Asia Pacific Synchronous Condenser Market Size, Share & Industry Trends Analysis Report By Reactive Power rating, By Starting Method, By Cooling Technology, By Installation Type (New and Refurbished), By End User, By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Synchronous Condenser Market would witness market growth of 3.4% CAGR during the forecast period (2022-2028).

The second form of the machine, HTS-based machines, which are more compact, lighter, more efficient, and less expensive to produce and run than conventional machines was made possible by the invention of high-temperature superconductivity. Superconducting electromagnets composed of high-temperature superconductor materials can now operate at greater temperatures because of advancements in HTS wire technology.

They use simpler, cheaper, and more effective cooling systems owing to this. As a result, HTS wires are technically and financially viable for condenser applications for power ratings lower than those that the low-temperature superconductor wire can handle. Harmonic currents can even be absorbed by synchronous condensers, which are not harmonic current sources.

To go even further, synchronous condensers could be used as a solution in India. They function similarly to synchronous generators as their motors produce inertia and short-circuit power and, consequently, system strength, although they rotate freely. Synchronous condensers are rapidly being considered as solutions for integrating renewable energy sources to produce electricity in India in 2021. Additionally, synchronous condensers are a well-known and tested technique that has traditionally been used to sustain voltage in particular areas. This factor would spur the growth of the regional synchronous condensers market.

The China market dominated the Asia Pacific Synchronous Condenser Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $52.9 million by 2028. The Japan market is estimated to grow a CAGR of 2.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 3.9% during (2022 - 2028).

Based on Reactive Power rating, the market is segmented into Above 200 MVAr, 101–200 MVAr, and Up to 100 MVAr. Based on Starting Method, the market is segmented into Static Frequency Converter, Pony Motor, and Others. Based on Cooling Technology, the market is segmented into Hydrogen-Cooled, Air-Cooled, and Water-Cooled. Based on Installation Type, the market is segmented into New and Refurbished. Based on End User, the market is segmented into Electrical Utilities and Industrial Sector. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Synchronous Condenser Market is Projected to reach USD 676.9 Million by 2028, at a CAGR of 2.9%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, General Electric (GE) Co., ANDRITZ Group, WEG Equipamentos Elétricos S.A., Fuji Electric Co., Ltd., Mitsubishi Heavy Industries Ltd., Siemens Energy AG, Eaton Corporation PLC, Bharat Heavy Electricals Ltd., and Ansaldo Energia S.p.A.

Scope of the Study

Market Segments Covered in the Report:

By Reactive Power rating

• Above 200 MVAr
• 101–200 MVAr
• Up to 100 MVAr

By Starting Method

• Static Frequency Converter
• Pony Motor
• Others

By Cooling Technology

• Hydrogen-Cooled
• Air-Cooled
• Water-Cooled

By Installation Type

• New
• Refurbished

By End User

• Electrical Utilities
• Industrial Sector

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• ABB Group
• General Electric (GE) Co.
• ANDRITZ Group
• WEG Equipamentos Elétricos S.A.
• Fuji Electric Co., Ltd.
• Mitsubishi Heavy Industries Ltd.
• Siemens Energy AG
• Eaton Corporation PLC
• Bharat Heavy Electricals Ltd.
• Ansaldo Energia S.p.A.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Synchronous Condenser Market, by Reactive Power rating
1.4.2 Asia Pacific Synchronous Condenser Market, by Starting Method
1.4.3 Asia Pacific Synchronous Condenser Market, by Cooling Technology
1.4.4 Asia Pacific Synchronous Condenser Market, by Installation Type
1.4.5 Asia Pacific Synchronous Condenser Market, by End User
1.4.6 Asia Pacific Synchronous Condenser Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Strategies deployed in Synchronous Condenser Market

Chapter 4. Asia Pacific Synchronous Condenser Market by Reactive Power rating
4.1 Asia Pacific Above 200 MVAr Market by Country
4.2 Asia Pacific 101–200 MVAr Market by Country
4.3 Asia Pacific Up to 100 MVAr Market by Country

