Asia-Pacific Synchronous Condenser Market – Industry Trends and Forecast to 2030

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Asia-Pacific Synchronous Condenser Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Published Report
  • May 2023
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 131
  • No of Figures: 36

Asia Pacific Synchronous Condenser Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2030
Diagram Market Size (Base Year)
USD MILLION
Diagram Market Size (Forecast Year)
USD 958,152.78
Diagram CAGR
%
Diagram Major Markets Players
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Asia-Pacific Synchronous Condenser Market, By Cooling Technology (Hydrogen Cooled Synchronous Condenser, Air-Cooled Synchronous Condenser, and Water Cooled Synchronous Condenser), Starting Method (Static Frequency Convertor, Pony Motor, and Others), Reactive Power Rating (Above 200 MVAR, 101-200 MVAR, 61-100 MVAR, 31-60 MVAR, and 0-30 MVAR), End User (Electrical Utilities and Industrial Sectors), Type (New Synchronous Condenser and Refurbished Synchronous Condenser), Design (Salient Pole Design and Cylindrical Rotor Design), No. of Poles (4 to 8, Less Than 4, and More Than 8), Excitation System Type (Static Excitation and Brushless Excitation System) - Industry Trends and Forecast to 2030. 

Asia-Pacific Synchronous Condenser Market

Asia-Pacific Synchronous Condenser Market Analysis and Size

A synchronous condenser or compensator is a motor running without a fixed load. It can generate or consume reactive volt-ampere (VAr) by varying the excitation of its field winding. It can be arranged to take a maximum current with over-excitation of its field winding. The increasing demand for condensers is due to the introduction of solid-state compensation devices, such as the static VAR compensator (SVC) that provides reactive power. Increasing demand for clean energy sources and the rising need for integrated systems in power plants are the major factors driving the market. However, high prices associated with installation and maintenance services are restraining the market's growth. Upsurges in decommissioning aging conventional power generation sources and rising government initiatives to reduce air pollution are estimated to provide market growth opportunities. However, the involvement of sophisticated and time-consuming installation processes creates a challenging environment for market growth.  

Asia-Pacific Synchronous Condenser MarketAsia-Pacific Synchronous Condenser Market

Data Bridge Market Research analyses that the Asia-Pacific synchronous condenser market is expected to reach USD 958,152.78 thousand by 2030, at a CAGR of 4.2% during the forecast period. The Asia-Pacific synchronous condenser market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.      

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customisable 2015-2020)

Quantitative Units

Revenue in USD Thousand

Segments Covered

Cooling Technology (Hydrogen Cooled Synchronous Condenser, Air-Cooled Synchronous Condenser, and Water Cooled Synchronous Condenser), Starting Method (Static Frequency Convertor, Pony Motor, and Others), Reactive Power Rating (Above 200 MVAR, 101-200 MVAR, 61-100 MVAR, 31-60 MVAR, and 0-30 MVAR), End User (Electrical Utilities and Industrial Sectors), Type (New Synchronous Condenser and Refurbished Synchronous Condenser), Design (Salient Pole Design and Cylindrical Rotor Design), No. of Poles (4 to 8, Less Than 4, and More Than 8), Excitation System Type (Static Excitation and Brushless Excitation System) 

Countries Covered

China, Japan, India, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Taiwan, Philippines, and Rest of Asia-Pacific 

Market Players Covered

General Electric, ABB, Siemens, Eaton, WEG, Ansaldo Energia, Shanghai Electric Power Generation Equipment Co., Ltd. (A subsidiary of Shanghai Electric), Ingeteam, Hitachi Energy Ltd, Voith GmbH & Co. KGaA, Mitsubishi Electric Power Products, Inc., Baker Hughes Company, Power Systems & Controls, Inc., IDEAL ELECTRIC POWER CO., Doosan Škoda Power, and ANDRITZ among others

Market Definition

A synchronous condenser is treated as a DC-excited synchronous motor that adjusts temperature and power according to electric power transmission and smart grid. Synchronous compensators, also called synchronous condensers, are designed to control the voltage level in a network area. They can produce or consume reactive power depending on the value of the excitation current. Synchronous condensers are an alternative to capacitor banks for power-factor correction in power grids.

One main advantage of the synchronous condenser is the amount of reactive power that can be continuously adjusted. The synchronous condenser is developed with advanced techniques to improve the power factor in a static capacitor bank. Synchronous condensers have traditionally been used at distribution and transmission voltage levels to improve stability and maintain voltages within desired limits under changing load conditions and contingency situations. The synchronous condenser consists of a stator and rotor with solid integral pole tips, a cooling system (hydrogen, air, or water), an excitation system, a lubrication oil supply, and a step-up transformer and auxiliary transformer.

A synchronous condenser is a long-standing well-known technology that provides advantages. High system inertia is an inherent feature of a synchronous condenser as it is a rotating machine. The benefit of inertia is improved voltage stiffness, improving the system's overall behavior. Increased short-term overload capability can provide more than two times its rating up to a few seconds, which enhances system support during emergencies or contingencies or even under extreme low voltage contingencies. It remains connected and provides smooth, reliable operation and real short-circuit strength to the grid, improving system stability with weak interconnections and enhancing system protection.

Asia-Pacific Synchronous Condenser Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:

Drivers

  • Increasing Demand For Clean Energy Sources

Clean energy is referred to the energy gained from sources without the release of air pollutants. Renewable energy is power generated from sources that are constantly being replenished. Unlike fossil fuels and gas, these renewable energy resources won't run out and include wind and solar energy. However, most green energy sources are renewable. Thus, perfect green clean energy can be called renewable energy sources.

  • Growing Need for Integrated Systems in Power Plants

Energy Systems Integration (ESI) coordinates the operation and planning of energy systems to deliver reliable, cost-effective energy services with minimal environmental impact. Such systems involve interaction between energy factors such as electricity, thermal, fuels, water, and transmitters. Thus, ESI is a multidisciplinary area ranging from science, engineering, and technology.

Opportunity

  • Rising Government Initiatives To Reduce Air Pollution

Energy consumption has been increasing across the globe due to the rise in electricity demand. Energy production through fossil fuels is responsible for more than one-third of the world's greenhouse gas emissions, which cause pollution and climate change.

Restraints/Challenges

  • Higher Prices Associated With Capital and Maintenance

A synchronous condenser is a conventional solution used for decades for regulating power. This type of device comprises AC synchronous motor which can provide continuous reactive power control when used with a suitable automatic exciter. This has led to an upsurge in the usage of such electrical devices over the years.

  • Higher Price Volatility of Raw Materials

The synchronous condensers are associated with various components and systems, such as rotors, stators, and cooling systems. These systems are manufactured with aluminum, copper, and stainless steel. Moreover, this system's construction or integration is sophisticated but useful for the power distribution system and high-power transistor modules.

Recent Developments

  • In April 2023, Eaton announced the acquisition of a 9% stake in Jiangsu Ryan Electrical Co. Ltd., which manufactures power distribution and sub-transmission transformers in China. This acquisition will help the company to concentrate on electrical products and services. Moreover, it accelerates the company's global distribution, especially in Asia-Pacific.
  • In January 2022, Siemens announced signing an agreement with Elering to construct three synchronous condensers at 330 kV junction stations in Estonia by 2024. This agreement helped the company to gain a business of USD 83.5 million and market recognition for synchronous condensers and enhances the business in Germany.

Asia-Pacific Synchronous Condenser Market Scope

The Asia-Pacific synchronous condenser market is segmented into eight notable segments based on cooling technology, starting method, reactive power rating, end-user, type, design, no. of poles, and excitation system type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and insights to help them make strategic decisions for identifying core market applications.

Cooling Technology

  • Hydrogen Cooled Synchronous Condenser
  • Air-Cooled Synchronous Condenser
  • Water Cooled Synchronous Condenser

On the basis of cooling technology, the Asia-Pacific synchronous condenser market is segmented into hydrogen-cooled synchronous condenser, air-cooled synchronous condenser, and water cooled synchronous condenser.

