Market Overview and Dynamics
The North America synchronous condenser market is projected to grow from US$ 189.95 million in 2019 to US$ 199.92 million by 2027, at a compound annual growth rate (CAGR) of 1.5% between 2020 and 2027. One of the key drivers of this growth is the trend of converting existing synchronous generators into synchronous condensers.
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As traditional power generation sources decline—driven by the aging of power plants, stricter environmental regulations, decommissioning activities, and increased competition from gas-fired turbines and renewable energy—many older coal-fired power plants across North America are being retired. The closure of these plants reduces the availability of reactive power, which is essential for grid stability.
To address this challenge, there’s a rising shift toward repurposing aging power facilities into synchronous condensers. These systems help maintain voltage stability by supplying reactive power to areas that previously depended on large thermal plants. Transforming existing synchronous generators into condensers presents a cost-effective and efficient solution, offering significant growth opportunities for the regional market.
Market Introduction
Synchronous condensers play a critical role in modern power systems by providing dynamic reactive power support, enhancing short-circuit strength, and contributing to frequency stability through synchronous inertia. Unlike traditional generators, their purpose isn’t to convert mechanical power to electricity, but rather to regulate voltage and improve grid stability through their reactive power control capabilities.
Since the Industrial Revolution, fossil fuels have dominated energy production—resulting in significant environmental and health impacts. In response, there has been a substantial shift toward renewable energy sources to reduce carbon dioxide emissions. This transition is driving increased demand for technologies that support grid reliability, such as synchronous condensers.
North America currently represents the largest market for synchronous condensers. Adoption is particularly strong in the United States and Canada across sectors such as electric utilities, grid operations, metals and mining, marine, and oil and gas. The region’s growth is further supported by significant investments from both government and private entities in renewable energy infrastructure. For instance, in 2019, the United States invested approximately US$301.7 billion in renewable energy.
These investments are enabling the development and deployment of advanced power generation solutions, both locally and regionally. Additionally, the trend of converting existing synchronous generators into synchronous condensers is expected to further propel market growth across North America.
Moreover, in case of COVID-19, North America is highly affected specially the US. North America has the highest adoption and growth levels of new technologies, with favorable government policies to boost innovation and improve infrastructure capabilities. Therefore, any effect on industries is expected to have a negative influence on the economic growth of the region. It is becoming apparent with the COVID-19 pandemic spreading across the US that few can escape its scope, presenting significant challenges to all industries. This had temporarily closed down all production plants across all industries and has also affected the supply chain and logistics industry of the country adversely. Though the demand for power was very high across the region especially arising from the healthcare sector to support all systems has influenced the rise in demand for renewable energy across the region. However, owing to nationwide lockdown across major economies like the US and Canada, the supply chain of major components of synchronous condenser was adversely affected, thereby impacted the manufacturing of the same. Thus, the above mentioned factors indicate that the outbreak of the pandemic has an adverse impact on the market across the region.
North America Synchronous Condenser Strategic Insights
Strategic insights for the North America Synchronous Condenser provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Synchronous Condenser Report Scope
| Attribute | Details |
| Market Size (2019) | US$ 189.95 Million |
| Market Size (2027) | US$ 199.92 Million |
| CAGR (2020-2027) | 1.5% |
| Historical Data | 2017-2018 |
| Forecast Period | 2020-2027 |
| Segments Covered | Cooling Type, Reactive Power Rating, Starting Method, Application |
| Cooling Types | Air-cooled, Hydrogen-cooled, Water-cooled |
| Reactive Power Ratings | Up to 100 MVAr, 100–200 MVAr, Above 200 MVAr |
| Starting Methods | Pony Motor, Static Frequency Converter |
| Applications | Metal & Mining, Electrical Utilities, Marine, Oil & Gas |
| Regions Covered | North America (US, Canada, Mexico) |
| Key Companies | ABB, Brush Group, Eaton, Fuji Electric, GE, IDEAL Electric, Mitsubishi, Siemens, Voith, WEG |
North America Synchronous Condenser Regional Insights
The geographic scope of the North America Synchronous Condenser refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Key Market Segments
In terms of cooling type, the hydrogen-cooled segment accounted for the largest share of the North America synchronous condenser market in 2019. In terms of reactive power rating, the above 200 MVAr segment held a larger market share of the North America synchronous condenser market in 2019. Similarly, in terms of starting method, the static frequency converter segment held a larger market share of the North America synchronous condenser market in 2019. Further, the electrical utilities and grid operators segment held a larger share of the North America synchronous condenser market based on application in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America synchronous condenser market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ABB Ltd.; Brush Group; Eaton Corporation plc; FUJI ELECTRIC CO., LTD.; General Electric Company; IDEAL ELECTRIC POWER CO.; Mitsubishi Electric Power Products, Inc. (Mitsubishi Electric Corporation); Siemens AG (Siemens Energy); Voith GmbH & Co. KGaA; WEG ELECTRIC CORP.
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North America Synchronous Condenser Market Segmentation
| Category | Segments |
| Cooling Type | Air-cooled, Hydrogen-cooled, Water-cooled |
| Reactive Power Rating | Up to 100 MVAr, 100–200 MVAr, Above 200 MVAr |
| Starting Method | Pony Motor, Static Frequency Converter, Others |
| Application | Metal and Mining, Electrical Utilities and Grid Operators, Marine, Oil and Gas, Others |
| Country | US, Canada, Mexico |
| Key Companies | ABB Ltd., Brush Group, Eaton Corporation plc, FUJI ELECTRIC CO., LTD., General Electric Company, IDEAL ELECTRIC POWER CO., Mitsubishi Electric Power Products, Inc., Siemens AG, Voith GmbH & Co. KGaA, WEG ELECTRIC CORP. |
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