Synchronous Condenser Market: Technology, Applications, Growth and Status 2023 - Planet Market Report

Planet Market Reports has added a report, titled, “Global Synchronous Condenser Outlook, For Outdoor Power Market Forecast to 2023.”
Planet Market Reports projects that the Synchronous Condenser market size will grow from USD 519.2 Million in 2017 to USD 602.2 Million by 2023, at an estimated CAGR of 2.5%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

The growth is attributed to increasing renewable power generation, long service life, and rising need for power factor correction. Existing and planned upgradation and expansion of High-Voltage Direct Current HVDC network across the globe in various regions is expected to increase demand for power factor correction equipment such as synchronous condensers.The hydrogen-cooled synchronous condenser segment is the largest segment and is expected to grow faster than other cooling methods employed for cooling synchronous condensers.
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The key driving factor will be installation of large-sized synchronous condenser units between 100 and 300 MVAr across regions. Owing to the installation of large-sized synchronous condensers, the market segment for synchronous condensers rated above 200 MVAr is the largest segment for synchronous condensers by reactive power rating. Also, large-sized or small-sized synchronous condensers installed in series can ideally be started using static frequency converter or pony motors, but owing to superior control, the static frequency converter segment for synchronous condensers is the leading segment and also the fastest growing segment for synchronous condensers.

By Market Players

ABB Ltd. , Siemens AG , Eaton Corporation PLC. , General Electric Company , Fuji Electric Co. Ltd. , Toshiba Corporation , Voith GmbH , Hyundai Ideal Electric Co. , Sustainable Power Systems Inc. , WEG SA , Electromechanical Engineering Associates, Inc. , Power Systems and Control, Inc,, ,

By Cooling Type
Hydrogen-Cooled Synchronous Condenser Market , Air-Cooled Synchronous Condenser Market , Water-Cooled Synchronous Condenser Market, ,

By Starting Method
Static Frequency Converter , Pony Motor , Others, ,

By Reactive Power Rating MVAR
Synchronous Condenser With Reactive Power Rating Up to 100 MVAR , Synchronous Condenser With Reactive Power Rating Between 100 MVAR–200 MVAR , Synchronous Condenser With Reactive Power Rating Above 200 MVAR, ,

By End-User
Electrical Utilities , Industries,

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, By Type, By Application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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Get a Free Sample Copy of this Report @
https://www.planetmarketreports.com/reports-sample/synchronous-condenser-industry-production-sales-and-consumption-status-and-prospects-professional-market-6362
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