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South Korea Synchronous Condenser Market to 2032

Overview

The South Korea Synchronous Condenser Market is expected to reach a 154,647.52 USD Billion by 2032 and is projected to grow at a CAGR of 5.51% from 2025 to 2032.

Revenue, 2024 (USD Billion)
114,155.36
Forecast, 2032 (USD Billion)
154,647.52
CAGR, 2024 - 2032
5.51%
Report Coverage
South Korea

South Korea Synchronous Condenser Market 2018-2032 USD Billion

South Korea Synchronous Condenser Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 114,155.36 USD Billion
  • Projected Market Size (2032): 154,647.52 USD Billion
  • CAGR (2025-2032): 5.51%

Key Findings of South Korea Synchronous Condenser Market

  • The South Korea Synchronous Condenser Market was valued at 114,155.36 USD Billion in 2024.
  • The South Korea Synchronous Condenser Market is likely to grow at a CAGR of 5.51% 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 84,236.89 USD Billion
  • The fastest growing segment Salient Pole Design in Design Segment grew Fastest with a CAGR of 6.36% during the forecast period from 2024 to 2032.

South Korea Synchronous Condenser Market Scope

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

South Korea Synchronous Condenser Market Data Coverage Insights

Study Period 2024-2032
Base Year 2021
Unit Revenue in USD Billion
Market Value in 2024 114,155.36 USD Billion
Market Value in 2032 154,647.52 USD Billion
CAGR (2025-2032) 5.51%
Historic Data 2016-2023
Market Segments Covered No. of Poles,Design,Type,End User,Reactive Power Rating,Starting Method,Cooling Technology,Excitation System Type

Regional Insights:

  • Leading Market (2024-2032): South Korea, leading in terms of revenue 114,155.36 USD Billion in 2024
    • Key Country: South Korea, leading in terms of revenue with value of 114,155.36 USD Billion in 2024.

Segments and Scope

  • South Korea Synchronous Condenser Market to 2032, By No. of Poles
    • 4 To 8 is the largest segment in South Korea Synchronous Condenser Market to 2032 with a revenue of 84,236.89 USD Billion in the year 2024.
    • 4 To 8 is the Fastest growing segment in South Korea Synchronous Condenser Market to 2032 with a Growth rate of 5.86 % in forecast period 2025-2032.
  • South Korea Synchronous Condenser Market to 2032, By Design
    • Salient Pole Design is the largest segment in South Korea Synchronous Condenser Market to 2032 with a revenue of 62,995.58 USD Billion in the year 2024.
    • Salient Pole Design is the Fastest growing segment in South Korea Synchronous Condenser Market to 2032 with a Growth rate of 6.36 % in forecast period 2025-2032.
  • South Korea Synchronous Condenser Market to 2032, By Type
    • New Synchronous Condenser is the largest segment in South Korea Synchronous Condenser Market to 2032 with a revenue of 80,612.01 USD Billion in the year 2024.
    • New Synchronous Condenser is the Fastest growing segment in South Korea Synchronous Condenser Market to 2032 with a Growth rate of 5.82 % in forecast period 2025-2032.
  • South Korea Synchronous Condenser Market to 2032, By End User
    • Electrical Utilities is the largest segment in South Korea Synchronous Condenser Market to 2032 with a revenue of 82,632.99 USD Billion in the year 2024.
    • Electrical Utilities is the Fastest growing segment in South Korea Synchronous Condenser Market to 2032 with a Growth rate of 5.69 % in forecast period 2025-2032.
  • South Korea Synchronous Condenser Market to 2032, By Reactive Power Rating
    • Above 200 MVAR is the largest segment in South Korea Synchronous Condenser Market to 2032 with a revenue of 53,180.21 USD Billion in the year 2024.
    • Above 200 MVAR is the Fastest growing segment in South Korea Synchronous Condenser Market to 2032 with a Growth rate of 6.11 % in forecast period 2025-2032.
  • South Korea Synchronous Condenser Market to 2032, By Starting Method
    • Static Frequency Convertor is the largest segment in South Korea Synchronous Condenser Market to 2032 with a revenue of 66,129.24 USD Billion in the year 2024.
    • Static Frequency Convertor is the Fastest growing segment in South Korea Synchronous Condenser Market to 2032 with a Growth rate of 5.86 % in forecast period 2025-2032.
  • South Korea Synchronous Condenser Market to 2032, By Cooling Technology
    • Hydrogen Cooled Synchronous Condenser is the largest segment in South Korea Synchronous Condenser Market to 2032 with a revenue of 49,250.85 USD Billion in the year 2024.
    • Air-Cooled Synchronous Condenser is the Fastest growing segment in South Korea Synchronous Condenser Market to 2032 with a Growth rate of 4.66 % in forecast period 2025-2032.
  • South Korea Synchronous Condenser Market to 2032, By Excitation System Type
    • Static Excitation is the largest segment in South Korea Synchronous Condenser Market to 2032 with a revenue of 74,412.69 USD Billion in the year 2024.
    • Static Excitation is the Fastest growing segment in South Korea Synchronous Condenser Market to 2032 with a Growth rate of 5.87 % in forecast period 2025-2032.

