Global Industrial Synchronous Condenser Market Growth 2023-2029

Global Industrial Synchronous Condenser Market Growth 2023-2029

In electrical engineering, a synchronous condenser is a DC-excited 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.

LPI (LP Information)' newest research report, the “Industrial Synchronous Condenser Industry Forecast” looks at past sales and reviews total world Industrial Synchronous Condenser sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Synchronous Condenser sales for 2023 through 2029. With Industrial Synchronous Condenser sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Synchronous Condenser industry.

This Insight Report provides a comprehensive analysis of the global Industrial Synchronous Condenser landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Synchronous Condenser portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Synchronous Condenser market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Synchronous Condenser and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Synchronous Condenser.

The global Industrial Synchronous Condenser market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Industrial Synchronous Condenser is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Industrial Synchronous Condenser is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Industrial Synchronous Condenser is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Industrial Synchronous Condenser players cover ABB, Siemens Energy, GE, Eaton, Voith Group, Fuji Electric, WEG, BRUSH Group and ANDRITZ, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Synchronous Condenser market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Up to 100 MVAr
101–200 MVAr
Above 200 MVAr

Segmentation by application
Electrical Utilities
Industrial Sector
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.
ABB
Siemens Energy
GE
Eaton
Voith Group
Fuji Electric
WEG
BRUSH Group
ANDRITZ
Ansaldo Energia
Mitsubishi Heavy Industries
BHEL
Ideal Electric Power Co
Power Systems & Controls
Electromechanical Engineering Associates
Anhui Zhongdian (ZDDQ) Electric Co
Shanghai Electric
Ingeteam
Doosan Škoda Power
Hangzhou Jingcheng Electrical Equipment

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Synchronous Condenser market?

What factors are driving Industrial Synchronous Condenser market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Synchronous Condenser market opportunities vary by end market size?

How does Industrial Synchronous Condenser break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.