Europe 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 Europe Synchronous Condenser Market would witness market growth of 2.5% CAGR during the forecast period (2022-2028).

The synchronous condensers market is anticipated to have significant expansion in the coming years due to the increase in the production of renewable energy. Until there were any electronic power compensation devices, the traditional method for controlling reactive power was a synchronous condenser. An AC synchronous motor that is not connected to any powered machinery is referred to a conventional synchronous condenser.

When utilized with the proper automatic exciter, the gadget can continuously control reactive power. A rise in the device's field excitation causes the system to receive more magnetizing power (kVAr). Transmission and distribution voltage levels have typically used synchronous condensers to increase stability and keep voltages within tolerable levels under contingency situations and changing load conditions. They do this by supplying losses with a little amount of active power through the power system.

Government initiatives in the region in order to produce and leverage more renewable energy are rising at a very rapid pace. According to Eurostat, in 2020, the EU's total net power generation was 2 664 Terawatt hours (TWh), which is 4% less than the previous year. With a total output of 2 844 TWh in 2008, the EU's net electricity generation in 2020 was 6.3% lower than that year. Germany was the EU Member State with the greatest level of net electricity generation in 2020, contributing 20.5% of the EU's total, marginally ahead of France (19.1%)., Italy was the only other country with a double-digit proportion (10.2%).

The Germany market dominated the Europe Synchronous Condenser Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $46.9 million by 2028. The UK market is anticipated to grow a CAGR of 1.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 3.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Synchronous Condenser Market will Hit $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

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

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 Europe Synchronous Condenser Market, by Reactive Power rating
1.4.2 Europe Synchronous Condenser Market, by Starting Method
1.4.3 Europe Synchronous Condenser Market, by Cooling Technology
1.4.4 Europe Synchronous Condenser Market, by Installation Type
1.4.5 Europe Synchronous Condenser Market, by End User
1.4.6 Europe 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. Europe Synchronous Condenser Market by Reactive Power rating
4.1 Europe Above 200 MVAr Market by Country
4.2 Europe 101–200 MVAr Market by Country
4.3 Europe Up to 100 MVAr Market by Country

