Home > Energy & Power > Electrical Equipment > Synchronous Condenser > Utility Scale Air Cooled Synchronous Condenser Market

Utility Scale Air Cooled Synchronous Condenser Market Share

Report ID: GMI10941
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Utility Scale Air Cooled Synchronous Condenser Market Share

Utility Scale Air Cooled Synchronous Condenser Company Market Share Analysis, 2023

To get key market trends

Download Free Sample

Companies like General Electric, Siemens, and Eaton command a significant share of the electrical equipment and solutions market due to their substantial investments in research and development. These efforts drive innovation, leading to advanced technologies that improve product performance, efficiency, and reliability, giving them a competitive advantage. Furthermore, these companies have expansive global networks with well-established sales channels and distribution networks. This extensive reach allows them to penetrate a wide range of markets and serve a diverse customer base worldwide, bolstering their market share.

Utility Scale Air Cooled Synchronous Condenser Market Companies

Eminent players operating in the utility scale air cooled synchronous condenser industry include:

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

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of utility scale air cooled synchronous condenser was worth over USD 570.4 million in 2023 and is expected to register 3.7% CAGR from 2024 to 2032, owing to increasing investments in grid modernization, digitalization, and smart city initiatives worldwide.

Utility scale air cooled synchronous condenser industry from the static drive segment is expected to reach USD 594.3 million by 2032, due to its advantages in improving operational flexibility, efficiency, and control.

Europe utility scale air cooled synchronous condenser industry is expected to reach USD 321.5 million by 2032, due to aggressive shift toward renewable energy and the resulting need for grid stability in the region.

ABB, Eaton, Mitsubishi Electric Power Products, Inc., Nidec Corporation, Power Systems & Controls, Inc., Shanghai Electric, Siemens Energy, Toshiba Energy Systems & Solutions Corporation, and WEG are some of the major utility scale air cooled synchronous condenser companies worldwide.