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Synchronous Condenser Market Size, Share and Industry Trends Analysis By Cooling Type (Air-cooled, Hydrogen-cooled, and Water-cooled), By Starting Method (Static Frequency Converter, Pony Motors, and Others), By Power Rating (Up to 200 MVAR and Above 200 MVAR), and By Application (Utility and Industrial), and Regional Forecast, 2024-2032

Last Updated: February 17, 2025 | Format: PDF | Report ID: FBI104020

 

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. Key Insights
    1. Key Emerging Trends – For Major Countries
    2. Latest Technological Advancement
    3. Regulatory Landscape
    4. Porters Five Forces Analysis
    5. Impact of COVID-19 on the Synchronous Condenser Market
  5. Global Synchronous Condenser Market Analysis (USD Million), Insights and Forecast, 2019-2032
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Cooling Type
      1. Hydrogen-cooled
      2. Air-cooled
      3. Water-cooled
    3. Market Analysis, Insights and Forecast – By Starting Method
      1. Static Frequency Converter
      2. Pony Motors
      3. Others
    4. Market Analysis, Insights and Forecast – By Power Rating
      1. Up to 200 MVAR
      2. Above 200 MVAR
    5. Market Analysis, Insights and Forecast – By Application
      1. Utility
      2. Industrial
    6. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
  6. North America Synchronous Condenser Market Analysis (USD Million), Insights and Forecast, 2019-2032
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Cooling Type
      1. Hydrogen-cooled
      2. Air-cooled
      3. Water-cooled
    3. Market Analysis, Insights and Forecast – By Starting Method
      1. Static Frequency Converter
      2. Pony Motors
      3. Others
    4. Market Analysis, Insights and Forecast – By Power Rating
      1. Up to 200 MVAR
      2. Above 200 MVAR
    5. Market Analysis, Insights and Forecast – By Application
      1. Utility
      2. Industrial
    6. Market Analysis, Insights and Forecast – By Country
      1. U.S. Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      2. Canada Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
  7. Europe Synchronous Condenser Market Analysis (USD Million), Insights and Forecast, 2019-2032
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Cooling Type
      1. Hydrogen-cooled
      2. Air-cooled
      3. Water-cooled
    3. Market Analysis, Insights and Forecast – By Starting Method
      1. Static Frequency Converter
      2. Pony Motors
      3. Others
    4. Market Analysis, Insights and Forecast – By Power Rating
      1. Up to 200 MVAR
      2. Above 200 MVAR
    5. Market Analysis, Insights and Forecast – By Application
      1. Utility
      2. Industrial
    6. Market Analysis, Insights and Forecast – By Country
      1. Germany Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      2. U.K Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      3. France Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      4. Italy Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      5. Spain Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      6. Rest of Europe Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
  8. Asia Pacific Synchronous Condenser Market Analysis (USD Million), Insights and Forecast, 2019-2032
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Cooling Type
      1. Hydrogen-cooled
      2. Air-cooled
      3. Water-cooled
    3. Market Analysis, Insights and Forecast – By Starting Method
      1. Static Frequency Converter
      2. Pony Motors
      3. Others
    4. Market Analysis, Insights and Forecast – By Power Rating
      1. Up to 200 MVAR
      2. Above 200 MVAR
    5. Market Analysis, Insights and Forecast – By Application
      1. Utility
      2. Industrial
    6. Market Analysis, Insights and Forecast – By Country
      1. China Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      2. India Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      3. Japan Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      4. Southeast Asia Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      5. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
  9. Latin America Synchronous Condenser Market Analysis (USD Million), Insights and Forecast, 2019-2032
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Cooling Type
      1. Hydrogen-cooled
      2. Air-cooled
      3. Water-cooled
    3. Market Analysis, Insights and Forecast – By Starting Method
      1. Static Frequency Converter
      2. Pony Motors
      3. Others
    4. Market Analysis, Insights and Forecast – By Power Rating
      1. Up to 200 MVAR
      2. Above 200 MVAR
    5. Market Analysis, Insights and Forecast – By Application
      1. Utility
      2. Industrial
    6. Market Analysis, Insights and Forecast – By Country
      1. Brazil Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      2. Mexico Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      3. Rest of Latin America Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
  10. Middle East & Africa Synchronous Condenser Market Analysis (USD Million), Insights and Forecast, 2019-2032
    1. Market Analysis, Insights and Forecast – By Cooling Type
      1. Hydrogen-cooled
      2. Air-cooled
      3. Water-cooled
    2. Market Analysis, Insights and Forecast – By Starting Method
      1. Static Frequency Converter
      2. Pony Motors
      3. Others
    3. Market Analysis, Insights and Forecast – By Power Rating
      1. Up to 200 MVAR
      2. Above 200 MVAR
    4. Market Analysis, Insights and Forecast – By Application
      1. Utility
      2. Industrial
    5. Market Analysis, Insights and Forecast – By Country
      1. GCC Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      2. South Africa Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
      3. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By Application
        1. Utility
        2. Industrial
  11. Competitive Analysis
    1. Company Market Share Analysis, 2023
    2. Company Profile
      1. General Electric
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      2. Andritz AG
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      3. Siemens 
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      4. Voith GmbH & Co. Kgaa
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      5. Ansaldo Energia
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      6. Fuji Electric 
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      7. WEG
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      8. Eaton
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      9. BRUSH
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      10. BHEL
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
      11. Sustainable Power System
        1. Business Overview
        2. Product & Service Offering
        3. Overall Revenue
        4. Recent Development
Read Less

Figure 1: Global Synchronous Condenser Market Revenue Breakdown (USD Million, %) by Region, 2023 & 2032

Figure 2: Global Synchronous Condenser Market Value Share (%), By Cooling Type, 2023 & 2032

Figure 3: Global Synchronous Condenser Market Forecast (USD Million), By Hydrogen-cooled, 2019-2032

Figure 4: Global Synchronous Condenser Market Forecast (USD Million), By Air-cooled, 2019-2032

Figure 5: Global Synchronous Condenser Market Forecast (USD Million), By Water-cooled, 2019-2032

Figure 6: Global Synchronous Condenser Market Value Share (%), By Starting Method, 2023 & 2032

Figure 7: Global Synchronous Condenser Market Forecast (USD Million), By Static Frequency Converter, 2019-2032

Figure 8: Global Synchronous Condenser Market Forecast (USD Million), By Pony Motor, 2019-2032

Figure 9: Global Synchronous Condenser Market Forecast (USD Million), By Others, 2019-2032

Figure 10: Global Synchronous Condenser Market Value Share (%), By Power Rating, 2023 & 2032

Figure 11: Global Synchronous Condenser Market Forecast (USD Million), By Up to 200 MVAR, 2019-2032

Figure 12: Global Synchronous Condenser Market Forecast (USD Million), By Above 200 MVAR, 2019-2032

Figure 13: Global Synchronous Condenser Market Value Share (%), By Application, 2023 & 2032

Figure 14: Global Synchronous Condenser Market Forecast (USD Million), By Utility, 2019-2032

Figure 15: Global Synchronous Condenser Market Forecast (USD Million), By Industrial, 2019-2032

Figure 16: Global Synchronous Condenser Market Value Share (%), By Region, 2023 & 2032

Figure 17: North America Synchronous Condenser Market Value Share (%), By Cooling Type, 2023 & 2032

Figure 18: North America Synchronous Condenser Market Forecast (USD Million), By Hydrogen-cooled, 2019-2032

Figure 19: North America Synchronous Condenser Market Forecast (USD Million), By Air-cooled, 2019-2032

Figure 20: North America Synchronous Condenser Market Forecast (USD Million), By Water-cooled, 2019-2032

Figure 21: North America Synchronous Condenser Market Value Share (%), By Starting Method, 2023 & 2032

Figure 22: North America Synchronous Condenser Market Forecast (USD Million), By Static Frequency Converter, 2019-2032

Figure 23: North America Synchronous Condenser Market Forecast (USD Million), By Pony Motor, 2019-2032

Figure 24: North America Synchronous Condenser Market Forecast (USD Million), By Others, 2019-2032

Figure 25: North America Synchronous Condenser Market Value Share (%), By Power Rating, 2023 & 2032

Figure 26: North America Synchronous Condenser Market Forecast (USD Million), By Up to 200 MVAR, 2019-2032

Figure 27: North America Synchronous Condenser Market Forecast (USD Million), By Above 200 MVAR, 2019-2032

Figure 28: North America Synchronous Condenser Market Value Share (%), By Application, 2023 & 2032

Figure 29: North America Synchronous Condenser Market Forecast (USD Million), By Utility, 2019-2032

Figure 30: North America Synchronous Condenser Market Forecast (USD Million), By Industrial, 2019-2032

Figure 31: North America Synchronous Condenser Market Value Share (%), By Country, 2023 & 2032

Figure 32: Europe Synchronous Condenser Market Value Share (%), By Cooling Type, 2023 & 2032

Figure 33: Europe Synchronous Condenser Market Forecast (USD Million), By Hydrogen-cooled, 2019-2032

