Press release
Synchronous Condenser Market 2021 Size, Growth Analysis Report, Forecast to 2027
The synchronous condenser market was valued at $57.64 million in 2019 and is expected to reach $588 million in 2027. It is expected to grow at an annual average of 2% from 2021 to 2027.This growth is due to increased renewable generation, long service life and increased demand for power factor correction. Existing and planned upgrades and expansions of high voltage direct current (HVDC) networks worldwide in various regions are expected to increase the demand for power factor correction equipment such as synchronous capacitors.
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Synchronous Condenser Market Segments:
By Cooling Type
• Air-Cooled
• Hydrogen-Cooled
• Water-Cooled
By Reactive Power Rating
• Up to 100 MVAr
• 100–200 MVAr
• Above 200 MVAr
By Starting Method
• Pony Motor
• Static Frequency Converter
• Others
By Application
• Metal and Mining
• Electrical Utilities and Grid Operators
• Marine
• Oil and Gas
• Others
Company Names
• ABB Ltd.
• Brush Group
• Eaton Corporation plc
• FUJI ELECTRIC CO., LTD.
• General Electric Company
• IDEAL ELECTRIC POWER CO.
• Mitsubishi Electric Power Products, Inc. (Mitsubishi Electric Corporation)
• Siemens Energy (Siemens AG)
• Voith GmbH & Co. KGaA
• WEG ELECTRIC CORP.
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• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Synchronous Condenser Market Report
• What was the Synchronous Condenser Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Synchronous Condenser Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Synchronous Condenser Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
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About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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