Global Synchronous Condenser System Market Growth 2023-2029

Global Synchronous Condenser System Market Growth 2023-2029

A synchronous condenser (also called a synchronous capacitor or synchronous compensator) is a DC-excited synchronous machine (large rotating generators) whose shaft is not attached to any driving equipment.

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

This Insight Report provides a comprehensive analysis of the global Synchronous Condenser System 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 System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synchronous Condenser System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synchronous Condenser System 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 System.

The global Synchronous Condenser System 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 Synchronous Condenser System 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 Synchronous Condenser System 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 Synchronous Condenser System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Synchronous Condenser System players cover Siemens, GE, Voith, WEG, ABB, Hitachi Energy, Eaton, Mitsubishi Electric and Ansaldo Energia, 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 Synchronous Condenser System 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
Industry
Infrastructure & Utilities
Renewables
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
ABB
Hitachi Energy
Eaton
Mitsubishi Electric
Ansaldo Energia
BRUSH Group
ANDRITZ Hydro
IDEAL ELECTRIC
Shanghai Electric
Dongfang Electric
Harbin Electric

Key Questions Addressed in this Report

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

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

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

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

How does Synchronous Condenser System 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.