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| A10591 | Pages: 285 | Jul 2021 | 2270 Views | | |
| Author(s) : Saurabh Dixit , Eswara Prasad | Tables: 187 | Charts: 79 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Synchronous Condenser Market
Request Now !The global synchronous condenser market size was valued at $568.9 million in 2020, and is projected to reach $751.0 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030. Synchronous condenser is a synchronous device that generates reactive power, which leads real power by 90 degrees in phase. Synchronous condenser can operate similar to synchronous motor, and its shaft rotates freely. It is used to regulate situations on electric power grids by adding or absorbing reactive power to regulated grid voltage. It can be operational with the help of starting methods such as static frequency converter and pony motor. Cooling systems used in the synchronous condensers include air cooling, hydrogen cooling, and water cooling, which depend on the type of load, reactive power rating, and customer needs.
The outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for synchronous condenser market.
For the purpose of analysis, the global synchronous condenser market is segmented into type, cooling type, starting method, end user, reactive power rating, and region. The study highlights various types of synchronous condensers available in the market such as new and refurbished. On the basis of cooling type, the report includes revenue generated through air-cooled, water-cooled, and hydrogen-cooled synchronous condenser. Furthermore, it focuses on various initiation methods of synchronous condensers, which include static frequency converter, pony motor, and others. The reactive power rating covered in the study include up to 100 MVAR, 100–200 MVAR and above 200 MVAR. The key end users of synchronous condensers are electric utilities and industrial. The report covers the generated by synchronous condensers across various regions such as North America, Europe, Asia-Pacific, and LAMEA.
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Key players operating in the global synchronous condenser industry are ABB, Ltd., Andritz, Eaton Corporation Plc, Fuji Electric, General Electric, Ideal Electric Power Co., Mitsubishi Electric Corporation, Siemens Energy, Voith GmbH & Co. KGaA, and WEG Group.
Other players operating in the synchronous condenser market are Toshiba Corporation, Brush Group, Sustainable Power Systems, Inc., Power Systems & Controls, Inc., Ansaldo Energia, and Modern Power Systems.
These players are adopting numerous strategies such as agreement and collaboration to stay competitive in the market of synchronous condenser.
For instance, in December 2020, Siemens Energy signed an agreement with Elering AS (Estonian transmission system operator). This agreement aimed at building three synchronous condenser plants in Estonia. Through this, Siemens Energy will design, supply, and installation of the three 330 kilovolt (kV) synchronous condenser plants, that will be located at Püssi, Viru, and Kiisa in the north of Estonia.
The synchronous condenser market is analyzed in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2021–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
By type, the new segment held the largest market share in 2020, owing to rise in demand for reactive power compensation from electric utilities such as transmission system, power plants, and other industrial applications. In addition, advantages associated with synchronous condenser such as power factor correction, reactive power compensation, grid stability, and voltage regulation are anticipated to fuel the growth of the global synchronous condenser market in the coming years.
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On the basis of mobility, the air-cooled segment dominated the global market in 2020, in terms of share, owing to rise in demand for synchronous condensers from high-voltage DC system, wind/solar power generations, synchronous condenser upgrading, and other reactive power compensation applications in electric utilities. One of the major advantages with using air cooled system in synchronous condenser is simple operation and maintenance. This is further expected to fuel the market growth of this segment in the upcoming years.
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By cooling system, the static frequency converter segment garnered the highest global synchronous condenser market share in 2020. This is attributed to rapid expansion of heavy industries & projects such as dams, power plants, power grids, refineries, and mills. In addition, rise in the hydropower projects across the globe act as the key driving force of the static frequency converter-based synchronous condenser in the coming years.
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On the basis of application, the up to 100 MVAR segment exhibited the highest market share in 2020. This is attributed to rise in demand for power factor correction and reactive power compensation, owing to multiple inductive loads equipped in the industrial applications. In addition, increased short circuit mega volt ampere (MVA), high response excitation system, high overload capability, prolonged service life, and enhanced reliability are the key advantages of using synchronous condenser in utility applications, which are expected to drive the growth of the market during the forecast period.
