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Synopsis
In electrical engineering, a synchronous condenser (sometimes called a synchronous capacitor or synchronous compensator) is a device, identical to a synchronous motor, whose shaft is not connected to anything but spins freely.
Its purpose is not to convert electric power to mechanical power or vice versa, but to adjust conditions on the electric power transmission grid. Its field is controlled by a voltage regulator to either generate or absorb reactive power as needed to adjust the grid's voltage, or to improve power factor. The condenser’s installation and operation are identical to large electric motors and generators.
The global Synchronous Condenser market size is expected to reach US$ 217.4 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Synchronous Condenser in various end use industries. The expanding demands from the Transmission System Strength, HVDC Link Support, New Energy and Others, are propelling Synchronous Condenser market. Below 100 M Var, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the 100-200 M Var segment is estimated at % CAGR for the next seven-year period.
The industry's leading manufacturers are Siemens, Shanghai Electric and Dongfang Electric, which accounted for 16 percent, 27 percent and 26 percent of revenues respectively in 2019.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Synchronous Condenser, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Synchronous Condenser market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Synchronous Condenser market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Synchronous Condenser sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Synchronous Condenser covered in this report include Siemens, GE, Voith, WEG, Ansaldo Energia, Shanghai Electric, Dongfang Electric and Harbin Electric, etc.
The global Synchronous Condenser market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
- Siemens
- GE
- Voith
- WEG
- Ansaldo Energia
- Shanghai Electric
- Dongfang Electric
- Harbin Electric
Global Synchronous Condenser market, by region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, etc.)
- Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
- South America (Brazil, etc.)
- Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Synchronous Condenser market, Segment by Type:
- Below 100 M Var
- 100-200 M Var
- Above 200 M Var
Global Synchronous Condenser market, by Application
- Transmission System Strength
- HVDC Link Support
- New Energy
- Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Synchronous Condenser manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Synchronous Condenser in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Synchronous Condenser Market Overview
1.1 Synchronous Condenser Product Overview
1.2 Synchronous Condenser Market Segment by Type
1.2.1 Below 100 M Var
1.2.2 100-200 M Var
1.2.3 Above 200 M Var
1.3 Global Synchronous Condenser Market Size by Type
1.3.1 Global Synchronous Condenser Market Size Overview by Type (2018-2029)
1.3.2 Global Synchronous Condenser Historic Market Size Review by Type (2018-2023)
1.3.3 Global Synchronous Condenser Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Synchronous Condenser Sales Breakdown by Type (2018-2023)
1.4.2 Europe Synchronous Condenser Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Synchronous Condenser Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Synchronous Condenser Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Synchronous Condenser Sales Breakdown by Type (2018-2023)
2 Global Synchronous Condenser Market Competition by Company
2.1 Global Top Players by Synchronous Condenser Sales (2018-2023)
2.2 Global Top Players by Synchronous Condenser Revenue (2018-2023)
2.3 Global Top Players by Synchronous Condenser Price (2018-2023)
2.4 Global Top Manufacturers Synchronous Condenser Manufacturing Base Distribution, Sales Area, Product Type
2.5 Synchronous Condenser Market Competitive Situation and Trends
2.5.1 Synchronous Condenser Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Synchronous Condenser Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Synchronous Condenser as of 2022)
2.7 Date of Key Manufacturers Enter into Synchronous Condenser Market
2.8 Key Manufacturers Synchronous Condenser Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Synchronous Condenser Status and Outlook by Region
3.1 Global Synchronous Condenser Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Synchronous Condenser Historic Market Size by Region
3.2.1 Global Synchronous Condenser Sales in Volume by Region (2018-2023)
3.2.2 Global Synchronous Condenser Sales in Value by Region (2018-2023)
3.2.3 Global Synchronous Condenser Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Synchronous Condenser Forecasted Market Size by Region
3.3.1 Global Synchronous Condenser Sales in Volume by Region (2024-2029)
3.3.2 Global Synchronous Condenser Sales in Value by Region (2024-2029)
3.3.3 Global Synchronous Condenser Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Synchronous Condenser by Application
4.1 Synchronous Condenser Market Segment by Application
4.1.1 Transmission System Strength
4.1.2 HVDC Link Support
4.1.3 New Energy
4.1.4 Others
4.2 Global Synchronous Condenser Market Size by Application
4.2.1 Global Synchronous Condenser Market Size Overview by Application (2018-2029)
4.2.2 Global Synchronous Condenser Historic Market Size Review by Application (2018-2023)
4.2.3 Global Synchronous Condenser Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Synchronous Condenser Sales Breakdown by Application (2018-2023)
4.3.2 Europe Synchronous Condenser Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Synchronous Condenser Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Synchronous Condenser Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Synchronous Condenser Sales Breakdown by Application (2018-2023)
