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Global Synchronous Condenser Market Size & Outlook

The synchronous condenser industry worldwide is expected to reach a projected revenue of US$ 818.3 million by 2030. A compound annual growth rate of 2.7% is expected of the worldwide synchronous condenser industry from 2024 to 2030.

Revenue, 2023 (US$M)
$679.1
Forecast, 2030 (US$M)
$818.3
CAGR, 2024 - 2030
2.7%
Report Coverage
Worldwide

Global synchronous condenser market, 2018-2030 (US$M)

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Related Markets

North America Synchronous Condenser Market Outlook

Europe Synchronous Condenser Market Outlook

Asia Pacific Synchronous Condenser Market Outlook

Latin America Synchronous Condenser Market Outlook

MEA Synchronous Condenser Market Outlook

Global synchronous condenser market highlights

  • The global synchronous condenser market generated a revenue of USD 679.1 million in 2023 and is expected to reach USD 818.3 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 2.7% by 2030.
  • In terms of segment, new synchronous condenser accounted for a revenue of USD 679.1 million in 2023.
  • New Synchronous Condenser is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.


Global data book summary

Market revenue in 2023USD 679.1 million
Market revenue in 2030USD 818.3 million
Growth rate2.7% (CAGR from 2023 to 2030)
Largest segmentNew synchronous condenser
Fastest growing segmentNew Synchronous Condenser
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationNew Synchronous Condenser


Other key industry trends

  • In terms of revenue, the North America accounted for 34.3% of the global synchronous condenser market in 2023.

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Synchronous Condenser Market Scope

Synchronous condenser market segmentation & scope
Product
New Synchronous Condenser
Refurbished Synchronous Condenser
End Use
Electrical Utilities
Industrial
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
Argentina
Brazil
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
U.S.
Canada
Mexico
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand

Synchronous Condenser Market Companies

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Global synchronous condenser market size, by regions, 2018-2030 (US$M)

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