Synchronous Condenser Market is Booming Massively by 2027 with Top Players ABB, BRUSH Group, Eaton Corporation, Fuji Electric, General Electric

MARKET INTRODUCTION

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.

MARKET DYNAMICS

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.

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MARKET PLAYERS

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 the way for the 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 in the global market. Below mentioned is the list of few companies engaged in the synchronous condenser market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the synchronous condenser market. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last 3 years, the key development in the past five years.

- 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.

Accusource Electronics, Advantest Corporation, ARM Ltd., Conres, Fortive, Hantek, National Instruments, NCI Logic Analyzers, OWON Technology, RED Pitaya, Rigol Technologies, Rohde & Schwarz, Saleae, Scientech Technologies, Yokogawa Electric, and Zeroplus are few other market players from value chain in the logic analyzer market which are not profiled in the report but the can be included based on request.

MARKET SCOPE

The "Global Synchronous Condenser Market Analysis to 2027" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the synchronous condenser market with detailed market segmentation by cooling type, reactive power rating, starting method, application, and geography. The global synchronous condenser market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading synchronous condenser market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

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.

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Table of Content:

1. INTRODUCTION
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SYNCHRONOUS CONDENSER MARKET LANDSCAPE
5. SYNCHRONOUS CONDENSER MARKET - KEY MARKET DYNAMICS
6. SYNCHRONOUS CONDENSER MARKET - GLOBAL MARKET ANALYSIS
7. SYNCHRONOUS CONDENSER MARKET - REVENUE AND FORECASTS TO 2027 - COOLING TYPE
8. SYNCHRONOUS CONDENSER MARKET - REVENUE AND FORECASTS TO 2027 - REACTIVE POWER RATING
9. SYNCHRONOUS CONDENSER MARKET - REVENUE AND FORECASTS TO 2027 - STARTING METHOD
10. SYNCHRONOUS CONDENSER MARKET - REVENUE AND FORECASTS TO 2027 - APPLICATION
11. SYNCHRONOUS CONDENSER MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
12. INDUSTRY LANDSCAPE
13. SYNCHRONOUS CONDENSER MARKET, KEY COMPANY PROFILES

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This release was published on openPR.