Synchronous Condenser Market Research Report - Global Forecast till 2027

Synchronous Condenser Market Research Report: Information by Cooling Type (Hydrogen, Air and Water), Reactive Power Rating (Up to 100 MVAr, Between 100MVAr–200 MVAr and Above 200 MVAr), Type (New and Refurbished), Starting Method (Static Frequency Converter, Pony Motor and others), End Use (Electric Utilities and Industries) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/E&P/2291-CR | October, 2020 | Region : Global

Synchronous Condenser Market Overview:


Synchronous Condenser Market is expected to grow at a CAGR of more than 4.64% during the forecast period.


The report on Global Synchronous Condenser Market provides cutting-edge competition to the market. The report includes market intelligence and helps the decision-makers by providing the best possible outcomes. The synchronous condenser Market Size report also identifies the emerging trends and the major drivers of the market. It also includes the challenges and opportunities in the market. Along with this, the market provides an insight value on market expanding nature and technological innovations.


The synchronous condenser market size provides multiple strategies to the key players by providing them the entry-level strategies. The research report that is prepared by the analysis contains the market value for the years 2021 to 2025. The report is equipped with most upcoming industries' information on the current market situation and future outlook. This report is beneficial for multiple industry major key players to plan their business strategies.


The synchronous condenser market size report contains all the things that you want to know regarding the market. Simultaneously, the report also contains the Synchronous Condenser Market's market volume with the latest news and updates. The report also contains the market's current situation with historical data. This includes the present market trends and the factor which is valuable for the market. Synchronous condensers or compensators are used in controlling the grid voltage and adjust settings on the electric grid. It is beneficial for providing or absorbing reactive power. 


Competitive Landscape


The competitive or prominent players of the Global Synchronous Condenser Market include Eaton (Ireland), Siemens (Germany), ABB (Switzerland), Voith Group (Germany), General Electric (US), Sustainable Power Systems, Inc. (the US), Toshiba Corporation (Japan), Electro Mechanical Engineering Associates, Inc. (US), WEG (Brazil), Power Systems & Controls, Inc. (the US), Ideal Electric Company (US), Andritz (Austria) and Ansaldo Energia (Italy).


Other than this, multiple key players of synchronous condenser market analysis offer an immense contribution to the market for generating revenue and market growth. These players hold the responsibility to meet the significant requirements of the users. They consider all the suggestions from the user to make the value growth in the business. These multiple players are working on multiple strategic initiatives to promote the industry's expansion and revenue generation. The synchronous condenser market Value is growing day by day and will reach the expected CAGR because of these multiple key players. 


Covid 19 analysis:


The outbreak of the covid19 virus and offers a bad impact on the industry. The pandemic has hampered the Synchronous Condenser Market. The synchronous condenser Market Sharewas down just like any other sector in the world. The demand for sales was impacted and reduced, which forced the industry to adopt new strategies to develop the market and increase the sales rate. COVID 19 has affected the Synchronous Condenser Market and its demand on a global range. Because of this pandemic, the financial factors of this industry go down. To deal with this, the government authorities proposed multiple business strategies to get back the popularity of this industry. The key players of synchronous condenser Market Share and the government have used advanced strategies to overcome the loss from the pandemic. As a result, now the market is getting back its popularity and revenue. 


Market Dynamics



  • Major Drivers of The Market


The synchronous condenser market share is a piece of essential equipment that utilized transmission power. There are multiple factors that make the growth in this industry are the increasing demand in utilities and applications. Because of the increased renewable power generation, the market has to gain an increased amount of grid complexity.


As there is a growth in renewable energy, the synchronous condenser market is also increasing by supplying additional short circuit power to strengthen the grid. The synchronous condenser market trends are widely used in industries to maintain power quality. These condensers have been implemented in the market for multiple renewable energy projects due to technical advancements. 



