Europe Synchronous Condenser Market to 2032
Overview
The Europe Synchronous Condenser Market is expected to reach a 1,140.53 USD Million by 2032 and is projected to grow at a CAGR of 4.48% from 2025 to 2032.
Revenue, 2024 (USD Million)
827.75
Forecast, 2032 (USD Million)
1,140.53
CAGR, 2024 - 2032
4.48%
Report Coverage
Europe
Europe Synchronous Condenser Market 2018-2032 USD Million
Europe Synchronous Condenser Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 827.75 USD Million
- Projected Market Size (2032): 1,140.53 USD Million
- CAGR (2025-2032): 4.48%
Key Findings of Europe Synchronous Condenser Market
- The Europe Synchronous Condenser Market was valued at 1,140.53 USD Million in 2024.
- The Europe Synchronous Condenser Market is likely to grow at a CAGR of 4.48% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment 4 To 8 in No. of Poles Segment accounted for the largest share of the market with a revenue of 622.23 USD Million
- The fastest growing segment Above 200 MVAR in Reactive Power Rating Segment grew Fastest with a CAGR of 5.02% during the forecast period from 2024 to 2032.
Europe Synchronous Condenser Market Scope
Europe Synchronous Condenser Market Segmentation & Scope
Cooling Technology
- Hydrogen Cooled Synchronous Condenser
- Air-Cooled Synchronous Condenser
- Water Cooled Synchronous Condenser
Starting Method
- Static Frequency Convertor
- Pony Motor
- Others
Reactive Power Rating
- Above 200 MVAR
- 61-100 MVAR
- 31-60 MVAR
- 0-30 MVAR
- 101-200 MVAR
End User
- Electrical Utilities
- Industrial Sectors
Type
- New Synchronous Condenser
- Refurbished Synchronous Condenser
Design
- Cylindrical Rotor Design
- Salient Pole Design
No. of Poles
- 4 To 8
- Less Than 4
- More Than 8
Excitation System Type
- Static Excitation
- Brushless Excitation System
Europe Synchronous Condenser Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 827.75 USD Million |
| Market Value in 2032 | 1,140.53 USD Million |
| CAGR (2025-2032) | 4.48% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Cooling Technology,Starting Method,Reactive Power Rating,End User,Type,Design,No. of Poles,Excitation System Type |
Regional Insights:
-
Leading Market (2024-2032): Europe, leading in terms of revenue 827.75 USD Million in 2024
- Key Country: Germany, leading in terms of revenue with value of 155.88 USD Million in 2024.
Segments and Scope
-
Europe Synchronous Condenser Market to 2032, By Cooling Technology
- Hydrogen Cooled Synchronous Condenser is the largest segment in Europe Synchronous Condenser Market to 2032 with a revenue of 376.96 USD Million in the year 2024.
- Air-Cooled Synchronous Condenser is the Fastest growing segment in Europe Synchronous Condenser Market to 2032 with a Growth rate of 4.02 % in forecast period 2025-2032.
-
Europe Synchronous Condenser Market to 2032, By Starting Method
- Static Frequency Convertor is the largest segment in Europe Synchronous Condenser Market to 2032 with a revenue of 479.55 USD Million in the year 2024.
- Static Frequency Convertor is the Fastest growing segment in Europe Synchronous Condenser Market to 2032 with a Growth rate of 4.80 % in forecast period 2025-2032.
-
Europe Synchronous Condenser Market to 2032, By Reactive Power Rating
- Above 200 MVAR is the largest segment in Europe Synchronous Condenser Market to 2032 with a revenue of 410.35 USD Million in the year 2024.
- Above 200 MVAR is the Fastest growing segment in Europe Synchronous Condenser Market to 2032 with a Growth rate of 5.02 % in forecast period 2025-2032.
-
Europe Synchronous Condenser Market to 2032, By End User
- Electrical Utilities is the largest segment in Europe Synchronous Condenser Market to 2032 with a revenue of 614.81 USD Million in the year 2024.
- Electrical Utilities is the Fastest growing segment in Europe Synchronous Condenser Market to 2032 with a Growth rate of 4.73 % in forecast period 2025-2032.
