同期コンデンサーの市場:冷却方式(水素冷却、空冷、水冷)、タイプ(新品、再生品)、始動方式(静止周波数変換器、ポニーモーター)、エンドユーザー、無効電力定格、地域別 - 2030年までの世界予測Synchronous Condenser Market by Cooling Type (Hydrogen-Cooles, Air-Cooled, Water-Cooled), Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End-User, Reactive Power Rating and Region - Global Forecast to 2030 同期コンデンサーの世界市場は、レビュー期間中にCAGR 2.6%を記録し、2022年の6億6100万米ドルから2030年には8億1100万米ドルまで成長すると予測されます。送電網と配電網の整備による送電網の維持と、再生可能エ... もっと見る
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サマリー同期コンデンサーの世界市場は、レビュー期間中にCAGR 2.6%を記録し、2022年の6億6100万米ドルから2030年には8億1100万米ドルまで成長すると予測されます。送電網と配電網の整備による送電網の維持と、再生可能エネルギー容量の拡大への投資の増加が、同期コンデンサー市場の成長を促す主な要因となっています。"新型同期コンデンサー:最大セグメント同期コンデンサー市場、タイプ別が予想される" タイプ別セグメントは、新型同期コンデンサーと改修型同期コンデンサーに分類されます。新型同期コンデンサーは、2極または4極(2極ペア)で構成され、水素、空気、水による冷却が可能なコンデンサーです。HVDCネットワークの世界的な拡大に伴い、カナダ、ブラジル、イタリアなどの国では、送電系統の安定化と強度向上のために新型同期コンデンサーを配備しています。さらに、電圧変動の抑制や無効電力の供給にも利用されています。 "冷却技術別では、水素冷却型同期コンデンサー分野が最も早く台頭すると予想される" 同期コンデンサー市場は、水素冷却同期コンデンサー、空冷同期コンデンサー、水冷同期コンデンサーに分類されます。水素冷却同期コンデンサーは、冷却性に優れた気体水素を冷却材として使用します。水素は、密度が低く、比熱が大きく、熱伝導率が高いという特長があります。水素冷却同期コンデンサーは空冷式に比べ、伝熱能力が1.5倍、密度が1/14と高く、摩擦損失が少なく、冷却速度が速いのが特徴です。水素冷却同期コンデンサーは、同じ温度上昇でより高い負荷で運転することができ、空冷同期コンデンサーに比べて風量損失も小さくなります。 "予測期間中、北米が最大の市場規模を占めると予想される" 予測期間中、北米が最大の市場規模を占めると予想されます。北米は電力インフラの老朽化が進んでおり、停電のリスクを高める可能性があります。そのため、この地域の各国政府は、グリッドの信頼性と耐障害性を向上させ、スマート電力ネットワークを開発するために、老朽化したインフラのアップグレードと交換に積極的に注力しています。北米の電力セクターは現在、エネルギー効率目標の達成、連邦政府の炭素政策の遵守、さまざまな分散型発電源のグリッドへの統合などの課題に直面しています。 プライマリーの内訳 重要な定性・定量情報の入手と検証、および今後の市場見通しを評価するため、さまざまな主要業界関係者、専門家、主要市場関係者のCレベル幹部、および業界コンサルタントなどの専門家に詳細なインタビューを実施しました。一次インタビューの分布は以下の通りである。 企業タイプ別ティア1 65%, ティア2 24%, ティア3 11 役職別Cレベル:30%、ディレクターレベル:25%、その他:45 地域別北米33%、欧州27%、南米20%、アジア太平洋12%、中米8%。 注:その他には、プロダクトエンジニア、プロダクトスペシャリスト、エンジニアリングリードが含まれます。 注:企業の階層は、2017年時点の総売上高に基づいて定義されています。ティア1:10億米ドル以上、ティア2:5億米ドルから10億米ドル、ティア3:5億米ドル未満 同期コンデンサー市場は、広い地域で存在感を示す少数の大手企業によって支配されています。同期コンデンサー市場の主要プレイヤーは、ABB(スイス)、シーメンス(ドイツ)、GE(米国)、イートン(アイルランド)、Voith Group(ドイツ)、富士電機(日本)、WEG(ブラジル)である。 調査対象範囲 このレポートでは、同期コンデンサーの市場、冷却技術、無効電力定格、タイプ、始動方法、エンドユーザー、地域について定義、説明、予測を行っています。また、市場の詳細な定性・定量分析も行っています。本レポートでは、主要な市場促進要因、阻害要因、機会、課題について包括的に検証しています。また、市場の様々な重要な側面もカバーしています。これらには、同期コンデンサー市場の競争環境、市場力学、市場推定値(金額ベース)、将来動向の分析が含まれます。 本レポートを購入する主なメリット 1.本レポートは、同期コンデンサー市場の主要市場を特定、対処しており、ケーブルメーカーが需要の伸びを検討するのに役立つと思われます。 2.システムプロバイダーが市場の脈動を理解するのに役立ち、ドライバー、阻害要因、機会、課題に関する洞察を提供する。 3.本レポートは、主要企業が競合他社の戦略をより良く理解し、より良い戦略的意思決定を行うのに役立つだろう。 目次1 INTRODUCTION 311.1 STUDY OBJECTIVES 31 1.2 MARKET DEFINITION 32 1.3 INCLUSIONS AND EXCLUSIONS 32 1.3.1 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY: INCLUSIONS AND EXCLUSIONS 32 1.3.2 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING: INCLUSIONS AND EXCLUSIONS 33 1.3.3 SYNCHRONOUS CONDENSER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS 33 1.4 MARKET SCOPE 33 1.4.1 SYNCHRONOUS CONDENSER MARKET: SEGMENTATION 33 1.4.2 SYNCHRONOUS CONDENSER MARKET: REGIONAL SCOPE 34 1.5 YEARS CONSIDERED 34 1.6 CURRENCY CONSIDERED 35 1.7 LIMITATIONS 35 1.8 STAKEHOLDERS 35 1.9 SUMMARY OF CHANGES 36 2 RESEARCH METHODOLOGY 37 2.1 RESEARCH DATA 37 FIGURE 1 SYNCHRONOUS CONDENSER MARKET: RESEARCH DESIGN 38 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 39 2.2.1 SECONDARY DATA 40 2.2.1.1 Key data from secondary sources 40 2.2.2 PRIMARY DATA 41 2.2.2.1 Key data from primary sources 41 2.2.2.2 Breakdown of primaries 42 2.3 SCOPE OF STUDY 42 2.4 DEMAND-SIDE ANALYSIS 43 FIGURE 2 PARAMETERS CONSIDERED WHILE ASSESSING DEMAND FOR SYNCHRONOUS CONDENSERS 43 2.4.1 DEMAND-SIDE ANALYSIS: BOTTOM-UP APPROACH 44 FIGURE 3 SYNCHRONOUS CONDENSER MARKET: INDUSTRY AND REGION-/COUNTRY-WISE ANALYSIS 44 2.4.1.1 Demand-side analysis of synchronous condenser market 44 2.4.1.2 Assumptions while calculating demand-side market size 45 2.4.2 SUPPLY-SIDE ANALYSIS 45 FIGURE 4 CALCULATION OF REVENUES OF MAJOR PLAYERS FROM SALES OF SYNCHRONOUS CONDENSERS TO IDENTIFY GLOBAL MARKET SIZE 45 2.4.2.1 Supply-side analysis of synchronous condenser market 46 FIGURE 5 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SYNCHRONOUS CONDENSERS 46 2.4.2.2 Assumptions while calculating supply-side market size 46 FIGURE 6 COMPANY REVENUE ANALYSIS, 2021 47 2.4.3 FORECAST 47 3 EXECUTIVE SUMMARY 48 TABLE 1 SYNCHRONOUS CONDENSER MARKET: SNAPSHOT 48 FIGURE 7 NORTH AMERICA DOMINATED SYNCHRONOUS CONDENSER MARKET IN 2021 49 FIGURE 8 HYDROGEN-COOLED SYNCHRONOUS CONDENSER SEGMENT TO DOMINATE MARKET, BY COOLING TECHNOLOGY, DURING FORECAST PERIOD 50 FIGURE 9 STATIC FREQUENCY CONVERTER TO BE FASTEST-GROWING SEGMENT OF SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, DURING FORECAST PERIOD 50 FIGURE 10 ABOVE 200 MVAR SEGMENT TO DOMINATE SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, DURING FORECAST PERIOD 51 FIGURE 11 ELECTRICAL UTILITIES SEGMENT TO DOMINATE SYNCHRONOUS CONDENSER MARKET, BY END USER, DURING FORECAST PERIOD 51 FIGURE 12 NEW SYNCHRONOUS CONDENSER SEGMENT TO LEAD MARKET, BY TYPE, DURING FORECAST PERIOD 52 4 PREMIUM INSIGHTS 53 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNCHRONOUS CONDENSER MARKET 53 FIGURE 13 RISING INVESTMENTS IN DEVELOPING POWER INFRASTRUCTURES AND INTEGRATION OF RENEWABLE SOURCES INTO GRIDS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS DURING FORECAST PERIOD 53 4.2 SYNCHRONOUS CONDENSER MARKET, BY REGION 54 FIGURE 14 NORTH AMERICAN SYNCHRONOUS CONDENSER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 54 4.3 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE AND COUNTRY, 2021 54 FIGURE 15 REFURBISHED SYNCHRONOUS CONDENSER SEGMENT AND US HELD LARGER SHARES OF NORTH AMERICAN SYNCHRONOUS CONDENSER MARKET IN 2021 54 4.4 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 55 FIGURE 16 ABOVE 200 MVAR SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2030 55 4.5 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 55 FIGURE 17 STATIC FREQUENCY CONVERTER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2030 55 4.6 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 56 FIGURE 18 HYDROGEN-COOLED SYNCHRONOUS CONDENSER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2030 56 4.7 SYNCHRONOUS CONDENSER MARKET, BY TYPE 56 FIGURE 19 NEW SYNCHRONOUS CONDENSER SEGMENT TO DOMINATE MARKET BY 2030 56 5 MARKET OVERVIEW 57 5.1 INTRODUCTION 57 5.2 MARKET DYNAMICS 57 FIGURE 20 SYNCHRONOUS CONDENSER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 57 5.2.1 DRIVERS 58 5.2.1.1 Growing use of renewable and sustainable energy sources and increasing investments in capacity additions 58 FIGURE 21 RENEWABLE ELECTRICITY CAPACITY ADDITION, 2014–2021 59 FIGURE 22 INSTALLED RENEWABLE ELECTRICITY GENERATING CAPACITY, 2020–2050 59 5.2.1.2 Growing requirement for power factor correction (PFC) and increasing investments in developing transmission and distribution (T&D) infrastructures 59 FIGURE 23 INVESTMENTS IN ELECTRICITY NETWORKS, BY REGION (2015–2021) 60 TABLE 2 TRANSMISSION AND DISTRIBUTION (T&D) INFRASTRUCTURE EXPANSION PLANS 61 5.2.2 RESTRAINTS 62 5.2.2.1 High manufacturing and maintenance costs 62 5.2.3 OPPORTUNITIES 62 5.2.3.1 Conversion of synchronous generators into synchronous condensers 62 5.2.3.2 Rising adoption of high-voltage direct current (HVDC) systems 62 5.2.4 CHALLENGES 63 5.2.4.1 Availability of low-cost substitutes 63 TABLE 3 COMPARISON BETWEEN SYNCHRONOUS CONDENSER AND ITS SUBSTITUTES 63 5.2.4.2 Shortage of components/parts used in manufacturing of synchronous condensers due to COVID-19 64 TABLE 4 CHANGE IN PRICES OF COMMODITIES, 2019–2020 64 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 64 5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SYNCHRONOUS CONDENSER MANUFACTURERS 64 FIGURE 24 REVENUE SHIFT FOR SYNCHRONOUS CONDENSER MANUFACTURERS 65 5.4 MARKET MAP 66 FIGURE 25 SYNCHRONOUS CONDENSER MARKET: MARKET MAP 66 TABLE 5 SYNCHRONOUS CONDENSER MARKET: ROLE IN ECOSYSTEM 66 5.5 VALUE CHAIN ANALYSIS 68 FIGURE 26 SYNCHRONOUS CONDENSER MARKET: VALUE CHAIN ANALYSIS 68 5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS 68 5.5.2 COMPONENT MANUFACTURERS 69 5.5.3 SYNCHRONOUS CONDENSER MANUFACTURERS/ASSEMBLERS/ SERVICE PROVIDERS 69 5.5.4 DISTRIBUTORS/END USERS 69 5.5.5 POST-SALES SERVICE PROVIDERS 69 5.6 CODES AND REGULATIONS RELATED TO SYNCHRONOUS CONDENSER MARKET 69 TABLE 6 SYNCHRONOUS CONDENSER MARKET: CODES AND REGULATIONS 69 5.