LAMEA 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 Latin America, Middle East and Africa Synchronous Condenser Market would witness market growth of 6.0% CAGR during the forecast period (2022-2028).

Synchronous condensers are commonly used in HVDC (which provides short-circuit strength and dynamic reactive power support), Wind / Solar (which increases short-circuit ratio), Grid Support (which enhances voltage support during faults and contingencies, weak AC grid performance, and limits ROCOF), and Regulation (can function as dynamic voltage regulation and inertia from retired units).

Research and investments in synchronous condensing technology were spurred by the rising proportion of renewable energy sources in the energy mix. In order to best utilize conventional synchronous condenser technology in their networks from a technical and financial aspect, utilities are rediscovering their advantages.

The HTS synchronous condenser benefits from the advancements made in HTS research and innovation from a technological perspective. Grid formation, converter synchronization, and virtual synchronous machines. The analysis of synchronous condensers' use in various grid locations, their function in frequency response markets, and potential applications for synchronous condensers in future system design are the current research priorities.

The industrial sector of regional countries is very robust. In addition, the UAE’s industrial sector is thriving significantly. According to the United Arab Emirates Ministry of Economy, the UAE provides a competitive package of incentives to encourage investments in industrial and technological firms operating in strategic industries.

The Brazil market dominated the LAMEA Synchronous Condenser Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11.3 million by 2028. The Argentina market is experiencing a CAGR of 6.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 5.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Synchronous Condenser Market is Predict to reach $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

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

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

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

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

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

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

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