5 North America Synchronous Condenser by Country
5.1 North America Synchronous Condenser Historic Market Size by Country
5.1.1 North America Synchronous Condenser Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Synchronous Condenser Sales in Volume by Country (2018-2023)
5.1.3 North America Synchronous Condenser Sales in Value by Country (2018-2023)
5.2 North America Synchronous Condenser Forecasted Market Size by Country
5.2.1 North America Synchronous Condenser Sales in Volume by Country (2024-2029)
5.2.2 North America Synchronous Condenser Sales in Value by Country (2024-2029)
6 Europe Synchronous Condenser by Country
6.1 Europe Synchronous Condenser Historic Market Size by Country
6.1.1 Europe Synchronous Condenser Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Synchronous Condenser Sales in Volume by Country (2018-2023)
6.1.3 Europe Synchronous Condenser Sales in Value by Country (2018-2023)
6.2 Europe Synchronous Condenser Forecasted Market Size by Country
6.2.1 Europe Synchronous Condenser Sales in Volume by Country (2024-2029)
6.2.2 Europe Synchronous Condenser Sales in Value by Country (2024-2029)
7 Asia-Pacific Synchronous Condenser by Region
7.1 Asia-Pacific Synchronous Condenser Historic Market Size by Region
7.1.1 Asia-Pacific Synchronous Condenser Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Synchronous Condenser Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Synchronous Condenser Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Synchronous Condenser Forecasted Market Size by Region
7.2.1 Asia-Pacific Synchronous Condenser Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Synchronous Condenser Sales in Value by Region (2024-2029)
8 Latin America Synchronous Condenser by Country
8.1 Latin America Synchronous Condenser Historic Market Size by Country
8.1.1 Latin America Synchronous Condenser Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Synchronous Condenser Sales in Volume by Country (2018-2023)
8.1.3 Latin America Synchronous Condenser Sales in Value by Country (2018-2023)
8.2 Latin America Synchronous Condenser Forecasted Market Size by Country
8.2.1 Latin America Synchronous Condenser Sales in Volume by Country (2024-2029)
8.2.2 Latin America Synchronous Condenser Sales in Value by Country (2024-2029)
9 Middle East and Africa Synchronous Condenser by Country
9.1 Middle East and Africa Synchronous Condenser Historic Market Size by Country
9.1.1 Middle East and Africa Synchronous Condenser Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Synchronous Condenser Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Synchronous Condenser Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Synchronous Condenser Forecasted Market Size by Country
9.2.1 Middle East and Africa Synchronous Condenser Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Synchronous Condenser Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Siemens
10.1.1 Siemens Company Information
10.1.2 Siemens Introduction and Business Overview
10.1.3 Siemens Synchronous Condenser Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Siemens Synchronous Condenser Products Offered
10.1.5 Siemens Recent Development
10.2 GE
10.2.1 GE Company Information
10.2.2 GE Introduction and Business Overview
10.2.3 GE Synchronous Condenser Sales, Revenue and Gross Margin (2018-2023)
10.2.4 GE Synchronous Condenser Products Offered
10.2.5 GE Recent Development
10.3 Voith
10.3.1 Voith Company Information
10.3.2 Voith Introduction and Business Overview
10.3.3 Voith Synchronous Condenser Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Voith Synchronous Condenser Products Offered
10.3.5 Voith Recent Development
10.4 WEG
10.4.1 WEG Company Information
10.4.2 WEG Introduction and Business Overview
10.4.3 WEG Synchronous Condenser Sales, Revenue and Gross Margin (2018-2023)
10.4.4 WEG Synchronous Condenser Products Offered
10.4.5 WEG Recent Development
10.5 Ansaldo Energia
10.5.1 Ansaldo Energia Company Information
10.5.2 Ansaldo Energia Introduction and Business Overview
10.5.3 Ansaldo Energia Synchronous Condenser Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Ansaldo Energia Synchronous Condenser Products Offered
10.5.5 Ansaldo Energia Recent Development
10.6 Shanghai Electric
10.6.1 Shanghai Electric Company Information
10.6.2 Shanghai Electric Introduction and Business Overview
10.6.3 Shanghai Electric Synchronous Condenser Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Shanghai Electric Synchronous Condenser Products Offered
10.6.5 Shanghai Electric Recent Development
10.7 Dongfang Electric
10.7.1 Dongfang Electric Company Information
10.7.2 Dongfang Electric Introduction and Business Overview
10.7.3 Dongfang Electric Synchronous Condenser Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Dongfang Electric Synchronous Condenser Products Offered
10.7.5 Dongfang Electric Recent Development
10.8 Harbin Electric
10.8.1 Harbin Electric Company Information
10.8.2 Harbin Electric Introduction and Business Overview
10.8.3 Harbin Electric Synchronous Condenser Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Harbin Electric Synchronous Condenser Products Offered
10.8.5 Harbin Electric Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Synchronous Condenser Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Synchronous Condenser Industrial Chain Analysis
11.4 Synchronous Condenser Market Dynamics
11.4.1 Synchronous Condenser Industry Trends
11.4.2 Synchronous Condenser Market Drivers
11.4.3 Synchronous Condenser Market Challenges
11.4.4 Synchronous Condenser Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Synchronous Condenser Distributors
12.3 Synchronous Condenser Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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