Starting Method

  • Static Frequency Convertor
  • Pony Motor
  • Others

On the basis of starting method, the Asia-Pacific synchronous condenser market is segmented into static frequency convertor, pony motor, and others.

Reactive Power Rating

  • Above 200 MVAR
  • 101-200 MVAR
  • 61-100 MVAR
  • 31-60 MVAR
  • 0-30 MVAR

On the basis of reactive power rating, the Asia-Pacific synchronous condenser market is segmented into above 200 MVAR, 101-200 MVAR, 61-100 MVAR, 31-60 MVAR, and 0-30 MVAR.

End User

  • Electrical Utilities
  • Industrial Sectors

On the basis of end-user, the Asia-Pacific synchronous condenser market is segmented into electrical utilities and industrial sector.

Type

  • New Synchronous Condenser
  • Refurbished Synchronous Condenser

On the basis of type, the Asia-Pacific synchronous condenser market is segmented into new synchronous condenser and refurbished synchronous condenser.

No. of Poles

  • 4 To 8
  • Less Than 4
  • More Than 8

On the basis of no. of poles, the Asia-Pacific synchronous condenser market is segmented into 4 to 8, less than 4, and more than 8.

Design

  • Salient Pole Design
  • Cylindrical Rotor Design

On the basis of design, the Asia-Pacific synchronous condenser market is segmented into salient pole design and cylindrical rotor design.

Excitation System Type

  • Static Excitation
  • Brushless Excitation System

On the basis of excitation system type, the Asia-Pacific synchronous condenser market is segmented into static excitation and brushless excitation system.

Synchronous Condenser Market

Asia-Pacific Synchronous Condenser Market Regional Analysis/Insights

Asia-Pacific synchronous condenser market is analyzed, and market size insights and trends are provided by region, cooling technology, starting method, reactive power rating, end-user, type, design, no. of poles, and excitation system type, as referenced above.

The countries covered in the Asia-Pacific synchronous condenser market report are China, Japan, India, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Taiwan, Philippines, and Rest of Asia-Pacific.

China is expected to dominate Asia-Pacific as the renewable sector and advanced power grid infrastructure are expanding significantly.

The region section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Asia-Pacific Synchronous Condenser Market Share Analysis

Asia-Pacific synchronous condenser market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the Asia-Pacific synchronous condenser market are General Electric, ABB, Siemens, Eaton, WEG, Ansaldo Energia, Shanghai Electric Power Generation Equipment Co., Ltd. (A subsidiary of Shanghai Electric), Ingeteam, Hitachi Energy Ltd, Voith GmbH & Co. KGaA, Mitsubishi Electric Power Products, Inc., Baker Hughes Company, Power Systems & Controls, Inc., IDEAL ELECTRIC POWER CO., Doosan Škoda Power, and ANDRITZ among others.


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Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF THE ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET

1.4 CURRENCY AND PRICING

1.5 LIMITATIONS

1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 YEARS CONSIDERED FOR THE STUDY

2.3 GEOGRAPHIC SCOPE

2.4 DBMR TRIPOD DATA VALIDATION MODEL

2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.6 DBMR MARKET POSITION GRID

