Synchronous Condenser Market

In electrical engineering, a synchronous condenser (sometimes called a synchronous capacitor or synchronous compensator) is a device, identical to a synchronous motor, whose shaft is not connected to anything but spins freely.

Its purpose is not to convert electric power to mechanical power or vice versa, but to adjust conditions on the electric power transmission grid. Its field is controlled by a voltage regulator to either generate or absorb reactive power as needed to adjust the grid's voltage, or to improve power factor. The condenser?s installation and operation are identical to large electric motors and generators.

Synchronous Condenser Market contains market size and forecasts of Synchronous Condenser in global, including the following market information:

Global Synchronous Condenser Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Synchronous Condenser Market Sales, 2017-2022, 2023-2028, (M Var)

Global top five Synchronous Condenser companies in 2021 (%)

The global Synchronous Condenser market was valued at 174.1 million in 2021 and is projected to reach US$ 220.7 million by 2028, at a CAGR of 3.4% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Below 100 M Var Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Synchronous Condenser include Siemens, GE, Voith, WEG, Ansaldo Energia, Shanghai Electric, Dongfang Electric and Harbin Electric, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Synchronous Condenser manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Synchronous Condenser Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M Var)

Global Synchronous Condenser Market Segment Percentages, by Type, 2021 (%)

Below 100 M Var

100-200 M Var

Above 200 M Var

Global Synchronous Condenser Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M Var)

Global Synchronous Condenser Market Segment Percentages, by Application, 2021 (%)

Transmission System Strength

HVDC Link Support

New Energy

Others

Global Synchronous Condenser Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M Var)

Global Synchronous Condenser Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Synchronous Condenser revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Synchronous Condenser revenues share in global market, 2021 (%)

Key companies Synchronous Condenser sales in global market, 2017-2022 (Estimated), (M Var)

Key companies Synchronous Condenser sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Siemens

GE

Voith

WEG

Ansaldo Energia

Shanghai Electric

Dongfang Electric

Harbin Electric