The global air cooling synchronous condenser market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for renewable energy sources and the need for efficient power generation systems. The increasing demand for renewable energy sources has led to an increase in the number of wind and hydropower plants, which in turn has increased the demand for air cooling synchronous condensers.
The below 100 M Var segment accounted for a share of around 40% in 2017 and is expected to grow at a CAGR of 5% during the forecast period, from 2021-2030. This segment is expected to be driven by factors such as lower capital expenditure requirements and less stringent regulations on noise levels as compared with other segments.
The 10200 M Var segment accounted for a share of around 30% in 2017 and is expected to grow at a CAGR of 3% during the forecast period, from 2021-2030. This segment is anticipated to be driven by factors such as higher efficiency levels than other segments due to better heat transfer rates between water droplets and gas molecules; lower capital expenditure requirements; less stringent regulations on noise levels as compared with other segments; higher reliability levels than other segments due to fewer moving parts; lower maintenance costs than other segments due mainly because there are no moving parts that require regular maintenance or replacement; high availability rates owing mainly because there are no moving parts that can break down or wear out over time leading them not being available when needed most; low operating costs owing mainly because there are no moving parts that require regular lubrication or replacement leading them not requiring any additional operating cost over their lifetime which leads them having low operating cost per hour when compared with other types of air coolers like evaporative coolers or absorption chillers etc; high efficiency levels owing mainly because they have better heat transfer rates between water droplets and gas molecules which leads them having higher efficiency level per unit volume when compared with others types like evaporative coolers or absorption chillers etc; low installation costs owing mainly because they have fewer components (compared with others) which leads them having lower installation cost per unit volume when compared with others types like evaporative coolers or absorption chillers etc; easy installation process owing mainly because they have few components (compared with others) which leads them having easier installation process per unit volume when compared with others types like evaporative coolers or absorption chiller etc; long life span owing mainly because they have few components (compared with others) which leads them having longer life span per unit volume when compared with others type like evaporative cooler etc, thus making it more economical option among all type's available in market today.
The Above 200 M Var segment accounted for a share of around 20% in 2017 and it's anticipated that this will grow at a CAGR rate close 2%.
Some Of The Growth Factors Of This Market:
- The increasing demand for air cooling synchronous condenser is a major factor driving the growth of this market.
- The increasing use of air cooling synchronous condenser in various industries such as power generation, oil and gas, and petrochemical is also driving the growth of this market.
- The rising demand for energy efficient equipment is also a major factor driving the growth of this market.
- Increasing investments in research and development activities by key players to develop new products are also fueling the growth of this market.
- Increasing awareness about environmental issues among consumers is another factor that will drive the growth of this market.
Industry Growth Insights published a new data on “Air Cooling Synchronous Condenser Market”. The research report is titled “Air Cooling Synchronous Condenser Market research by Types (Below100 M Var, 100-200 M Var, Above200 M Var), By Applications (Wind Power, Hydropower, Others), By Players/Companies Siemens, GE, Eaton, ABB, Voith, WEG”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Cooling Synchronous Condenser Market Research Report
By Type
Below100 M Var, 100-200 M Var, Above200 M Var
By Application
Wind Power, Hydropower, Others
By Companies
Siemens, GE, Eaton, ABB, Voith, WEG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Air Cooling Synchronous Condenser Market Report Segments:
The global Air Cooling Synchronous Condenser market is segmented on the basis of:
Types
Below100 M Var, 100-200 M Var, Above200 M Var
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wind Power, Hydropower, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- GE
- Eaton
- ABB
- Voith
- WEG
Highlights of The Air Cooling Synchronous Condenser Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below100 M Var
- 100-200 M Var
- Above200 M Var
- By Application:
- Wind Power
- Hydropower
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Cooling Synchronous Condenser Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An air cooling synchronous condenser is a type of heat exchanger that uses the principles of thermodynamics to transfer heat from one fluid to another. In an air cooling synchronous condenser, coolant (usually water) flows through a series of tubes in contact with the object being cooled, and this flow of liquid causes a decrease in temperature. The cooler liquid then circulates through coils or fans to distribute its chill throughout the object being cooled.