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

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

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

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

Chapter 9. Europe Synchronous Condenser Market by Country
9.1 Germany Synchronous Condenser Market
9.1.1 Germany Synchronous Condenser Market by Reactive Power rating
9.1.2 Germany Synchronous Condenser Market by Starting Method
9.1.3 Germany Synchronous Condenser Market by Cooling Technology
9.1.4 Germany Synchronous Condenser Market by Installation Type
9.1.5 Germany Synchronous Condenser Market by End User
9.2 UK Synchronous Condenser Market
9.2.1 UK Synchronous Condenser Market by Reactive Power rating
9.2.2 UK Synchronous Condenser Market by Starting Method
9.2.3 UK Synchronous Condenser Market by Cooling Technology
9.2.4 UK Synchronous Condenser Market by Installation Type
9.2.5 UK Synchronous Condenser Market by End User
9.3 France Synchronous Condenser Market
9.3.1 France Synchronous Condenser Market by Reactive Power rating
9.3.2 France Synchronous Condenser Market by Starting Method
9.3.3 France Synchronous Condenser Market by Cooling Technology
9.3.4 France Synchronous Condenser Market by Installation Type
9.3.5 France Synchronous Condenser Market by End User
9.4 Russia Synchronous Condenser Market
9.4.1 Russia Synchronous Condenser Market by Reactive Power rating
9.4.2 Russia Synchronous Condenser Market by Starting Method
9.4.3 Russia Synchronous Condenser Market by Cooling Technology
9.4.4 Russia Synchronous Condenser Market by Installation Type
9.4.5 Russia Synchronous Condenser Market by End User
9.5 Spain Synchronous Condenser Market
9.5.1 Spain Synchronous Condenser Market by Reactive Power rating
9.5.2 Spain Synchronous Condenser Market by Starting Method
9.5.3 Spain Synchronous Condenser Market by Cooling Technology
9.5.4 Spain Synchronous Condenser Market by Installation Type
9.5.5 Spain Synchronous Condenser Market by End User
9.6 Italy Synchronous Condenser Market
9.6.1 Italy Synchronous Condenser Market by Reactive Power rating
9.6.2 Italy Synchronous Condenser Market by Starting Method
9.6.3 Italy Synchronous Condenser Market by Cooling Technology
9.6.4 Italy Synchronous Condenser Market by Installation Type
9.6.5 Italy Synchronous Condenser Market by End User
9.7 Rest of Europe Synchronous Condenser Market
9.7.1 Rest of Europe Synchronous Condenser Market by Reactive Power rating
9.7.2 Rest of Europe Synchronous Condenser Market by Starting Method
9.7.3 Rest of Europe Synchronous Condenser Market by Cooling Technology
9.7.4 Rest of Europe Synchronous Condenser Market by Installation Type
9.7.5 Rest of Europe 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 Europe Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 2 Europe Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 3 Europe Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 4 Europe Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 5 Europe Above 200 MVAr Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Above 200 MVAr Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe 101–200 MVAr Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe 101–200 MVAr Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Up to 100 MVAr Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Up to 100 MVAr Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 12 Europe Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 13 Europe Static Frequency Converter Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Static Frequency Converter Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Pony Motor Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Pony Motor Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 20 Europe Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 21 Europe Hydrogen-Cooled Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Hydrogen-Cooled Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Air-Cooled Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Air-Cooled Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Water-Cooled Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Water-Cooled Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 28 Europe Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 29 Europe New Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe New Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Refurbished Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Refurbished Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 34 Europe Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 35 Europe Electrical Utilities Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Electrical Utilities Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Industrial Sector Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Industrial Sector Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Synchronous Condenser Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Synchronous Condenser Market by Country, 2022 - 2028, USD Million
TABLE 41 Germany Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 42 Germany Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 43 Germany Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 44 Germany Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 45 Germany Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 46 Germany Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 47 Germany Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 48 Germany Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 49 Germany Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 50 Germany Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 51 Germany Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 52 Germany Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 53 UK Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 54 UK Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 55 UK Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 56 UK Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 57 UK Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 58 UK Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 59 UK Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 60 UK Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 61 UK Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 62 UK Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 63 UK Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 64 UK Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 65 France Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 66 France Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 67 France Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 68 France Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 69 France Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 70 France Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 71 France Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 72 France Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 73 France Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 74 France Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 75 France Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 76 France Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 77 Russia Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 78 Russia Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 79 Russia Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 80 Russia Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 81 Russia Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 82 Russia Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 83 Russia Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 84 Russia Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 85 Russia Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 86 Russia Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 87 Russia Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 88 Russia Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 89 Spain Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 90 Spain Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 91 Spain Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 92 Spain Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 93 Spain Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 94 Spain Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 95 Spain Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 96 Spain Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 97 Spain Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 98 Spain Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 99 Spain Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 100 Spain Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 101 Italy Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 102 Italy Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 103 Italy Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 104 Italy Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 105 Italy Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 106 Italy Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 107 Italy Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 108 Italy Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 109 Italy Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 110 Italy Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 111 Italy Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 112 Italy Synchronous Condenser Market by End User, 2022 - 2028, USD Million
TABLE 113 Rest of Europe Synchronous Condenser Market, 2018 - 2021, USD Million
TABLE 114 Rest of Europe Synchronous Condenser Market, 2022 - 2028, USD Million
TABLE 115 Rest of Europe Synchronous Condenser Market by Reactive Power rating, 2018 - 2021, USD Million
TABLE 116 Rest of Europe Synchronous Condenser Market by Reactive Power rating, 2022 - 2028, USD Million
TABLE 117 Rest of Europe Synchronous Condenser Market by Starting Method, 2018 - 2021, USD Million
TABLE 118 Rest of Europe Synchronous Condenser Market by Starting Method, 2022 - 2028, USD Million
TABLE 119 Rest of Europe Synchronous Condenser Market by Cooling Technology, 2018 - 2021, USD Million
TABLE 120 Rest of Europe Synchronous Condenser Market by Cooling Technology, 2022 - 2028, USD Million
TABLE 121 Rest of Europe Synchronous Condenser Market by Installation Type, 2018 - 2021, USD Million
TABLE 122 Rest of Europe Synchronous Condenser Market by Installation Type, 2022 - 2028, USD Million
TABLE 123 Rest of Europe Synchronous Condenser Market by End User, 2018 - 2021, USD Million
TABLE 124 Rest of Europe 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.