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Synchronous Condenser Market

Synchronous Condenser - Global Market Outlook (2018-2027)

4.7 (48 reviews)
Published: December 2019 ID: SMRC18819
4.7 (48 reviews)
Published: December 2019 ID: SMRC18819

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Synchronous Condenser Market is accounted for $528.39 million in 2018 and is expected to reach $745.58 million by 2027 growing at a CAGR of 3.9% during the forecast period. Factors such as growing need for Power Factor Correction (PFC) and increasing demand for renewable power generation are driving the market growth. However, high maintenance and equipment cost may act as negative element for the market. Moreover, converting the existing synchronous generators into synchronous condensers and expanding High-Voltage Direct Current (HVDC) network are creating lucrative opportunities across the globe.

Synchronous condenser is also termed as synchronous compensator. This device is commonly used to control the grid voltage. In addition, it also adjusts conditions on the electric power transmission grid. The field of the synchronous machine is normally composed by a voltage regulator in order to either produce or absorb reactive power which is needed to adjust the grid's voltage or to enhance power factor. The synchronous condenser systems deliver an incredibly reliable and effective solution to address receptive compensation and voltage sustenance necessities. In addition, it also provides an optimized solution for cost to the transmission operators as well as performance and operational flexibility.

Based on cooling type, Hydrogen Cooled synchronous condenser is going to have a lucrative growth due to the widespread adoption of large-sized synchronous condensers between 100 Mega Volt Amps (reactive) (MVAr) and 300 MVAr capacity. Hydrogen cooling is an efficient option for synchronous condensers of these capacities. By geography, North America is estimated to have a huge demand in the forecast period. The market in the region is anticipated to expand in the near future due to factors such as installation of new power plants in the U.S. and increasing use of synchronous condensers in the existing power plants in the country.

Some of the key players in Global Synchronous Condenser market include General Electric, Siemens AG., Sustainable Power Systems, Eaton Corporation Plc, ABB Ltd, Ideal Electric (Hyundai Ideal Electric Co.), Fuji Electric, Voith GmbH, Power Systems & Controls, WEG Electric Corp, Ansaldo Energia, Electromechanical Engineering Associates Inc., Toshiba Corporation, Hyundai Ideal Electric Co., Brush Group, and Mistubishi Electric Corporation.

Types Covered:
• Refurbished Synchronous Condenser
• New Synchronous Condenser

Starting Methods Covered:
• Pony Motor
• Static Frequency Converter
• Other Starting Methods

Cooling Types Covered:
• Water Cooled 
• Hydrogen Cooled
• Air Cooled 
• Other Cooling Types

Components Covered:
• Cooling System
• Stator
• Exciter
• Rotor With Solid Integral Pole Tips
• Other Components

Reactive Power Rating (MVAr) Covered:
• Less than 50 MVAR
• 50 to 80 MVAR
• 80 to 100 MVAR
• 100 to 150 MVAR
• 150 to 200 MVAR
• Above 200 MVAR

Applications Covered:
• Wind Power
• Hydropower
• Other Applications

End Users Covered:
• Utility Power Generation
• Commercial
• Bio Gas  
• Water Treatment  
• Automobile 
• Oil & Gas
• Industries
• Electrical Utilities
• Marine
• Metal & Mining
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.

1 Executive Summary     
       
2 Preface 
    
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis   
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Futuristic Market Scenario   
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Synchronous Condenser Market, By Type  
 5.1 Introduction    
 5.2 Refurbished Synchronous Condenser  
 5.3 New Synchronous Condenser   
       
6 Global Synchronous Condenser Market, By Starting Method 
 6.1 Introduction    
 6.2 Pony Motor    
 6.3 Static Frequency Converter   
 6.4 Other Starting Methods   
  6.4.1 Damper Windings   
  6.4.2 Direct Online   
       
7 Global Synchronous Condenser Market, By Cooling Type 
 7.1 Introduction    
 7.2 Water Cooled     
 7.3 Hydrogen Cooled    
 7.4 Air Cooled     
 7.5 Other Cooling Types   
       
8 Global Synchronous Condenser Market, By Component 
 8.1 Introduction    
 8.2 Cooling System    
 8.3 Stator     
 8.4 Exciter     
 8.5 Rotor With Solid Integral Pole Tips  
 8.6 Other Components    
       
9 Global Synchronous Condenser Market, By Reactive Power Rating (MVAr)
 9.1 Introduction    
 9.2 Less than 50 MVAR    
 9.3 50 to 80 MVAR    
 9.4 80 to 100 MVAR    
 9.5 100 to 150 MVAR    
 9.6 150 to 200 MVAR    
 9.7 Above 200 MVAR    
       
10 Global Synchronous Condenser Market, By Application 
 10.1 Introduction    
 10.2 Wind Power    
 10.3 Hydropower    
 10.4 Other Applications    
       
11 Global Synchronous Condenser Market, By End User 
 11.1 Introduction    
 11.2 Utility Power Generation   
 11.3 Commercial    
 11.4 Bio Gas       
 11.5 Water Treatment      
 11.6 Automobile     
 11.7 Oil & Gas     
 11.8 Industries    
 11.9 Electrical Utilities    
  11.9.1 Solar Farms   
  11.9.2 Wind Farms   
  11.9.3 Electrical Grid   
  11.9.4 High-Voltage Direct Current (HVDC) 
 11.10 Marine     
 11.11 Metal & Mining    
 11.12 Other End Users    
       
12 Global Synchronous Condenser Market, By Geography 
 12.1 Introduction    
 12.2 North America    
  12.2.1 US    
  12.2.2 Canada    
  12.2.3 Mexico    
 12.3 Europe     
  12.3.1 Germany    
  12.3.2 UK    
  12.3.3 Italy    
  12.3.4 France    
  12.3.5 Spain    
  12.3.6 Rest of Europe   
 12.4 Asia Pacific    
  12.4.1 Japan    
  12.4.2 China    
  12.4.3 India    
  12.4.4 Australia    
  12.4.5 New Zealand   
  12.4.6 South Korea   
  12.4.7 Rest of Asia Pacific   
 12.5 South America    
  12.5.1 Argentina   
  12.5.2 Brazil    
  12.5.3 Chile    
  12.5.4 Rest of South America  
 12.6 Middle East & Africa   
  12.6.1 Saudi Arabia   
  12.6.2 UAE    
  12.6.3 Qatar    
  12.6.4 South Africa   
  12.6.5 Rest of Middle East & Africa  
       
13 Key Developments     
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
 13.2 Acquisitions & Mergers   
 13.3 New Product Launch   
 13.4 Expansions    
 13.5 Other Key Strategies   
       
14 Company Profiling     
 14.1 General Electric    
 14.2 Siemens AG.    
 14.3 Sustainable Power Systems   
 14.4 Eaton Corporation Plc   
 14.5 ABB Ltd     
 14.6 Ideal Electric (Hyundai Ideal Electric Co.)  
 14.7 Fuji Electric    
 14.8 Voith GmbH,    
 14.9 Power Systems & Controls   
 14.10 WEG Electric Corp    
 14.11 Ansaldo Energia    
 14.12 Electromechanical Engineering Associates Inc. 
 14.13 Toshiba Corporation   
 14.14 Hyundai Ideal Electric Co.   
 14.15 Brush Group    
 14.16 Mistubishi Electric Corporatioin  