Figure 34: Europe Synchronous Condenser Market Forecast (USD Million), By Air-cooled, 2019-2032

Figure 35: Europe Synchronous Condenser Market Forecast (USD Million), By Water-cooled, 2019-2032

Figure 36: Europe Synchronous Condenser Market Value Share (%), By Starting Method, 2023 & 2032

Figure 37: Europe Synchronous Condenser Market Forecast (USD Million), By Static Frequency Converter, 2019-2032

Figure 38: Europe Synchronous Condenser Market Forecast (USD Million), By Pony Motor, 2019-2032

Figure 39: Europe Synchronous Condenser Market Forecast (USD Million), By Others, 2019-2032

Figure 40: Europe Synchronous Condenser Market Value Share (%), By Power Rating, 2023 & 2032

Figure 41: Europe Synchronous Condenser Market Forecast (USD Million), By Up to 200 MVAR, 2019-2032

Figure 42: Europe Synchronous Condenser Market Forecast (USD Million), By Above 200 MVAR, 2019-2032

Figure 43: Europe Synchronous Condenser Market Value Share (%), By Application, 2023 & 2032

Figure 44: Europe Synchronous Condenser Market Forecast (USD Million), By Utility, 2019-2032

Figure 45: Europe Synchronous Condenser Market Forecast (USD Million), By Industrial, 2019-2032

Figure 46: Europe Synchronous Condenser Market Value Share (%), By Country, 2023 & 2032

Figure 47: Asia Pacific Synchronous Condenser Market Value Share (%), By Cooling Type, 2023 & 2032

Figure 48: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Hydrogen-cooled, 2019-2032

Figure 49: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Air-cooled, 2019-2032

Figure 50: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Water-cooled, 2019-2032

Figure 51: Asia Pacific Synchronous Condenser Market Value Share (%), By Starting Method, 2023 & 2032

Figure 52: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Static Frequency Converter, 2019-2032

Figure 53: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Pony Motor, 2019-2032

Figure 54: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Others, 2019-2032

Figure 55: Asia Pacific Synchronous Condenser Market Value Share (%), By Power Rating, 2023 & 2032

Figure 56: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Up to 200 MVAR, 2019-2032

Figure 57: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Above 200 MVAR, 2019-2032

Figure 58: Asia Pacific Synchronous Condenser Market Value Share (%), By Application, 2023 & 2032

Figure 59: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Utility, 2019-2032

Figure 60: Asia Pacific Synchronous Condenser Market Forecast (USD Million), By Industrial, 2019-2032

Figure 61: Asia Pacific Synchronous Condenser Market Value Share (%), By Country, 2023 & 2032

Figure 62: Latin America Synchronous Condenser Market Value Share (%), By Cooling Type, 2023 & 2032

Figure 63: Latin America Synchronous Condenser Market Forecast (USD Million), By Hydrogen-cooled, 2019-2032

Figure 64: Latin America Synchronous Condenser Market Forecast (USD Million), By Air-cooled, 2019-2032

Figure 65: Latin America Synchronous Condenser Market Forecast (USD Million), By Water-cooled, 2019-2032

Figure 66: Latin America Synchronous Condenser Market Value Share (%), By Starting Method, 2023 & 2032

Figure 67: Latin America Synchronous Condenser Market Forecast (USD Million), By Static Frequency Converter, 2019-2032

Figure 68: Latin America Synchronous Condenser Market Forecast (USD Million), By Pony Motor, 2019-2032

Figure 69: Latin America Synchronous Condenser Market Forecast (USD Million), By Others, 2019-2032

Figure 70: Latin America Synchronous Condenser Market Value Share (%), By Power Rating, 2023 & 2032

Figure 71: Latin America Synchronous Condenser Market Forecast (USD Million), By Up to 200 MVAR, 2019-2032

Figure 72: Latin America Synchronous Condenser Market Forecast (USD Million), By Above 200 MVAR, 2019-2032

Figure 73: Latin America Synchronous Condenser Market Value Share (%), By Application, 2023 & 2032

Figure 74: Latin America Synchronous Condenser Market Forecast (USD Million), By Utility, 2019-2032

Figure 75: Latin America Synchronous Condenser Market Forecast (USD Million), By Industrial, 2019-2032

Figure 76: Latin America Synchronous Condenser Market Value Share (%), By Country, 2023 & 2032

Figure 77: Middle East & Africa Synchronous Condenser Market Value Share (%), By Cooling Type, 2023 & 2032

Figure 78: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Hydrogen-cooled, 2019-2032

Figure 79: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Air-cooled, 2019-2032

Figure 80: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Water-cooled, 2019-2032

