Synchronous Condenser Market, By Cooling Type (Hydrogen Cooled, Air Cooled, Water Cooled), Reactive Power Rating (MVAR) (Up To 100 MVAR Synchronous Condensers, 100–200 MVAR Synchronous Condensers, Above 200 MVAR Synchronous Condensers), Starting Method (Static Frequency Converters, Pony Motors, Others), End-User (Electrical Utilities, Industries), Type (New Synchronous Condensers, Refurbished Synchronous Condensers), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Synchronous Condenser Market Overview
The global synchronous condenser market is anticipated to reach USD 512.7 million in 2021 growing at a CAGR of 2.6% during the forecasting period, 2021-2028.
Growing demand for renewable power generation and the increasing need for power factor correction are some of the factors that have supported long-term expansion for the synchronous condenser industry.
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Key Findings
Global synchronous condenser market is segmented into cooling type, starting method, reactive power rating (MVAR), end-user, type, and geography.
Cooling Type segment is segmented into Hydrogen Cooled, Air Cooled, and Water Cooled
Reactive Power Rating (MVAR) segment is segmented into Up To 100 MVAR Synchronous Condensers, 100–200 MVAR Synchronous Condensers, and Above 200 MVAR Synchronous Condensers
Starting Method segment is segmented into Static Frequency Converters, Pony Motors, and Others
End-User segment is segmented into Electrical Utilities and Industries
Type segment is segmented into New Synchronous Condensers and Refurbished Synchronous Condensers
Geographically, the global synchronous condenser market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Synchronous Condenser Market Regional Analysis
North America region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.
Synchronous Condenser Market Competitive Landscape
Key players
· ABB
· Siemens
· GE
· Weg
· Eaton
· Andritz
· Ansaldo Energia
· Fuji Electric
· Voith Group
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- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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The Synchronous Condenser Market report has been tailored in such a way that it gives total data related with market perspectives which directly or indirectly influence the industry structure.
The report also opens up on a detailed investigation of various market factor such as growth path, trends, revenue, challenges and opportunity during the forecast timeline.
Therefore, this report includes a full-scale market assessment that will help to acquire a deeper understanding of competitive benchmarking, market forecasts, company market share and market dynamics.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the synchronous condenser market include ABB Ltd., BRUSH Group, Eaton Corporation PLC, Fuji Electric Co., Ltd., General Electric, Hyundai Idela Electric Co., Mitsubishi Electric Corporation, Siemens AG, Voith GmBH, WEG Electric Corp.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Synchronous Condenser Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/synchronous-condenser-market/download-sampleMarket DynamicsPower grid stability becoming a significant challenge in modern-day hybrid transmission lines and higher penetration of renewables are the main driving forces for this market’s growth.
The high demand for perfect energy solutions to increase AC grids’ reliability, improve power quality, and boost transmission efficiency, especially for small, decentralized renewable power grids like solar, wind, and biogas plants, will be a market booster.
