Synchronous Condenser Market by Cooling Type (Hydrogen-cooled, Air-Cooled, Water-Cooled), Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End User, Reactive Power Rating, and Region - Global Forecast to 2030
상품코드:1944730
리서치사:MarketsandMarkets
발행일:2026년 02월
페이지 정보:영문 238 Pages
라이선스 & 가격 (부가세 별도)
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한글목차
세계의 동기 콘덴서 시장 규모는 2025년 7억 2,000만 달러에서 2030년까지 8억 4,000만 달러에 이를 것으로 추정되며, 예측 기간에 CAGR 3.3%의 성장이 전망되고 있습니다.
주요 경제권의 인프라 개발이 가속화되고 송전망이 확장됨에 따라 전력망의 안정성과 신뢰성을 높이는 동기 콘덴서에 대한 수요가 크게 증가하고 있습니다.
조사 범위
조사 대상 기간
2021-2030년
기준연도
2024년
예측 기간
2025-2030년
단위
100만/10억 달러
부문
냉각 유형, 유형, 시동 방식, 최종사용자, 정격 무효 전력
대상 지역
아시아태평양, 북미, 남미, 중동 및 아프리카, 유럽
인도의 경우, 이러한 수요는 Revamped Distribution Sector Scheme(RDSS)과 같은 야심찬 국가 계획과 초고압 송전 회랑, 재생에너지 회랑, 스마트 그리드 프로그램에 대한 막대한 투자에 의해 촉진되고 있습니다. 이러한 프로젝트에는 고급 무효 전력 관리 및 관성 지원이 필요하며, 동기 콘덴서는 전압 불안정성을 제거하고, 고장 시 내결함성을 보장하며, 빠르게 성장하는 고압 네트워크에서 안전하고 효율적인 전력 흐름을 촉진하기 위한 노력의 최전선에 서 있습니다.
미국에서는 Bipartisan Infrastructure Act와 Inflation Reduction Act에 근거한 대규모 자금 지원을 포함한 광범위한 연방 프로그램이 전력망 현대화, 원격지에 위치한 재생에너지원 연결, 이상기후에 대한 내성 향상을 목표로 하고 있습니다. 이를 통해 기존 송전 시스템에서 순간적인 회로 강도, 동적 전압 제어, 인공 관성을 제공하는 동기 조율기의 보급을 촉진할 수 있습니다. 이러한 발전은 변동성 발전원의 대폭적인 통합을 가능하게 하는 동시에 출력 억제를 줄이고, 상호 연결된 전력망 전체에서 청정 에너지의 안정적인 공급을 보장하며, 기존 인프라의 한계에 대응할 수 있습니다.
냉각 기술별로 보면, 예측 기간 동안 수소 냉각식 동기 콘덴서 부문이 동기 콘덴서 시장에서 가장 큰 냉각 기술 부문이 될 것으로 예측됩니다.
수소 냉각 부문은 예측 기간 동안 동기 콘덴서 시장에서 가장 큰 점유율을 차지할 것으로 예측됩니다. 이는 우수한 열전도율, 강화된 방열 성능, 대규모 유틸리티 및 송전 프로젝트에서 대용량 운전을 지원할 수 있는 능력을 제공하기 위함입니다. 수소 냉각식 동기 콘덴서는 높은 전력 밀도, 낮은 에너지 손실, 고부하 하에서 높은 성능을 제공하며, 높은 관성 요구 사항과 높은 MVAR 정격 장치(일반적으로 200MVAR 이상)에 대한 높은 수요가 있는 그리드에 적합합니다. 이 시스템은 공냉식이나 수냉식 시스템보다 바람 손실 감소, 종합 효율 향상, 장비 수명 연장, 열 제어가 우수합니다. 공냉식 또는 수냉식 시스템은 일반적으로 더 작은 정격과 비용이 중요한 설치에 선택됩니다. 수소 냉각식 동기 콘덴서로의 전환은 현대 전력 시스템 설계의 중요한 트렌드가 되었습니다. 이는 특히 대규모 재생에너지 통합 및 고압직류송전(HVDC) 상호연결에서 중요하며, 전력회사와 그리드 사업자는 전압 조정 및 그리드 안정화에 대한 신뢰할 수 있는 고성능 솔루션을 우선순위로 두고 있습니다.