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71 TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71 TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73 TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74 TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76 TABLE 11 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76 5.8 INNOVATIONS AND PATENT REGISTRATIONS 77 TABLE 12 SYNCHRONOUS CONDENSER MARKET: INNOVATIONS AND PATENT REGISTRATIONS, FEBRUARY 2016–NOVEMBER 2021 77 5.9 PORTER’S FIVE FORCES ANALYSIS 82 FIGURE 27 PORTER’S FIVE FORCES ANALYSIS 82 TABLE 13 SYNCHRONOUS CONDENSER MARKET: PORTER’S FIVE FORCES ANALYSIS 82 5.9.1 THREAT OF SUBSTITUTES 83 5.9.2 BARGAINING POWER OF SUPPLIERS 83 5.9.3 BARGAINING POWER OF BUYERS 83 5.9.4 THREAT OF NEW ENTRANTS 83 5.9.5 INTENSITY OF COMPETITIVE RIVALRY 84 5.10 CASE STUDY ANALYSIS 84 5.10.1 USE OF GE’S SYNCHRONOUS CONDENSERS IN NORTHWEST VERMONT RELIABILITY PROJECT 84 5.10.1.1 Problem statement 84 5.10.1.2 Solution 84 5.10.2 REFURBISHMENT OF SYNCHRONOUS GENERATORS TO SYNCHRONOUS CONDENSERS 85 5.10.2.1 Problem statement 85 5.10.2.2 Solution 85 5.10.3 USE OF TERNA’S SYNCHRONOUS CONDENSERS TO STABILIZE GRID IN SARDINIA REGION 85 5.10.3.1 Problem statement 85 5.10.3.2 Solution 85 5.11 PRICING ANALYSIS 86 TABLE 14 AVERAGE SELLING PRICE OF SYNCHRONOUS CONDENSERS 86 5.12 TECHNOLOGY ANALYSIS 86 5.12.1 HIGH-TEMPERATURE SUPERCONDUCTOR (HTS) DYNAMIC SYNCHRONOUS CONDENSER 86 5.12.2 MODE OF OPERATION (APPLICATION) 86 5.12.2.1 Standalone synchronous condenser 87 5.12.2.2 Power plants with synchronous condensing capacity 87 5.12.2.3 Retrofitting of existing and decommissioned power plants 87 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 88 5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 88 FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER 88 TABLE 15 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER (%) 88 5.13.2 BUYING CRITERIA 88 FIGURE 29 KEY BUYING CRITERIA FOR END USERS 88 TABLE 16 KEY BUYING CRITERIA, BY END USER 89 5.14 KEY CONFERENCES AND EVENTS, 2022–2024 89 TABLE 17 SYNCHRONOUS CONDENSER MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 89 6 SYNCHRONOUS CONDENSER MARKET, BY TYPE 91 6.1 INTRODUCTION 92 FIGURE 30 NEW SYNCHRONOUS CONDENSER SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2021 92 TABLE 18 SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 92 TABLE 19 SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 92 6.2 NEW SYNCHRONOUS CONDENSER 93 6.2.1 EXPANSION OF HVDC NETWORKS TO INCREASE INSTALLATION OF NEW SYNCHRONOUS CONDENSERS 93 TABLE 20 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 93 TABLE 21 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 93 6.3 REFURBISHED SYNCHRONOUS CONDENSER 94 6.3.1 LOW COST OF REFURBISHED SYNCHRONOUS CONDENSERS TO FUEL DEMAND 94 TABLE 22 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 94 TABLE 23 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 94 7 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 95 7.1 INTRODUCTION 96 FIGURE 31 HYDROGEN-COOLED SYNCHRONOUS CONDENSER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 96 TABLE 24 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 96 TABLE 25 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 97 7.2 HYDROGEN-COOLED SYNCHRONOUS CONDENSER 97 7.2.1 LOW WINDAGE LOSS AND HIGH THERMAL CONDUCTIVITY FEATURES OF HYDROGEN-COOLED SYNCHRONOUS CONDENSERS TO FUEL DEMAND 97 TABLE 26 HYDROGEN-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 98 TABLE 27 HYDROGEN-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 98 7.3 AIR-COOLED SYNCHRONOUS CONDENSER 98 7.3.1 EXCELLENT COOLING FEATURE OF AIR-COOLED SYNCHRONOUS CONDENSERS TO PROPEL DEMAND 98 TABLE 28 AIR-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 99 TABLE 29 AIR-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 99 7.4 WATER-COOLED SYNCHRONOUS CONDENSER 100 7.4.1 HIGHER EFFICIENCY OF WATER-COOLED SYNCHRONOUS CONDENSERS COMPARED TO HYDROGEN-COOLED CONDENSERS TO FUEL DEMAND 100 TABLE 30 WATER-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 100 TABLE 31 WATER-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 100 8 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 101 8.1 INTRODUCTION 102 FIGURE 32 STATIC FREQUENCY CONVERTER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 102 TABLE 32 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 102 TABLE 33 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 103 8.2 STATIC FREQUENCY CONVERTER 103 8.2.1 LOW INSTALLATION COST OF STATIC FREQUENCY CONVERTER TO FUEL DEMAND 103 TABLE 34 STATIC FREQUENCY CONVERTER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 103 TABLE 35 STATIC FREQUENCY CONVERTER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 104 8.3 PONY MOTOR 104 8.3.1 LOW COST AND ABILITY TO START LOW-CAPACITY SYNCHRONOUS CONDENSERS (BELOW 50 MVAR) TO FUEL DEMAND FOR PONY MOTORS 104 TABLE 36 PONY MOTOR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 104 TABLE 37 PONY MOTOR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 105 8.4 OTHERS 105 TABLE 38 OTHERS: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 105 TABLE 39 OTHERS: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 106 9 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 107 9.1 INTRODUCTION 108 FIGURE 33 ABOVE 200 MVAR SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 108 TABLE 40 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 108 TABLE 41 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 109 9.2 UP TO 100 MVAR 109 9.2.1 RISING USE OF AIR- AND WATER-COOLED SYNCHRONOUS CONDENSERS TO FUEL MARKET GROWTH 109 TABLE 42 UP TO 100 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 110 TABLE 43 UP TO 100 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 110 9.3 101–200 MVAR 110 9.3.1 GROWING NEED TO ENSURE STABILITY OF TRANSMISSION GRIDS TO FUEL DEMAND FOR 101–200 MVAR SYNCHRONOUS CONDENSERS 110 TABLE 44 101–200 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 111 TABLE 45 101–200 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 111 9.4 ABOVE 200 MVAR 112 9.4.1 RISING ADOPTION OF LARGE-SIZED HYDROGEN-COOLED SYNCHRONOUS CONDENSERS TO DRIVE MARKET GROWTH 112 TABLE 46 ABOVE 200 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 112 TABLE 47 ABOVE 200 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 112 10 SYNCHRONOUS CONDENSER MARKET, BY END USER 114 10.1 INTRODUCTION 115 FIGURE 34 ELECTRICAL UTILITIES SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2021 115 TABLE 48 SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 115 TABLE 49 SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 116 10.2 ELECTRICAL UTILITIES 116 10.2.1 RISING NEED TO IMPROVE GRID STABILITY TO BOOST MARKET GROWTH 116 TABLE 50 ELECTRICAL UTILITIES: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 117 TABLE 51 ELECTRICAL UTILITIES: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 117 10.3 INDUSTRIAL SECTOR 117 10.3.1 INCREASING NEED TO PERFORM POWER FACTOR CORRECTION OF INDUSTRIAL LOADS TO FUEL DEMAND FOR SYNCHRONOUS CONDENSERS 117 TABLE 52 INDUSTRIAL SECTOR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 118 TABLE 53 INDUSTRIAL SECTOR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 118 11 SYNCHRONOUS CONDENSER MARKET, BY REGION 119 11.1 INTRODUCTION 120 FIGURE 35 SYNCHRONOUS CONDENSER MARKET: REGIONAL SNAPSHOT 120 FIGURE 36 REGIONAL ANALYSIS OF SYNCHRONOUS CONDENSER MARKET, 2021 120 TABLE 54 SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 121 TABLE 55 SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 121 TABLE 56 SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (UNITS) 121 TABLE 57 SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (UNITS) 122 11.2 NORTH AMERICA 122 FIGURE 37 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SNAPSHOT 123 11.2.1 BY TYPE 123 TABLE 58 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 123 TABLE 59 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 124 11.2.2 BY COOLING TECHNOLOGY 124 TABLE 60 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 124 TABLE 61 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 124 11.2.3 BY STARTING METHOD 125 TABLE 62 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 125 TABLE 63 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 125 11.2.4 BY REACTIVE POWER RATING 125 TABLE 64 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 125 TABLE 65 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 126 11.2.5 BY END USER 126 TABLE 66 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 126 TABLE 67 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 126 11.2.6 BY COUNTRY 127 TABLE 68 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 127 TABLE 69 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 127 11.2.6.1 US 127 11.2.6.1.1 Government-led initiatives to upgrade legacy power infrastructures and phase out coal-based power plants to fuel demand for synchronous condensers 127 FIGURE 38 PLANNED RETIREMENTS OF UTILITY-SCALE ELECTRICITY-GENERATING CAPACITIES IN US, 2022–2030 128 TABLE 70 US: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 128 TABLE 71 US: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 129 11.2.6.2 Canada 129 11.2.6.2.1 Rising investments in renewable energy generation to propel market growth 129 TABLE 72 CANADA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 130 TABLE 73 CANADA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 130 11.3 EUROPE 130 FIGURE 39 EUROPE: SYNCHRONOUS CONDENSER MARKET SNAPSHOT 131 11.3.1 BY TYPE 131 TABLE 74 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 131 TABLE 75 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 132 11.3.2 BY COOLING TECHNOLOGY 132 TABLE 76 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 132 TABLE 77 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 132 11.3.3 BY STARTING METHOD 133 TABLE 78 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 133 TABLE 79 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 133 11.3.4 BY REACTIVE POWER RATING 133 TABLE 80 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 133 TABLE 81 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 134 11.3.5 BY END USER 134 TABLE 82 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 134 TABLE 83 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 134 11.3.6 BY COUNTRY 135 TABLE 84 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 135 TABLE 85 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 135 11.3.6.1 Denmark 135 11.3.6.1.1 Growing need to stabilize gird transmission to fuel demand for synchronous condensers 135 TABLE 86 DENMARK: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 136 TABLE 87 DENMARK: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 136 11.3.6.2 Italy 136 11.3.6.2.1 Rising integration of renewable sources into grids to propel demand for synchronous condensers 136 TABLE 88 ITALY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 137 TABLE 89 ITALY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 137 11.3.6.3 Germany 137 11.3.6.3.1 Government-led initiatives to replace fossil fuels with renewable sources in power generation mix to drive market growth 137 TABLE 90 GERMANY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 137 TABLE 91 GERMANY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 138 11.3.6.4 Norway 138 11.3.6.4.1 Rising investments in expansion of HVDC networks to fuel demand for synchronous condensers 138 TABLE 92 NORWAY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 138 TABLE 93 NORWAY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 139 11.3.6.5 Rest of Europe 139 TABLE 94 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 139 TABLE 95 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 139 11.4 SOUTH AMERICA 140 11.4.1 BY TYPE 140 TABLE 96 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 140 TABLE 97 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 140 11.4.2 BY COOLING TECHNOLOGY 141 TABLE 98 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 141 TABLE 99 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 141 11.4.3 BY STARTING METHOD 141 TABLE 100 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 141 TABLE 101 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 142 11.4.4 BY REACTIVE POWER RATING 142 TABLE 102 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 142 TABLE 103 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 142 11.4.5 BY END USER 143 TABLE 104 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 143 TABLE 105 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 143 11.4.6 BY COUNTRY 143 TABLE 106 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 143 TABLE 107 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 144 11.4.6.1 Brazil 144 11.4.6.1.1 Government-led initiatives to develop power infrastructures to fuel demand for synchronous condensers 144 TABLE 108 BRAZIL: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 144 TABLE 109 BRAZIL: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 145 11.4.6.2 Rest of South America 145 TABLE 110 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 145 TABLE 111 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 145 11.5 ASIA PACIFIC 146 FIGURE 40 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET SNAPSHOT 147 11.5.1 BY TYPE 147 TABLE 112 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 147 TABLE 113 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 148 11.5.2 BY COOLING TECHNOLOGY 148 TABLE 114 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 148 TABLE 115 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 148 11.5.3 BY STARTING METHOD 149 TABLE 116 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 149 TABLE 117 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 149 11.5.4 BY REACTIVE POWER RATING 149 TABLE 118 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 149 TABLE 119 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 150 11.5.5 BY END USER 150 TABLE 120 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 150 TABLE 121 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 150 11.5.6 BY COUNTRY 151 TABLE 122 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 151 TABLE 123 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 151 11.5.6.1 China 151 11.5.6.1.1 Growing need to improve power reliability to fuel demand for synchronous condensers 151 TABLE 124 CHINA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 152 TABLE 125 CHINA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 152 11.5.6.2 Australia 152 11.5.6.2.1 Rising deployment of synchronous condensers in power infrastructures to drive market growth 152 TABLE 126 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 153 TABLE 127 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 153 11.5.6.3 Rest of Asia Pacific 153 TABLE 128 REST OF ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 153 TABLE 129 REST OF ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 154 11.6 MIDDLE EAST & AFRICA 154 11.6.1 BY TYPE 155 TABLE 130 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 155 TABLE 131 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 155 11.6.2 BY COOLING TECHNOLOGY 155 TABLE 132 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 155 TABLE 133 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 156 11.6.3 BY STARTING METHOD 156 TABLE 134 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 156 TABLE 135 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 156 11.6.4 BY REACTIVE POWER RATING 157 TABLE 136 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 157 TABLE 137 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 157 11.6.5 BY END USER 157 TABLE 138 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 157 TABLE 139 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 158 11.6.6 BY COUNTRY 158 TABLE 140 REST OF THE MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 158 TABLE 141 REST OF THE MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 158 11.6.6.1 Kenya 159 11.6.6.1.1 Increasing number of power generation projects to drive market growth 159 TABLE 142 KENYA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 159 TABLE 143 KENYA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 159 11.6.6.2 Rest of Middle East & Africa 160 TABLE 144 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 160 TABLE 145 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 160 12 COMPETITIVE LANDSCAPE 161 12.1 KEY PLAYER STRATEGIES 161 TABLE 146 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP MARKET PLAYERS, JANUARY 2017–JUNE 2022 161 12.2 MARKET SHARE ANALYSIS 163 TABLE 147 SYNCHRONOUS CONDENSER MARKET: DEGREE OF COMPETITION 163 FIGURE 41 SYNCHRONOUS CONDENSER MARKET SHARE ANALYSIS, 2021 164 12.3 REVENUE SHARE ANALYSIS OF TOP 5 MARKET PLAYERS 165 FIGURE 42 TOP 5 PLAYERS DOMINATED SYNCHRONOUS CONDENSER MARKET FROM 2017 TO 2021 165 12.4 COMPANY EVALUATION QUADRANT 166 12.4.1 STARS 166 12.4.2 EMERGING LEADERS 166 12.4.3 PERVASIVE PLAYERS 166 12.4.4 PARTICIPANTS 166 FIGURE 43 COMPETITIVE LEADERSHIP MAPPING: SYNCHRONOUS CONDENSER MARKET, 2021 167 12.5 SYNCHRONOUS CONDENSER MARKET: COMPANY FOOTPRINT 168 TABLE 148 TYPE: COMPANY FOOTPRINT 168 TABLE 149 REACTIVE POWER RATING: COMPANY FOOTPRINT 169 TABLE 150 REGION: COMPANY FOOTPRINT 170 TABLE 151 OVERALL COMPANY FOOTPRINT 171 12.6 COMPETITIVE SCENARIO 172 TABLE 152 SYNCHRONOUS CONDENSER MARKET: PRODUCT LAUNCHES, JANUARY 2017–SEPTEMBER 2021 172 TABLE 153 SYNCHRONOUS CONDENSER MARKET: DEALS, JANUARY 2017– SEPTEMBER 2021 172 13 COMPANY PROFILES 174 13.1 KEY PLAYERS 174 (Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)* 13.1.1 ABB 174 TABLE 154 ABB: BUSINESS OVERVIEW 174 FIGURE 44 ABB: COMPANY SNAPSHOT, 2021 175 TABLE 155 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 175 TABLE 156 ABB: PRODUCT LAUNCHES 176 TABLE 157 ABB: DEALS 176 TABLE 158 ABB: OTHERS 177 13.1.2 SIEMENS ENERGY 179 TABLE 159 SIEMENS ENERGY: BUSINESS OVERVIEW 179 FIGURE 45 SIEMENS ENERGY: COMPANY SNAPSHOT, 2021 180 TABLE 160 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180 TABLE 161 SIEMENS ENERGY: OTHERS 181 13.1.3 GE 183 TABLE 162 GE: BUSINESS OVERVIEW 183 FIGURE 46 GE: COMPANY SNAPSHOT, 2021 184 TABLE 163 GE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184 TABLE 164 GE: OTHERS 185 13.1.4 WEG 187 TABLE 165 WEG: BUSINESS OVERVIEW 187 FIGURE 47 WEG: COMPANY SNAPSHOT, 2021 188 TABLE 166 WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188 TABLE 167 WEG: DEALS 189 TABLE 168 WEG: OTHERS 189 13.1.5 EATON 191 TABLE 169 EATON: BUSINESS OVERVIEW 191 FIGURE 48 EATON: COMPANY SNAPSHOT, 2021 192 TABLE 170 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192 13.1.6 ANDRITZ GROUP 194 TABLE 171 ANDRITZ GROUP: BUSINESS OVERVIEW 194 FIGURE 49 ANDRITZ GROUP: COMPANY SNAPSHOT, 2021 195 TABLE 172 ANDRITZ GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196 TABLE 173 ANDRITZ GROUP: OTHERS 196 13.1.7 ANSALDO ENERGIA 198 TABLE 174 ANSALDO ENERGIA: BUSINESS OVERVIEW 198 FIGURE 50 ANSALDO ENERGIA: COMPANY SNAPSHOT, 2021 199 TABLE 175 ANSALDO ENERGIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200 TABLE 176 ANSALDO ENERGIA: OTHERS 201 13.1.8 MITSUBISHI HEAVY INDUSTRIES 202 TABLE 177 MITSUBISHI HEAVY INDUSTRIES: BUSINESS OVERVIEW 202 FIGURE 51 MITSUBISHI HEAVY INDUSTRIES: COMPANY SNAPSHOT, 2020 203 TABLE 178 MITSUBISHI HEAVY INDUSTRIES: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 203 TABLE 179 MITSUBISHI HEAVY INDUSTRIES: OTHERS 204 13.1.9 VOITH GROUP 206 TABLE 180 VOITH GROUP: BUSINESS OVERVIEW 206 FIGURE 52 VOITH GROUP: COMPANY SNAPSHOT, 2021 207 TABLE 181 VOITH GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207 TABLE 182 VOITH GROUP: OTHERS 208 13.1.10 FUJI ELECTRIC 210 TABLE 183 FUJI ELECTRIC: BUSINESS OVERVIEW 210 FIGURE 53 FUJI ELECTRIC: COMPANY SNAPSHOT, 2020 211 TABLE 184 FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212 13.1.11 BHARAT HEAVY ELECTRICALS LIMITED (BHEL) 213 TABLE 185 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): BUSINESS OVERVIEW 213 FIGURE 54 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): COMPANY SNAPSHOT, 2021 214 TABLE 186 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): PRODUCTS/SOLUTIONS/ SERVICES OFFERED 214 13.1.12 IDEAL ELECTRIC POWER (HYUNDAI IDEAL ELECTRIC CO.) 215 TABLE 187 IDEAL ELECTRIC POWER: BUSINESS OVERVIEW 215 TABLE 188 IDEAL ELECTRIC POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215 13.1.13 POWER SYSTEMS & CONTROLS 216 TABLE 189 POWER SYSTEMS & CONTROLS (PS&C): BUSINESS OVERVIEW 216 TABLE 190 POWER SYSTEMS & CONTROLS (PS&C): PRODUCTS/SOLUTIONS/ SERVICES OFFERED 216 13.1.14 BRUSH GROUP 217 TABLE 191 BRUSH GROUP: BUSINESS OVERVIEW 217 TABLE 192 BRUSH GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217 13.1.15 ELECTROMECHANICAL ENGINEERING ASSOCIATES 218 TABLE 193 ELECTROMECHANICAL ENGINEERING ASSOCIATES (EME): BUSINESS OVERVIEW 218 TABLE 194 ELECTROMECHANICAL ENGINEERING ASSOCIATES (EME): PRODUCTS/SOLUTIONS/SERVICES OFFERED 218 TABLE 195 ELECTROMECHANICAL ENGINEERING ASSOCIATES (EME): OTHERS 219 13.1.16 ANHUI ZHONGDIAN (ZDDQ) ELECTRIC CO., LTD. 220 TABLE 196 ANHUI ZHONGDIAN ELECTRIC CO., LTD.: BUSINESS OVERVIEW 220 TABLE 197 ANHUI ZHONGDIAN ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 220 13.1.17 SHANGHAI ELECTRIC 221 TABLE 198 SHANGHAI ELECTRIC: BUSINESS OVERVIEW 221 TABLE 199 SHANGHAI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 221 13.1.18 INGETEAM 222 TABLE 200 INGETEAM: BUSINESS OVERVIEW 222 TABLE 201 INGETEAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222 13.1.19 DOOSAN ŠKODA POWER 223 TABLE 202 DOOSAN ŠKODA POWER: BUSINESS OVERVIEW 223 TABLE 203 DOOSAN ŠKODA POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223 13.1.20 HANGZHOU JINGCHENG ELECTRICAL EQUIPMENT CO., LTD. 224 TABLE 204 HANGZHOU JINGCHENG ELECTRICAL EQUIPMENT CO., LTD.: BUSINESS OVERVIEW 224 TABLE 205 HANGZHOU JINGCHENG ELECTRICAL EQUIPMENT CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 224 *Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 14 APPENDIX 225 14.1 INSIGHTS FROM INDUSTRY EXPERTS 225 14.2 DISCUSSION GUIDE 226 14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 231 14.4 CUSTOMIZATION OPTIONS 233 14.5 RELATED REPORTS 233 14.6 AUTHOR DETAILS 234
SummaryThe global synchronous condenser market is projected to grow from USD 661 million in 2022 to USD 811 million by 2030, registering a CAGR of 2.6% during the review period. The developments in the power transmission and distribution networks to maintain grid operations and the increasing investments in expanding the renewable energy capacities are the key factors driving the growth of the synchronous condenser market. Table of Contents1 INTRODUCTION 311.1 STUDY OBJECTIVES 31 1.2 MARKET DEFINITION 32 1.3 INCLUSIONS AND EXCLUSIONS 32 1.3.1 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY: INCLUSIONS AND EXCLUSIONS 32 1.3.2 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING: INCLUSIONS AND EXCLUSIONS 33 1.3.3 SYNCHRONOUS CONDENSER MARKET, BY END USER: INCLUSIONS AND EXCLUSIONS 33 1.4 MARKET SCOPE 33 1.4.1 SYNCHRONOUS CONDENSER MARKET: SEGMENTATION 33 1.4.2 SYNCHRONOUS CONDENSER MARKET: REGIONAL SCOPE 34 1.5 YEARS CONSIDERED 34 1.6 CURRENCY CONSIDERED 35 1.7 LIMITATIONS 35 1.8 STAKEHOLDERS 35 1.9 SUMMARY OF CHANGES 36 2 RESEARCH METHODOLOGY 37 2.1 RESEARCH DATA 37 FIGURE 1 SYNCHRONOUS CONDENSER MARKET: RESEARCH DESIGN 38 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 39 2.2.1 SECONDARY DATA 40 2.2.1.1 Key data from secondary sources 40 2.2.2 PRIMARY DATA 41 2.2.2.1 Key data from primary sources 41 2.2.2.2 Breakdown of primaries 42 2.3 SCOPE OF STUDY 42 2.4 DEMAND-SIDE ANALYSIS 43 FIGURE 2 PARAMETERS CONSIDERED WHILE ASSESSING DEMAND FOR SYNCHRONOUS CONDENSERS 43 2.4.1 DEMAND-SIDE ANALYSIS: BOTTOM-UP APPROACH 44 FIGURE 3 SYNCHRONOUS CONDENSER MARKET: INDUSTRY AND REGION-/COUNTRY-WISE ANALYSIS 44 2.4.1.1 Demand-side analysis of synchronous condenser market 44 2.4.1.2 Assumptions while calculating demand-side market size 45 2.4.2 SUPPLY-SIDE ANALYSIS 45 FIGURE 4 CALCULATION OF REVENUES OF MAJOR PLAYERS FROM SALES OF SYNCHRONOUS CONDENSERS TO IDENTIFY GLOBAL MARKET SIZE 45 2.4.2.1 Supply-side analysis of synchronous condenser market 46 FIGURE 5 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF SYNCHRONOUS CONDENSERS 46 2.4.2.2 Assumptions while calculating supply-side market size 46 FIGURE 6 COMPANY REVENUE ANALYSIS, 2021 47 2.4.3 FORECAST 47 3 EXECUTIVE SUMMARY 48 TABLE 1 SYNCHRONOUS CONDENSER MARKET: SNAPSHOT 48 FIGURE 7 NORTH AMERICA DOMINATED SYNCHRONOUS CONDENSER MARKET IN 2021 49 FIGURE 8 HYDROGEN-COOLED SYNCHRONOUS CONDENSER SEGMENT TO DOMINATE MARKET, BY COOLING TECHNOLOGY, DURING FORECAST PERIOD 50 FIGURE 9 STATIC FREQUENCY CONVERTER TO BE FASTEST-GROWING SEGMENT OF SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, DURING FORECAST PERIOD 50 FIGURE 10 ABOVE 200 MVAR SEGMENT TO DOMINATE SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, DURING FORECAST PERIOD 51 FIGURE 11 ELECTRICAL UTILITIES SEGMENT TO DOMINATE SYNCHRONOUS CONDENSER MARKET, BY END USER, DURING FORECAST PERIOD 51 FIGURE 12 NEW SYNCHRONOUS CONDENSER SEGMENT TO LEAD MARKET, BY TYPE, DURING FORECAST PERIOD 52 4 PREMIUM INSIGHTS 53 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNCHRONOUS CONDENSER MARKET 53 FIGURE 13 RISING INVESTMENTS IN DEVELOPING POWER INFRASTRUCTURES AND INTEGRATION OF RENEWABLE SOURCES INTO GRIDS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS DURING FORECAST PERIOD 53 4.2 SYNCHRONOUS CONDENSER MARKET, BY REGION 54 FIGURE 14 NORTH AMERICAN SYNCHRONOUS CONDENSER MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 54 4.3 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE AND COUNTRY, 2021 54 FIGURE 15 REFURBISHED SYNCHRONOUS CONDENSER SEGMENT AND US HELD LARGER SHARES OF NORTH AMERICAN SYNCHRONOUS CONDENSER MARKET IN 2021 54 4.4 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 55 FIGURE 16 ABOVE 200 MVAR SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2030 55 4.5 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 55 FIGURE 17 STATIC FREQUENCY CONVERTER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2030 55 4.6 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 56 FIGURE 18 HYDROGEN-COOLED SYNCHRONOUS CONDENSER SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2030 56 4.7 SYNCHRONOUS CONDENSER MARKET, BY TYPE 56 FIGURE 19 NEW SYNCHRONOUS CONDENSER SEGMENT TO DOMINATE MARKET BY 2030 56 5 MARKET OVERVIEW 57 5.1 INTRODUCTION 57 5.2 MARKET DYNAMICS 57 FIGURE 20 SYNCHRONOUS CONDENSER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 57 5.2.1 DRIVERS 58 5.2.1.1 Growing use of renewable and sustainable energy sources and increasing investments in capacity additions 58 FIGURE 21 RENEWABLE ELECTRICITY CAPACITY ADDITION, 2014–2021 59 FIGURE 22 INSTALLED RENEWABLE ELECTRICITY GENERATING CAPACITY, 2020–2050 59 5.2.1.2 Growing requirement for power factor correction (PFC) and increasing investments in developing transmission and distribution (T&D) infrastructures 59 FIGURE 23 INVESTMENTS IN ELECTRICITY NETWORKS, BY REGION (2015–2021) 60 TABLE 2 TRANSMISSION AND DISTRIBUTION (T&D) INFRASTRUCTURE EXPANSION PLANS 61 5.2.2 RESTRAINTS 62 5.2.2.1 High manufacturing and maintenance costs 62 5.2.3 OPPORTUNITIES 62 5.2.3.1 Conversion of synchronous generators into synchronous condensers 62 5.2.3.2 Rising adoption of high-voltage direct current (HVDC) systems 62 5.2.4 CHALLENGES 63 5.2.4.1 Availability of low-cost substitutes 63 TABLE 3 COMPARISON BETWEEN SYNCHRONOUS CONDENSER AND ITS SUBSTITUTES 63 5.2.4.2 Shortage of components/parts used in manufacturing of synchronous condensers due to COVID-19 64 TABLE 4 CHANGE IN PRICES OF COMMODITIES, 2019–2020 64 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 64 5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR SYNCHRONOUS CONDENSER MANUFACTURERS 64 FIGURE 24 REVENUE SHIFT FOR SYNCHRONOUS CONDENSER MANUFACTURERS 65 5.4 MARKET MAP 66 FIGURE 25 SYNCHRONOUS CONDENSER MARKET: MARKET MAP 66 TABLE 5 SYNCHRONOUS CONDENSER MARKET: ROLE IN ECOSYSTEM 66 5.5 VALUE CHAIN ANALYSIS 68 FIGURE 26 SYNCHRONOUS CONDENSER MARKET: VALUE CHAIN ANALYSIS 68 5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS 68 5.5.2 COMPONENT MANUFACTURERS 69 5.5.3 SYNCHRONOUS CONDENSER MANUFACTURERS/ASSEMBLERS/ SERVICE PROVIDERS 69 5.5.4 DISTRIBUTORS/END USERS 69 5.5.5 POST-SALES SERVICE PROVIDERS 69 5.6 CODES AND REGULATIONS RELATED TO SYNCHRONOUS CONDENSER MARKET 69 TABLE 6 SYNCHRONOUS CONDENSER MARKET: CODES AND REGULATIONS 69 5.