2.7 VENDOR SHARE ANALYSIS

2.8 MULTIVARIATE MODELLING

2.9 COOLING TECHNOLOGY CURVE

2.1 MARKET END-USER COVERAGE GRID

2.11 SECONDARY SOURCES

2.12 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 FLYWHEEL ROLE IN SYNCHRONOUS CONDENSER SYSTEMS

5 REGIONAL REASONING

5.1 ASIA-PACIFIC

6 MARKET OVERVIEW

6.1 DRIVERS

6.1.1 INCREASING DEMAND FOR CLEAN ENERGY SOURCES

6.1.2 GROWING NEED FOR INTEGRATED SYSTEMS IN POWER PLANTS

6.1.3 RISING DEMAND FOR SAFE AND SECURE ELECTRICAL GRID SYSTEMS

6.1.4 EXPANSION OF HVDC NETWORK ACROSS THE WORLD

6.2 RESTRAINTS

6.2.1 HIGHER PRICES ASSOCIATED WITH CAPITAL AND MAINTENANCE

6.2.2 STRINGENT STANDARDS RELATED TO SYNCHRONOUS CONDENSER

6.2.3 HIGHER PRICE VOLATILITY OF RAW MATERIALS

6.3 OPPORTUNITIES

6.3.1 RISING GOVERNMENT INITIATIVES TO REDUCE AIR POLLUTION

6.3.2 UPSURGE IN DECOMMISSIONING OF AGING AND CONVENTIONAL POWER GENERATION SOURCES

6.3.3 INCREASE IN INVESTMENTS IN R&D TO DEVELOP EFFICIENT SYNCHRONOUS CONDENSER

6.4 CHALLENGES

6.4.1 AVAILABILITY OF LOW-COST SUBSTITUTES

6.4.2 INVOLVEMENT IN SOPHISTICATED AND TIME-CONSUMING INSTALLATION PROCESS

7 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY

7.1 OVERVIEW

7.2 HYDROGEN COOLED SYNCHRONOUS CONDENSER

7.3 AIR-COOLED SYNCHRONOUS CONDENSER

7.4 WATER COOLED SYNCHRONOUS CONDENSER

8 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD

8.1 OVERVIEW

8.2 STATIC FREQUENCY CONVERTOR

8.3 PONY MOTOR

8.4 OTHERS

9 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING

9.1 OVERVIEW

9.2 ABOVE 200 MVAR

9.3 101-200 MVAR

9.4 61-100 MVAR

9.5 31-60 MVAR

9.6 0-30 MVAR

10 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY END USER

10.1 OVERVIEW

10.2 ELECTRICAL UTILITIES

10.3 INDUSTRIAL SECTORS

11 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY TYPE

11.1 OVERVIEW

11.2 NEW SYNCHRONOUS CONDENSER

11.3 REFURBISHED SYNCHRONOUS CONDENSER

12 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY DESIGN

12.1 OVERVIEW

12.2 SALIENT POLE DESIGN

12.3 CYLINDRICAL ROTOR DESIGN

13 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES

13.1 OVERVIEW

13.2 4 TO 8

13.3 LESS THAN 4

13.4 MORE THAN 8

14 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE

14.1 OVERVIEW

14.2 STATIC EXCITATION

14.3 BRUSHLESS EXCITATION SYSTEM

15 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REGION

15.1 ASIA-PACIFIC

15.1.1 CHINA

15.1.2 JAPAN

15.1.3 INDIA

15.1.4 SOUTH KOREA

15.1.5 AUSTRALIA

15.1.6 SINGAPORE

15.1.7 INDONESIA

15.1.8 THAILAND

15.1.9 MALAYSIA

15.1.10 TAIWAN

15.1.11 PHILIPPINES

15.1.12 REST OF ASIA-PACIFIC

16 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, COMPANY LANDSCAPE

16.1 COMPANY SHARE ANALYSIS: ASIA PACIFIC

17 SWOT ANALYSIS

18 COMPANY PROFILE

18.1 GENERAL ELECTRIC

18.1.1 COMPANY SNAPSHOT

18.1.2 REVENUE ANALYSIS

18.1.3 COMPANY SHARE ANALYSIS

18.1.4 PRODUCT PORTFOLIO

18.1.5 RECENT DEVELOPMENTS

18.2 ABB

18.2.1 COMPANY SNAPSHOT

18.2.2 REVENUE ANALYSIS

18.2.3 COMPANY SHARE ANALYSIS

18.2.4 PRODUCT PORTFOLIO

18.2.5 RECENT DEVELOPMENTS

18.3 EATON

18.3.1 COMPANY SNAPSHOT

18.3.2 REVENUE ANALYSIS

18.3.3 COMPANY SHARE ANALYSIS

18.3.4 SERVICE PORTFOLIO

18.3.5 RECENT DEVELOPMENTS

18.4 VOITH GMBH & CO. KGAA

18.4.1 COMPANY SNAPSHOT

18.4.2 COMPANY SHARE ANALYSIS

18.4.3 PRODUCT PORTFOLIO

18.4.4 RECENT DEVELOPMENTS

18.5 BAKER HUGHES COMPANY

18.5.1 COMPANY SNAPSHOT

18.5.2 REVENUE ANALYSIS

18.5.3 COMPANY SHARE ANALYSIS

18.5.4 PRODUCT & SERVICES PORTFOLIO

18.5.5 RECENT DEVELOPMENTS

18.6 ANDRITZ

18.6.1 COMPANY SNAPSHOT

18.6.2 REVENUE ANALYSIS

18.6.3 COMPANY SHARE ANALYSIS

18.6.4 PRODUCT PORTFOLIO

18.6.5 RECENT DEVELOPMENTS

18.7 ANSALDO ENERGIA

18.7.1 COMPANY SNAPSHOT

18.7.2 REVENUE ANALYSIS

18.7.3 PRODUCT PORTFOLIO

18.7.4 RECENT DEVELOPMENTS

18.8 DOOSAN ŠKODA POWER

18.8.1 COMPANY SNAPSHOT

18.8.2 PRODUCT PORTFOLIO

18.8.3 RECENT DEVELOPMENTS

18.9 HITACHI ENERGY LTD

18.9.1 COMPANY SNAPSHOT

18.9.2 REVENUE ANALYSIS

18.9.3 PRODUCT PORTFOLIO

18.9.4 RECENT DEVELOPMENTS

18.1 IDEAL ELECTRIC POWER CO.

18.10.1 COMPANY SNAPSHOT

18.10.2 PRODUCT PORTFOLIO

18.10.3 RECENT DEVELOPMENT

18.11 INGETEAM

18.11.1 COMPANY SNAPSHOT

18.11.2 PRODUCT PORTFOLIO

18.11.3 RECENT DEVELOPMENTS

18.12 MITSUBISHI ELECTRIC POWER PRODUCTS, INC.

18.12.1 COMPANY SNAPSHOT

18.12.2 REVENUE ANALYSIS

18.12.3 SOLUTION PORTFOLIO

18.12.4 RECENT DEVELOPMENTS

18.13 POWER SYSTEMS & CONTROLS, INC.

18.13.1 COMPANY SNAPSHOT

18.13.2 PRODUCT PORTFOLIO

18.13.3 RECENT DEVELOPMENT

18.14 SHANGHAI ELECTRIC POWER GENERATION EQUIPMENT CO.,LTD. (A SUBSIDIARY OF SHANGHAI ELECTRIC)

