A synchronous condenser (also called a synchronous capacitor or synchronous compensator) is a DC-excited synchronous machine (large rotating generators) whose shaft is not attached to any driving equipment.
This report contains market size and forecasts of Synchronous Condenser System in global, including the following market information:
Global Synchronous Condenser System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Synchronous Condenser System Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Synchronous Condenser System companies in 2021 (%)
The global Synchronous Condenser System market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
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 System include Siemens, GE, Voith, WEG, ABB, Hitachi Energy, Eaton, Mitsubishi Electric and Ansaldo Energia, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Synchronous Condenser System 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 System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Synchronous Condenser System Market Segment Percentages, by Type, 2021 (%)
Below 100 M Var
100-200 M Var
Above 200 M Var
Global Synchronous Condenser System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Synchronous Condenser System Market Segment Percentages, by Application, 2021 (%)
Industry
Infrastructure & Utilities
Renewables
Others
Global Synchronous Condenser System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Synchronous Condenser System 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 System revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Synchronous Condenser System revenues share in global market, 2021 (%)
Key companies Synchronous Condenser System sales in global market, 2017-2022 (Estimated), (Units)
Key companies Synchronous Condenser System sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Siemens
GE
Voith
WEG
ABB
Hitachi Energy
Eaton
Mitsubishi Electric
Ansaldo Energia
BRUSH Group
ANDRITZ Hydro
IDEAL ELECTRIC
Shanghai Electric
Dongfang Electric
Harbin Electric