Global Synchronous Condenser Market Growth 2024-2030

Publication ID:

LPI01242529

Publication Date:

January 4, 2024

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Energy Trading & Marketing [2]

Electricity [3]

Energy & Utilities [4]

Description:

The global Synchronous Condenser market size was valued at US$ 165.5 million in 2023. With growing demand in downstream market, the Synchronous Condenser is forecast to a readjusted size of US$ 214 million by 2030 with a CAGR of 3.7% during review period.
The research report highlights the growth potential of the global Synchronous Condenser market. Synchronous Condenser are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Synchronous Condenser. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Synchronous Condenser market.
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鈥檚 installation and operation are identical to large electric motors and generators.
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.
Key Features:
The report on Synchronous Condenser market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Synchronous Condenser market. It may include historical data, market segmentation by Type (e.g., Below 100 M Var, 100-200 M Var), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Synchronous Condenser market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Synchronous Condenser market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Synchronous Condenser industry. This include advancements in Synchronous Condenser technology, Synchronous Condenser new entrants, Synchronous Condenser new investment, and other innovations that are shaping the future of Synchronous Condenser.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Synchronous Condenser market. It includes factors influencing customer ' purchasing decisions, preferences for Synchronous Condenser product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Synchronous Condenser market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Synchronous Condenser market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Synchronous Condenser market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Synchronous Condenser industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Synchronous Condenser market.
Market Segmentation:
Synchronous Condenser market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Below 100 M Var
100-200 M Var
Above 200 M Var
Segmentation by application
Transmission System Strength
HVDC Link Support
New Energy
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
GE
Voith
WEG
Ansaldo Energia
Shanghai Electric
Dongfang Electric
Harbin Electric
Key Questions Addressed in this Report
What is the 10-year outlook for the global Synchronous Condenser market?
What factors are driving Synchronous Condenser market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Synchronous Condenser market opportunities vary by end market size?
How does Synchronous Condenser break out type, application?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Synchronous Condenser Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Synchronous Condenser by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Synchronous Condenser by Country/Region, 2019, 2023 & 2030
2.2 Synchronous Condenser Segment by Type
2.2.1 Below 100 M Var
2.2.2 100-200 M Var
2.2.3 Above 200 M Var
2.3 Synchronous Condenser Sales by Type
2.3.1 Global Synchronous Condenser Sales Market Share by Type (2019-2024)
2.3.2 Global Synchronous Condenser Revenue and Market Share by Type (2019-2024)
2.3.3 Global Synchronous Condenser Sale Price by Type (2019-2024)
2.4 Synchronous Condenser Segment by Application
2.4.1 Transmission System Strength
2.4.2 HVDC Link Support
2.4.3 New Energy
2.4.4 Others
2.5 Synchronous Condenser Sales by Application
2.5.1 Global Synchronous Condenser Sale Market Share by Application (2019-2024)
2.5.2 Global Synchronous Condenser Revenue and Market Share by Application (2019-2024)
2.5.3 Global Synchronous Condenser Sale Price by Application (2019-2024)
3 Global Synchronous Condenser by Company
3.1 Global Synchronous Condenser Breakdown Data by Company
3.1.1 Global Synchronous Condenser Annual Sales by Company (2019-2024)
3.1.2 Global Synchronous Condenser Sales Market Share by Company (2019-2024)
3.2 Global Synchronous Condenser Annual Revenue by Company (2019-2024)
3.2.1 Global Synchronous Condenser Revenue by Company (2019-2024)
3.2.2 Global Synchronous Condenser Revenue Market Share by Company (2019-2024)
3.3 Global Synchronous Condenser Sale Price by Company
3.4 Key Manufacturers Synchronous Condenser Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Synchronous Condenser Product Location Distribution
3.4.2 Players Synchronous Condenser Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Synchronous Condenser by Geographic Region
4.1 World Historic Synchronous Condenser Market Size by Geographic Region (2019-2024)