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By end-use industry, in 2020, the electrical utilities segment acquired the largest market share, owing to rise in demand for electricity and related products that fuel the demand for grid infrastructure. Moreover, rapid penetration of electric vehicles led to increase in charging stations, which acts as a key growth factor and creates the new opportunities for renewable power integration in charging station. In these stations, synchronous condenser can be used to improve power factor by absorbing or generating reactive power as per requirement in this station. This is further anticipated to propel the demand for synchronous condensers in upcoming years.
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Europe garnered the highest share in the synchronous condenser market in 2020, in terms of revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the presence of huge consumer base, rapid development of the renewable energy sector, high voltage direct current (HVDC) systems, and the existence of key players in the region. Moreover, presence of the countries such as Germany, the UK, France, and Spain is anticipated to contribute toward the growth of the market in Europe.
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COVID-19 impact on the market
Lockdown imposed due to the outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries and electrical utilities, which decreased the demand for synchronous condenser from these consumers. In addition, halt in building & construction of new electric utility infrastructures, renewable power plants, grid network, and other power plants, owing to unavailability of workers and increase in demand–supply gap are projected to hamper the market growth during the pandemic period. This resulted in decline in market growth in the second, third, and fourth quarters of 2020. However, the synchronous condenser market is expected to recover by the first quarter of 2021, as COVID-19 vaccination has begun in various economies across the globe, which is expected to improve the global economy.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Cooling Type
By Starting Method
By Reactive Power Rating
By End User
By Region
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping the market
3.3.Value chain analysis
3.4.Top investment pockets
3.5.Patent analysis
3.5.1.By region, 2013–2019
3.6.Market dynamics
3.6.1.Drivers
3.6.1.1.Rise in demand for power factor correction and reactive power compensation
3.6.1.2.Rapid Growth in Renewable Power Integration
3.6.2.Restraints
3.6.2.1.High cost associated with Synchronous Condensers
3.6.2.2.Availability of alternatives
3.6.3.Opportunity
3.6.3.1.Rapid growth of HVDC network
3.6.3.2.Transition of synchronous generator to synchronous condenser
3.7.Impact of COVID-19 outbreak on the market
CHAPTER 4:SYNCHRONOUS CONDENSER MARKET, BY TYPE
4.1.Overview
4.1.1.Market size and forecast
4.2.New
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country
4.3.Refurbished
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country
CHAPTER 5:SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE
5.1.Overview
5.1.1.Market size and forecast
5.2.Air-Cooled
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country
5.3.Water-Cooled
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country
5.4.Hydrogen-Cooled
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country
CHAPTER 6:SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD
6.1.Overview
6.1.1.Market size and forecast
6.2.Static Frequency Converter
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country
6.3.Pony motor
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country
6.4.Others
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country
CHAPTER 7:SYNCHRONOUS CONDENSER MARKET, BY END USER
7.1.Overview
7.1.1.Market size and forecast
7.2.Electric Utilities
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market share analysis, by country
7.3.Industries
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market share analysis, by country
CHAPTER 8:SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING
8.1.Overview
8.1.1.Market size and forecast
8.2.Up to 100 MVAR
8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by region
8.2.3.Market share analysis, by country
8.3.100-200 MVAR
8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by region
8.3.3.Market share analysis, by country
8.4.More than 200 MVAR
8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by region
8.4.3.Market share analysis, by country
CHAPTER 9:SYNCHRONOUS CONDENSER MARKET, BY REGION
9.1.Overview
9.1.1.Market size and forecast
9.2.North America
9.2.1.Key market trends, growth factors, and opportunities
9.2.2.Market size and forecast, by type
9.2.3.Market size and forecast, by cooling type
9.2.4.Market size and forecast, by starting method
9.2.5.Market size and forecast, by end user
9.2.6.Market size and forecast, by reactive power rating
9.2.7.Market share analysis, by country
9.2.8.The U.S.