  • Market Restraints


The Global Synchronous Condenser Market also has multiple restraints that are responsible for minimizing the revenue of the market. The major challenges faced by the synchronous condenser Market Trends are due to the variability in power generation and by integrating the non-conventional energy. 



  • Market Growth Challenges


The Global Synchronous Condenser Market also faces multiple changes for eliminating the regional boundaries. The synchronous condenser market trends face multiple barriers to reach among the demanding consumers and companies.


In order to overcome this, the industry is looking for more key players of synchronous condenser market growth and investors in different regions. They do so to ensure the quality of service they provide should reach the right audience. The market has faced multiple challenges, but because of the collaborative efforts of key players, the market achieves numerous amounts of success.



  • Significant Opportunities For The Market


The Global Synchronous Condenser Market is widely used for reactive power and to generate a high amount of power. The synchronous condenser industry is usually performed to stabilize the variability and to ensure grid reliability. This is efficient and offers security to maintain the power quality in the grid. According to the T&D World report, electric utilities are expected to invest in this market for USD 351 billion by 2026. The growing demand forsynchronous condenser industry occurs due to the utilities to strengthen the grids. In November 2018, siemens received a contract to design and develop Australia's first synchronous condenser for installing in the solar farm. The increasing renewable power generation leads to an increase in applications of synchronous condensers globally.


Segment Overview


The Global Synchronous Condenser Market is segmented into multiple parts, and further, it is sub-segmented as below. The synchronous condenser market is segmented into multiple forms cooling type, reactive power rating, type, and starting method. The global synchronous condenser market is segmented into the base of cooling type, reactive power rating, type, and starting method. Along with this, the market is segmented into end-users and region-based.


Market segmentation by cooling type


By cooling type, the market is segmented into hydrogen, air, and water.


Market segmentation by reactive power rating


The synchronous condenser market outlook is also segmented into the 100 MVAr, between 100MVAr- 200 MVAr, and above 200 MVA.


Market segmentation based on type


The global market has been segmented into the new and refurbished type. 


Market segmentation based on the starting method


The market is segmented into the starting method that is further sub-segmented into the static frequency converter, pony motor, and others. 


Market segmentation based on end-user


The global synchronous condenser market analysis has been segmented into the end-users and further sub-segmented into the electric utilities and industries.


Regional Analysis


The synchronous condenser market outlook is further segmented into the region basis, and those are Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. Among all these regions, the Asia-Pacific region holds most of the share in the market during the forecast period.


The major synchronous condenser market growth popularization is because of this region. The market is owing to the increasing T&D expenditure and growing grid complexity. After Asia Pacific countries, China is expected to hold the second-largest highest share in the regional market during the forecast period. After that, India, Japan, and Australia hold the share of the market. In India, multiple companies offer synchronous condensers, such as Toshiba Corporation and Fuji Electric Co. Ltd is one of the factors responsible for the growth of the market in this region. Because of these factors, the synchronous condenser market outlook revenue of the Global Synchronous Condenser Market increases.


Research Methodology: 


The synchronous condenser market revenue report for the global synchronous condenser market covers extensive primary research on the market. It provides the market growth and the market CAGR value for a certain period.


The synchronous condenser market value report is analyzed by taking help from experts and considering all the measures. It is accompanied by a detailed analysis of qualitative and quantitive research. The multiple key industry players or expert key analysts measure this report.


They prepare the synchronous condenser market value report to provide greater or deeper insight into the market. This report gives a clear picture of the current market scenario that is included with the multiple historic and forecasted market sizes. The market analysts find out the value and volume of the market by considering the multiple factors.


Along with this, they provide a report on technological advancements and macro, microeconomic values of synchronous condenser market revenue. They also take a view of governing factors of the market. They check the current and past market reports with multiple government reports and charts to analyze the future of the market. The synchronous condenser Market Analysis report is prepared to focus on comprehensive information regarding the strategies and market segmentation on the basis of product type and regions.