"시동 방식별로는 고정형 주파수 변환기 부문이 예측 기간 동안 동기 콘덴서 시장에서 가장 빠른 성장을 기록할 것으로 예측됩니다. "
고정형 주파수 변환기 부문은 효율적이고 신뢰할 수 있는 그리드 안정화 솔루션에 대한 수요 증가, 전력전자 기술의 발전, 현대화된 송전 인프라와 재생에너지 통합이라는 세계 트렌드에 부합하는 등 복합적인 요인으로 인해 예측 기간 동안 동기식 동기식 발전기 시장에서 가장 빠르게 성장하는 시동 방식이 될 것으로 예측됩니다. 고정형 주파수 변환기는 기동 주파수와 전압을 매우 정확하고 독립적으로 제어할 수 있고, 그리드 상태나 부하 변동에 의존하지 않는 부드러운 기동, 소음 수준이 낮고, 설치 공간이 적으며, 보조 모터 방식에 비해 신뢰성이 높다는 특징이 있습니다. 이러한 특성으로 인해 SFC는 특히 대용량 동기 조율기를 사용하는 대규모 전력 기업용에 적합하며, 재생에너지 도입률이 높은 전력망에서 관성 증강, 무효전력 요구 대응, 전압 제어를 포니모터 방식보다 효과적으로 실현할 수 있습니다. 포니 모터 방식은 대부분 더 단순하고 소규모 장소에 적용 범위가 제한되어 있습니다.
세계의 동기 콘덴서 시장에 대해 조사 분석했으며, 주요 촉진요인 및 저해요인, 제품 개발 및 혁신, 경쟁 구도에 대한 정보를 전해드립니다.
목차
제1장 서론
제2장 주요 요약
제3장 중요 지견
제4장 시장 개요
제5장 업계 동향
제6장 기술 진보, AI에 의한 영향, 특허, 혁신, 향후 용도
제7장 지속가능성과 규제 상황
제8장 고객 현황과 구매 행동
제9장 동기 콘덴서 시장 : 유형별
제10장 동기 콘덴서 시장 : 정격 무효 전력별
제11장 동기 콘덴서 시장 : 냉각 기술별
제12장 동기 콘덴서 시장 : 시동 방식별
제13장 동기 콘덴서 시장 : 최종사용자별
제14장 동기 콘덴서 시장 : 지역별
제15장 경쟁 구도
제16장 기업 개요
제17장 조사 방법
제18장 부록
LSH
영문 목차
영문목차
The synchronous condenser market is estimated to grow from USD 0.72 billion in 2025 to USD 0.84 billion by 2030, at a CAGR of 3.3% during the forecast period. The acceleration of infrastructure development and the expansion of transmission networks in major economies are significantly increasing the demand for synchronous condensers to enhance grid stability and reliability.
Scope of the Report
Years Considered for the Study
2021-2030
Base Year
2024
Forecast Period
2025-2030
Units Considered
Value (USD Million/Billion)
Segments
By Cooling Type, Type, Starting Method, End User, Reactive Power Rating
Regions covered
Asia Pacific, North America, South America, Middle East & Africa, Europe
In India, this demand is driven by ambitious national initiatives, such as the Revamped Distribution Sector Scheme (RDSS), as well as substantial investments in ultra-high-voltage transmission corridors, renewable energy corridors, and smart grid programs. These projects require advanced reactive power management and inertia support, placing synchronous condensers at the forefront of efforts to eliminate voltage instability, ensure fault ride-through, and facilitate secure and efficient power flow in rapidly growing high-voltage networks.
In the US, extensive federal programs, including major funding under the Bipartisan Infrastructure Law and the Inflation Reduction Act, are aimed at modernizing the grid, connecting remote renewable energy sources, and improving resilience to extreme weather events. This encourages the widespread use of synchronous condensers, which provide critical momentary circuit strength, dynamic voltage control, and artificial inertia in established transmission systems. These advancements enable the significant integration of variable generation sources while reducing curtailment and ensuring reliable delivery of clean energy across interconnected grids, addressing the limitations of traditional infrastructure.
"By cooling technology, the hydrogen-cooled synchronous condenser segment is expected to be the largest cooling technology segment in the synchronous condenser market during the forecast period."