18.14.1 COMPANY SNAPSHOT

18.14.2 REVENUE ANALYSIS

18.14.3 PRODUCT PORTFOLIO

18.14.4 RECENT DEVELOPMENTS

18.15 SIEMENS

18.15.1 COMPANY SNAPSHOT

18.15.2 REVENUE ANALYSIS

18.15.3 PRODUCT PORTFOLIO

18.15.4 RECENT DEVELOPMENTS

18.16 WEG

18.16.1 COMPANY SNAPSHOT

18.16.2 REVENUE ANALYSIS

18.16.3 PRODUCT PORTFOLIO

18.16.4 RECENT DEVELOPMENTS

19 QUESTIONNAIRE

20 RELATED REPORTS

List of Table

TABLE 1 UNINTERRUPTED OPERATION REQUIREMENTS FOR VOLTAGE DISTURBANCES

TABLE 2 COMPARISON BETWEEN SYNCHRONOUS CONDENSER, SVC, AND SATCOM

TABLE 3 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 4 ASIA PACIFIC HYDROGEN COOLED SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 5 ASIA PACIFIC AIR-COOLED SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 6 ASIA PACIFIC WATER COOLED SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 7 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 8 ASIA PACIFIC STATIC FREQUENCY CONVERTOR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 9 ASIA PACIFIC PONY MOTOR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 10 ASIA PACIFIC OTHERS IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 11 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 12 ASIA PACIFIC ABOVE 200 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 13 ASIA PACIFIC 101-200 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 14 ASIA PACIFIC 61-100 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 15 ASIA PACIFIC 31-60 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 16 ASIA PACIFIC 0-30 MVAR IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 17 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 18 ASIA PACIFIC ELECTRICAL UTILITIES IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 19 ASIA PACIFIC INDUSTRIAL SECTORS IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 20 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 21 ASIA PACIFIC NEW SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 22 ASIA PACIFIC REFURBISHED SYNCHRONOUS CONDENSER IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 23 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 24 ASIA PACIFIC SALIENT POLE DESIGN IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 25 ASIA PACIFIC CYLINDRICAL ROTOR DESIGN IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 26 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 27 ASIA PACIFIC 4 TO 8 IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 28 ASIA PACIFIC LESS THAN 4 IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 29 ASIA PACIFIC MORE THAN 8 IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 30 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 31 ASIA PACIFIC STATIC EXCITATION IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 32 BRUSHLESS EXCITATION SYSTEM IN SYNCHRONOUS CONDENSER MARKET, BY REGION, 2021-2030 (USD THOUSAND)

TABLE 33 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COUNTRY, 2021-2030 (USD THOUSAND)

TABLE 34 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 35 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 36 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 37 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (UNITS)

TABLE 38 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 39 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 40 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 41 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 42 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 43 CHINA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 44 CHINA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 45 CHINA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 46 CHINA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 47 CHINA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 48 CHINA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 49 CHINA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 50 CHINA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 51 JAPAN SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 52 JAPAN SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 53 JAPAN SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 54 JAPAN SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 55 JAPAN SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 56 JAPAN SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 57 JAPAN SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 58 JAPAN SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 59 INDIA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 60 