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE 18

1.1.2 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 19

1.1.3 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY TYPE 20

1.1.4 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 21

1.1.5 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY END USE 22

1.1.6 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REGION 23

2 MARKET INTRODUCTION

2.1 DEFINITIONS 24

2.2 SCOPE OF THE STUDY 24

2.3 RESEARCH OBJECTIVE 24

2.4 MARKET STRUCTURE 25

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 26

3.2 PRIMARY RESEARCH 27

3.3 SECONDARY RESEARCH 28

3.4 MARKET SIZE ESTIMATION 29

3.5 FORECAST MODEL 30

3.6 LIST OF ASSUMPTIONS 31

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 INTRODUCTION 35

5.2 DRIVERS 36

5.2.1 INCREASING DEMAND IN THE UTILITIES 36

5.2.2 APPLICATIONS IN RENEWABLE ENERGY 36

5.3 RESTRAINTS 37

5.3.1 HIGH INITIAL COSTS 37

5.4 OPPORTUNITIES 38

5.4.1 INCREASE IN USE OF SYNCHRONOUS CONDENSER IN HVDC SYSTEMS 38

6 MARKET FACTOR ANALYSIS

6.1 SUPPLY CHAIN ANALYSIS 39

6.1.1 DESIGN & DEVELOPMENT 40

6.1.2 RAW MATERIAL SUPPLY 40

6.1.3 MANUFACTURE & ASSEMBLY 40

6.1.4 SUPPLY & DISTRIBUTION 40

6.1.5 END USE 40

6.2 PORTER’S FIVE FORCES MODEL 41

6.2.1 THREAT OF NEW ENTRANTS 41

6.2.2 BARGAINING POWER OF SUPPLIERS 42

6.2.3 BARGAINING POWER OF BUYERS 42

6.2.4 THREAT OF SUBSTITUTES 42

6.2.5 INTENSITY OF RIVALRY 42

7 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE

7.1 OVERVIEW 43

7.2 HYDROGEN 44

7.3 WATER 44

7.4 AIR 44

8 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING

8.1 OVERVIEW 45

8.2 UP TO 100 MVAR 46

8.3 BETWEEN 100 MVAR–200 MVAR 46

8.4 ABOVE 200 MVAR 46

9 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY TYPE

9.1 OVERVIEW 47

9.2 NEW 48

9.3 REFURBISHED 48

10 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD

10.1 OVERVIEW 49

10.2 STATIC FREQUENCY CONVERTER 50

10.3 PONY MOTOR 50

10.4 OTHERS 50

11 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY END USE

11.1 OVERVIEW 51

11.2 ELECTRIC UTILITIES 52

11.3 INDUSTRIES 52

12 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REGION

12.1 OVERVIEW 53

12.2 NORTH AMERICA 55

12.2.1 US 57

12.2.2 CANADA 59

12.2.3 MEXICO 61

12.3 EUROPE 63

12.3.1 UK 65

12.3.2 GERMANY 67

12.3.3 ITALY 69

12.3.4 REST OF EUROPE 71

12.4 ASIA-PACIFIC 73

12.4.1 CHINA 75

12.4.2 INDIA 77

12.4.3 AUSTRALIA 78

12.4.4 REST OF ASIA-PACIFIC 80

12.5 MIDDLE EAST & AFRICA 83

12.5.1 SAUDI ARABIA 85

12.5.2 QATAR 87

12.5.3 SOUTH AFRICA 89

12.5.4 REST OF MIDDLE EAST & AFRICA 91

