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Synchronous Condenser Market 2020 Current Scenario, Top Manufacturers, Business Trends, COVID – 19 Impact Analysis, Trends, Growth and Regional Forecast to 2025

07-31-2020 08:54 AM CET | Energy & Environment

Press release from: Market Research Future

Synchronous Condenser Market

Synchronous Condenser Market

Synchronous Condenser Market Highlights

Global Synchronous Condenser Market has been segmented, based on Cooling Type, Into Hydrogen, Air, and Water. Hydrogen is considered an excellent cooling medium, owing to its superior cooling properties. It also helps reduce windage losses. Since the density of hydrogen is 7% of that of air, the windage loss for a hydrogen-filled unit is 7% of that encountered in air. Additionally, hydrogen cooling increases the overall full load efficiency of the generator by about 1% and the generator capacity by about 25% as compared to the air-cooling type.

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Water-cooled condensers involve a heat rejection loop where condenser heat is dissipated to the environment through the water. The water-cooled synchronous condensers are designed and fabricated to achieve the highest standards, ensuring superior performance, efficiency, and reliability in the thermal and nuclear power industries. The most common type of water-cooled condensers used in geothermal power plants are direct-contact and surface type condensers. Air-cooled condensers are commonly used for heat rejection in geothermal power plants where water is scarce, such as in the desert areas of the western region of the US.

As these condensers do not require a large volume of cooling water, the power plants using these condensers can easily be built in a region where water may not be available, or where its use is restricted or expensive. Air-cooled synchronous condensers are used for thermal power plants as they provide highly compact solutions for base and peak load power plants while involving easy and low-cost maintenance.

Segmental Overview

Based on reactive power rating, the global synchronous condenser market is segmented into up to 100 MVAr, between 100MVAr–200 MVAr, and above 200 MVAr. The 50-MVAr synchronous condensers require about 1.5 MW of real power to enhance the power line voltage regulation. Moreover, to achieve the power factor at 220 kV, approximately 70 MVAr capacitive power is required. Synchronous condensers are well suited for operation during overload conditions, for both short and long periods.

Based on type, the global synchronous condenser market has been segmented into new and refurbished. A new synchronous condenser is designed with either two or four poles and can be easily cooled using air, water, or hydrogen.

Based on the starting method, the global synchronous condenser market has been segmented into static frequency converter, pony motor, and others. A static frequency converter (SFC) is generally preferred by designers to start and control the speed of the motors since it does not require an extra device to run synchronous machines. An SCF is designed using two 6-pulse thyristor bridge [network bridge (NB) and machine bridge (MB)] that are combined using an intermediate DC link reactor.

By end-use, the global market has been segmented into electric utilities and industries. Electric utility companies face several challenges associated with electricity grids, including changes in power generation and environmental and regulatory policies, distributed generation, and withdrawal of traditional thermal power generation stations. Such challenges affect the electric-power facility infrastructure, resulting in inadequacy of voltage stability, power system inertia, power compensation, and low short-circuit strength.

Regional Outlook

In terms of region, the global synchronous condenser market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific dominates the synchronous condenser market. Factors such as the increasing T&D expenditure and the growing grid complexity are expected to drive the synchronous condenser market in the region during the forecast.

Australia relies on approximately 86% on non-renewable sources of electricity. The National Electricity Market (NEM) in eastern and southern Australia has an interconnected transmission network from Queensland through to New South Wales, the Australian Capital Territory (ACT), Victoria, South Australia, and Tasmania. Considering the lack of connectivity between Australia’s eastern and western transmission networks due to the presence of a desert, there is a lot of growth that can be achieved in the synchronous condenser market if interconnectivity is achieved between more sections of the country. The increasing investments in the transmission network create growth opportunities for the synchronous condensers market in Australia

Key Players

The Major Players operating in the Global Synchronous Condenser Market are ABB (Switzerland), Toshiba Corporation (Japan), WEG (Brazil), Ideal Electric Company (US), Power Systems & Controls, Inc. (US), Andritz (Austria), General Electric (US), Voith Group (Germany), Ansaldo Energia (Italy), Sustainable Power Systems, Inc. (US), Electro Mechanical Engineering Associates, Inc. (US), Eaton (Ireland), and Siemens (Germany).

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