Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water), Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, Above 200 MVAr), Type, Starting Method (Static Frequency Converter, Pony Motor), End-User, and Region - Global Forecast to 2024

Date: August 23, 2019
Pages: 122
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US$ 5,650.00
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Publisher: MarketsandMarkets
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: S3DE7A69F63EN
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Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water), Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, Above 200 MVAr), Type, Starting Method (Static Frequency Converter, Pony Motor), End-User, and Region - Global Forecast to 2024
The synchronous condenser market is expected to reach USD 606 million by 2021, at a CAGR of 2.0% from 2019 to 2024

The global synchronous condenser market is projected to reach USD 606 million by 2024 from an estimated USD 549 million in 2019, at a CAGR of 2.0% during the forecast period. The increasing electrical power consumption and rising need to maximize transmission capacity are becoming increasingly important. Along with this, growing renewable-based power generation in the energy mix, retiring conventional power plants, and growing network of High-Voltage Direct Current (HVDC) has had a considerable effect on transmission grid stability. Synchronous condensers play a vital role by generating lagging and leading reactive power, helping to stabilize the transmission grid. It also offers several advantages over other substitutes such as no harmonics, short-circuits power capability, and inertia to the transmission grid among others.

Synchronous condensers rated above 200 MVAr dominate the global market

The above 200 MVAr segment of synchronous condensers is expected to be the largest market, by reactive power rating, during the forecast period. This growth is evident owing to rising installations of synchronous condensers rated above 200 MVAr, especially in North America and Europe.

“Hydrogen-cooled synchronous condensers dominate the global market “

The hydrogen-cooled synchronous condenser is estimated to be the fastest-growing during the forecast period. This growth is attributed to the adoption and efficiency of large-sized synchronous condensers for a reactive power rating of above 200 Mega Volt Amps (reactive) (MVAr).

“North America to lead the global synchronous condensers market in terms of growth rate.”

The synchronous condensers market in North America is projected to grow at the fastest rate during the forecast period. The gradual phasing out of thermal power plants and increasing renewable power generation are driving the synchronous condensers market in the region.

Besides North America, Europe was one of the largest markets for synchronous condensers. The demand for synchronous condensers in Europe is mainly driven by rising HVDC network in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
  • By Company Type: Tier I–60%, Tier II–20%, and Tier III–20%
  • By Designation: C-Level–55%, Director Level–30%, and Others–15%
  • By Region: North America- 40%, Europe- 30%, South America- 15%, Rest of the World- 15%
Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017; Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3:
The global synchronous condenser market is dominated by a few major players that have a wide regional presence. The leading players in the synchronous condenser market are Siemens AG (Germany), General Electric Company (U.S.), Eaton Corporation (Ireland), ABB Ltd. (Switzerland), and Voith GmbH (Germany).

Research Coverage:

The report defines, describes, and forecasts the global synchronous condenser market, by type, material, cooling type, reactive power rating, starting method, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the synchronous condenser market.
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.3 MARKET SCOPE
  1.3.1 MARKET SEGMENTATION
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 MARKET SIZE ESTIMATION
  2.1.1 DEMAND-SIDE ANALYSIS
    2.1.1.1 Assumptions
  2.1.2 SUPPLY-SIDE ANALYSIS
    2.1.2.1 Assumptions
    2.1.2.2 Calculation
  2.1.3 FORECAST
2.2 SOME OF THE INSIGHTS OF INDUSTRY EXPERTS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES IN THE SYNCHRONOUS CONDENSER MARKET
4.2 SYNCHRONOUS CONDENSER MARKET, BY REGION
4.3 SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE
4.4 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD
4.5 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR)
4.6 SYNCHRONOUS CONDENSER MARKET, BY END-USER
4.7 SYNCHRONOUS CONDENSER MARKET, BY TYPE

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
  5.2.1 DRIVERS
    5.2.1.1 Increasing demand for renewable power generation
    5.2.1.2 Growing need for Power Factor Correction (PFC)
  5.2.2 RESTRAINTS
    5.2.2.1 High maintenance and equipment cost
  5.2.3 OPPORTUNITIES
    5.2.3.1 Converting the existing synchronous generators into synchronous condensers
    5.2.3.2 Expanding High-Voltage Direct Current (HVDC) network
  5.2.4 CHALLENGES
    5.2.4.1 Availability of low-cost alternatives

6 SYNCHRONOUS CONDENSER MARKET, BY TYPE

6.1 INTRODUCTION
6.2 NEW SYNCHRONOUS CONDENSER
  6.2.1 EXPANSION OF HVDC NETWORK IS LIKELY TO GENERATE DEMAND FOR
THE NEW SYNCHRONOUS CONDENSER SEGMENT
6.3 REFURBISHED SYNCHRONOUS CONDENSER
  6.3.1 GROWING USAGE OF RENEWABLE POWER GENERATION IS LIKELY TO FOSTER THE REFURBISHED SYNCHRONOUS CONDENSER MARKET

7 SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE

7.1 INTRODUCTION
7.2 HYDROGEN-COOLED
  7.2.1 HIGH THERMAL CONDUCTIVITY OF HYDROGEN-COOLED SYNCHRONOUS CONDENSERS IS EXPECTED TO FOSTER THEIR DEMAND
7.3 AIR-COOLED
  7.3.1 IMPROVED COOLING FEATURE OF AIR-COOLED SYNCHRONOUS CONDENSERS USING AIR CIRCULATION IS LIKELY TO FUEL THE SYNCHRONOUS CONDENSER MARKET
7.4 WATER-COOLED
  7.4.1 COST EFFICIENCY OF WATER-COOLED SYNCHRONOUS CONDENSERS OVER THEIR HYDROGEN-COOLED COUNTERPART IS LIKELY TO FOSTER THEIR DEMAND IN THE MARKET

8 SYNCHRONOUS MARKET, BY STARTING METHOD

8.1 INTRODUCTION
8.2 STATIC FREQUENCY CONVERTER
  8.2.1 LOW INSTALLATION COST AND LOW NOISE FEATURES ARE EXPECTED TO BOOST THE DEMAND FOR STATIC FREQUENCY CONVERTERS
8.3 PONY MOTOR
  8.3.1 LOW COST OF PONY MOTORS IS LIKELY TO FOSTER THEIR DEMAND IN THE SYNCHRONOUS CONDENSER MARKET
8.4 OTHERS

9 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR)

9.1 INTRODUCTION
9.2 UP TO 100 MVAR SYNCHRONOUS CONDENSER
  9.2.1 GROWING USAGE OF AIR- & WATER-COOLED SYNCHRONOUS CONDENSERS IS EXPECTED TO FOSTER THE DEMAND OF UP TO 100 MVAR SYNCHRONOUS CONDENSERS
9.3 100–200 MVAR SYNCHRONOUS CONDENSER
  9.3.1 USAGE OF 100–200 MVAR SYNCHRONOUS CONDENSERS FOR TRANSMISSION SYSTEM STABILITY IS LIKELY TO FOSTER THEIR DEMAND
9.4 ABOVE 200 MVAR SYNCHRONOUS CONDENSER
  9.4.1 GROWING USAGE OF HYDROGEN-COOLED SYNCHRONOUS CONDENSERS IS EXPECTED TO BOOST ITS DEMAND

10 SYNCHRONOUS CONDENSER MARKET, BY END-USER

10.1 INTRODUCTION
10.2 ELECTRICAL UTILITIES
  10.2.1 DEMAND FOR GRID STABILITY AND CONTROLLING VOLTAGE FLUCTUATIONS IS EXPECTED TO DRIVE THE MARKET
10.3 INDUSTRIES
  10.3.1 REQUIREMENT FOR INDUSTRIAL LOADS’ POWER FACTOR CORRECTION IS LIKELY TO DRIVE THE MARKET

11 SYNCHRONOUS CONDENSER MARKET, BY REGION

11.1 INTRODUCTION
11.2 NORTH AMERICA
  11.2.1 US
    11.2.1.1 Mercury and Air Toxics Standards’ (MATS) compliance and growing demand for renewables in the country are expected to increase the demand for the US synchronous condenser market
  11.2.2 CANADA
    11.2.2.1 Increasing investments in the renewable power generation are likely to drive the demand for the Canadian synchronous condenser market
11.3 EUROPE
  11.3.1 ITALY
    11.3.1.1 Integrating renewable sources in the grid systems is expected to increase the demand for the Italian synchronous condenser market
  11.3.2 GERMANY
    11.3.2.1 Government initiatives to replace fossil fuels and nuclear power generation with renewables is likely to boost the demand
  11.3.3 NORWAY
    11.3.3.1 Increasing investments in HVDC network are likely to drive the demand
  11.3.4 REST OF EUROPE
11.4 SOUTH AMERICA
  11.4.1 BRAZIL
    11.4.1.1 Increasing demand for power factor correction equipment is likely to drive the Brazilian synchronous condenser market
  11.4.2 REST OF SOUTH AMERICA
11.5 REST OF THE WORLD (ROW)
  11.5.1 AUSTRALIA
  11.5.2 OTHERS