12.6 SOUTH AMERICA 93

12.6.1 BRAZIL 95

12.6.2 REST OF SOUTH AMERICA 96

13 COMPETITIVE LANDSCAPE

13.1 COMPETITIVE OVERVIEW 99

13.2 COMPETITIVE BENCHMARKING 100

13.3 MARKET SHARE ANALYSIS 101

14 COMPANY PROFILES

14.1 SIEMENS 102

14.1.1 COMPANY OVERVIEW 102

14.1.2 FINANCIAL OVERVIEW 102

14.1.3 PRODUCTS OFFERED 103

14.1.4 KEY DEVELOPMENTS 103

14.1.5 SWOT ANALYSIS 104

14.1.6 KEY STRATEGIES 104

14.2 EATON 105

14.2.1 COMPANY OVERVIEW 105

14.2.2 FINANCIAL OVERVIEW 105

14.2.3 PRODUCTS OFFERED 106

14.2.4 KEY DEVELOPMENTS 106

14.2.5 SWOT ANALYSIS 106

14.2.6 KEY STRATEGIES 107

14.3 ABB 108

14.3.1 COMPANY OVERVIEW 108

14.3.2 FINANCIAL OVERVIEW 108

14.3.3 PRODUCTS OFFERED 109

14.3.4 KEY DEVELOPMENTS 109

14.3.5 SWOT ANALYSIS 109

14.3.6 KEY STRATEGIES 110

14.4 GENERAL ELECTRIC 111

14.4.1 COMPANY OVERVIEW 111

14.4.2 FINANCIAL OVERVIEW 111

14.4.3 PRODUCTS OFFERED 112

14.4.4 KEY DEVELOPMENTS 112

14.4.5 SWOT ANALYSIS 112

14.4.6 KEY STRATEGIES 113

14.5 VOITH GROUP 114

14.5.1 COMPANY OVERVIEW 114

14.5.2 FINANCIAL OVERVIEW 114

14.5.3 PRODUCTS OFFERED 115

14.5.4 KEY DEVELOPMENTS 115

14.5.5 SWOT ANALYSIS 116

14.5.6 KEY STRATEGIES 116

14.6 SUSTAINABLE POWER SYSTEMS, INC. 117

14.6.1 COMPANY OVERVIEW 117

14.6.2 FINANCIAL OVERVIEW 117

14.6.3 PRODUCTS OFFERED 117

14.6.4 KEY DEVELOPMENTS 117

14.7 ELECTROMECHANICAL ENGINEERING ASSOCIATES, INC. 118

14.7.1 COMPANY OVERVIEW 118

14.7.2 FINANCIAL OVERVIEW 118

14.7.3 PRODUCTS OFFERED 118

14.7.4 KEY DEVELOPMENTS 118

14.8 TOSHIBA CORPORATION 119

14.8.1 COMPANY OVERVIEW 119

14.8.2 FINANCIAL OVERVIEW 120

14.8.3 PRODUCTS OFFERED 120

14.8.4 KEY DEVELOPMENTS 120

14.9 WEG 121

14.9.1 COMPANY OVERVIEW 121

14.9.2 FINANCIAL OVERVIEW 121

14.9.3 PRODUCTS OFFERED 122

14.9.4 KEY DEVELOPMENTS 122

14.10 IDEAL ELECTRIC COMPANY 123

14.10.1 COMPANY OVERVIEW 123

14.10.2 FINANCIAL OVERVIEW 123

14.10.3 PRODUCTS OFFERED 123

14.10.4 KEY DEVELOPMENTS 123

14.11 POWER SYSTEMS & CONTROLS, INC. 124

14.11.1 COMPANY OVERVIEW 124

14.11.2 FINANCIAL OVERVIEW 124

14.11.3 PRODUCTS OFFERED 124

14.11.4 KEY DEVELOPMENTS 124

14.12 ANSALDO ENERGIA 125

14.12.1 COMPANY OVERVIEW 125

14.12.2 FINANCIAL OVERVIEW 126

14.12.3 PRODUCTS OFFERED 126

14.12.4 KEY DEVELOPMENTS 126

14.13 ANDRITZ 127

14.13.1 COMPANY OVERVIEW 127

14.13.2 FINANCIAL OVERVIEW 128

14.14 PRODUCTS OFFERED 129

14.14.1 KEY DEVELOPMENT 129

15 LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 27

TABLE 2 LIST OF ASSUMPTIONS 31

TABLE 3 GLOBAL SYNCHRONOUS CONDENSER: MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 44