Chapter 5. Asia Pacific Synchronous Condenser Market by Starting Method
5.1 Asia Pacific Static Frequency Converter Market by Country
5.2 Asia Pacific Pony Motor Market by Country
5.3 Asia Pacific Others Market by Country

Chapter 6. Asia Pacific Synchronous Condenser Market by Cooling Technology
6.1 Asia Pacific Hydrogen-Cooled Market by Country
6.2 Asia Pacific Air-Cooled Market by Country
6.3 Asia Pacific Water-Cooled Market by Country

Chapter 7. Asia Pacific Synchronous Condenser Market by Installation Type
7.1 Asia Pacific New Market by Country
7.2 Asia Pacific Refurbished Market by Country

Chapter 8. Asia Pacific Synchronous Condenser Market by End User
8.1 Asia Pacific Electrical Utilities Market by Country
8.2 Asia Pacific Industrial Sector Market by Country

Chapter 9. Asia Pacific Synchronous Condenser Market by Country
9.1 China Synchronous Condenser Market
9.1.1 China Synchronous Condenser Market by Reactive Power rating
9.1.2 China Synchronous Condenser Market by Starting Method
9.1.3 China Synchronous Condenser Market by Cooling Technology
9.1.4 China Synchronous Condenser Market by Installation Type
9.1.5 China Synchronous Condenser Market by End User
9.2 Japan Synchronous Condenser Market
9.2.1 Japan Synchronous Condenser Market by Reactive Power rating
9.2.2 Japan Synchronous Condenser Market by Starting Method
9.2.3 Japan Synchronous Condenser Market by Cooling Technology
9.2.4 Japan Synchronous Condenser Market by Installation Type
9.2.5 Japan Synchronous Condenser Market by End User
9.3 India Synchronous Condenser Market
9.3.1 India Synchronous Condenser Market by Reactive Power rating
9.3.2 India Synchronous Condenser Market by Starting Method
9.3.3 India Synchronous Condenser Market by Cooling Technology
9.3.4 India Synchronous Condenser Market by Installation Type
9.3.5 India Synchronous Condenser Market by End User
9.4 South Korea Synchronous Condenser Market
9.4.1 South Korea Synchronous Condenser Market by Reactive Power rating
9.4.2 South Korea Synchronous Condenser Market by Starting Method
9.4.3 South Korea Synchronous Condenser Market by Cooling Technology
9.4.4 South Korea Synchronous Condenser Market by Installation Type
9.4.5 South Korea Synchronous Condenser Market by End User
9.5 Singapore Synchronous Condenser Market
9.5.1 Singapore Synchronous Condenser Market by Reactive Power rating
9.5.2 Singapore Synchronous Condenser Market by Starting Method
9.5.3 Singapore Synchronous Condenser Market by Cooling Technology
9.5.4 Singapore Synchronous Condenser Market by Installation Type
9.5.5 Singapore Synchronous Condenser Market by End User
9.6 Malaysia Synchronous Condenser Market
9.6.1 Malaysia Synchronous Condenser Market by Reactive Power rating
9.6.2 Malaysia Synchronous Condenser Market by Starting Method
9.6.3 Malaysia Synchronous Condenser Market by Cooling Technology
9.6.4 Malaysia Synchronous Condenser Market by Installation Type
9.6.5 Malaysia Synchronous Condenser Market by End User
9.7 Rest of Asia Pacific Synchronous Condenser Market
9.7.1 Rest of Asia Pacific Synchronous Condenser Market by Reactive Power rating
9.7.2 Rest of Asia Pacific Synchronous Condenser Market by Starting Method
9.7.3 Rest of Asia Pacific Synchronous Condenser Market by Cooling Technology
9.7.4 Rest of Asia Pacific Synchronous Condenser Market by Installation Type
9.7.5 Rest of Asia Pacific Synchronous Condenser Market by End User