9.2.8.1.Market size and forecast, by type
9.2.8.2.Market size and forecast, by cooling type
9.2.8.3.Market size and forecast, by starting method
9.2.8.4.Market size and forecast, by end user
9.2.8.5.Market size and forecast, by reactive power rating
9.2.9.Canada
9.2.9.1.Market size and forecast, by type
9.2.9.2.Market size and forecast, by cooling type
9.2.9.3.Market size and forecast, by starting method
9.2.9.4.Market size and forecast, by end user
9.2.9.5.Market size and forecast, by reactive power rating
9.2.10.Mexico
9.2.10.1.Market size and forecast, by type
9.2.10.2.Market size and forecast, by cooling type
9.2.10.3.Market size and forecast, by starting method
9.2.10.4.Market size and forecast, by end user
9.2.10.5.Market size and forecast, by reactive power rating
9.3.Europe
9.3.1.Key market trends, growth factors, and opportunities
9.3.2.Market size and forecast, by type
9.3.3.Market size and forecast, by cooling type
9.3.4.Market size and forecast, by starting method
9.3.5.Market size and forecast, by end user
9.3.6.Market size and forecast, by reactive power rating
9.3.7.Market share analysis, by country
9.3.8.Germany
9.3.8.1.Market size and forecast, by type
9.3.8.2.Market size and forecast, by cooling type
9.3.8.3.Market size and forecast, by starting method
9.3.8.4.Market size and forecast, by end user
9.3.8.5.Market size and forecast, by reactive power rating
9.3.9.France
9.3.9.1.Market size and forecast, by type
9.3.9.2.Market size and forecast, by cooling type
9.3.9.3.Market size and forecast, by starting method
9.3.9.4.Market size and forecast, by end user
9.3.9.5.Market size and forecast, by reactive power rating
9.3.10.UK
9.3.10.1.Market size and forecast, by type
9.3.10.2.Market size and forecast, by cooling type
9.3.10.3.Market size and forecast, by starting method
9.3.10.4.Market size and forecast, by end user
9.3.10.5.Market size and forecast, by reactive power rating
9.3.11.Italy
9.3.11.1.Market size and forecast, by type
9.3.11.2.Market size and forecast, by cooling type
9.3.11.3.Market size and forecast, by starting method
9.3.11.4.Market size and forecast, by end user
9.3.11.5.Market size and forecast, by reactive power rating
9.3.12.Spain
9.3.12.1.Market size and forecast, by type
9.3.12.2.Market size and forecast, by cooling type
9.3.12.3.Market size and forecast, by starting method
9.3.12.4.Market size and forecast, by end user
9.3.12.5.Market size and forecast, by reactive power rating
9.3.13.Rest of Europe
9.3.13.1.Market size and forecast, by type
9.3.13.2.Market size and forecast, by cooling type
9.3.13.3.Market size and forecast, by starting method
9.3.13.4.Market size and forecast, by end user
9.3.13.5.Market size and forecast, by reactive power rating
9.4.Asia-Pacific
9.4.1.Key market trends, growth factors, and opportunities
9.4.2.Market size and forecast, by type
9.4.3.Market size and forecast, by cooling type
9.4.4.Market size and forecast, by starting method
9.4.5.Market size and forecast, by end user
9.4.6.Market size and forecast, by reactive power rating
9.4.7.Market share analysis, by country
9.4.8.China
9.4.8.1.Market size and forecast, by type
9.4.8.2.Market size and forecast, by cooling type
9.4.8.3.Market size and forecast, by starting method
9.4.8.4.Market size and forecast, by end user
9.4.8.5.Market size and forecast, by reactive power rating
9.4.9.Japan
9.4.9.1.Market size and forecast, by type
9.4.9.2.Market size and forecast, by cooling type
9.4.9.3.Market size and forecast, by starting method
9.4.9.4.Market size and forecast, by end user
9.4.9.5.Market size and forecast, by reactive power rating
9.4.10.India
9.4.10.1.Market size and forecast, by type
9.4.10.2.Market size and forecast, by cooling type
9.4.10.3.Market size and forecast, by starting method
9.4.10.4.Market size and forecast, by end user
9.4.10.5.Market size and forecast, by reactive power rating
9.4.11.Australia
9.4.11.1.Market size and forecast, by type
9.4.11.2.Market size and forecast, by cooling type
9.4.11.3.Market size and forecast, by starting method
9.4.11.4.Market size and forecast, by end user
9.4.11.5.Market size and forecast, by reactive power rating
9.4.12.South Korea
9.4.12.1.Market size and forecast, by type
9.4.12.2.Market size and forecast, by cooling type
9.4.12.3.Market size and forecast, by starting method
9.4.12.4.Market size and forecast, by end user
9.4.12.5.Market size and forecast, by reactive power rating
9.4.13.Rest of Asia-Pacific
9.4.13.1.Market size and forecast, by type
9.4.13.2.Market size and forecast, by cooling type
9.4.13.3.Market size and forecast, by starting method
9.4.13.4.Market size and forecast, by end user
9.4.13.5.Market size and forecast, by reactive power rating
9.5.LAMEA
9.5.1.Key market trends, growth factors, and opportunities
9.5.2.Market size and forecast, by type
9.5.3.Market size and forecast, by cooling type
9.5.4.Market size and forecast, by starting method
9.5.5.Market size and forecast, by end user
9.5.6.Market size and forecast, by reactive power rating
9.5.7.Market share analysis, by country
9.5.8.Latin America
9.5.8.1.Market size and forecast, by type
9.5.8.2.Market size and forecast, by cooling type
9.5.8.3.Market size and forecast, by starting method
9.5.8.4.Market size and forecast, by end user
9.5.8.5.Market size and forecast, by reactive power rating
9.5.9.Middle East
9.5.9.1.Market size and forecast, by type
9.5.9.2.Market size and forecast, by cooling type
9.5.9.3.Market size and forecast, by starting method
9.5.9.4.Market size and forecast, by end user
9.5.9.5.Market size and forecast, by reactive power rating
9.5.10.Africa
9.5.10.1.Market size and forecast, by type
9.5.10.2.Market size and forecast, by cooling type
9.5.10.3.Market size and forecast, by starting method
9.5.10.4.Market size and forecast, by end user
9.5.10.5.Market size and forecast, by reactive power rating
CHAPTER 10:COMPETITIVE LANDSCAPE
10.1.Introduction
10.1.1.Market Player Positioning, 2020
10.2.Top winning strategies
10.2.1.Top winning strategies, by year
10.2.2.Top winning strategies, by development
10.2.3.Top winning strategies, by company
10.3.Product Mapping of Top 10 Player
10.4.Competitive Heatmap
10.5.Key developments
10.5.1.Agreements
10.5.2.Collaboration
CHAPTER 11:COMPANY PROFILES
11.1.ABB, LTD.
11.1.1.Company overview
11.1.2.Key executives
11.1.3.Company snapshot
11.1.4.Operating business segments
11.1.5.Product portfolio
11.1.6.Business performance
11.1.7.Key strategic moves and developments
11.2.Andritz
11.2.1.Company overview
11.2.2.Key executives
11.2.3.Company snapshot
11.2.4.Operating business segments
11.2.5.Product portfolio
11.2.6.Business performance
11.2.7.Key strategic moves and developments
11.3.Eaton Corporation plc
11.3.1.Company overview
11.3.2.Key executives
11.3.3.Company snapshot
11.3.4.Operating business segments
11.3.5.Product portfolio
11.3.6.Business performance
11.4.Fuji Electric
11.4.1.Company overview
11.4.2.Key executives
11.4.3.Company snapshot
11.4.4.Operating business segments
11.4.5.Product portfolio
11.4.6.Business performance
11.5.GENERAL ELECTRIC
11.5.1.Company overview
11.5.2.Key executives
11.5.3.Company snapshot
11.5.4.Operating business segments
11.5.5.Product portfolio
11.5.6.Business performance
11.5.7.Key strategic moves and developments
11.6.Ideal Electric Power Co.
