In electrical engineering, a synchronous condenser (sometimes called a synchronous capacitor or synchronous compensator) is a device, identical to a synchronous motor, whose shaft is not connected to anything but spins freely.
Its purpose is not to convert electric power to mechanical power or vice versa, but to adjust conditions on the electric power transmission grid. Its field is controlled by a voltage regulator to either generate or absorb reactive power as needed to adjust the grid's voltage, or to improve power factor. The condenser?s installation and operation are identical to large electric motors and generators.
The industry's leading manufacturers are Siemens, Shanghai Electric and Dongfang Electric, which accounted for 16 percent, 27 percent and 26 percent of revenues respectively in 2019.

Market Analysis and Insights: Global Synchronous Condenser Market
In 2020, the global Synchronous Condenser market size was US$ 163.1 million and it is expected to reach US$ 209.2 million by the end of 2027, with a CAGR of 3.6% during 2021-2027.
Global Synchronous Condenser Scope and Market Size
Synchronous Condenser market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Synchronous Condenser market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Synchronous Condenser market is segmented into
Below 100 M Var
100-200 M Var
Above 200 M Var

Segment by Application, the Synchronous Condenser market is segmented into
Transmission System Strength
HVDC Link Support
New Energy
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

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