Chapter 10. Company Profiles
10.1 ABB Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 General Electric (GE) Co.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 ANDRITZ Group
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental & Regional Analysis
10.3.4 Segmental Analysis
10.3.5 Research & Development Expense
10.3.6 Recent strategies and developments:
10.3.6.1 Partnerships, Collaborations, and Agreements:
10.4 WEG Equipamentos Elétricos S.A.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Recent strategies and developments:
10.4.4.1 Acquisition and Mergers:
10.5 Fuji Electric Co. Ltd.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expense
10.6 Mitsubishi Heavy Industries Ltd.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental Analysis
10.6.4 Research & Development Expenses
10.7 Siemens Energy AG
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.8 Eaton Corporation PLC
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expense
10.9 Bharat Heavy Electricals Ltd.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental Analysis
10.10. Ansaldo Energia S.p.A.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis

TABLE 1 Asia Pacific Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Above 200 MVAr Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Above 200 MVAr Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific 101–200 MVAr Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific 101–200 MVAr Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Up to 100 MVAr Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Up to 100 MVAr Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Static Frequency Converter Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Static Frequency Converter Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Pony Motor Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Pony Motor Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Hydrogen-Cooled Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Hydrogen-Cooled Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Air-Cooled Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Air-Cooled Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Water-Cooled Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Water-Cooled Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 29 Asia Pacific New Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific New Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific Refurbished Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific Refurbished Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Electrical Utilities Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Electrical Utilities Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Industrial Sector Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Industrial Sector Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Synchronous Condenser Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Synchronous Condenser Market by Country, 2022 - 2028, USD Million
TABLE 41 China Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 42 China Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 43 China Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 44 China Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 45 China Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 46 China Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 47 China Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 48 China Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 49 China Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 50 China Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 51 China Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 52 China Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 53 Japan Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 54 Japan Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 55 Japan Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 56 Japan Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 57 Japan Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 58 Japan Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 59 Japan Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 60 Japan Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 61 Japan Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 62 Japan Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 63 Japan Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 64 Japan Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 65 India Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 66 India Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 67 India Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 68 India Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 69 India Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 70 India Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 71 India Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 72 India Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 73 India Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 74 India Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 75 India Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 76 India Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 77 South Korea Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 78 South Korea Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 79 South Korea Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 80 South Korea Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 81 South Korea Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 82 South Korea Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 83 South Korea Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 84 South Korea Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 85 South Korea Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 86 South Korea Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 87 South Korea Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 88 South Korea Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 89 Singapore Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 90 Singapore Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 91 Singapore Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 92 Singapore Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 93 Singapore Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 94 Singapore Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 95 Singapore Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 96 Singapore Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 97 Singapore Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 98 Singapore Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 99 Singapore Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 100 Singapore Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 101 Malaysia Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 102 Malaysia Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 103 Malaysia Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 104 Malaysia Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 105 Malaysia Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 106 Malaysia Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 107 Malaysia Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 108 Malaysia Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 109 Malaysia Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 110 Malaysia Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 111 Malaysia Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 112 Malaysia Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 113 Rest of Asia Pacific Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 114 Rest of Asia Pacific Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 115 Rest of Asia Pacific Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 116 Rest of Asia Pacific Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 117 Rest of Asia Pacific Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 118 Rest of Asia Pacific Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 119 Rest of Asia Pacific Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 120 Rest of Asia Pacific Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 121 Rest of Asia Pacific Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 122 Rest of Asia Pacific Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 123 Rest of Asia Pacific Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 124 Rest of Asia Pacific Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 125 Key Information – ABB Group
TABLE 126 Key Information – General Electric (GE) Co.
TABLE 127 Key Information – ANDRITZ Group
TABLE 128 Key Information – WEG Equipamentos Elétricos S.A.
TABLE 129 Key Information – Fuji Electric Co., Ltd.
TABLE 130 Key Information – Mitsubishi Heavy Industries Ltd.
TABLE 131 Key Information – Siemens Energy AG
TABLE 132 key information – Eaton Corporation PLC
TABLE 133 Key information – Bharat Heavy Electricals Ltd.
TABLE 134 Key Information – Ansaldo Energia S.p.A.

List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: ABB Group
FIG 3 Swot analysis: General electric (GE) Co.