List of Tables      
1 Global Synchronous Condenser Market Outlook, By Region (2017-2027) (US $MN) 
2 Global Synchronous Condenser Market Outlook, By Type (2017-2027) (US $MN) 
3 Global Synchronous Condenser Market Outlook, By Refurbished Synchronous Condenser (2017-2027) (US $MN) 
4 Global Synchronous Condenser Market Outlook, By New Synchronous Condenser (2017-2027) (US $MN) 
5 Global Synchronous Condenser Market Outlook, By Starting Method (2017-2027) (US $MN) 
6 Global Synchronous Condenser Market Outlook, By Pony Motor (2017-2027) (US $MN) 
7 Global Synchronous Condenser Market Outlook, By Static Frequency Converter (2017-2027) (US $MN) 
8 Global Synchronous Condenser Market Outlook, By Other Starting Methods (2017-2027) (US $MN) 
9 Global Synchronous Condenser Market Outlook, By Damper Windings (2017-2027) (US $MN) 
10 Global Synchronous Condenser Market Outlook, By Direct Online (2017-2027) (US $MN) 
11 Global Synchronous Condenser Market Outlook, By Cooling Type (2017-2027) (US $MN) 
12 Global Synchronous Condenser Market Outlook, By Water Cooled  (2017-2027) (US $MN) 
13 Global Synchronous Condenser Market Outlook, By Hydrogen Cooled (2017-2027) (US $MN) 
14 Global Synchronous Condenser Market Outlook, By Air Cooled  (2017-2027) (US $MN) 
15 Global Synchronous Condenser Market Outlook, By Other Cooling Types (2017-2027) (US $MN) 
16 Global Synchronous Condenser Market Outlook, By Component (2017-2027) (US $MN) 
17 Global Synchronous Condenser Market Outlook, By Cooling System (2017-2027) (US $MN) 
18 Global Synchronous Condenser Market Outlook, By Stator (2017-2027) (US $MN) 
19 Global Synchronous Condenser Market Outlook, By Exciter (2017-2027) (US $MN) 
20 Global Synchronous Condenser Market Outlook, By Rotor With Solid Integral Pole Tips (2017-2027) (US $MN) 
21 Global Synchronous Condenser Market Outlook, By Other Components (2017-2027) (US $MN) 
22 Global Synchronous Condenser Market Outlook, By Reactive Power Rating (MVAr) (2017-2027) (US $MN) 
23 Global Synchronous Condenser Market Outlook, By Less than 50 MVAR (2017-2027) (US $MN) 
24 Global Synchronous Condenser Market Outlook, By 50 to 80 MVAR (2017-2027) (US $MN) 
25 Global Synchronous Condenser Market Outlook, By 80 to 100 MVAR (2017-2027) (US $MN) 
26 Global Synchronous Condenser Market Outlook, By 100 to 150 MVAR (2017-2027) (US $MN) 
27 Global Synchronous Condenser Market Outlook, By 150 to 200 MVAR (2017-2027) (US $MN) 
28 Global Synchronous Condenser Market Outlook, By Above 200 MVAR (2017-2027) (US $MN) 
29 Global Synchronous Condenser Market Outlook, By Application (2017-2027) (US $MN) 
30 Global Synchronous Condenser Market Outlook, By Wind Power (2017-2027) (US $MN) 
31 Global Synchronous Condenser Market Outlook, By Hydropower (2017-2027) (US $MN) 
32 Global Synchronous Condenser Market Outlook, By Other Applications (2017-2027) (US $MN) 
33 Global Synchronous Condenser Market Outlook, By End User (2017-2027) (US $MN) 
34 Global Synchronous Condenser Market Outlook, By Utility Power Generation (2017-2027) (US $MN) 
35 Global Synchronous Condenser Market Outlook, By Commercial (2017-2027) (US $MN) 
36 Global Synchronous Condenser Market Outlook, By Bio Gas   (2017-2027) (US $MN) 
37 Global Synchronous Condenser Market Outlook, By Water Treatment   (2017-2027) (US $MN) 
38 Global Synchronous Condenser Market Outlook, By Automobile  (2017-2027) (US $MN) 
39 Global Synchronous Condenser Market Outlook, By Oil & Gas (2017-2027) (US $MN) 
40 Global Synchronous Condenser Market Outlook, By Industries (2017-2027) (US $MN) 
41 Global Synchronous Condenser Market Outlook, By Electrical Utilities (2017-2027) (US $MN) 
42 Global Synchronous Condenser Market Outlook, By Solar Farms (2017-2027) (US $MN) 
43 Global Synchronous Condenser Market Outlook, By Wind Farms (2017-2027) (US $MN) 
44 Global Synchronous Condenser Market Outlook, By Electrical Grid (2017-2027) (US $MN) 
45 Global Synchronous Condenser Market Outlook, By High-Voltage Direct Current (HVDC) (2017-2027) (US $MN) 
46 Global Synchronous Condenser Market Outlook, By Marine (2017-2027) (US $MN) 
47 Global Synchronous Condenser Market Outlook, By Metal & Mining (2017-2027) (US $MN) 
48 Global Synchronous Condenser Market Outlook, By Other End Users (2017-2027) (US $MN) 
       
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above. 

 

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