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Flywheel Synchronous Condenser Market - By Cooling (Hydrogen Cooled, Air Cooled, Water Cooled), By Starting Method (Static Drive, Pony Motors), By End User (Utility, Industrial), By Reactive Power Rating, 2024 – 2032

  • Report ID: GMI9658
  • Published Date: May 2024
  • Report Format: PDF

Flywheel Synchronous Condenser Market Size

Flywheel Synchronous Condenser Market size was assessed at USD 93.1 million in 2023 and is envisioned to grow at a CAGR of 18.5% from 2024 and 2032. With the growing adoption of renewable energy sources, synchronous condensers are gaining attention for their capacity to support the grid, enhance stability, and provide reactive power compensation, especially in regions with a significant proportion of intermittent renewable generation.

Flywheel Synchronous Condenser Market

Many power grids globally, including those in developed countries, are contending with aging infrastructure. Synchronous condensers are viewed as a viable solution to bolster grid stability and supply reactive power support, particularly in areas with older power systems. The electrical grid forms a comprehensive ecosystem that includes manufacturers, asset owners, federal, state, and local government entities, as well as service providers. The U.S. Department of Energy, particularly through the Office of Electricity Delivery & Energy Reliability (OE), has been actively working with both private and public partners to strengthen, enhance, and transform the energy infrastructure.

Flywheel Synchronous Condenser Market Trends

Synchronous condensers, with their ability to support grid stability, are integral to these initiatives. Power quality concerns, such as voltage stability and reactive power control, are becoming more prominent. Synchronous condensers are viewed as effective tools to address these issues and enhance overall power system performance. The growing focus on environmental sustainability and compliance with environmental regulations has also driven the adoption of technologies that improve grid efficiency. In this context, synchronous condensers are considered a valuable component of power system infrastructure.

Flywheel Synchronous Condenser Market Analysis

Flywheel Synchronous Condenser Market, By Cooling, 2022-2032 (USD Million)

The market, based on cooling, is categorized into hydrogen cooled, air cooled, and water cooled. The hydrogen cooled segment is projected to exceed over USD 160 million by 2032. The hydrogen-cooled market is seeing significant growth and evolving trends driven by the increasing need for grid stability and the integration of renewable energy sources. Hydrogen-cooled synchronous condensers offer several benefits, such as high thermal conductivity, low windage losses, and efficient heat dissipation. These systems are favored in large power plants and high-power applications due to their reduced maintenance needs and extended operational lifespans.

Flywheel Synchronous Condenser Market, By Cooling, 2022-2032 (USD Million)

Based on starting method, the flywheel synchronous condenser market is segmented into static drive, pony motors, and others. The static drive segment is expected to grow at a CAGR of more than 18.1% by 2032. Static drive systems offer rapid response times and exceptional dynamic performance in synchronous condensers. The ability to swiftly adjust reactive power output is a key advantage for synchronous condensers with static drives when responding to grid events such as voltage fluctuations or disturbances. This feature significantly improves the stability and reliability of the power system, making these systems well-suited for applications that demand high-performance grid support.

Asia Pacific Flywheel Synchronous Condenser Market, 2022-2032 (USD Million)

The Asia Pacific flywheel synchronous condenser market is anticipated to reach over USD 120 million by 2032. Countries like China, India, and Japan are focusing on integrating renewable energy sources into their grids. Synchronous condensers are crucial in stabilizing these grids, which often suffer from variability in power supply due to renewable sources like wind and solar energy. Advances in cooling technologies, particularly hydrogen cooling, are making synchronous condensers more efficient and reliable. This is leading to their increased adoption across various industries and utilities.

The increasing adoption of renewable energy sources, such as wind and solar, is a significant driver for the synchronous condenser market in the U.S. Synchronous condensers help stabilize the grid by providing necessary reactive power and maintaining voltage levels, which are critical for integrating intermittent renewable energy sources.

Flywheel Synchronous Condenser Market Share

Flywheel Synchronous Condenser  Company Market Share, 2023

ABB is a leading player in the flywheel synchronous condenser industry, renowned for its deep expertise in manufacturing a variety of synchronous condensers. The company's portfolio includes both conventional synchronous condenser models and specialized variants, demonstrating its strong heritage in the electrical components industry. ABB has effectively delivered customized flywheel synchronous condenser solutions to address a wide range of application needs, further solidifying its prominent position in the market.

Flywheel Synchronous Condenser Market Companies

  • ABB
  • Ansaldo Energia
  • Baker Hughes
  • Doosan Škoda Power
  • General Electric
  • Ingeteam
  • Mitsubishi Electric Power Products, Inc.
  • Siemens Energy

Flywheel Synchronous Condenser Industry News:

  • In March 2023, ABB executed a significant turnkey project in collaboration with Statkraft, Europe's largest renewable power producer. The project's objective was to reinstate crucial system inertia, necessary for ensuring the stable operation of the UK power grid. This has become increasingly vital as the country transitions from traditional fossil fuels to renewable energy sources including wind & solar power.
  • In August 2022, Siemens Energy was awarded a contract by TenneT, the German-Dutch grid operator, to deliver three grid stabilization system solutions for the German power grid. Two of the three systems supplied by Siemens Energy were synchronous condensers. Siemens Energy constructed the synchronous condensers in Würgassen & Großkrotzenburg.

Flywheel synchronous condenser market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032, for the following segments:

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Market, By Cooling (USD Million)

  • Hydrogen Cooled
  • Air Cooled
  • Water Cooled

Market, By Starting Method (USD Million)

  • Static Drive
  • Pony Motors
  • Others

Market, By End User (USD million)

  • Utility
  • Industrial

Market, By Reactive Power Rating (USD million)

  • 50 MVAr
  • 100 MVAr
  • 200 MVAr
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
  • Latin America
    • Brazil
    • Argentina


Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The flywheel synchronous condenser market size was USD 93.1 million in 2023 and is envisioned to grow at 18.5% CAGR through 2024- 2032, owing to their capacity to support the grid, enhance stability, and provide reactive power compensation.

The static drive starting segment of the market will grow at over 18.1% CAGR during 2024- 2032, as they offer rapid response times and exceptional dynamic performance in synchronous condensers.

Asia Pacific flywheel synchronous condenser market size is anticipated to reach over USD 120 million by 2032, driven by advances in cooling technologies.

ABB, ANDRITZ, Ansaldo Energia, Baker Hughes, Doosan Škoda Power, General Electric, Ingeteam, Mitsubishi Electric Power Products, Inc., and Siemens Energy among others.

Flywheel Synchronous Condenser Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 20
  • Countries covered: 17
  • Pages: 80
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