| Product Code: ETC4787709 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Sweden saw a consistent inflow of synchronous condenser imports, with Spain, Denmark, China, Germany, and Czechia emerging as the top exporting countries. Despite a negative CAGR of -8.41% from 2020 to 2024, the market remained highly concentrated, reflected by a high Herfindahl-Hirschman Index (HHI). The growth rate in 2024 experienced a slight improvement compared to the previous year, with a decline of -6.54%. This data suggests a stable yet competitive market for synchronous condensers in Sweden, with key players maintaining their positions in the industry.
The Synchronous Condenser market in Sweden is projected to grow at a stable growth rate of 0.00% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sweden Synchronous Condenser Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Synchronous Condenser Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Synchronous Condenser Market - Industry Life Cycle |
3.4 Sweden Synchronous Condenser Market - Porter's Five Forces |
3.5 Sweden Synchronous Condenser Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Sweden Synchronous Condenser Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.7 Sweden Synchronous Condenser Market Revenues & Volume Share, By Reactive Power Rating, 2021 & 2031F |
3.8 Sweden Synchronous Condenser Market Revenues & Volume Share, By Starting Method, 2021 & 2031F |
3.9 Sweden Synchronous Condenser Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Sweden Synchronous Condenser Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for renewable energy sources, leading to the integration of more renewable energy into the grid, which requires synchronous condensers for grid stability. |
4.2.2 Growing focus on grid reliability and stability, driving the adoption of synchronous condensers as they help regulate voltage and provide reactive power support. |
4.2.3 Government initiatives and regulations promoting the development of smart grids and enhancing grid infrastructure, boosting the demand for synchronous condensers. |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with synchronous condensers, limiting adoption among smaller utility companies. |
4.3.2 Technological advancements in other grid stabilization solutions, such as energy storage systems, posing a competitive challenge to synchronous condensers. |
4.3.3 Limited availability of skilled workforce for the installation and maintenance of synchronous condensers, hindering market growth. |
5 Sweden Synchronous Condenser Market Trends |
6 Sweden Synchronous Condenser Market Segmentations |
6.1 Sweden Synchronous Condenser Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Sweden Synchronous Condenser Market Revenues & Volume, By New, 2021-2031F |
6.1.3 Sweden Synchronous Condenser Market Revenues & Volume, By Refurbished, 2021-2031F |
6.2 Sweden Synchronous Condenser Market, By Cooling Type |
6.2.1 Overview and Analysis |
6.2.2 Sweden Synchronous Condenser Market Revenues & Volume, By Hydrogen cooled, 2021-2031F |
6.2.3 Sweden Synchronous Condenser Market Revenues & Volume, By Air cooled, 2021-2031F |
6.2.4 Sweden Synchronous Condenser Market Revenues & Volume, By Water cooled, 2021-2031F |
6.3 Sweden Synchronous Condenser Market, By Reactive Power Rating |
6.3.1 Overview and Analysis |
6.3.2 Sweden Synchronous Condenser Market Revenues & Volume, By Up to 100 MVAr, 2021-2031F |
6.3.3 Sweden Synchronous Condenser Market Revenues & Volume, By 100? ??200 MVAr, 2021-2031F |
6.3.4 Sweden Synchronous Condenser Market Revenues & Volume, By Above 200 MVAr, 2021-2031F |
6.4 Sweden Synchronous Condenser Market, By Starting Method |
6.4.1 Overview and Analysis |
6.4.2 Sweden Synchronous Condenser Market Revenues & Volume, By Static frequency converters, 2021-2031F |
6.4.3 Sweden Synchronous Condenser Market Revenues & Volume, By Pony motors, 2021-2031F |
6.4.4 Sweden Synchronous Condenser Market Revenues & Volume, By Others, 2021-2031F |
6.5 Sweden Synchronous Condenser Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Sweden Synchronous Condenser Market Revenues & Volume, By Electrical Networks, 2021-2031F |
6.5.3 Sweden Synchronous Condenser Market Revenues & Volume, By Industrial, 2021-2031F |
6.5.4 Sweden Synchronous Condenser Market Revenues & Volume, By Power Point, 2021-2031F |
6.5.5 Sweden Synchronous Condenser Market Revenues & Volume, By Others, 2021-2031F |
7 Sweden Synchronous Condenser Market Import-Export Trade Statistics |
7.1 Sweden Synchronous Condenser Market Export to Major Countries |
7.2 Sweden Synchronous Condenser Market Imports from Major Countries |
8 Sweden Synchronous Condenser Market Key Performance Indicators |
8.1 Percentage increase in the installation of synchronous condensers in Sweden over a specific period. |
8.2 Average capacity utilization rate of synchronous condensers in the market. |
8.3 Number of grid stability incidents or power outages prevented by the presence of synchronous condensers. |
9 Sweden Synchronous Condenser Market - Opportunity Assessment |
9.1 Sweden Synchronous Condenser Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Sweden Synchronous Condenser Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.3 Sweden Synchronous Condenser Market Opportunity Assessment, By Reactive Power Rating, 2021 & 2031F |
9.4 Sweden Synchronous Condenser Market Opportunity Assessment, By Starting Method, 2021 & 2031F |
9.5 Sweden Synchronous Condenser Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sweden Synchronous Condenser Market - Competitive Landscape |
10.1 Sweden Synchronous Condenser Market Revenue Share, By Companies, 2024 |
10.2 Sweden Synchronous Condenser Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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