The hydrogen-cooled segment is expected to account for the largest share of the synchronous condenser market during the forecast period, as it offers superior thermal conductivity, enhanced heat dissipation, and the ability to support high-capacity operations in large-scale utility and transmission projects. Hydrogen-cooled synchronous condensers offer high power density, low energy loss, and higher performance under heavy loads, and are suitable for grids with high inertia requirements and high demand for high-MVAR-rated units (usually above 200 MVAR). These systems offer reduced windage loss, enhanced overall efficiency, longer equipment lifespan, and better thermal control than air-cooled or water-cooled systems, which are typically chosen for smaller ratings or cost-sensitive installations. The shift to hydrogen-cooled synchronous condensers has become a key trend in modern power system designs. This is particularly important for large-scale renewable energy integration and high-voltage direct current (HVDC) interconnection, as utilities and grid operators prioritize reliable, high-performance solutions for voltage regulation and grid stability.
"By starting method, the static frequency converter segment is projected to register the fastest growth in the synchronous condenser market during the forecast period."
The static frequency converter segment is expected to be the fastest-growing starting method in the synchronous condenser market throughout the forecast period as a result of a broad combination of growing demands in efficient and reliable grid stabilization solutions, development of power electronics technologies, and compliance with global trends in the direction of modernized transmission infrastructure and integration of renewable energy. The static frequency converter offers very accurate, independent control of starting frequency and voltage, can be started smoothly without relying on grid conditions or load changes, has a lower noise level, requires less space, and is more reliable than pony motor methods. These properties contribute to the fact that SFCs are especially well adapted to large-scale utility use with high capacity synchronous condensers, in which they can be used to provide increased inertia, respond to reactive power requirements, and control voltages in grids with high levels of renewable penetration better than pony motor options which in most cases have a limited range of applications to simpler and smaller locations.
"By region, Europe is estimated to account for the second-largest market share during the forecast period."
Europe is expected to become the second-largest market for synchronous condensers during the forecast period. This expectation is supported by aggressive renewable energy targets, significant investments in grid modernization, and the need for improved grid stability due to the high penetration of intermittent energy sources like wind and solar. Synchronous condensers can provide essential services such as inertia, reactive power compensation, and voltage regulation, aligning with Europe's decarbonization goals and the need for a reliable power supply in an evolving energy landscape. The robust policy framework in Europe, including the EU Green Deal, ambitious renewable integration targets, and initiatives to support grid upgrades and high-voltage direct current (HVDC) expansions, drives the demand for synchronous condensers. These systems help minimize transmission losses, manage voltage fluctuations, and enhance the resilience of utility networks and transmission infrastructure.
In-depth interviews have been conducted with key industry participants, subject-matter experts, C-level executives of leading market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
By Designation: C-level Executives - 30%, Directors - 25%, and Others - 45%
By Region: North America - 33%, Europe - 27%, Asia Pacific - 20%, Middle East & Africa - 8%, and South America - 12%
Notes: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: > USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.
Other designations include sales managers, engineers, and regional managers.
ABB (Switzerland), Siemens Energy (Germany), GE Vernova (US), Eaton (Ireland), and WEG (Brazil) are some of the major players in the synchronous condenser market. The study includes an in-depth competitive analysis of these key players, including their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the global synchronous condenser market by type, reactive power rating, cooling technology, starting method, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the synchronous condenser market.
Key Benefits of Buying the Report
It provides an analysis of key drivers (rapid expansion of renewable energy and grid-scale capacity additions, increasing emphasis on modernization aging grid infrastructure), restraints (technical and Integration challenges in modern power grids), opportunities (conversion of synchronous generators into synchronous condensers, rising adoption of high-voltage direct current systems), challenges (availability of low-cost substitutes) influencing the growth of the synchronous condenser market.
Market Development: Comprehensive information about lucrative markets - the report analyses the synchronous condenser market across varied regions.
Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the synchronous condenser market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Eaton (Ireland), Siemens Energy (Germany), GE Vernova (US), WEG (Brazil), Mitsubishi Electric Power Products, Inc. (US), Andritz (Austria), Ansaldo Energia (Italy), Voith GmbH & Co. KGaA (Germany), Bharat Heavy Electricals Limited (India), Doosan Skoda Power (Czech Republic), Baker Hughes (US), IDEAL ELECTRIC POWER CO. (US), Power Systems & Controls, Inc. (US), Electromechanical Engineering Associates, Inc. (US), Anhui Zhongdian Electric Co., Ltd. (China), Shanghai Electric (China), Ingeteam (Spain), Hitachi Energy Ltd. (Switzerland), and Wolong Electric Group (China), among others, in the synchronous condenser market.