4.1.1 Global Synchronous Condenser Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Synchronous Condenser Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Synchronous Condenser Market Size by Country/Region (2019-2024)
4.2.1 Global Synchronous Condenser Annual Sales by Country/Region (2019-2024)
4.2.2 Global Synchronous Condenser Annual Revenue by Country/Region (2019-2024)
4.3 Americas Synchronous Condenser Sales Growth
4.4 APAC Synchronous Condenser Sales Growth
4.5 Europe Synchronous Condenser Sales Growth
4.6 Middle East & Africa Synchronous Condenser Sales Growth
5 Americas
5.1 Americas Synchronous Condenser Sales by Country
5.1.1 Americas Synchronous Condenser Sales by Country (2019-2024)
5.1.2 Americas Synchronous Condenser Revenue by Country (2019-2024)
5.2 Americas Synchronous Condenser Sales by Type
5.3 Americas Synchronous Condenser Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Synchronous Condenser Sales by Region
6.1.1 APAC Synchronous Condenser Sales by Region (2019-2024)
6.1.2 APAC Synchronous Condenser Revenue by Region (2019-2024)
6.2 APAC Synchronous Condenser Sales by Type
6.3 APAC Synchronous Condenser Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Synchronous Condenser by Country
7.1.1 Europe Synchronous Condenser Sales by Country (2019-2024)
7.1.2 Europe Synchronous Condenser Revenue by Country (2019-2024)
7.2 Europe Synchronous Condenser Sales by Type
7.3 Europe Synchronous Condenser Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Synchronous Condenser by Country
8.1.1 Middle East & Africa Synchronous Condenser Sales by Country (2019-2024)
8.1.2 Middle East & Africa Synchronous Condenser Revenue by Country (2019-2024)
8.2 Middle East & Africa Synchronous Condenser Sales by Type
8.3 Middle East & Africa Synchronous Condenser Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Synchronous Condenser
10.3 Manufacturing Process Analysis of Synchronous Condenser
10.4 Industry Chain Structure of Synchronous Condenser
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Synchronous Condenser Distributors
11.3 Synchronous Condenser Customer
12 World Forecast Review for Synchronous Condenser by Geographic Region
12.1 Global Synchronous Condenser Market Size Forecast by Region
12.1.1 Global Synchronous Condenser Forecast by Region (2025-2030)
12.1.2 Global Synchronous Condenser Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Synchronous Condenser Forecast by Type
12.7 Global Synchronous Condenser Forecast by Application
13 Key Players Analysis
13.1 Siemens
13.1.1 Siemens Company Information
13.1.2 Siemens Synchronous Condenser Product Portfolios and Specifications
13.1.3 Siemens Synchronous Condenser Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Siemens Main Business Overview
13.1.5 Siemens Latest Developments
13.2 GE
13.2.1 GE Company Information
13.2.2 GE Synchronous Condenser Product Portfolios and Specifications
13.2.3 GE Synchronous Condenser Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 GE Main Business Overview
13.2.5 GE Latest Developments
13.3 Voith
13.3.1 Voith Company Information
13.3.2 Voith Synchronous Condenser Product Portfolios and Specifications
13.3.3 Voith Synchronous Condenser Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Voith Main Business Overview
13.3.5 Voith Latest Developments
13.4 WEG
13.4.1 WEG Company Information
13.4.2 WEG Synchronous Condenser Product Portfolios and Specifications
13.4.3 WEG Synchronous Condenser Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 WEG Main Business Overview
13.4.5 WEG Latest Developments
13.5 Ansaldo Energia
13.5.1 Ansaldo Energia Company Information
13.5.2 Ansaldo Energia Synchronous Condenser Product Portfolios and Specifications
13.5.3 Ansaldo Energia Synchronous Condenser Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Ansaldo Energia Main Business Overview
13.5.5 Ansaldo Energia Latest Developments
13.6 Shanghai Electric
13.6.1 Shanghai Electric Company Information
13.6.2 Shanghai Electric Synchronous Condenser Product Portfolios and Specifications
13.6.3 Shanghai Electric Synchronous Condenser Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Shanghai Electric Main Business Overview
13.6.5 Shanghai Electric Latest Developments
13.7 Dongfang Electric
13.7.1 Dongfang Electric Company Information
13.7.2 Dongfang Electric Synchronous Condenser Product Portfolios and Specifications
13.7.3 Dongfang Electric Synchronous Condenser Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Dongfang Electric Main Business Overview
13.7.5 Dongfang Electric Latest Developments
13.8 Harbin Electric
13.8.1 Harbin Electric Company Information
13.8.2 Harbin Electric Synchronous Condenser Product Portfolios and Specifications
13.8.3 Harbin Electric Synchronous Condenser Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Harbin Electric Main Business Overview
13.8.5 Harbin Electric Latest Developments
14 Research Findings and Conclusion

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