Some of the key players operating in the air cooling synchronous condenser market are Siemens, GE, Eaton, ABB, Voith, WEG.
The air cooling synchronous condenser market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Air Cooling Synchronous Condenser Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Air Cooling Synchronous Condenser Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Air Cooling Synchronous Condenser Market - Supply Chain
4.5. Global Air Cooling Synchronous Condenser Market Forecast
4.5.1. Air Cooling Synchronous Condenser Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Air Cooling Synchronous Condenser Market Size (000 Units) and Y-o-Y Growth
4.5.3. Air Cooling Synchronous Condenser Market Absolute $ Opportunity
5. Global Air Cooling Synchronous Condenser Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Air Cooling Synchronous Condenser Market Size and Volume Forecast by Type
5.3.1. Below100 M Var
5.3.2. 100-200 M Var
5.3.3. Above200 M Var
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Air Cooling Synchronous Condenser Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Air Cooling Synchronous Condenser Market Size and Volume Forecast by Application
6.3.1. Wind Power
6.3.2. Hydropower
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Air Cooling Synchronous Condenser Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Air Cooling Synchronous Condenser Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Air Cooling Synchronous Condenser Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Air Cooling Synchronous Condenser Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Air Cooling Synchronous Condenser Demand Share Forecast, 2019-2026
9. North America Air Cooling Synchronous Condenser Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Air Cooling Synchronous Condenser Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Air Cooling Synchronous Condenser Market Size and Volume Forecast by Application
9.4.1. Wind Power
9.4.2. Hydropower
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Air Cooling Synchronous Condenser Market Size and Volume Forecast by Type
9.7.1. Below100 M Var
9.7.2. 100-200 M Var
9.7.3. Above200 M Var
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Air Cooling Synchronous Condenser Demand Share Forecast, 2019-2026
10. Latin America Air Cooling Synchronous Condenser Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Air Cooling Synchronous Condenser Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Air Cooling Synchronous Condenser Market Size and Volume Forecast by Application
10.4.1. Wind Power
10.4.2. Hydropower
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Air Cooling Synchronous Condenser Market Size and Volume Forecast by Type
10.7.1. Below100 M Var
10.7.2. 100-200 M Var
10.7.3. Above200 M Var
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Air Cooling Synchronous Condenser Demand Share Forecast, 2019-2026
11. Europe Air Cooling Synchronous Condenser Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Air Cooling Synchronous Condenser Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Air Cooling Synchronous Condenser Market Size and Volume Forecast by Application
11.4.1. Wind Power
11.4.2. Hydropower
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Air Cooling Synchronous Condenser Market Size and Volume Forecast by Type
11.7.1. Below100 M Var
1.7.2. 100-200 M Var
11.7.3. Above200 M Var
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Air Cooling Synchronous Condenser Demand Share, 2019-2026
12. Asia Pacific Air Cooling Synchronous Condenser Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Air Cooling Synchronous Condenser Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Air Cooling Synchronous Condenser Market Size and Volume Forecast by Application
12.4.1. Wind Power
12.4.2. Hydropower
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Air Cooling Synchronous Condenser Market Size and Volume Forecast by Type
12.7.1. Below100 M Var
12.7.2. 100-200 M Var
12.7.3. Above200 M Var
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Air Cooling Synchronous Condenser Demand Share, 2019-2026
13. Middle East & Africa Air Cooling Synchronous Condenser Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Air Cooling Synchronous Condenser Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Air Cooling Synchronous Condenser Market Size and Volume Forecast by Application
13.4.1. Wind Power
13.4.2. Hydropower
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Air Cooling Synchronous Condenser Market Size and Volume Forecast by Type
13.7.1. Below100 M Var
13.7.2. 100-200 M Var
13.7.3. Above200 M Var
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Air Cooling Synchronous Condenser Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Air Cooling Synchronous Condenser Market: Market Share Analysis
14.2. Air Cooling Synchronous Condenser Distributors and Customers
14.3. Air Cooling Synchronous Condenser Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eaton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ABB
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Voith
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. WEG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
