Press release
Global Synchronous Condenser Market Study Analysis: Reactive power in the Synchronous Condenser segment will boost the growth of the market in the forecast period
To request a free sample, Go To: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=007063
Global Synchronous Condenser Market Drivers And Restrain:
The main contributors to the growth of the Synchronous Condenser market are the growing need for Power Factor Correction (PFC)
Growing need for Power Factor Correction (PFC):
Current renewable energy sources such as solar power and wind turbines can generate low-frequency currents that may be harmful to electrical appliances. To avoid the fluctuations and surges of generation from renewable resources, it is of utmost importance to design and install Power Factor Correction (PFC) equipment within the premises. Electrical loads with a poor power factor draw more current than those with improved power factors for the same amount of electricity transferred, which can put unnecessary stress on the distribution network.
The market is hampered by the high cost of equipment and maintenance costs.
Impact Of COVID-19 on the Synchronous Condenser Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window
Global Synchronous Condenser Market Segments:
The global Synchronous Condenser market is further segmented into, type, cooling type, starting method, reactive power rating, end-user, and geography.
By Type: New and Refurbished
By cooling Type: Air-cooled, Water-cooled, and Hydrogen-cooled
By starting method: Static Frequency Converter, Pony Motors, and Others
By reactive Power Rating: Up to 100 MVAR, 100-200 MVAR, and Above 200 MVAR
By End-User: Electrical Utilities and Industrial
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)
In 2020, Europe held the largest market share in terms of revenue generation owing to a huge consumer base.
Key Players of Global Synchronous Condenser Market:
• ABB (Switzerland)
• Siemens (Germany)
• GE (US)
• Eaton (Ireland)
• Voith Group (Germany)
• Fuji Electric (Japan)
• WEG (Brazil)
• BRUSH Group (UK)
• ANDRITZ (Austria)
For Any Query or Customization, Ask Our Industry Experts@https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=007063
Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Synchronous Condenser Market
• Value Chain Analysis of Global Synchronous Condenser Market
• What is the CAGR of the global Synchronous Condenser Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Contact: +1 773 644 5507 / +91 635 396 3987
Email: sales@evolvebi.com
Website: https://evolvebi.com/
About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advising service that offers creative solutions to a company's problems. Data beneficial to micro, small, medium, and large-scale businesses can be found in our market research studies. We offer a wide range of services, from data collection to business consulting.
Evolve Business Intelligence is built on account of technology advancement and our in-house AI-modelled data analysis and forecast tool - EvolveBI - provides extremely accurate data. This application tracks real-time statistics from Fortune's Global 2000 firms, including quarterly performance, annual performance, and recent changes.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Synchronous Condenser Market Study Analysis: Reactive power in the Synchronous Condenser segment will boost the growth of the market in the forecast period here
News-ID: 2554916 • Views: …
More Releases from Evolve Business Intelligence
Plant-Based Meat Market Forecast to Reach USD 26.98 Billion by 2033
The plant-based meat market is at a pivotal point, marked by strong growth in the past decade but now facing headwinds. While traditional retail channels have seen recent slowdowns, the non-store-based segment, which includes direct-to-consumer (D2C) e-commerce, meal kits, and food service, presents a significant and largely untapped opportunity. This channel allows brands to bypass the challenges of traditional retail, such as intense competition for shelf space and high listing…
Nuclear Power Plant Market Forecast to Reach USD 40.75 Billion by 2033
As the world seeks a clean, reliable, and sustainable energy future, High Temperature Gas-Cooled Reactors (HTGRs) are emerging as a prime candidate to lead the next generation of nuclear power. This advanced reactor technology, which uses a graphite-moderated core and inert helium coolant, offers a unique blend of inherent safety and versatility that extends well beyond traditional electricity generation. While challenges remain, the opportunity for HTGRs to transform the nuclear…
LED Lighting Market Forecast to Reach USD 255.92 Billion by 2035
The global LED lighting market is on a trajectory of significant expansion, fueled by the rising demand for energy-efficient and sustainable lighting solutions. While the market for LED lamps remains strong, luminaires-complete lighting fixtures with integrated LEDs-are emerging as the primary driver of future growth. Valued at an estimated USD 71.59 billion in 2023, the market is projected to surge to over USD 255.92 billion by 2035, with a compound…
Sensor Market Forecast to Reach USD 457.26 Billion by 2032
The global sensor market is at a pivotal point, poised for remarkable growth driven by the proliferation of smart devices, industrial automation, and the Internet of Things (IoT). The market, valued at an estimated USD 241.06 billion in 2024, is projected to expand significantly to approximately USD 457.26 billion by 2032, demonstrating a robust Compound Annual Growth Rate (CAGR) of about 8.5%. Within this dynamic landscape, a key player is…
More Releases for Synchronous
Synchronous Optical Network Market: A Comprehensive Overview
In 2023, the global Synchronous Optical Networking (SONET) market was valued at approximately USD 3.8 billion. Projections indicate that by 2032, the market will reach around USD 6.5 billion, reflecting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2032.
Synchronous Optical Network Market Overview
The Synchronous Optical Network (SONET) market is experiencing steady growth due to the increasing demand for high-speed, reliable, and secure data transmission across…
Back EMF of Permanent Magnet Synchronous Motor
Back EMF of Permanent Magnet Synchronous Motor [https://www.mingtengmotor.com/]
1. How is back EMF generated?
The generation of back electromotive force is easy to understand. The principle is that the conductor cuts the magnetic lines of force. As long as there is relative motion between the two, the magnetic field can be stationary and the conductor cuts it, or the conductor can be stationary and the magnetic field moves.
For permanent magnet synchronous motors…
Synchronous Optical Networking - An Updated Analysis
Synchronous optical networking is an optical fiber network that includes point-to-point and ring network for delivering high-speed networking solutions to several industries.
Download PDF Sample at https://www.theinsightpartners.com/sample/TIPRE00013610/?utm_source=Openpr&utm_medium=10396
In addition, synchronous optical networking caters a cost-effective medium to the end users for transferring huge volume of data through the help of optical carrier network (OCN). Moreover, synchronous optical networking offers pre-emptive performance monitoring that evades single and multiple failures and also permits…
Brushless Synchronous Generator Market From Hydro to Wind: Brushless Synchronous …
Brushless Synchronous Generator Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Brushless Synchronous Generator Market Size, Share & Trends Analysis Report By Type (DC Generator, AC Generator), By Power Rating (Below 350 kVA, 350-1,000 kVA, Above 1,000 kVA), By Application (Generator, Driving Motor, Wind Turbines, Rail, Marine, