동기 콘덴서 시장 규모, 점유율, 성장 분석 : 냉각 기술별, 시동방법별, 무효 전력정격별, 최종사용자별, 유형별, 지역별 - 산업 예측(2025-2032년)

Synchronous Condenser Market size was valued at USD 680.2 million in 2023 and is poised to grow from USD 698.6 million in 2024 to USD 841.7 million by 2032, growing at a CAGR of 2.7% during the forecast period (2025-2032).

The aging power infrastructure across various regions necessitates significant rehabilitation to align with modern energy demands and regulatory standards. In response, synchronous condensers are gaining traction, particularly in North America and Europe, due to their superior reliability compared to outdated machinery. The integration of smart grid technology is crucial, as it enhances electricity distribution through advanced communication and control mechanisms, with synchronous condensers playing a vital role in providing dynamic reactive power support to bolster system stability and efficiency. The increased utilization of synchronous condensers in renewable energy projects and the anticipated investments in the electric utilities sector signal a transformative shift in market dynamics, indicating strong growth prospects driven by the need for grid stabilization and power quality improvements amidst rising renewable energy generation.

Top-down and bottom-up approaches were used to estimate and validate the size of the Synchronous Condenser market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Synchronous Condenser Market Segments Analysis

Global Synchronous Condenser Market is segmented by Cooling Technology, Starting Method, Reactive Power Rating, End User, Type, Design, No. of Poles, Excitation System Type and region. Based on Cooling Technology, the market is segmented into Hydrogen Cooled Synchronous Condenser, Air-Cooled Synchronous Condenser and Water Cooled Synchronous Condenser. Based on Starting Method, the market is segmented into Static Frequency Convertor, Pony Motor and Others. Based on Reactive Power Rating, the market is segmented into Above 200 MVAR, 101-200 MVAR, 61-100 MVAR, 31-60 MVAR and 0-30 MVAR. Based on End User, the market is segmented into Electrical Utilities and Industrial Sectors. Based on Type, the market is segmented into New Synchronous Condenser and Refurbished Synchronous Condenser. Based on Design, the market is segmented into Salient Pole Design and Cylindrical Rotor Design. Based on No. of Poles, the market is segmented into 4 To 8, Less than 4 and More than 8. Based on Excitation System Type, the market is segmented into Static Excitation and Brushless Excitation System. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Synchronous Condenser Market

The global shift towards renewable energy sources, such as wind and solar power, has significantly boosted the demand for solutions that enhance grid stability. Synchronous condensers play a vital role in managing fluctuations in power generation by providing essential reactive power support. This capability makes them indispensable for effectively integrating renewable energy into large-scale national electrical grids, ensuring a reliable and balanced energy supply. As the reliance on green energy continues to grow, the importance of synchronous condensers in maintaining grid stability and facilitating a smooth transition to sustainable energy systems cannot be overstated.

Restraints in the Synchronous Condenser Market

The Synchronous Condenser market faces significant challenges due to competing grid stabilization technologies, such as static VAR compensators (SVCs) and battery energy storage systems (BESS). These alternatives are frequently perceived as more versatile, cost-effective, and easier to deploy, which can diminish the demand for synchronous condensers in various regions or applications. As these technologies gain traction, their ability to provide similar stabilization benefits, often with reduced investment and installation complexities, may lead to a decreased reliance on synchronous condensers, thereby limiting their market growth and presence in the evolving energy landscape.

Market Trends of the Synchronous Condenser Market

The Synchronous Condenser market is witnessing a significant trend towards the adoption of hydrogen-cooled synchronous condensers, driven by their superior efficiency and reduced environmental impact. As hydrogen energy technologies advance, these condensers are emerging as a preferred solution for bulk power stabilization, particularly in regions abundant in renewable energy resources. This shift not only aligns with sustainability goals but also enhances grid stability and reliability, fostering a growing acceptance globally. As energy sectors prioritize decarbonization and the integration of renewables, the demand for hydrogen-cooled synchronous condensers is expected to rise, shaping the future landscape of power management systems.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Synchronous Condenser Market Size by Cooling Technology & CAGR (2025-2032)

• Market Overview
• Hydrogen Cooled Synchronous Condenser
• Air-Cooled Synchronous Condenser
• Water Cooled Synchronous Condenser

Global Synchronous Condenser Market Size by Starting Method & CAGR (2025-2032)

• Market Overview
• Static Frequency Convertor
• Pony Motor
• Others

Global Synchronous Condenser Market Size by Reactive Power Rating & CAGR (2025-2032)

• Market Overview
• Above 200 MVAR
• 101-200 MVAR
• 61-100 MVAR
• 31-60 MVAR
• 0-30 MVAR

Global Synchronous Condenser Market Size by End User & CAGR (2025-2032)

• Market Overview
• Electrical Utilities
• Industrial Sectors

Global Synchronous Condenser Market Size by Type & CAGR (2025-2032)

• Market Overview
• New Synchronous Condenser
• Refurbished Synchronous Condenser

Global Synchronous Condenser Market Size by Design & CAGR (2025-2032)

• Market Overview
• Salient Pole Design
• Cylindrical Rotor Design

Global Synchronous Condenser Market Size by No. of Poles & CAGR (2025-2032)

• Market Overview
• 4 To 8
• Less than 4
• More than 8

Global Synchronous Condenser Market Size by Excitation System Type & CAGR (2025-2032)

• Market Overview
• Static Excitation
• Brushless Excitation System

Global Synchronous Condenser Market Size & CAGR (2025-2032)

• North America (Cooling Technology, Starting Method, Reactive Power Rating, End User, Type, Design, No. of Poles, Excitation System Type)
  • US
  • Canada
• Europe (Cooling Technology, Starting Method, Reactive Power Rating, End User, Type, Design, No. of Poles, Excitation System Type)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Cooling Technology, Starting Method, Reactive Power Rating, End User, Type, Design, No. of Poles, Excitation System Type)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Cooling Technology, Starting Method, Reactive Power Rating, End User, Type, Design, No. of Poles, Excitation System Type)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Cooling Technology, Starting Method, Reactive Power Rating, End User, Type, Design, No. of Poles, Excitation System Type)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• ABB (Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Electric (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Andritz AG (Austria)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• WEG (Brazil)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eaton (Ireland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Voith Group (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ansaldo Energia (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toshiba Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fuji Electric (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bharat Heavy Electricals Limited (BHEL) (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Brush Group (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Doosan Skoda Power (Czech Republic)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ideal Electric Company (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Power Systems & Controls Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Electric Power Products, Inc. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• NIDEC Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shanghai Electric (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hitachi Energy Ltd. (Japan/Switzerland)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sustainable Power Systems Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations