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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Reasons to Acquire in the Synchronous Condenser Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for synchronous condenser market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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