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Synchronous Condenser Market: Competitive Dynamics & Global Outlook 2023
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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Global Synchronous Condenser Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Synchronous Condenser will register a 26.7% CAGR in terms of revenue, reach US$ 51 million by 2023, from US$ 12 million in 2017.
Global Synchronous Condenser Market: Key Players
Siemens
GE
Eaton
ABB
Voith
WEG
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Related Information:
United States Synchronous Condenser Market Research Report 2018
Europe Synchronous Condenser Market Research Report 2018
North America Synchronous Condenser Market Research Report 2018
Asia-Pacific Synchronous Condenser Market Research Report 2018
China Synchronous Condenser Market Research Report 2018
EMEA Synchronous Condenser Market Research Report 2018
Global Synchronous Condenser Market Research Report 2018
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