INDIA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 61 INDIA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 62 INDIA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 63 INDIA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 64 INDIA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 65 INDIA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 66 INDIA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 67 SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 68 SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 69 SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 70 SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 71 SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 72 SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 73 SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 74 SOUTH KOREA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 75 AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 76 AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 77 AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 78 AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 79 AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 80 AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 81 AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 82 AUSTRALIA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 83 SINGAPORE SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 84 SINGAPORE SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 85 SINGAPORE SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 86 SINGAPORE SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 87 SINGAPORE SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 88 SINGAPORE SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 89 SINGAPORE SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 90 SINGAPORE SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 91 INDONESIA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 92 INDONESIA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 93 INDONESIA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 94 INDONESIA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 95 INDONESIA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 96 INDONESIA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 97 INDONESIA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 98 INDONESIA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 99 THAILAND SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 100 THAILAND SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 101 THAILAND SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 102 THAILAND SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 103 THAILAND SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 104 THAILAND SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 105 THAILAND SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 106 THAILAND SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 107 MALAYSIA SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 108 MALAYSIA SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 109 MALAYSIA SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 110 MALAYSIA SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 111 MALAYSIA SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 112 MALAYSIA SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 113 MALAYSIA SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 114 MALAYSIA SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 115 TAIWAN SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 116 TAIWAN SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 117 TAIWAN SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 118 TAIWAN SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 119 TAIWAN SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 120 TAIWAN SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 121 TAIWAN SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 122 TAIWAN SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 123 PHILIPPINES SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

TABLE 124 PHILIPPINES SYNCHRONOUS CONDENSER MARKET, BY STARTING METHOD, 2021-2030 (USD THOUSAND)

TABLE 125 PHILIPPINES SYNCHRONOUS CONDENSER MARKET, BY REACTIVE POWER RATING, 2021-2030 (USD THOUSAND)

TABLE 126 PHILIPPINES SYNCHRONOUS CONDENSER MARKET, BY END USER, 2021-2030 (USD THOUSAND)

TABLE 127 PHILIPPINES SYNCHRONOUS CONDENSER MARKET, BY TYPE, 2021-2030 (USD THOUSAND)

TABLE 128 PHILIPPINES SYNCHRONOUS CONDENSER MARKET, BY DESIGN, 2021-2030 (USD THOUSAND)

