Global Synchronous Condenser Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global Synchronous Condenser Market
Due to the COVID-19 pandemic, the global Synchronous Condenser market size is estimated to be worth US$ 175.8 million in 2022 and is forecast to a readjusted size of US$ 217.4 million by 2028 with a CAGR of 3.6% during the review period. Fully considering the economic change by this health crisis, Below 100 M Var accounting for % of the Synchronous Condenser global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Transmission System Strength segment is altered to an % CAGR throughout this forecast period.
The industry's leading manufacturers are Siemens, Shanghai Electric and Dongfang Electric, which accounted for 16 percent, 27 percent and 26 percent of revenues respectively in 2019.
In terms of production side, this report researches the Synchronous Condenser capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Synchronous Condenser by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Synchronous Condenser Scope and Segment
Synchronous Condenser market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Synchronous Condenser market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Below 100 M Var
100-200 M Var
Above 200 M Var
Segment by Application
Transmission System Strength
HVDC Link Support
New Energy
Others
By Company
Siemens
GE
Voith
WEG
Ansaldo Energia
Shanghai Electric
Dongfang Electric
Harbin Electric
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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