TABLE 4 GLOBAL SYNCHRONOUS CONDENSER: MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 46

TABLE 5 GLOBAL SYNCHRONOUS CONDENSER: MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 48

TABLE 6 GLOBAL SYNCHRONOUS CONDENSER: MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 50

TABLE 7 GLOBAL SYNCHRONOUS CONDENSER: MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 52

TABLE 8 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020–2027 (USD MILLION) 54

TABLE 9 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 55

TABLE 10 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027

(USD MILLION) 55

TABLE 11 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 56

TABLE 12 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 56

TABLE 13 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027

(USD MILLION) 56

TABLE 14 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 57

TABLE 15 US: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 57

TABLE 16 US: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027 (USD MILLION) 58

TABLE 17 US: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 58

TABLE 18 US: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 58

TABLE 19 US: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 59

TABLE 20 CANADA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 59

TABLE 21 CANADA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 60

TABLE 22 CANADA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 60

TABLE 23 CANADA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 60

TABLE 24 CANADA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 61

TABLE 25 MEXICO: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 61

TABLE 26 MEXICO: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 61

TABLE 27 MEXICO: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 62

TABLE 28 MEXICO: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 62

TABLE 29 MEXICO: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 62

TABLE 30 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 63

TABLE 31 EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 63

TABLE 32 EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 64

TABLE 33 EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 64

TABLE 34 EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 64

TABLE 35 EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 65

TABLE 36 UK: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 65

TABLE 37 UK: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027 (USD MILLION) 66

TABLE 38 UK: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 66

TABLE 39 UK: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 66

TABLE 40 UK: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 67

TABLE 41 GERMANY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 67

TABLE 42 GERMANY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 68

TABLE 43 GERMANY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 68

TABLE 44 GERMANY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 68

TABLE 45 GERMANY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 69

TABLE 46 ITALY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 69

TABLE 47 ITALY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 70

TABLE 48 ITALY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 70

TABLE 49 ITALY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 70

TABLE 50 ITALY: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 71

TABLE 51 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027

(USD MILLION) 71

TABLE 52 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 71

TABLE 53 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 72

TABLE 54 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027

(USD MILLION) 72

TABLE 55 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 72

TABLE 56 ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 73

TABLE 57 ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 73

TABLE 58 ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 74

TABLE 59 ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 74

TABLE 60 ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027

(USD MILLION) 74

TABLE 61 ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 75

TABLE 62 CHINA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 75

TABLE 63 CHINA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 75

TABLE 64 CHINA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 76

TABLE 65 CHINA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD,2020–2027 (USD MILLION) 76

TABLE 66 CHINA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 76

TABLE 67 INDIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 77

TABLE 68 INDIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027 (USD MILLION) 77

TABLE 69 INDIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 77

TABLE 70 INDIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 78

TABLE 71 INDIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 78

TABLE 72 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 79

TABLE 73 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 79

TABLE 74 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 79

TABLE 75 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027

(USD MILLION) 80

TABLE 76 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027 (USD MILLION) 80

TABLE 77 REST OF ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE,

2020–2027 (USD MILLION) 80

TABLE 78 REST OF ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 81

TABLE 79 REST OF ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 81

TABLE 80 REST OF ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD,

2020–2027 (USD MILLION) 81

TABLE 81 REST OF ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END USE, 2020–2027

(USD MILLION) 82

TABLE 82 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 83

TABLE 83 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE,

2020–2027 (USD MILLION) 83

TABLE 84 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 84

TABLE 85 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 84

TABLE 86 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD,

2020–2027 (USD MILLION) 84

TABLE 87 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END–USE, 2020–2027

(USD MILLION) 85

TABLE 88 SAUDI ARABIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 85

TABLE 89 SAUDI ARABIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 86

TABLE 90 SAUDI ARABIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 86

TABLE 91 SAUDI ARABIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027

(USD MILLION) 86

TABLE 92 SAUDI ARABIA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END–USE, 2020–2027 (USD MILLION) 87

