In electrical engineering, a synchronous condenser is a DC-excited 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.
Industrial Synchronous Condenser Market contains market size and forecasts of Industrial Synchronous Condenser in global, including the following market information:
- Global Industrial Synchronous Condenser Market Revenue, 2018-2023, 2023-2030, ($ millions)
- Global Industrial Synchronous Condenser Market Sales, 2018-2023, 2023-2030, (K Units)
Global top five Industrial Synchronous Condenser companies in 2022 (%)
The global Industrial Synchronous Condenser market was valued at million in 2022 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
Up to 100 MVAr Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Industrial Synchronous Condenser include ABB, Siemens Energy, GE, Eaton, Voith Group, Fuji Electric, WEG, BRUSH Group and ANDRITZ, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Industrial 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 Industrial Synchronous Condenser Market, by Type, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Industrial Synchronous Condenser Market Segment Percentages, by Type, 2022 (%)
- Up to 100 MVAr
- 101?200 MVAr
- Above 200 MVAr
Global Industrial Synchronous Condenser Market, by Application, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Industrial Synchronous Condenser Market Segment Percentages, by Application, 2022 (%)
- Electrical Utilities
- Industrial Sector
- Others
Global Industrial Synchronous Condenser Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions) & (K Units)
Global Industrial Synchronous Condenser Market Segment Percentages, By Region and Country, 2022 (%)
- 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 Industrial Synchronous Condenser revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Industrial Synchronous Condenser revenues share in global market, 2022 (%)
- Key companies Industrial Synchronous Condenser sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Industrial Synchronous Condenser sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- ABB
- Siemens Energy
- GE
- Eaton
- Voith Group
- Fuji Electric
- WEG
- BRUSH Group
- ANDRITZ
- Ansaldo Energia
- Mitsubishi Heavy Industries
- BHEL
- Ideal Electric Power Co
- Power Systems & Controls
- Electromechanical Engineering Associates
- Anhui Zhongdian (ZDDQ) Electric Co
- Shanghai Electric
- Ingeteam
- Doosan ?koda Power
- Hangzhou Jingcheng Electrical Equipment
Industry Market Size