11.6.1.Company overview
11.6.2.Key executives
11.6.3.Company snapshot
11.6.4.Product portfolio
11.7.Mitsubishi Electric Corporation
11.7.1.Company overview
11.7.2.Key executives
11.7.3.Company snapshot
11.7.4.Operating business segments
11.7.5.Product portfolio
11.7.6.Business performance
11.8.Siemens Energy
11.8.1.Company overview
11.8.2.Key executives
11.8.3.Company snapshot
11.8.4.Operating business segments
11.8.5.Product portfolio
11.8.6.Business performance
11.8.7.Key strategic moves and developments
11.9.Voith GmbH & Co. KGaA
11.9.1.Company overview
11.9.2.Key executives
11.9.3.Company snapshot
11.9.4.Operating business segments
11.9.5.Product portfolio
11.9.6.Business performance
11.10.WEG Group
11.10.1.Company overview
11.10.2.Key executives
11.10.3.Company snapshot
11.10.4.Operating business segments
11.10.5.Product portfolio
11.10.6.Business performance
LIST OF TABLES
TABLE 01.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 02.NEW SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 03.REFURBISHED SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 04.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 05.AIR-COOLED SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 06.WATER-COOLED SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 07.HYDROGEN-COOLED SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 08.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 09.SYNCHRONOUS CONDENSER MARKET BY STATIC FREQUENCY CONVERTER, BY REGION, 2020–2030 ($MILLION)
TABLE 10.SYNCHRONOUS CONDENSER MARKET BY PONY MOTOR, BY REGION, 2020–2030 ($MILLION)
TABLE 11.SYNCHRONOUS CONDENSER MARKET BY OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 12.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 13.SYNCHRONOUS CONDENSER MARKET FOR ELECTRIC UTILITIES, BY REGION, 2020–2030 ($MILLION)
TABLE 14.SYNCHRONOUS CONDENSER MARKET FOR INDUSTRIES, BY REGION, 2020–2030 ($MILLION)
TABLE 15.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 16.SYNCHRONOUS CONDENSER MARKET FOR UP TO 100 MVAR, BY REGION, 2020–2030 ($MILLION)
TABLE 17.SYNCHRONOUS CONDENSER MARKET FOR 100-200 MVAR, BY REGION, 2020–2030 ($MILLION)
TABLE 18.SYNCHRONOUS CONDENSER MARKET FOR MORE THAN 200 MVAR, BY REGION, 2020–2030 ($MILLION)
TABLE 19.SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 20.NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 21.NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 22.NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 23.NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 24.NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 25.NORTH AMERICA SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 26.THE U.S. SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 27.THE U.S. SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 28.THE U.S. SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 29.THE U.S. SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 30.THE U.S. SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 31.CANADA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 32.CANADA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 33.CANADA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 34.CANADA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 35.CANADA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 36.MEXICO SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 37.MEXICO SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 38.MEXICO SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 39.MEXICO SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 40.MEXICO SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 41.EUROPE SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 42.EUROPE SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 43.EUROPE SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 44.EUROPE SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 45.EUROPE SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 46.EUROPE SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 47.GERMANY SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 48.GERMANY SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 49.GERMANY SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 50.GERMANY SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 51.GERMANY SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 52.FRANCE SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 53.FRANCE SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 54.FRANCE SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 55.FRANCE SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 56.FRANCE SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 57.UK SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 58.UK SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 59.UK SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 60.UK SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 61.UK SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 62.ITALY SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 63.ITALY SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 64.ITALY SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 65.ITALY SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 66.ITALY SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 67.SPAIN SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 68.SPAIN SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 69.SPAIN SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 70.SPAIN SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 71.SPAIN SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 72.REST OF EUROPE SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 73.REST OF EUROPE SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 74.REST OF EUROPE SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 75.REST OF EUROPE SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 76.REST OF EUROPE SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 77.ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 78.ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 79.ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 80.ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 81.ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 82.ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 83.CHINA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 84.CHINA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 85.CHINA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 86.CHINA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 87.CHINA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 88.JAPAN SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 89.JAPAN SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 90.JAPAN SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 91.JAPAN SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 92.JAPAN SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 93.INDIA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 94.INDIA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 95.INDIA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 96.INDIA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 97.INDIA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 98.AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 99.AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 100.AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 101.AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 102.AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 103.SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 104.SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 105.SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 106.SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 107.SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 108.REST OF ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 109.REST OF ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 110.REST OF ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 111.REST OF ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 112.REST OF ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 113.LAMEA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 114.LAMEA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 115.LAMEA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 116.LAMEA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 117.LAMEA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 118.LAMEA SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 119.LATIN AMERICA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 120.LATIN AMERICA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 121.LATIN AMERICA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 122.LATIN AMERICA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 123.LATIN AMERICA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 124.MIDDLE EAST SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 125.MIDDLE EAST SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 126.MIDDLE EAST SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 127.MIDDLE EAST SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 128.MIDDLE EAST SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 129.AFRICA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030 ($MILLION)
TABLE 130.AFRICA SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030 ($MILLION)
TABLE 131.AFRICA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030 ($MILLION)
TABLE 132.AFRICA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 133.AFRICA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030 ($MILLION)
TABLE 134.KEY AGREEMENTS (2017-2021)
TABLE 135.KEY COLLABORATION (2017-2021)
TABLE 136.ABB, LTD.: KEY EXECUTIVES
TABLE 137.ABB, LTD.: COMPANY SNAPSHOT
TABLE 138.ABB, LTD.: OPERATING SEGMENTS
TABLE 139.ABB, LTD.
TABLE 140.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 141.ABB, LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 142.ANDRITZ: KEY EXECUTIVES
TABLE 143.ANDRITZ: COMPANY SNAPSHOT
TABLE 144.ANDRITZ: OPERATING SEGMENTS
TABLE 145.ANDRITZ: PRODUCT PORTFOLIO
TABLE 146.ANDRITZ: NET SALES, 2018–2020 ($MILLION)
TABLE 147.ANDRITZ: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 148.EATON: KEY EXECUTIVES
TABLE 149.EATON: COMPANY SNAPSHOT
TABLE 150.EATON: OPERATING SEGMENTS
TABLE 151.EATON: PRODUCT PORTFOLIO
TABLE 152.EATON: NET SALES, 2018–2020 ($MILLION)
TABLE 153.FUJI ELECTRIC: KEY EXECUTIVES
TABLE 154.FUJI ELECTRIC: COMPANY SNAPSHOT
TABLE 155.FUJI ELECTRIC: OPERATING SEGMENTS
TABLE 156.FUJI ELECTRIC: PRODUCT PORTFOLIO
TABLE 157.FUJI ELECTRIC: NET SALES, 2018–2020 ($MILLION)
TABLE 158.GENERAL ELECTRIC: KEY EXECUTIVES
TABLE 159.GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 160.GENERAL ELECTRIC: OPERATING SEGMENTS
TABLE 161.GENERAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 162.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 163.GENERAL ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 164.IDEAL ELECTRIC: KEY EXECUTIVES
TABLE 165.IDEAL ELECTRIC: COMPANY SNAPSHOT
TABLE 166.IDEAL ELECTRIC: PRODUCT PORTFOLIO
TABLE 167.MITSUBISHI ELECTRIC: KEY EXECUTIVES
TABLE 168.MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
TABLE 169.MITSUBISHI ELECTRIC: OPERATING SEGMENTS
TABLE 170.MITSUBISHI ELECTRIC: PRODUCT PORTFOLIO
TABLE 171.MITSUBISHI ELECTRIC: NET SALES, 2018–2020 ($MILLION)
TABLE 172.SIEMENS ENERGY: KEY EXECUTIVES
TABLE 173.SIEMENS ENERGY: COMPANY SNAPSHOT
TABLE 174.SIEMENS ENERGY: OPERATING SEGMENTS
TABLE 175.SIEMENS ENERGY: PRODUCT PORTFOLIO
TABLE 176.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 177.SIEMENS ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 178.VOITH GMBH & CO. KGAA: KEY EXECUTIVES
TABLE 179.VOITH GMBH & CO. KGAA: COMPANY SNAPSHOT
TABLE 180.VOITH GMBH & CO. KGAA: OPERATING SEGMENTS
TABLE 181.VOITH GMBH & CO. KGAA: PRODUCT PORTFOLIO
TABLE 182.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 183.WEG GROUP: KEY EXECUTIVES
TABLE 184.WEG GROUP: COMPANY SNAPSHOT
TABLE 185.WEG GROUP: OPERATING SEGMENTS
TABLE 186.WEG GROUP: PRODUCT PORTFOLIO
TABLE 187.WEG GROUP: NET SALES, 2018–2020 ($MILLION)
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 03.MODERATE THREAT OF NEW ENTRANTS
FIGURE 04.HIGH THREAT OF SUBSTITUTES
FIGURE 05.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.VALUE CHAIN ANALYSIS
FIGURE 08.TOP INVESTMENT POCKETS
FIGURE 09.PATENT ANALYSIS, BY REGION
FIGURE 10.SYNCHRONOUS CONDENSER MARKET DYNAMICS
FIGURE 11.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020–2030
FIGURE 12.COMPARATIVE ANALYSIS OF NEW SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF REFURBISHED SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 14.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020–2030
FIGURE 15.COMPARATIVE ANALYSIS OF AIR-COOLED SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 16.COMPARATIVE ANALYSIS OF WATER-COOLED SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF HYDROGEN-COOLED SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 18.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020–2030
FIGURE 19.COMPARATIVE ANALYSIS OF SYNCHRONOUS CONDENSER MARKET BY STATIC FREQUENCY CONVERTER, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 20.COMPARATIVE ANALYSIS OF SYNCHRONOUS CONDENSER MARKET BY PONY MOTOR, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 21.COMPARATIVE ANALYSIS OF SYNCHRONOUS CONDENSER MARKET BY OTHERS, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 22.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY END USER, 2020–2030
FIGURE 23.COMPARATIVE ANALYSIS OF SYNCHRONOUS CONDENSER MARKET FOR ELECTRIC UTILITIES, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 24.COMPARATIVE ANALYSIS OF SYNCHRONOUS CONDENSER MARKET FOR INDUSTRIES, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 25.GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020–2030
FIGURE 26.COMPARATIVE ANALYSIS OF SYNCHRONOUS CONDENSER MARKET FOR UP TO 100 MVAR, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 27.COMPARATIVE ANALYSIS OF SYNCHRONOUS CONDENSER MARKET FOR 200-300 MVAR, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 28.COMPARATIVE ANALYSIS OF SYNCHRONOUS CONDENSER MARKET FOR MORE THAN 200 MVAR, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 29.THE U.S. SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 30.CANADA SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 31.MEXICO SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 32.GERMANY SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 33.FRANCE SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 34.UK SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 35.ITALY SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 36.SPAIN SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 37.REST OF EUROPE SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 38.CHINA SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 39.JAPAN SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 40.INDIA SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.AUSTRALIA SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 42.SOUTH KOREA SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 43.REST OF ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 44.LATIN AMERICA SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 45.MIDDLE EAST SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 46.AFRICA SYNCHRONOUS CONDENSER MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 47.MARKET PLAYER POSITIONING, 2020
FIGURE 48.TOP WINNING STRATEGIES, BY YEAR, 2017–2021
FIGURE 49.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2021 (%)
FIGURE 50.TOP WINNING STRATEGIES, BY COMPANY, 2017–2021
FIGURE 51.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 52.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 53.ABB, LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 54.ABB, LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 55.ABB, LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 56.ANDRITZ: NET SALES, 2018–2020 ($MILLION)