TABLE 93 QATAR: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 87

TABLE 94 QATAR: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 88

TABLE 95 QATAR: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 88

TABLE 96 QATAR: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 88

TABLE 97 QATAR: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END–USE, 2020–2027 (USD MILLION) 89

TABLE 98 SOUTH AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 89

TABLE 99 SOUTH AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 90

TABLE 100 SOUTH AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 90

TABLE 101 SOUTH AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027

(USD MILLION) 90

TABLE 102 SOUTH AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END–USE, 2020–2027 (USD MILLION) 91

TABLE 103 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE,

2020–2027 (USD MILLION) 91

TABLE 104 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027 (USD MILLION) 91

TABLE 105 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE,

2020–2027 (USD MILLION) 92

TABLE 106 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD,

2020–2027 (USD MILLION) 92

TABLE 107 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END–USE,

2020–2027 (USD MILLION) 92

TABLE 108 SOUTH AMERICA: GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 93

TABLE 109 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027

(USD MILLION) 93

TABLE 110 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 93

TABLE 111 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 94

TABLE 112 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027

(USD MILLION) 94

TABLE 113 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END–USE, 2020–2027 (USD MILLION) 94

TABLE 114 BRAZIL: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE, 2020–2027 (USD MILLION) 95

TABLE 115 BRAZIL: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING, 2020–2027

(USD MILLION) 95

TABLE 116 BRAZIL: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027 (USD MILLION) 95

TABLE 117 BRAZIL: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD, 2020–2027 (USD MILLION) 96

TABLE 118 BRAZIL: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END–USE, 2020–2027 (USD MILLION) 96

TABLE 119 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY COOLING TYPE,

2020–2027 (USD MILLION) 97

TABLE 120 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY REACTIVE POWER RATING,

2020–2027 (USD MILLION) 97

TABLE 121 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY TYPE, 2020–2027

(USD MILLION) 97

TABLE 122 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY STARTING METHOD,

2020–2027 (USD MILLION) 98

TABLE 123 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET ESTIMATES & FORECAST, BY END–USE, 2020–2027

(USD MILLION) 98

TABLE 124 SIEMENS: PRODUCTS OFFERED 103

TABLE 125 SIEMENS: KEY DEVELOPMENTS 103

TABLE 126 EATON: PRODUCTS OFFERED 106

TABLE 127 EATON: KEY DEVELOPMENTS 106

TABLE 128 ABB: PRODUCTS OFFERED 109

TABLE 129 ABB: KEY DEVELOPMENTS 109

TABLE 130 GENERAL ELECTRIC: PRODUCTS OFFERED 112

TABLE 131 GENERAL ELECTRIC: KEY DEVELOPMENTS 112

TABLE 132 VOITH GROUP: PRODUCTS OFFERED 115

TABLE 133 VOITH GROUP: KEY DEVELOPMENTS 115

TABLE 134 SUSTAINABLE POWER SYSTEMS, INC.: PRODUCTS OFFERED 117

TABLE 135 ELECTROMECHANICAL ENGINEERING ASSOCIATES, INC.: PRODUCTS OFFERED 118

TABLE 136 TOSHIBA CORPORATION: PRODUCTS OFFERED 120

TABLE 137 WEG: PRODUCTS OFFERED 122

TABLE 138 WEG: KEY DEVELOPMENTS 122

TABLE 139 IDEAL ELECTRIC COMPANY: PRODUCTS OFFERED 123

TABLE 140 IDEAL ELECTRIC COMPANY: KEY DEVELOPMENTS 123

TABLE 141 POWER SYSTEMS & CONTROLS, INC.: PRODUCTS OFFERED 124

TABLE 142 ANSALDO ENERGIA: PRODUCTS OFFERED 126

TABLE 143 ANDRITZ: PRODUCTS OFFERED 129

TABLE 144 ANDRITZ: KEY DEVELOPMENT 129

16 LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 16

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL SYNCHRONOUS CONDENSER MARKET 17