TABLE 129 PHILIPPINES SYNCHRONOUS CONDENSER MARKET, BY NO. OF POLES, 2021-2030 (USD THOUSAND)

TABLE 130 PHILIPPINES SYNCHRONOUS CONDENSER MARKET, BY EXCITATION SYSTEM TYPE, 2021-2030 (USD THOUSAND)

TABLE 131 REST OF ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET, BY COOLING TECHNOLOGY, 2021-2030 (USD THOUSAND)

List of Figure

FIGURE 1 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: SEGMENTATION

FIGURE 2 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: DBMR TRIPOD DATA VALIDATION MODEL

FIGURE 3 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: DROC ANALYSIS

FIGURE 4 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: ASIA PACIFIC VS REGIONAL MARKET ANALYSIS

FIGURE 5 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: DBMR MARKET POSITION GRID

FIGURE 8 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: VENDOR SHARE ANALYSIS

FIGURE 9 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: MULTIVARIATE MODELLING

FIGURE 10 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: COOLING TECHNOLOGY CURVE

FIGURE 11 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: MARKET END-USER COVERAGE GRID

FIGURE 12 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: SEGMENTATION

FIGURE 13 INCREASING DEMAND FOR CLEAN ENERGY SOURCES IS EXPECTED TO BE A KEY DRIVER FOR ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET GROWTH IN THE FORECAST PERIOD OF 2023 TO 2030

FIGURE 14 HYDROGEN COOLED SYNCHRONOUS CONDENSER IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET IN 2023 TO 2030

FIGURE 15 SYNCHRONOUS CONDENSER WITH FLYWHEEL

FIGURE 16 SYNCHRONOUS CONDENSER WITH FLYWHEEL

FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET

FIGURE 18 SHARE OF DIFFERENT POWER GENERATING SOURCES

FIGURE 19 GENERATION OF WIND ENERGY

FIGURE 20 OPPORTUNITIES IN THE INTEGRATION OF SYSTEMS IN POWER PLANTS

FIGURE 21 AVERAGE ANNUAL INVESTMENT SPENDING ON ELECTRICITY GRIDS

FIGURE 22 PRICING LIST OF COPPER MATERIAL

FIGURE 23 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: BY COOLING TECHNOLOGY, 2022

FIGURE 24 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: BY STARTING METHOD, 2022

FIGURE 25 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: BY REACTIVE POWER RATING, 2022

FIGURE 26 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: BY END USER, 2022

FIGURE 27 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: BY TYPE, 2022

FIGURE 28 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: BY DESIGN, 2022

FIGURE 29 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: BY NO. OF POLES, 2022

FIGURE 30 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: BY EXCITATION SYSTEM TYPE, 2022

FIGURE 31 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET: SNAPSHOT (2022)

FIGURE 32 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET: BY COUNTRY (2022)

FIGURE 33 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET: BY COUNTRY (2023 & 2030)

FIGURE 34 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET: BY COUNTRY (2022 & 2030)

FIGURE 35 ASIA-PACIFIC SYNCHRONOUS CONDENSER MARKET: BY COLLING TECHNOLOGY (2023-2030)

FIGURE 36 ASIA PACIFIC SYNCHRONOUS CONDENSER MARKET: COMPANY SHARE 2022 (%)

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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Frequently Asked Questions

The Asia-Pacific Synchronous Condenser Market is projected to grow at a CAGR of 4.2% during the forecast period by 2030.
The future market value of the Asia-Pacific Synchronous Condenser Market is expected to reach USD 958,152.78 thousand by 2030.
The major players in the Asia-Pacific Synchronous Condenser Market are General Electric, ABB, Siemens, Eaton, WEG, Ansaldo Energia, Shanghai Electric Power Generation Equipment Co., Ltd. (A subsidiary of Shanghai Electric), Ingeteam, Hitachi Energy Ltd, Voith GmbH & Co. KGaA, etc.
The countries covered in the Asia-Pacific Synchronous Condenser Market are China, Japan, India, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Taiwan, Philippines, and Rest of Asia-Pacific.