12 COMPETITIVE LANDSCAPE

12.1 OVERVIEW
12.2 COMPETITIVE LEADERSHIP MAPPING, 2018
  12.2.1 VISIONARY LEADERS
  12.2.2 INNOVATORS
  12.2.3 DYNAMIC
  12.2.4 EMERGING
12.3 MARKET SHARE ANALYSIS, 2018
12.4 COMPETITIVE SCENARIO
  12.4.1 CONTRACTS & AGREEMENTS
  12.4.2 MERGERS & ACQUISITIONS
  12.4.3 COLLABORATIONS

13 COMPANY PROFILES

(Business overview, Products offered, Recent Developments, MNM view)*
13.1 ABB
13.2 SIEMENS
13.3 WEG
13.4 VOITH GROUP
13.5 FUJI ELECTRIC
13.6 GE
13.7 EATON
13.8 IDEAL ELECTRIC (HYUNDAI IDEAL ELECTRIC CO.)
13.9 SUSTAINABLE POWER SYSTEMS
13.10 ELECTROMECHANICAL ENGINEERING ASSOCIATES
13.11 POWER SYSTEMS & CONTROLS
13.12 ANSALDO ENERGIA
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

14 APPENDIX

14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS

LIST OF TABLES

TABLE 1 NUMBER OF UNITS INSTALLED AND PROJECT INVESTMENTS ARE THE DETERMINING FACTORS FOR THE GLOBAL SYNCHRONOUS CONDENSER MARKET
TABLE 2 SYNCHRONOUS CONDENSER MARKET SNAPSHOT
TABLE 3 COMPARISON BETWEEN SYNCHRONOUS CONDENSER AND ITS ALTERNATIVES
TABLE 4 SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
TABLE 5 NEW: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 6 REFURBISHED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 7 SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD MILLION)
TABLE 8 HYDROGEN-COOLED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 9 AIR-COOLED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 10 WATER-COOLED: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 11 SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2017–2024 (USD MILLION)
TABLE 12 STATIC FREQUENCY CONVERTER: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 13 PONY MOTOR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD THOUSAND)
TABLE 14 OTHERS: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD THOUSAND)
TABLE 15 SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD MILLION)
TABLE 16 SYNCHRONOUS CONDENSER MARKET SIZE, BY INERTIA REQUIREMENT, 2017–2024 (USD MILLION)
TABLE 17 UP TO 100 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD THOUSAND)
TABLE 18 100–200 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD THOUSAND)
TABLE 19 ABOVE 200 MVAR: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD THOUSAND)
TABLE 20 SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
TABLE 21 ELECTRICAL UTILITIES: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 22 INDUSTRIES: SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD THOUSAND)
TABLE 23 SYNCHRONOUS CONDENSER MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
TABLE 24 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD MILLION)
TABLE 25 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2017–2024 (USD THOUSAND)
TABLE 26 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
TABLE 27 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD MILLION)
TABLE 28 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
TABLE 29 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 30 US: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD MILLION)
TABLE 31 US: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD MILLION)
TABLE 32 CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD THOUSAND)
TABLE 33 CANADA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD MILLION)
TABLE 34 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD MILLION)
TABLE 35 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2017–2024 (USD MILLION)
TABLE 36 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2017–2024 (USD MILLION)
TABLE 37 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD MILLION)
TABLE 38 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
TABLE 39 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
TABLE 40 ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD THOUSAND)
TABLE 41 ITALY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD MILLION)
TABLE 42 GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD MILLION)
TABLE 43 GERMANY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD MILLION)
TABLE 44 NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD MILLION)
TABLE 45 NORWAY: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD THOUSAND)
TABLE 46 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD MILLION)
TABLE 47 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD MILLION)
TABLE 48 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD THOUSAND)
TABLE 49 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2017–2024 (USD THOUSAND)
TABLE 50 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
TABLE 51 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD THOUSAND)
TABLE 52 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
TABLE 53 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2017–2024 (USD THOUSAND)
TABLE 54 BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD THOUSAND)
TABLE 55 BRAZIL: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD THOUSAND)
TABLE 56 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD THOUSAND)
TABLE 57 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD THOUSAND)
TABLE 58 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD THOUSAND)
TABLE 59 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY STARTING METHOD, 2017–2024 (USD THOUSAND)
TABLE 60 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY END-USER, 2017–2024 (USD THOUSAND)
TABLE 61 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD THOUSAND)
TABLE 62 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY TYPE, 2017–2024 (USD THOUSAND)
TABLE 63 REST OF THE WORLD: SYNCHRONOUS CONDENSER MARKET SIZE, BY COUNTRY, 2017–2024 (USD THOUSAND)
TABLE 64 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD THOUSAND)
TABLE 65 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD THOUSAND)
TABLE 66 OTHERS: SYNCHRONOUS CONDENSER MARKET SIZE, BY COOLING TYPE, 2017–2024 (USD THOUSAND)
TABLE 67 OTHERS: SYNCHRONOUS CONDENSER MARKET SIZE, BY REACTIVE POWER RATING (MVAR), 2017–2024 (USD THOUSAND)
TABLE 68 DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, 2016–2019