Figure 81: Middle East & Africa Synchronous Condenser Market Value Share (%), By Starting Method, 2023 & 2032

Figure 82: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Static Frequency Converter, 2019-2032

Figure 83: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Pony Motor, 2019-2032

Figure 84: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Others, 2019-2032

Figure 85: Middle East & Africa Synchronous Condenser Market Value Share (%), By Power Rating, 2023 & 2032

Figure 86: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Up to 200 MVAR, 2019-2032

Figure 87: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Above 200 MVAR, 2019-2032

Figure 88: Middle East & Africa Synchronous Condenser Market Value Share (%), By Application, 2023 & 2032

Figure 89: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Utility, 2019-2032

Figure 90: Middle East & Africa Synchronous Condenser Market Forecast (USD Million), By Industrial, 2019-2032

Figure 91: Middle East & Africa Synchronous Condenser Market Value Share (%), By Country, 2023 & 2032

Figure 92: Company Market Share Analysis (%), 2023

Table 1: Global Synchronous Condenser Market Value (USD Million) Forecast, By Cooling Type, 2019-2032

Table 2: Global Synchronous Condenser Market Value (USD Million) Forecast, By Starting Method, 2019-2032

Table 3: Global Synchronous Condenser Market Value (USD Million) Forecast, By Power Rating, 2019-2032

Table 4: Global Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 5: Global Synchronous Condenser Market Value (USD Million) Forecast, By Region, 2019-2032

Table 6: North America Synchronous Condenser Market Value (USD Million) Forecast, By Cooling Type, 2019-2032

Table 7: North America Synchronous Condenser Market Value (USD Million) Forecast, By Starting Method, 2019-2032

Table 8: North America Synchronous Condenser Market Value (USD Million) Forecast, By Power Rating, 2019-2032

Table 9: North America Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 10: North America Synchronous Condenser Market Value (USD Million) Forecast, By Country, 2019-2032

Table 11: U.S. Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 12: Canada Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 13: Europe Synchronous Condenser Market Value (USD Million) Forecast, By Cooling Type, 2019-2032

Table 14: Europe Synchronous Condenser Market Value (USD Million) Forecast, By Starting Method, 2019-2032

Table 15: Europe Synchronous Condenser Market Value (USD Million) Forecast, By Power Rating, 2019-2032

Table 16: Europe Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 17: Europe Synchronous Condenser Market Value (USD Million) Forecast, By Country, 2019-2032

Table 18: U.K Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 19: Germany Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 20: France Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 21: Spain Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 22: Italy Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 23: Rest of Europe Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 24: Asia Pacific Synchronous Condenser Market Value (USD Million) Forecast, By Cooling Type, 2019-2032

Table 25: Asia Pacific Synchronous Condenser Market Value (USD Million) Forecast, By Starting Method, 2019-2032

Table 26: Asia Pacific Synchronous Condenser Market Value (USD Million) Forecast, By Power Rating, 2019-2032

Table 27: Asia Pacific Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 28: Asia Pacific Synchronous Condenser Market Value (USD Million) Forecast, By Country, 2019-2032

Table 29: China Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 30: India Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 31: Japan Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 32: Southeast Asia Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 33: Rest of Asia Pacific Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 34: Latin America Synchronous Condenser Market Value (USD Million) Forecast, By Cooling Type, 2019-2032

Table 35: Latin America Synchronous Condenser Market Value (USD Million) Forecast, By Starting Method, 2019-2032

Table 36: Latin America Synchronous Condenser Market Value (USD Million) Forecast, By Power Rating, 2019-2032

Table 37: Latin America Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 38: Latin America Synchronous Condenser Market Value (USD Million) Forecast, By Country, 2019-2032

Table 39: Brazil Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 40: Mexico Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 41: Rest of Latin America Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 42: Middle East & Africa Synchronous Condenser Market Value (USD Million) Forecast, By Cooling Type, 2019-2032

Table 43: Middle East & Africa Synchronous Condenser Market Value (USD Million) Forecast, By Starting Method, 2019-2032

Table 44: Middle East & Africa Synchronous Condenser Market Value (USD Million) Forecast, By Power Rating, 2019-2032

Table 45: Middle East & Africa Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 46: Middle East & Africa Synchronous Condenser Market Value (USD Million) Forecast, By Country, 2019-2032

Table 47: GCC Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 48: South Africa Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Table 49: Rest of Middle East & Africa Synchronous Condenser Market Value (USD Million) Forecast, By Application, 2019-2032

Synchronous Condenser Market Size, Share and Global Industry Trend Forecast till 2032
  • 2019-2032
  • 2023
  • 2019-2022
  • 210
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