FIGURE 57.ANDRITZ: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 58.ANDRITZ: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 59.EATON: NET SALES, 2018–2020 ($MILLION)
FIGURE 60.EATON: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 61.EATON: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 62.FUJI ELECTRIC: NET SALES, 2018–2020 ($MILLION)
FIGURE 63.FUJI ELECTRIC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 64.FUJI ELECTRIC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 65.GENERAL ELECTRIC: REVENUE, 2018–2020 ($MILLION)
FIGURE 66.GENERAL ELECTRIC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 67.GENERAL ELECTRIC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 68.MITSUBISHI ELECTRIC: NET SALES, 2018–2020 ($MILLION)
FIGURE 69.MITSUBISHI ELECTRIC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.MITSUBISHI ELECTRIC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 71.SIEMENS ENERGY: NET SALES, 2018–2020 ($MILLION)
FIGURE 72.SIEMENS ENERGY: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 73.SIEMENS ENERGY: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 74.VOITH GMBH & CO. KGAA: NET SALES, 2018–2020 ($MILLION)
FIGURE 75.VOITH GMBH & CO. KGAA: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 76.VOITH GMBH & CO. KGAA: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 77.WEG GROUP: NET SALES, 2018–2020 ($MILLION)
FIGURE 78.WEG GROUP: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 79.WEG GROUP: REVENUE SHARE BY REGION, 2020 (%)
Rapid industrialization and growth of renewable energy sector are the key factors attributed to the leading position of Europe. The huge potential in Europe to set up renewable energy plants & industries and surge in high-voltage direct current (HVDC) transmission networks are expected to provide lucrative opportunities to leading synchronous condenser manufacturers.
Increase in demand for reliable and continuous power supply is the key factor driving the growth of the global synchronous condenser market during the forecast period. In addition, rise in demand for reactive power compensation and power factor correction from electric utilities and industrial applications is anticipated to fuel the growth of the market during the analyzed time frame. However, high cost associated with synchronous condensers and availability of alternatives for reactive power compensation hamper the growth of the market from 2021 to 2030. On the contrary, transition of old/aged synchronous generators to synchronous condensers and rapid growth of HVDC transmission network are anticipated to provide remunerative opportunities for key players to maintain the pace in the synchronous condenser market in the upcoming years.
Renowned global market leaders such as ABB, Ltd., General Electric, Andritz, and Siemens Energy are adopting various key growth strategies to strengthen their market position. Furthermore, these companies are focused on agreement and collaboration to cater to the increasing demand for synchronous condensers and to maintain the position in the global synchronous condenser market.
Among the analyzed regions, Europe is likely to account for the highest revenue in the market throughout the forecast period, followed by North America, Asia-Pacific, and LAMEA.
A. In terms of revenue growth, the CAGR of the global synchronous condenser market is 2.8% by 2030.
A. Rise in demand for reactive power compensation & power factor correction and rapid growth in renewable power integration are the key trends in the synchronous condenser market
A. The potential customers of the synchronous condenser market are electric utilities such as transmission, generation, distribution networks, and industrial customers.
A. On the basis of type, new segment will drive the synchronous condenser market growth during the forecast period. On the basis of cooling type, air-cooled segment will drive the growth of the synchronous condenser market. By starting method, static frequency converter segment will fuel the growth of the market. On the basis of end user, electric utilities will propel the growth of the market. By reactive power rating, up to 100 MVAR will drive the market growth in the coming years.
A. The applications of the synchronous condenser market are reactive power compensation, voltage regulation, grid stabilization and power factor correction.
A. Top players in the synchronous condenser market are ABB, Ltd., Andritz, Eaton Corporation Plc, Fuji Electric, General Electric, Ideal Electric Power Co., Mitsubishi Electric Corporation, Siemens Energy, Voith GmbH & Co. KGaA, and WEG Group.
A. In terms of revenue, the market size of synchronous condenser market is anticipated to reach $751.0 million by 2030, growing at CAGR of 2.8% from 2021 to 2030.
A. Europe will provide business opportunities for synchronous condenser market during the forecast period. This is attributed to the huge consumer base, increase in construction activities, high demand for uninterrupted and reliable power supply, rapid growth of renewable sector in the region.
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