LIST OF FIGURES

FIGURE 1 HYDROGEN-COOLED SEGMENT IS EXPECTED TO LEAD THE SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, DURING THE FORECAST PERIOD
FIGURE 2 STATIC FREQUENCY CONVERTER SEGMENT IS EXPECTED TO LEAD THE SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, DURING THE FORECAST PERIOD
FIGURE 3 ABOVE 200 MVAR SEGMENT IS EXPECTED TO LEAD THE SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR), DURING THE FORECAST PERIOD
FIGURE 4 ELECTRICAL UTILITIES SEGMENT IS EXPECTED TO LEAD THE SYNCHRONOUS CONDENSER MARKET, BY END-USER, DURING THE FORECAST PERIOD
FIGURE 5 NEW SYNCHRONOUS CONDENSER SEGMENT IS EXPECTED TO LEAD THE SYNCHRONOUS CONDENSER MARKET, BY TYPE, DURING THE FORECAST PERIOD
FIGURE 6 NORTH AMERICA IS EXPECTED TO DOMINATE THE SYNCHRONOUS CONDENSER MARKET, BY REGION, IN TERMS OF CAGR (2019–2024)
FIGURE 7 GOVERNMENT INITIATIVES TO REPLACE FOSSIL FUELS & NUCLEAR POWER GENERATION CAPACITY WITH RENEWABLES AND GROWING NEED FOR POWER FACTOR CORRECTION ARE EXPECTED TO DRIVE THE SYNCHRONOUS CONDENSER MARKET, 2019–2024
FIGURE 8 NORTH AMERICAN SYNCHRONOUS CONDENSER MARKET, BY REGION, IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 9 HYDROGEN-COOLED SEGMENT DOMINATED THE SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, IN 2018
FIGURE 10 STATIC FREQUENCY CONVERTER SEGMENT DOMINATED THE SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, IN 2018
FIGURE 11 NEW SYNCHRONOUS CONDENSER SEGMENT DOMINATED THE SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING (MVAR), IN 2018
FIGURE 12 ELECTRICAL UTILITIES SEGMENT DOMINATED THE SYNCHRONOUS CONDENSER MARKET, BY END-USER, IN 2018
FIGURE 13 NEW SYNCHRONOUS CONDENSER SEGMENT DOMINATED THE SYNCHRONOUS CONDENSER MARKET, BY TYPE, IN 2018
FIGURE 14 SYNCHRONOUS CONDENSER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 15 ELECTRICITY MIX (TWH), OECD, 2018
FIGURE 16 NEW SYNCHRONOUS CONDENSER SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2018
FIGURE 17 HYDROGEN-COOLED SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2018
FIGURE 18 STATIC FREQUENCY CONVERTER SEGMENT ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2018
FIGURE 19 ABOVE 200 MVAR SYNCHRONOUS CONDENSER SEGMENT ACCOUNTED FOR
THE LARGEST MARKET SHARE IN 2018
FIGURE 20 ELECTRICAL UTILITIES SEGMENT ACCOUNTED FOR THE LARGEST MARKET
SHARE IN 2018
FIGURE 21 REGIONAL SNAPSHOT: NORTH AMERICAN SYNCHRONOUS CONDENSER MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 22 SYNCHRONOUS CONDENSER MARKET SHARE (VALUE), BY REGION, 2018
FIGURE 23 NORTH AMERICA: REGIONAL SNAPSHOT
FIGURE 24 EUROPE: REGIONAL SNAPSHOT
FIGURE 25 KEY DEVELOPMENTS IN THE SYNCHRONOUS CONDENSER MARKET, 2016–2019
FIGURE 26 SYNCHRONOUS CONDENSER MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2018
FIGURE 27 MARKET SHARE ANALYSIS, 2018
FIGURE 28 ABB: COMPANY SNAPSHOT
FIGURE 29 SIEMENS: COMPANY SNAPSHOT
FIGURE 30 WEG: COMPANY SNAPSHOT
FIGURE 31 VOITH GROUP: COMPANY SNAPSHOT
FIGURE 32 FUJI ELECTRIC: COMPANY SNAPSHOT
FIGURE 33 GE: COMPANY SNAPSHOT
FIGURE 34 EATON: COMPANY SNAPSHOT
FIGURE 35 ANSALDO ENERGIA: COMPANY SNAPSHOT
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Synchronous Condenser Market by Cooling Type (Hydrogen, Air, Water), Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, Above 200 MVAr), Type, Starting Method (Static Frequency Converter, Pony Motor), End-User, and Region - Global Forecast to 2024
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