Product Innovation/Development: The synchronous condenser market is witnessing high product introduction and upgrades, especially with the introduction of digital control systems and predictive maintenance functionalities. With more use cases in renewable energy integration, smart grids, and high-voltage transmission networks, sustainable advancements such as hydrogen-cooled systems, advanced materials for greater efficiency, and modular/compact designs are gaining significant traction. The evolution of hybrid solutions (synchronous condensers with power electronics such as STATCOMs or battery energy storage) is also moving forward, as in solutions from the advanced energy producers such as Siemens Energy and GE Vernova, which feature enhanced digital controls, artificial intelligence (AI)-enabled predictive maintenance, and optimized rotor/insulation designs to simplify deployment, reduce footprints, and provide enhanced inertia and reactive power supports for modern power systems.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 EXECUTIVE SUMMARY
2.1 MARKET HIGHLIGHTS AND KEY INSIGHTS
2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS
2.3 DISRUPTIVE TRENDS IN SYNCHRONOUS CONDENSER MARKET
2.4 HIGH-GROWTH SEGMENTS
2.5 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST
3 PREMIUM INSIGHTS
3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SYNCHRONOUS CONDENSER MARKET
3.2 SYNCHRONOUS CONDENSER MARKET, BY TYPE AND REGION
3.3 SYNCHRONOUS CONDENSER MARKET, BY TYPE
3.4 SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY
3.5 SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD
3.6 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING
3.7 SYNCHRONOUS CONDENSER MARKET, BY END USER
3.8 SYNCHRONOUS CONDENSER MARKET, BY COUNTRY
4 MARKET OVERVIEW
4.1 INTRODUCTION
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.1.1 Rapid expansion of renewable energy and grid-scale capacity additions
4.2.1.2 Rising emphasis on modernizing aging grid infrastructure
4.2.2 RESTRAINTS
4.2.2.1 High capital costs and complex deployment requirements
4.2.3 OPPORTUNITIES
4.2.3.1 Conversion of synchronous generators into synchronous condensers
4.2.3.2 Rising adoption of high-voltage direct current (HVDC) systems
4.2.4 CHALLENGES
4.2.4.1 Availability of low-cost substitutes
4.3 UNMET NEEDS AND WHITE SPACES
4.3.1 UNMET NEEDS IN SYNCHRONOUS CONDENSER MARKET
4.3.2 WHITE SPACE OPPORTUNITIES
4.4 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
4.4.1 INTERCONNECTED MARKETS
4.4.2 CROSS-SECTOR OPPORTUNITIES
4.5 STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
4.5.1 KEY MOVES AND STRATEGIC FOCUS
5 INDUSTRY TRENDS
5.1 PORTER'S FIVE FORCES ANALYSIS
5.1.1 BARGAINING POWER OF SUPPLIERS
5.1.2 BARGAINING POWER OF BUYERS
5.1.3 THREAT OF NEW ENTRANTS
5.1.4 THREAT OF SUBSTITUTES
5.1.5 INTENSITY OF COMPETITIVE RIVALRY
5.2 MACROECONOMIC OUTLOOK
5.2.1 INTRODUCTION
5.2.2 GDP TRENDS AND FORECAST
5.2.3 INFLATION
5.2.4 MANUFACTURING VALUE ADDED (% OF GDP)
5.2.5 TRENDS IN GLOBAL ELECTRICAL INDUSTRY
5.2.6 TRENDS IN GLOBAL AUTOMOTIVE INDUSTRY
