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Asia Pacific Synchronous Condenser Market Share

Report ID: GMI10689
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific Synchronous Condenser Market Share

Companies such as ABB, Siemens, and Hitachi command substantial market shares in the synchronous condenser sector due to their extensive experience, cutting-edge technology, and strong global presence. Their deep expertise in delivering reliable and efficient grid solutions, along with robust research and development capabilities, enables them to offer high-performance synchronous condensers. Additionally, these companies leverage their established relationships with utilities and industrial clients, positioning themselves advantageously in the market as trusted providers of crucial grid stability and power quality solutions.

Asia Pacific Synchronous Condenser Market Companies

Major key players operating in the Asia Pacific synchronous condenser industry is mentioned below:

Ansaldo Energia
ABB
Doosan
Eaton
General Electric
Hitachi Energy Ltd.
Mitsubishi Electric Power Products, Inc.
Power Systems & Controls, Inc.
Siemens Energy
Toshiba Energy Systems & Solutions Corporation
WEG

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Asia Pacific market for synchronous condenser was reached USD 413.9 million in 2023 and is expected to register 7.2% CAGR from 2024 to 2032, owing to the increasing industrialization, urbanization, and the expansion of renewable energy sources in the region.

Asia Pacific synchronous condenser industry from the air-cooled segment is expected to exceed USD 414.5 million by 2032, due to their simpler design and absence of a cooling water infrastructure making them a more economical choice.

India synchronous condenser industry is likely to cross over USD 298.5 million by 2032, due to India’s ambitious goals to increase the share of renewable energy in its power mix, driving the need for technologies that support grid stability and power quality.

Ansaldo Energia, ABB, Doosan, Eaton, General Electric, Hitachi Energy Ltd., Mitsubishi Electric Power Products, Inc., Power Systems & Controls, Inc., Siemens Energy, Toshiba Energy Systems & Solutions Corporation, and WEG, are some of the major synchronous condenser companies in Asia Pacific.