The global synchronous condenser market is anticipated to reach USD 512.7 million in 2021 growing at a CAGR of 2.6% during the forecasting period, 2021-2028.
Growing demand for renewable power generation and the increasing need for power factor correction are some of the factors that have supported long-term expansion for the synchronous condenser industry.
Global synchronous condenser market is segmented into cooling type, starting method, reactive power rating (MVAR), end-user, type, and geography.
Cooling Type segment is segmented into Hydrogen Cooled, Air Cooled, and Water Cooled
Reactive Power Rating (MVAR) segment is segmented into Up To 100 MVAR Synchronous Condensers, 100–200 MVAR Synchronous Condensers, and Above 200 MVAR Synchronous Condensers
Starting Method segment is segmented into Static Frequency Converters, Pony Motors, and Others
End-User segment is segmented into Electrical Utilities and Industries
Type segment is segmented into New Synchronous Condensers and Refurbished Synchronous Condensers
Geographically, the global synchronous condenser market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
North America region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.
Key players in the global synchronous condenser market are ABB, Siemens, GE, Weg, Eaton, Andritz, Ansaldo Energia, Fuji Electric, and Voith Group among others
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 512.7 million |
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Growth Rate |
CAGR of 2.6% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Cooling Type, Starting Method, Reactive Power Rating (MVAR), End-User, Type, and Geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and the Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
are ABB, Siemens, GE, Weg, Eaton, Andritz, Ansaldo Energia, Fuji Electric, and Voith Group |
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Available Customization |
In addition to the market data for the synchronous condenser market, Delvens. offers client-centric reports and customized according to the company’s specific demand and requirement. |
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