North America Synchronous Condenser Market Trends, Size, Segment and Growth by
Forecast to 2030

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, reflecting a modest CAGR of 1.5%
from 2020 to 2027. A key driver of this growth is the conversion of existing
synchronous generators into synchronous condensers. As traditional power
generation sources decline—due to aging infrastructure, plant decommissioning,
stricter environmental regulations, and rising competition from gas-fired
turbines and renewables—many older coal-fired power plants across North America
are being retired. This withdrawal reduces the available reactive power
capacity in the grid. In response, there is an increasing trend of repurposing
these aging power plants into synchronous condensers, which play a crucial role
in stabilizing grid systems by supplying the reactive power once provided by
large thermal plants. Converting existing synchronous generators presents a
cost-effective and efficient solution, creating new opportunities for the North
America synchronous condenser market.

📚Download Full PDF Sample Copy of Market
Report @ https://www.businessmarketinsights.com/sample/TIPRE00020062

Market Introduction

By continuously generating/absorbing adjustable reactive
power, enhanced short-circuit strength, and frequency stability by providing
synchronous inertia, this system provides improved voltage regulation and
stability. The goal is not to transform electricity into mechanical power or
vice versa, but to use the reactive power control capabilities of the machines
and synchronous inertia. Since the Industrial Revolution, the energy production
has been dominated by fossil fuels. This has important consequences for the
environment as well as for human health. Thus, the use of renewable energy has
increased to minimize carbon dioxide emissions, leading to a high demand for
the same energy. This is thus, fueling the growth of the North America market.
North America is the largest market of synchronous condensers. Currently,
synchronous condenser adoption has increased in the US and Canada through
industries such as electrical utilities and grid operators, metals and mining,
marine and oil and gas. Furthermore, growing investment in the adoption of
renewable energy by government bodies and private companies in the process is
fueling the growth of the region's industry. In 2019, for example, US
investments in renewable energy accounted for US$ 301.7 billion. Growing investment
is therefore enabling companies to deliver advanced solutions around the local
and regional sectors of power generation. Factors like changing the existing
synchronous generators into synchronous condensers is expected to drive the
North America synchronous condenser market.

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.

Market leaders and key company profiles

  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.



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.

Reasons to buy report

• To
  understand the North America synchronous condenser market landscape and
  identify market segments that are most likely to guarantee a strong return


• Stay
  ahead of the race by comprehending the ever-changing competitive landscape
  for North America synchronous condenser market


• Efficiently
  plan M&A and partnership deals in North America synchronous condenser
  market by identifying market segments with the most promising probable
  sales


• Helps
  to take knowledgeable business decisions from perceptive and comprehensive
  analysis of market performance of various segment form North America
  synchronous condenser market


• Obtain
  market revenue forecast for market by various segments from 2020-2027 in
  North America region.

Can you see this our reports


Europe Learning Management System Market – https://postyourarticle.com/europe-learning-management-system-market-trends-size-segment-and-growth-by-forecast-to-2030-4/

Europe Dental Market – https://github.com/businessmarketinsights985/business-market-insights/issues/18

North America Medical Laser Systems Market – https://findit.com/uwttwdjttmkjdpa/RightNow/northamerica-medical-laser-systemss/ea672c78-2f49-4851-986c-6f17f7e783af

Europe Railway Cyber Security Market – https://businessmarketins02.blogspot.com/2025/05/europe-railway-cyber-security-market.html

Europe Antibiotics Market – https://sites.google.com/view/businessmarketinsights126/home


About Us:

Business Market Insights is a market research platform that provides
subscription service for industry and company reports. Our research team has
extensive professional expertise in domains such as Electronics &
Semiconductor; Aerospace & Défense; Automotive & Transportation; Energy
& Power; Healthcare; Manufacturing & Construction; Food &
Beverages; Chemicals & Materials; and Technology, Media, &
Telecommunications

Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights