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Synchronous Condenser Market Growth Report and Outlook to 2027 – ABB, BRUSH Group, Eaton Corporation, Fuji Electric, General Electric, Hyundai Idela Electric

09-09-2019 12:10 PM CET | Media & Telecommunications

Press release from: The Insight Partners

Synchronous Condenser Market to 2027

Synchronous Condenser Market to 2027

This market research report provides a big picture on “Synchronous Condenser Market”, on a Global basis, offering a forecast and statistic in terms of revenue during the forecast period. The report covers a descriptive analysis with detailed segmentation, complete research and development history, latest news and press releases. Furthermore, the study explains the future opportunities and a sketch of key players involved in the “Synchronous Condenser Market’s hike in terms of revenue.

Synchronous motors deployed for power factor alignment in the power lines are defined as synchronous condensers. The lagging power factors within the electrical circuits that have inductive loads are encountered with lowering efficiencies and require an equipment to control this loss. Synchronous condensers neutralize the lagging power factor in such circuits. Further, the hydrogen-cooled synchronous condensers are anticipated to garner largest market share in the synchronous condenser market through the forecast period.

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The rising demands for renewable power generation and the need for power factor corrections are anticipated to be the major drivers for the synchronous condenser market. Higher costs of installations and equipment maintenance would pose a challenge to the growth of the synchronous condenser market. Increasing interests towards transforming the legacy synchronous generators into synchronous condensers would provide good opportunities to the players operating in the synchronous condenser market.

Leading key Market Players Mentioned in the Report:-
- ABB Ltd.
- BRUSH Group
- Eaton Corporation PLC
- Fuji Electric Co., Ltd.
- General Electric
- Hyundai Idela Electric Co.
- Mitsubishi Electric Corporation
- Siemens AG
- Voith GmBH
- WEG Electric Corp.

The reports cover key developments in the Synchronous Condenser Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Synchronous Condenser Market are anticipated to lucrative growth opportunities in the future with the rising demand for Synchronous Condenser Market in the global market.

The global synchronous condenser market is segmented on the basis of cooling type, reactive power rating, starting method, and application. Based on cooling type, the synchronous condenser market is segmented into hydrogen-cooled, air-cooled, and water-cooled. On the basis of reactive power rating, the synchronous condenser market is segmented into Up to 100 MVAr, 100-200 MVAr, and above 200 MVAr. Further, the synchronous condenser market is segmented on the basis of starting method into static frequency converter, pony motor, and others. The synchronous condenser market on the basis of the application is classified into electrical utilities and grid operators, metal and mining, marine, oil and gas, and others.

Detailed segmentation of the market, on the basis of Type and Application and a descriptive structure of trends and restrictions of the segments and sub-segments are mentioned in the report. It also provides the market size and estimates a forecast from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Synchronous Condenser Market.

The report assists in determining and analyzing the Key market players’ portfolios with information such as company profiles, components and services offered, financial information of last 3 years, key developments in past five years and helps in constructing strategies to gain competitive advantage. The market payers from Synchronous Condenser Market are anticipated to lucrative growth opportunities in the future with the rising demand for Synchronous Condenser in the global market. Below mentioned is the list of few companies engaged in the Synchronous Condenser Market.

Answers that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the “Synchronous Condenser Market”.
• Key market trends cracking up the growth of the “Synchronous Condenser Market”.
• Challenges to market growth.
• Key vendors of “Synchronous Condenser Market”.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global “Synchronous Condenser Market”.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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The Insight partners,
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Email: sales@theinsightpartners.com
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About Us
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.

We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.

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