Global Synchronous Capacitor Market Overview to 2030

Dublin, November 18, 2021 (GLOBE NEWSWIRE) – The “Synchronous Capacitors Market by Type, Cooling Type, Starting Method, Reactive Power Rating, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” the report was added to ResearchAndMarkets.com offer.

The global synchronous condenser market was valued at $ 568.9 million in 2020 and is expected to reach $ 751.0 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030.

The synchronous condenser is a device which converts electrical energy into mechanical energy and vice versa. This device is used to adjust the stability conditions occurring on electric utilities such as generation, transmission and distribution networks. The control of the electric field of the synchronous condenser is done using a voltage regulator to generate or absorb the reactive power by improving the power factor of the network.

The increasing demand for power factor correction and reactive power compensation across the world is a key driver for the growth of the global synchronous capacitor market during the forecast period. Furthermore, the rapid increase in the integration of renewable energy contributes significantly to the growth of the global synchronous condenser market from 2021 to 2030. However, the high cost associated with synchronous condensers and the availability of alternatives to synchronous condensers are expected to hamper market growth, globally. Conversely, technological advancements in synchronous condensers along with increasing demand for synchronous condensers from the HVDC grid and conversion of synchronous generators to synchronous condensers are expected to create a potential growth opportunity for key players operating in this market.

The global synchronous capacitor market is segmented into type, cooling type, starting method, end user, rated reactive power, and region. Depending on the type, the market is classified into new and reconditioned. Based on the type of cooling, it is divided into air-cooled, water-cooled and hydrogen-cooled. According to the starting method, it is classified into static frequency converter, pony motor and others. End users covered by the study include electric utilities and industrial. By rated reactive power, the market is fragmented into up to 100 MVAR, 100-200 MVAR and above 200 MVAR. Regarding the region, it is analyzed in North America, Europe, Asia-Pacific and LAMEA.

Key Benefits

The story continues

• The report includes in-depth analysis of different segments and provides market estimates between 2021 and 2030.

• A comprehensive analysis of factors driving and restraining the growth of the global synchronous capacitors market is provided.

• Porter’s five forces model illustrates the power of buyers and sellers, which should help market participants adopt effective strategies.

• The estimates and forecasts are based on factors affecting the growth of the global synchronous capacitors market, in terms of value.

• The major players in the market are profiled to understand the strategies they adopt.

• This report provides a detailed analysis of current trends and future estimates from 2021 to 2030, which helps to identify existing market opportunities.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. The key forces shaping the market
3.3. Value chain analysis
3.4. The best investment pockets
3.5. Patent analysis
3.5.1. By region, 2013-2019
3.6. Market dynamics
3.6.1. Conductors
3.6.1.1. Increased demand for power factor correction and reactive power compensation
3.6.1.2. Rapid growth in the integration of renewable energies
3.6.2. Constraints
3.6.2.1. High cost associated with synchronous capacitors
3.6.2.2. Availability of alternatives
3.6.3. Opportunity
3.6.3.1. Rapid growth of the HVDC network
3.6.3.2. Transition from synchronous generator to synchronous condenser
3.7. Impact of the COVID-19 epidemic on the market

CHAPTER 4: SYNCHRONOUS CONDENSER MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. New
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market share analysis, by country
4.3. Renovated
4.3.1. Key Market Trends, Growth Drivers and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market share analysis, by country

CHAPTER 5: SYNCHRONOUS CONDENSER MARKET, BY TYPE OF COOLING
5.1. Overview
5.1.1. Market size and forecast
5.2. Air conditioning
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market share analysis, by country
5.3. Water cooled
5.3.1. Key Market Trends, Growth Drivers and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market share analysis, by country
5.4. Hydrogen cooled
5.4.1. Key Market Trends, Growth Drivers and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market share analysis, by country

CHAPTER 6: OPERATION OF SYNCHRONOUS CONDENSERS, BY START-UP METHOD
6.1. Overview
6.1.1. Market size and forecast
6.2. Static frequency converter
6.2.1. Key Market Trends, Growth Drivers and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market share analysis, by country
6.3. Pony engine
6.3.1. Key Market Trends, Growth Drivers and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market share analysis, by country
6.4. Others
6.4.1. Key Market Trends, Growth Drivers and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market share analysis, by country

