Global Synchronous Condenser Market Growth 2023-2029

Global Synchronous Condenser Market Growth 2023-2029

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’s installation and operation are identical to large electric motors and generators.
LPI (LP Information)' newest research report, the “Synchronous Condenser Industry Forecast” looks at past sales and reviews total world Synchronous Condenser sales in 2022, providing a comprehensive analysis by region and market sector of projected Synchronous Condenser sales for 2023 through 2029. With Synchronous Condenser sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synchronous Condenser industry.
This Insight Report provides a comprehensive analysis of the global 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 Synchronous Condenser portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synchronous Condenser market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Synchronous Condenser.
The global Synchronous Condenser market size is projected to grow from US$ 165.5 million in 2022 to US$ 214 million in 2029; it is expected to grow at a CAGR of 214 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Synchronous Condenser market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
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?
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.