Press release
Global Synchronous Condenser Market: Industry Trend analysis,Revenue, Sales, Competition Tracking, Key Drivers and Forecast Period (2018-2025)
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.
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Synchronous condenser industry has high technology barrier and is technology intensive industry. Currently, there are several producing companies in the world synchronous condenser industry. The main market players are Siemens, GE, Eaton, ABB, Voith and WEG. The production of synchronous condenser will increase to 262 M Var in 2017 from 180 M Var in 2012 with average growth rate of 27.55%.
North America and Europe are the main production regions and consumption regions. The synchronous condenser is mainly applied in long distance power transmission of large-scale power plants.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents increasing trend according to the economy development status and international competition. Also, there is fluctuation in gross margin.
The global Synchronous Condenser market is valued at 12 million US$ in 2017 and will reach 59 million US$ by the end of 2025, growing at a CAGR of 21.7% during 2018-2025.
The major manufacturers covered in this report
Siemens
GE
Eaton
ABB
Voith
WEG
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
Southeast Asia
India
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
200 M Var
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Wind Power
Hydropower
Others
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