CHAPTER 7: SYNCHRONOUS CONDENSER MARKET, BY END USER
7.1. Overview
7.1.1. Market size and forecast
7.2. Electricity services
7.2.1. Key Market Trends, Growth Drivers and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market share analysis, by country
7.3. Industries
7.3.1. Key Market Trends, Growth Drivers and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market share analysis, by country

CHAPTER 8: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER
8.1. Overview
8.1.1. Market size and forecast
8.2. Up to 100 MVAR
8.2.1. Key Market Trends, Growth Drivers and Opportunities
8.2.2. Market Size and Forecast, by Region
8.2.3. Market share analysis, by country
8.3.100-200 MVAR
8.3.1. Key Market Trends, Growth Drivers and Opportunities
8.3.2. Market Size and Forecast, by Region
8.3.3. Market share analysis, by country
8.4. Over 200 MVAR
8.4.1. Key Market Trends, Growth Drivers and Opportunities
8.4.2. Market Size and Forecast, by Region
8.4.3. Market share analysis, by country

CHAPTER 9: SYNCHRONOUS CONDENSER MARKET, BY REGION

CHAPTER 10: COMPETITIVE LANDSCAPE
10.1. introduction
10.1.1. Positioning of market players, 2020
10.2. The best winning strategies
10.2.1. Best winning strategies, by year
10.2.2. Best winning strategies, by development
10.2.3. Best winning strategies, by company
10.3. Top 10 Player Product Mapping
10.4. Competitive heat map
10.5. Key developments
10.5.1. The agreements
10.5.2. Collaboration

CHAPTER 11: COMPANY PROFILES
11.1. ABB, LTD.
11.1.1. Company presentation
11.1.2. Key leaders
11.1.3. Company overview
11.1.4. Operational business sectors
11.1.5. Product portfolio
11.1.6. Company performance
11.1.7. Key strategic movements and developments
11.2. Andritz
11.2.1. Company presentation
11.2.2. Key leaders
11.2.3. Company overview
11.2.4. Operational business sectors
11.2.5. Product portfolio
11.2.6. Company performance
11.2.7. Key strategic movements and developments
11.3. Eaton Corporation plc
11.3.1. Company presentation
11.3.2. Key leaders
11.3.3. Company overview
11.3.4. Operational business sectors
11.3.5. Product portfolio
11.3.6. Company performance
11.4. Electric fuji
11.4.1. Company presentation
11.4.2. Key leaders
11.4.3. Company overview
11.4.4. Operational business sectors
11.4.5. Product portfolio
11.4.6. Company performance
11.5. GENERAL ELECTRIC
11.5.1. Company presentation
11.5.2. Key leaders
11.5.3. Company overview
11.5.4. Operational business sectors
11.5.5. Product portfolio
11.5.6. Company performance
11.5.7. Key strategic movements and developments
11.6. Ideal Electric Power Co.
11.6.1. Company presentation
11.6.2. Key leaders
11.6.3. Company overview
11.6.4. Product portfolio
11.7. Mitsubishi electric corporation
11.7.1. Company presentation
11.7.2. Key leaders
11.7.3. Company overview
11.7.4. Operational business sectors
11.7.5. Product portfolio
11.7.6. Company performance
11.8. Siemens Energy
11.8.1. Company presentation
11.8.2. Key leaders
11.8.3. Company overview
11.8.4. Operational business sectors
11.8.5. Product portfolio
11.8.6. Company performance
11.8.7. Key strategic movements and developments
11.9. Voith GmbH & Co. KGaA
11.9.1. Company presentation
11.9.2. Key leaders
11.9.3. Company overview
11.9.4. Operational business sectors
11.9.5. Product portfolio
11.9.6. Company performance
11.10. WEG Group
11.10.1. Company presentation
11.10.2. Key leaders
11.10.3. Company overview
11.10.4. Operational business sectors
11.10.5. Product portfolio
11.10.6. Company performance

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