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71 TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 71 TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73 TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74 TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76 TABLE 11 GLOBAL: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76 5.8 INNOVATIONS AND PATENT REGISTRATIONS 77 TABLE 12 SYNCHRONOUS CONDENSER MARKET: INNOVATIONS AND PATENT REGISTRATIONS, FEBRUARY 2016–NOVEMBER 2021 77 5.9 PORTER’S FIVE FORCES ANALYSIS 82 FIGURE 27 PORTER’S FIVE FORCES ANALYSIS 82 TABLE 13 SYNCHRONOUS CONDENSER MARKET: PORTER’S FIVE FORCES ANALYSIS 82 5.9.1 THREAT OF SUBSTITUTES 83 5.9.2 BARGAINING POWER OF SUPPLIERS 83 5.9.3 BARGAINING POWER OF BUYERS 83 5.9.4 THREAT OF NEW ENTRANTS 83 5.9.5 INTENSITY OF COMPETITIVE RIVALRY 84 5.10 CASE STUDY ANALYSIS 84 5.10.1 USE OF GE’S SYNCHRONOUS CONDENSERS IN NORTHWEST VERMONT RELIABILITY PROJECT 84 5.10.1.1 Problem statement 84 5.10.1.2 Solution 84 5.10.2 REFURBISHMENT OF SYNCHRONOUS GENERATORS TO SYNCHRONOUS CONDENSERS 85 5.10.2.1 Problem statement 85 5.10.2.2 Solution 85 5.10.3 USE OF TERNA’S SYNCHRONOUS CONDENSERS TO STABILIZE GRID IN SARDINIA REGION 85 5.10.3.1 Problem statement 85 5.10.3.2 Solution 85 5.11 PRICING ANALYSIS 86 TABLE 14 AVERAGE SELLING PRICE OF SYNCHRONOUS CONDENSERS 86 5.12 TECHNOLOGY ANALYSIS 86 5.12.1 HIGH-TEMPERATURE SUPERCONDUCTOR (HTS) DYNAMIC SYNCHRONOUS CONDENSER 86 5.12.2 MODE OF OPERATION (APPLICATION) 86 5.12.2.1 Standalone synchronous condenser 87 5.12.2.2 Power plants with synchronous condensing capacity 87 5.12.2.3 Retrofitting of existing and decommissioned power plants 87 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 88 5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 88 FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER 88 TABLE 15 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY END USER (%) 88 5.13.2 BUYING CRITERIA 88 FIGURE 29 KEY BUYING CRITERIA FOR END USERS 88 TABLE 16 KEY BUYING CRITERIA, BY END USER 89 5.14 KEY CONFERENCES AND EVENTS, 2022–2024 89 TABLE 17 SYNCHRONOUS CONDENSER MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 89 6 SYNCHRONOUS CONDENSER MARKET, BY TYPE 91 6.1 INTRODUCTION 92 FIGURE 30 NEW SYNCHRONOUS CONDENSER SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2021 92 TABLE 18 SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 92 TABLE 19 SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 92 6.2 NEW SYNCHRONOUS CONDENSER 93 6.2.1 EXPANSION OF HVDC NETWORKS TO INCREASE INSTALLATION OF NEW SYNCHRONOUS CONDENSERS 93 TABLE 20 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 93 TABLE 21 NEW SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 93 6.3 REFURBISHED SYNCHRONOUS CONDENSER 94 6.3.1 LOW COST OF REFURBISHED SYNCHRONOUS CONDENSERS TO FUEL DEMAND 94 TABLE 22 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 94 TABLE 23 REFURBISHED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 94 7 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY 95 7.1 INTRODUCTION 96 FIGURE 31 HYDROGEN-COOLED SYNCHRONOUS CONDENSER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 96 TABLE 24 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 96 TABLE 25 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 97 7.2 HYDROGEN-COOLED SYNCHRONOUS CONDENSER 97 7.2.1 LOW WINDAGE LOSS AND HIGH THERMAL CONDUCTIVITY FEATURES OF HYDROGEN-COOLED SYNCHRONOUS CONDENSERS TO FUEL DEMAND 97 TABLE 26 HYDROGEN-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 98 TABLE 27 HYDROGEN-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 98 7.3 AIR-COOLED SYNCHRONOUS CONDENSER 98 7.3.1 EXCELLENT COOLING FEATURE OF AIR-COOLED SYNCHRONOUS CONDENSERS TO PROPEL DEMAND 98 TABLE 28 AIR-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 99 TABLE 29 AIR-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 99 7.4 WATER-COOLED SYNCHRONOUS CONDENSER 100 7.4.1 HIGHER EFFICIENCY OF WATER-COOLED SYNCHRONOUS CONDENSERS COMPARED TO HYDROGEN-COOLED CONDENSERS TO FUEL DEMAND 100 TABLE 30 WATER-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 100 TABLE 31 WATER-COOLED SYNCHRONOUS CONDENSER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 100 8 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD 101 8.1 INTRODUCTION 102 FIGURE 32 STATIC FREQUENCY CONVERTER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 102 TABLE 32 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 102 TABLE 33 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 103 8.2 STATIC FREQUENCY CONVERTER 103 8.2.1 LOW INSTALLATION COST OF STATIC FREQUENCY CONVERTER TO FUEL DEMAND 103 TABLE 34 STATIC FREQUENCY CONVERTER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 103 TABLE 35 STATIC FREQUENCY CONVERTER: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 104 8.3 PONY MOTOR 104 8.3.1 LOW COST AND ABILITY TO START LOW-CAPACITY SYNCHRONOUS CONDENSERS (BELOW 50 MVAR) TO FUEL DEMAND FOR PONY MOTORS 104 TABLE 36 PONY MOTOR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 104 TABLE 37 PONY MOTOR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 105 8.4 OTHERS 105 TABLE 38 OTHERS: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 105 TABLE 39 OTHERS: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 106 9 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING 107 9.1 INTRODUCTION 108 FIGURE 33 ABOVE 200 MVAR SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2021 108 TABLE 40 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 108 TABLE 41 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 109 9.2 UP TO 100 MVAR 109 9.2.1 RISING USE OF AIR- AND WATER-COOLED SYNCHRONOUS CONDENSERS TO FUEL MARKET GROWTH 109 TABLE 42 UP TO 100 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 110 TABLE 43 UP TO 100 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 110 9.3 101–200 MVAR 110 9.3.1 GROWING NEED TO ENSURE STABILITY OF TRANSMISSION GRIDS TO FUEL DEMAND FOR 101–200 MVAR SYNCHRONOUS CONDENSERS 110 TABLE 44 101–200 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 111 TABLE 45 101–200 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 111 9.4 ABOVE 200 MVAR 112 9.4.1 RISING ADOPTION OF LARGE-SIZED HYDROGEN-COOLED SYNCHRONOUS CONDENSERS TO DRIVE MARKET GROWTH 112 TABLE 46 ABOVE 200 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 112 TABLE 47 ABOVE 200 MVAR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 112 10 SYNCHRONOUS CONDENSER MARKET, BY END USER 114 10.1 INTRODUCTION 115 FIGURE 34 ELECTRICAL UTILITIES SEGMENT ACCOUNTED FOR LARGER MARKET SHARE IN 2021 115 TABLE 48 SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 115 TABLE 49 SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 116 10.2 ELECTRICAL UTILITIES 116 10.2.1 RISING NEED TO IMPROVE GRID STABILITY TO BOOST MARKET GROWTH 116 TABLE 50 ELECTRICAL UTILITIES: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 117 TABLE 51 ELECTRICAL UTILITIES: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 117 10.3 INDUSTRIAL SECTOR 117 10.3.1 INCREASING NEED TO PERFORM POWER FACTOR CORRECTION OF INDUSTRIAL LOADS TO FUEL DEMAND FOR SYNCHRONOUS CONDENSERS 117 TABLE 52 INDUSTRIAL SECTOR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 118 TABLE 53 INDUSTRIAL SECTOR: SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 118 11 SYNCHRONOUS CONDENSER MARKET, BY REGION 119 11.1 INTRODUCTION 120 FIGURE 35 SYNCHRONOUS CONDENSER MARKET: REGIONAL SNAPSHOT 120 FIGURE 36 REGIONAL ANALYSIS OF SYNCHRONOUS CONDENSER MARKET, 2021 120 TABLE 54 SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (USD MILLION) 121 TABLE 55 SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (USD MILLION) 121 TABLE 56 SYNCHRONOUS CONDENSER MARKET, BY REGION, 2018–2021 (UNITS) 121 TABLE 57 SYNCHRONOUS CONDENSER MARKET, BY REGION, 2022–2030 (UNITS) 122 11.2 NORTH AMERICA 122 FIGURE 37 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET SNAPSHOT 123 11.2.1 BY TYPE 123 TABLE 58 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 123 TABLE 59 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 124 11.2.2 BY COOLING TECHNOLOGY 124 TABLE 60 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 124 TABLE 61 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 124 11.2.3 BY STARTING METHOD 125 TABLE 62 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 125 TABLE 63 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 125 11.2.4 BY REACTIVE POWER RATING 125 TABLE 64 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 125 TABLE 65 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 126 11.2.5 BY END USER 126 TABLE 66 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 126 TABLE 67 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 126 11.2.6 BY COUNTRY 127 TABLE 68 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 127 TABLE 69 NORTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 127 11.2.6.1 US 127 11.2.6.1.1 Government-led initiatives to upgrade legacy power infrastructures and phase out coal-based power plants to fuel demand for synchronous condensers 127 FIGURE 38 PLANNED RETIREMENTS OF UTILITY-SCALE ELECTRICITY-GENERATING CAPACITIES IN US, 2022–2030 128 TABLE 70 US: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 128 TABLE 71 US: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 129 11.2.6.2 Canada 129 11.2.6.2.1 Rising investments in renewable energy generation to propel market growth 129 TABLE 72 CANADA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 130 TABLE 73 CANADA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 130 11.3 EUROPE 130 FIGURE 39 EUROPE: SYNCHRONOUS CONDENSER MARKET SNAPSHOT 131 11.3.1 BY TYPE 131 TABLE 74 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 131 TABLE 75 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 132 11.3.2 BY COOLING TECHNOLOGY 132 TABLE 76 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 132 TABLE 77 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 132 11.3.3 BY STARTING METHOD 133 TABLE 78 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 133 TABLE 79 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 133 11.3.4 BY REACTIVE POWER RATING 133 TABLE 80 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 133 TABLE 81 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 134 11.3.5 BY END USER 134 TABLE 82 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 134 TABLE 83 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 134 11.3.6 BY COUNTRY 135 TABLE 84 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 135 TABLE 85 EUROPE: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 135 11.3.6.1 Denmark 135 11.3.6.1.1 Growing need to stabilize gird transmission to fuel demand for synchronous condensers 135 TABLE 86 DENMARK: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 136 TABLE 87 DENMARK: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 136 11.3.6.2 Italy 136 11.3.6.2.1 Rising integration of renewable sources into grids to propel demand for synchronous condensers 136 TABLE 88 ITALY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 137 TABLE 89 ITALY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 137 11.3.6.3 Germany 137 11.3.6.3.1 Government-led initiatives to replace fossil fuels with renewable sources in power generation mix to drive market growth 137 TABLE 90 GERMANY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 137 TABLE 91 GERMANY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 138 11.3.6.4 Norway 138 11.3.6.4.1 Rising investments in expansion of HVDC networks to fuel demand for synchronous condensers 138 TABLE 92 NORWAY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 138 TABLE 93 NORWAY: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 139 11.3.6.5 Rest of Europe 139 TABLE 94 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 139 TABLE 95 REST OF EUROPE: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 139 11.4 SOUTH AMERICA 140 11.4.1 BY TYPE 140 TABLE 96 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 140 TABLE 97 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 140 11.4.2 BY COOLING TECHNOLOGY 141 TABLE 98 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 141 TABLE 99 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 141 11.4.3 BY STARTING METHOD 141 TABLE 100 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 141 TABLE 101 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 142 11.4.4 BY REACTIVE POWER RATING 142 TABLE 102 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 142 TABLE 103 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 142 11.4.5 BY END USER 143 TABLE 104 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 143 TABLE 105 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 143 11.4.6 BY COUNTRY 143 TABLE 106 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 143 TABLE 107 SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 144 11.4.6.1 Brazil 144 11.4.6.1.1 Government-led initiatives to develop power infrastructures to fuel demand for synchronous condensers 144 TABLE 108 BRAZIL: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 144 TABLE 109 BRAZIL: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 145 11.4.6.2 Rest of South America 145 TABLE 110 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 145 TABLE 111 REST OF SOUTH AMERICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 145 11.5 ASIA PACIFIC 146 FIGURE 40 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET SNAPSHOT 147 11.5.1 BY TYPE 147 TABLE 112 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 147 TABLE 113 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 148 11.5.2 BY COOLING TECHNOLOGY 148 TABLE 114 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 148 TABLE 115 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 148 11.5.3 BY STARTING METHOD 149 TABLE 116 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 149 TABLE 117 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 149 11.5.4 BY REACTIVE POWER RATING 149 TABLE 118 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 149 TABLE 119 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 150 11.5.5 BY END USER 150 TABLE 120 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 150 TABLE 121 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 150 11.5.6 BY COUNTRY 151 TABLE 122 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 151 TABLE 123 ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 151 11.5.6.1 China 151 11.5.6.1.1 Growing need to improve power reliability to fuel demand for synchronous condensers 151 TABLE 124 CHINA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 152 TABLE 125 CHINA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 152 11.5.6.2 Australia 152 11.5.6.2.1 Rising deployment of synchronous condensers in power infrastructures to drive market growth 152 TABLE 126 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 153 TABLE 127 AUSTRALIA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 153 11.5.6.3 Rest of Asia Pacific 153 TABLE 128 REST OF ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 153 TABLE 129 REST OF ASIA PACIFIC: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 154 11.6 MIDDLE EAST & AFRICA 154 11.6.1 BY TYPE 155 TABLE 130 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2018–2021 (USD MILLION) 155 TABLE 131 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2022–2030 (USD MILLION) 155 11.6.2 BY COOLING TECHNOLOGY 155 TABLE 132 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2018–2021 (USD MILLION) 155 TABLE 133 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2022–2030 (USD MILLION) 156 11.6.3 BY STARTING METHOD 156 TABLE 134 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2018–2021 (USD MILLION) 156 TABLE 135 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2022–2030 (USD MILLION) 156 11.6.4 BY REACTIVE POWER RATING 157 TABLE 136 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2018–2021 (USD MILLION) 157 TABLE 137 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2022–2030 (USD MILLION) 157 11.6.5 BY END USER 157 TABLE 138 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 157 TABLE 139 MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 158 11.6.6 BY COUNTRY 158 TABLE 140 REST OF THE MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2018–2021 (USD MILLION) 158 TABLE 141 REST OF THE MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2022–2030 (USD MILLION) 158 11.6.6.1 Kenya 159 11.6.6.1.1 Increasing number of power generation projects to drive market growth 159 TABLE 142 KENYA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 159 TABLE 143 KENYA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 159 11.6.6.2 Rest of Middle East & Africa 160 TABLE 144 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2018–2021 (USD MILLION) 160 TABLE 145 REST OF MIDDLE EAST & AFRICA: SYNCHRONOUS CONDENSER MARKET, BY END USER, 2022–2030 (USD MILLION) 160 12 COMPETITIVE LANDSCAPE 161 12.1 KEY PLAYER STRATEGIES 161 TABLE 146 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP MARKET PLAYERS, JANUARY 2017–JUNE 2022 161 12.2 MARKET SHARE ANALYSIS 163 TABLE 147 SYNCHRONOUS CONDENSER MARKET: DEGREE OF COMPETITION 163 FIGURE 41 SYNCHRONOUS CONDENSER MARKET SHARE ANALYSIS, 2021 164 12.3 REVENUE SHARE ANALYSIS OF TOP 5 MARKET PLAYERS 165 FIGURE 42 TOP 5 PLAYERS DOMINATED SYNCHRONOUS CONDENSER MARKET FROM 2017 TO 2021 165 12.4 COMPANY EVALUATION QUADRANT 166 12.4.1 STARS 166 12.4.2 EMERGING LEADERS 166 12.4.3 PERVASIVE PLAYERS 166 12.4.4 PARTICIPANTS 166 FIGURE 43 COMPETITIVE LEADERSHIP MAPPING: SYNCHRONOUS CONDENSER MARKET, 2021 167 12.5 SYNCHRONOUS CONDENSER MARKET: COMPANY FOOTPRINT 168 TABLE 148 TYPE: COMPANY FOOTPRINT 168 TABLE 149 REACTIVE POWER RATING: COMPANY FOOTPRINT 169 TABLE 150 REGION: COMPANY FOOTPRINT 170 TABLE 151 OVERALL COMPANY FOOTPRINT 171 12.6 COMPETITIVE SCENARIO 172 TABLE 152 SYNCHRONOUS CONDENSER MARKET: PRODUCT LAUNCHES, JANUARY 2017–SEPTEMBER 2021 172 TABLE 153 SYNCHRONOUS CONDENSER MARKET: DEALS, JANUARY 2017– SEPTEMBER 2021 172 13 COMPANY PROFILES 174 13.1 KEY PLAYERS 174 (Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)* 13.1.1 ABB 174 TABLE 154 ABB: BUSINESS OVERVIEW 174 FIGURE 44 ABB: COMPANY SNAPSHOT, 2021 175 TABLE 155 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 175 TABLE 156 ABB: PRODUCT LAUNCHES 176 TABLE 157 ABB: DEALS 176 TABLE 158 ABB: OTHERS 177 13.1.2 SIEMENS ENERGY 179 TABLE 159 SIEMENS ENERGY: BUSINESS OVERVIEW 179 FIGURE 45 SIEMENS ENERGY: COMPANY SNAPSHOT, 2021 180 TABLE 160 SIEMENS ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180 TABLE 161 SIEMENS ENERGY: OTHERS 181 13.1.3 GE 183 TABLE 162 GE: BUSINESS OVERVIEW 183 FIGURE 46 GE: COMPANY SNAPSHOT, 2021 184 TABLE 163 GE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184 TABLE 164 GE: OTHERS 185 13.1.4 WEG 187 TABLE 165 WEG: BUSINESS OVERVIEW 187 FIGURE 47 WEG: COMPANY SNAPSHOT, 2021 188 TABLE 166 WEG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188 TABLE 167 WEG: DEALS 189 TABLE 168 WEG: OTHERS 189 13.1.5 EATON 191 TABLE 169 EATON: BUSINESS OVERVIEW 191 FIGURE 48 EATON: COMPANY SNAPSHOT, 2021 192 TABLE 170 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192 13.1.6 ANDRITZ GROUP 194 TABLE 171 ANDRITZ GROUP: BUSINESS OVERVIEW 194 FIGURE 49 ANDRITZ GROUP: COMPANY SNAPSHOT, 2021 195 TABLE 172 ANDRITZ GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196 TABLE 173 ANDRITZ GROUP: OTHERS 196 13.1.7 ANSALDO ENERGIA 198 TABLE 174 ANSALDO ENERGIA: BUSINESS OVERVIEW 198 FIGURE 50 ANSALDO ENERGIA: COMPANY SNAPSHOT, 2021 199 TABLE 175 ANSALDO ENERGIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200 TABLE 176 ANSALDO ENERGIA: OTHERS 201 13.1.8 MITSUBISHI HEAVY INDUSTRIES 202 TABLE 177 MITSUBISHI HEAVY INDUSTRIES: BUSINESS OVERVIEW 202 FIGURE 51 MITSUBISHI HEAVY INDUSTRIES: COMPANY SNAPSHOT, 2020 203 TABLE 178 MITSUBISHI HEAVY INDUSTRIES: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 203 TABLE 179 MITSUBISHI HEAVY INDUSTRIES: OTHERS 204 13.1.9 VOITH GROUP 206 TABLE 180 VOITH GROUP: BUSINESS OVERVIEW 206 FIGURE 52 VOITH GROUP: COMPANY SNAPSHOT, 2021 207 TABLE 181 VOITH GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207 TABLE 182 VOITH GROUP: OTHERS 208 13.1.10 FUJI ELECTRIC 210 TABLE 183 FUJI ELECTRIC: BUSINESS OVERVIEW 210 FIGURE 53 FUJI ELECTRIC: COMPANY SNAPSHOT, 2020 211 TABLE 184 FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212 13.1.11 BHARAT HEAVY ELECTRICALS LIMITED (BHEL) 213 TABLE 185 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): BUSINESS OVERVIEW 213 FIGURE 54 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): COMPANY SNAPSHOT, 2021 214 TABLE 186 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): PRODUCTS/SOLUTIONS/ SERVICES OFFERED 214 13.1.12 IDEAL ELECTRIC POWER (HYUNDAI IDEAL ELECTRIC CO.) 215 TABLE 187 IDEAL ELECTRIC POWER: BUSINESS OVERVIEW 215 TABLE 188 IDEAL ELECTRIC POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215 13.1.13 POWER SYSTEMS & CONTROLS 216 TABLE 189 POWER SYSTEMS & CONTROLS (PS&C): BUSINESS OVERVIEW 216 TABLE 190 POWER SYSTEMS & CONTROLS (PS&C): PRODUCTS/SOLUTIONS/ SERVICES OFFERED 216 13.1.14 BRUSH GROUP 217 TABLE 191 BRUSH GROUP: BUSINESS OVERVIEW 217 TABLE 192 BRUSH GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217 13.1.15 ELECTROMECHANICAL ENGINEERING ASSOCIATES 218 TABLE 193 ELECTROMECHANICAL ENGINEERING ASSOCIATES (EME): BUSINESS OVERVIEW 218 TABLE 194 ELECTROMECHANICAL ENGINEERING ASSOCIATES (EME): PRODUCTS/SOLUTIONS/SERVICES OFFERED 218 TABLE 195 ELECTROMECHANICAL ENGINEERING ASSOCIATES (EME): OTHERS 219 13.1.16 ANHUI ZHONGDIAN (ZDDQ) ELECTRIC CO., LTD. 220 TABLE 196 ANHUI ZHONGDIAN ELECTRIC CO., LTD.: BUSINESS OVERVIEW 220 TABLE 197 ANHUI ZHONGDIAN ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 220 13.1.17 SHANGHAI ELECTRIC 221 TABLE 198 SHANGHAI ELECTRIC: BUSINESS OVERVIEW 221 TABLE 199 SHANGHAI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 221 13.1.18 INGETEAM 222 TABLE 200 INGETEAM: BUSINESS OVERVIEW 222 TABLE 201 INGETEAM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222 13.1.19 DOOSAN ŠKODA POWER 223 TABLE 202 DOOSAN ŠKODA POWER: BUSINESS OVERVIEW 223 TABLE 203 DOOSAN ŠKODA POWER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223 13.1.20 HANGZHOU JINGCHENG ELECTRICAL EQUIPMENT CO., LTD. 224 TABLE 204 HANGZHOU JINGCHENG ELECTRICAL EQUIPMENT CO., LTD.: BUSINESS OVERVIEW 224 TABLE 205 HANGZHOU JINGCHENG ELECTRICAL EQUIPMENT CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 224 *Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 14 APPENDIX 225 14.1 INSIGHTS FROM INDUSTRY EXPERTS 225 14.2 DISCUSSION GUIDE 226 14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 231 14.4 CUSTOMIZATION OPTIONS 233 14.5 RELATED REPORTS 233 14.6 AUTHOR DETAILS 234
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