FIGURE 3 GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS, BY COOLING TYPE 18

FIGURE 4 GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS, BY REACTIVE POWER RATING 19

FIGURE 5 GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS, BY TYPE 20

FIGURE 6 GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS, BY STARTING METHOD 21

FIGURE 7 GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS, BY END USE 22

FIGURE 8 GLOBAL SYNCHRONOUS CONDENSER MARKET ANALYSIS, BY REGION 23

FIGURE 9 GLOBAL SYNCHRONOUS CONDENSER MARKET: STRUCTURE 25

FIGURE 10 RESEARCH PROCESS 26

FIGURE 11 TOP-DOWN & BOTTOM-UP APPROACHES 29

FIGURE 12 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 32

FIGURE 13 EUROPE: SYNCHRONOUS CONDENSER MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 32

FIGURE 14 ASIA-PACIFIC: SYNCHRONOUS CONDENSER MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 33

FIGURE 15 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 33

FIGURE 16 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 34

FIGURE 17 DRO ANALYSIS: GLOBAL SYNCHRONOUS CONDENSER MARKET 35

FIGURE 18 NATURAL GAS: PRODUCTION IN BILLION CUBIC METERS 36

FIGURE 19 GLOBAL RENEWABLE ENERGY INVESTMENT (USD BILLION), 2014–2017 37

FIGURE 20 SUPPLY CHAIN ANALYSIS: GLOBAL SYNCHRONOUS CONDENSER MARKET 39

FIGURE 21 PORTER'S FIVE FORCES ANALYSIS: GLOBAL SYNCHRONOUS CONDENSER MARKET 41

FIGURE 22 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020 (% SHARE) 43

FIGURE 23 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY COOLING TYPE, 2020 TO 2027 (USD MILLION) 43

FIGURE 24 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020 (% SHARE) 45

FIGURE 25 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2020 TO 2027 (USD MILLION) 45

FIGURE 26 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020 (% SHARE) 47

FIGURE 27 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 47

FIGURE 28 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020 (% SHARE) 49

FIGURE 29 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2020 TO 2027 (USD MILLION) 49

FIGURE 30 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY END USE, 2020 (% SHARE) 51

FIGURE 31 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY END USE, 2020 TO 2027 (USD MILLION) 51

FIGURE 32 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020 (% SHARE) 53

FIGURE 33 GLOBAL SYNCHRONOUS CONDENSER MARKET, BY REGION, 2020–2027 (USD MILLION) 53

FIGURE 34 BENCHMARKING OF MAJOR COMPETITORS 100

FIGURE 35 MARKET SHARE ANALYSIS, 2020 101

FIGURE 36 SIEMENS: FINANCIAL OVERVIEW SNAPSHOT 102

FIGURE 37 SIEMENS: SWOT ANALYSIS 104

FIGURE 38 EATON: FINANCIAL OVERVIEW SNAPSHOT 105

FIGURE 39 EATON: SWOT ANALYSIS 106

FIGURE 40 ABB: FINANCIAL OVERVIEW SNAPSHOT 108

FIGURE 41 ABB: SWOT ANALYSIS 109

FIGURE 42 GENERAL ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 111

FIGURE 43 GENERAL ELECTRIC: SWOT ANALYSIS 112

FIGURE 44 VOITH GROUP: FINANCIAL OVERVIEW SNAPSHOT 114

FIGURE 45 VOITH GROUP: SWOT ANALYSIS 116

FIGURE 46 TOSHIBA CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 120

FIGURE 47 WEG: FINANCIAL OVERVIEW SNAPSHOT 121

FIGURE 48 ANSALDO ENERGIA: FINANCIAL OVERVIEW SNAPSHOT 126

FIGURE 49 ANDRITZ: FINANCIAL OVERVIEW SNAPSHOT 128

Synchronous Condenser Market