-
Europe Synchronous Condenser Market to 2032, By Type
- New Synchronous Condenser is the largest segment in Europe Synchronous Condenser Market to 2032 with a revenue of 598.01 USD Million in the year 2024.
- New Synchronous Condenser is the Fastest growing segment in Europe Synchronous Condenser Market to 2032 with a Growth rate of 4.70 % in forecast period 2025-2032.
-
Europe Synchronous Condenser Market to 2032, By Design
- Salient Pole Design is the largest segment in Europe Synchronous Condenser Market to 2032 with a revenue of 464.98 USD Million in the year 2024.
- Salient Pole Design is the Fastest growing segment in Europe Synchronous Condenser Market to 2032 with a Growth rate of 4.79 % in forecast period 2025-2032.
-
Europe Synchronous Condenser Market to 2032, By No. of Poles
- 4 To 8 is the largest segment in Europe Synchronous Condenser Market to 2032 with a revenue of 622.23 USD Million in the year 2024.
- 4 To 8 is the Fastest growing segment in Europe Synchronous Condenser Market to 2032 with a Growth rate of 4.73 % in forecast period 2025-2032.
-
Europe Synchronous Condenser Market to 2032, By Excitation System Type
- Static Excitation is the largest segment in Europe Synchronous Condenser Market to 2032 with a revenue of 552.74 USD Million in the year 2024.
- Static Excitation is the Fastest growing segment in Europe Synchronous Condenser Market to 2032 with a Growth rate of 4.94 % in forecast period 2025-2032.
Europe Synchronous Condenser Market Company Share Analysis
Europe Synchronous Condenser Market Geographical Sales Distribution, 2018-2032 USD Million
Europe Synchronous Condenser Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Europe Synchronous Condenser Market is segmented based on Segmentation Cooling Technology,Starting Method,Reactive Power Rating,End User,Type,Design,No. of Poles,Excitation System Type.
Europe Synchronous Condenser Market was valued at USD 827.75(Revenue in USD Million) in 2021.
Europe Synchronous Condenser Market is projected to grow at a CAGR of 4.48% during the forecast period of 2024 to 2032.
The 4 To 8 segment is expected to dominate the Europe Synchronous Condenser Market, holding a largest market share of 622.23 USD Million in 2024
Europe Synchronous Condenser Market Scope
Europe Synchronous Condenser Market Segmentation & Scope
Cooling Technology
- Hydrogen Cooled Synchronous Condenser
- Air-Cooled Synchronous Condenser
- Water Cooled Synchronous Condenser
Starting Method
- Static Frequency Convertor
- Pony Motor
- Others
Reactive Power Rating
- Above 200 MVAR
- 61-100 MVAR
- 31-60 MVAR
- 0-30 MVAR
- 101-200 MVAR
End User
- Electrical Utilities
- Industrial Sectors
Type
- New Synchronous Condenser
- Refurbished Synchronous Condenser
Design
- Cylindrical Rotor Design
- Salient Pole Design
No. of Poles
- 4 To 8
- Less Than 4
- More Than 8
Excitation System Type
- Static Excitation
- Brushless Excitation System
Frequently Asked Questions
The Europe Synchronous Condenser Market is segmented based on Segmentation Cooling Technology,Starting Method,Reactive Power Rating,End User,Type,Design,No. of Poles,Excitation System Type.
Europe Synchronous Condenser Market was valued at USD 827.75(Revenue in USD Million) in 2021.
Europe Synchronous Condenser Market is projected to grow at a CAGR of 4.48% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Synchronous Condenser Market for final year is USD 1,140.53 (USD Million).
Europe Synchronous Condenser Market Company Profiling
Frequently Asked Questions
The Europe Synchronous Condenser Market is segmented based on Segmentation Cooling Technology,Starting Method,Reactive Power Rating,End User,Type,Design,No. of Poles,Excitation System Type.
Europe Synchronous Condenser Market was valued at USD 827.75(Revenue in USD Million) in 2021.
Europe Synchronous Condenser Market is projected to grow at a CAGR of 4.48% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Synchronous Condenser Market for final year is USD 1,140.53 (USD Million).
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