5.3 VALUE CHAIN ANALYSIS
5.3.1 COST ANALYSIS FOR SYNCHRONOUS CONDENSER (HYDROGEN, AIR, AND WATER COOLED)
5.3.2 ANALYSIS ON ADDITIONAL EQUIPMENT REQUIRED FOR SYNCHRONOUS CONDENSER
5.4 ECOSYSTEM ANALYSIS
5.5 PRICING ANALYSIS
5.5.1 INDICATIVE SELLING PRICE TREND, BY REACTIVE POWER RATING, 2024
5.5.2 AVERAGE SELLING PRICE TREND, BY REGION, 2022-2024
5.6 TRADE ANALYSIS
5.6.1 EXPORT SCENARIO (HS CODE 8501)
5.6.2 IMPORT SCENARIO (HS CODE 8501)
5.7 KEY CONFERENCES AND EVENTS, 2025-2026
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.9 INVESTMENT AND FUNDING SCENARIO
5.10 CASE STUDY ANALYSIS
5.10.1 CASE STUDY 1: USE OF GE'S SYNCHRONOUS CONDENSERS IN NORTHWEST VERMONT RELIABILITY PROJECT
5.10.2 CASE STUDY 2: REFURBISHMENT OF SYNCHRONOUS GENERATORS TO SYNCHRONOUS CONDENSERS
5.11 IMPACT OF 2025 US TARIFFS-SYNCHRONOUS CONDENSER MARKET
5.11.1 INTRODUCTION
5.11.2 KEY TARIFF RATES
5.11.3 PRICE IMPACT ANALYSIS
5.11.4 IMPACT ON COUNTRIES/REGIONS
5.11.4.1 US
5.11.4.2 Europe
5.11.4.3 Asia Pacific
5.11.5 IMPACT ON END-USE INDUSTRIES
6 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, INNOVATIONS, AND FUTURE APPLICATIONS
6.1 KEY EMERGING TECHNOLOGIES
6.1.1 HYBRID SYNCHRONOUS CONDENSER WITH FLYWHEEL ENERGY STORAGE
6.2 ADJACENT TECHNOLOGIES
6.2.1 STATCOM (STATIC SYNCHRONOUS COMPENSATOR)
6.2.2 GRID-SCALE BATTERY ENERGY STORAGE SYSTEMS (BESS)
6.3 TECHNOLOGY ROADMAP
6.4 PATENT ANALYSIS
6.5 FUTURE APPLICATIONS
6.6 IMPACT OF AI/GEN AI ON SYNCHRONOUS CONDENSER MARKET
6.6.1 BEST TOP USE CASES AND MARKET POTENTIAL
6.6.2 BEST PRACTICES FOLLOWED BY MANUFACTURERS
6.6.3 CASE STUDIES OF AI IMPLEMENTATION
6.6.4 INTERCONNECTED ADJACENT ECOSYSTEMS AND IMPACT ON MARKET PLAYERS
6.6.5 CLIENTS' READINESS TO ADOPT GENERATIVE AI
7 SUSTAINABILITY AND REGULATORY LANDSCAPE
7.1 REGIONAL REGULATIONS AND COMPLIANCE
7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
7.1.2 INDUSTRY STANDARDS
7.1.2.1 Codes and regulations related to synchronous condensers
7.2 SUSTAINABILITY INITIATIVES
7.2.1 INTRODUCTION
7.2.2 SUSTAINABILITY INITIATIVES
7.2.3 IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES
8 CUSTOMER LANDSCAPE & BUYER BEHAVIOR
8.1 INTRODUCTION
8.2 DECISION-MAKING PROCESS (SYNCHRONOUS CONDENSER VS STATCOM)
8.3 BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
8.3.1 KEY STAKEHOLDERS IN BUYING PROCESS
8.3.2 BUYING CRITERIA
8.4 ADOPTION BARRIERS & INTERNAL CHALLENGES
8.5 UNMET NEEDS OF VARIOUS END-USE INDUSTRIES
8.6 MARKET OPPORTUNITIES
9 SYNCHRONOUS CONDENSER MARKET, BY TYPE
9.1 INTRODUCTION
9.2 NEW SYNCHRONOUS CONDENSERS
9.2.1 RISING EXPANSION OF HVDC NETWORKS TO INCREASE INSTALLATION OF NEW SYNCHRONOUS CONDENSERS
9.3 REFURBISHED SYNCHRONOUS CONDENSERS
9.3.1 LOW COST OF REFURBISHED CONDENSERS TO FUEL DEMAND
10 SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING
10.1 INTRODUCTION
10.2 UP TO 100 MVAR
10.2.1 RISING USE OF LOCALIZED GRID STABILIZATION AND POWER QUALITY IMPROVEMENT TO FUEL MARKET GROWTH
10.3 101-200 MVAR
10.3.1 INCREASING REQUIREMENT FOR FLEXIBLE, HIGH-PERFORMANCE VOLTAGE SUPPORT SOLUTIONS TO FUEL MARKET GROWTH