South Korea Synchronous Condenser Market Company Share Analysis

 
Company Name Company Share Analysis
ABB
General Electric
Eaton
Baker Hughes Company
Voith GmbH & Co. KGaA
South Korea Synchronous Condenser Market Company Share Analysis

South Korea Synchronous Condenser Market Geographical Sales Distribution, 2018-2032 USD Billion

South Korea Synchronous Condenser Market Geographical Sales Distribution, 2018-2032 USD Billion

South Korea Synchronous Condenser Market Company Profiling

South Korea Synchronous Condenser Market Company Profiling

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Frequently Asked Questions
The South Korea Synchronous Condenser Market is segmented based on Segmentation No. of Poles,Design,Type,End User,Reactive Power Rating,Starting Method,Cooling Technology,Excitation System Type.
South Korea Synchronous Condenser Market was valued at USD 114,155.36(Revenue in USD Billion) in 2021.
South Korea Synchronous Condenser Market is projected to grow at a CAGR of 5.51% during the forecast period of 2024 to 2032.
The 4 To 8 segment is expected to dominate the South Korea Synchronous Condenser Market, holding a largest market share of 84,236.89 USD Billion in 2024

South Korea Synchronous Condenser Market Scope

South Korea Synchronous Condenser Market Segmentation & Scope
No. of Poles
  • More Than 8
  • Less Than 4
  • 4 To 8
Design
  • Cylindrical Rotor Design
  • Salient Pole Design
Type
  • Refurbished Synchronous Condenser
  • New Synchronous Condenser
End User
  • Industrial Sectors
  • Electrical Utilities
Reactive Power Rating
  • 0-30 MVAR
  • 31-60 MVAR
  • 61-100 MVAR
  • 101-200 MVAR
  • Above 200 MVAR
Starting Method
  • Others
  • Pony Motor
  • Static Frequency Convertor
Cooling Technology
  • Water Cooled Synchronous Condenser
  • Air-Cooled Synchronous Condenser
  • Hydrogen Cooled Synchronous Condenser
Excitation System Type
  • Brushless Excitation System
  • Static Excitation
Frequently Asked Questions
The South Korea Synchronous Condenser Market is segmented based on Segmentation No. of Poles,Design,Type,End User,Reactive Power Rating,Starting Method,Cooling Technology,Excitation System Type.
South Korea Synchronous Condenser Market was valued at USD 114,155.36(Revenue in USD Billion) in 2021.
South Korea Synchronous Condenser Market is projected to grow at a CAGR of 5.51% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Synchronous Condenser Market for final year is USD 154,647.52 (USD Billion).

South Korea Synchronous Condenser Market Company Profiling

South Korea Synchronous Condenser Market Company Profiling
Frequently Asked Questions
The South Korea Synchronous Condenser Market is segmented based on Segmentation No. of Poles,Design,Type,End User,Reactive Power Rating,Starting Method,Cooling Technology,Excitation System Type.
South Korea Synchronous Condenser Market was valued at USD 114,155.36(Revenue in USD Billion) in 2021.
South Korea Synchronous Condenser Market is projected to grow at a CAGR of 5.51% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Synchronous Condenser Market for final year is USD 154,647.52 (USD Billion).

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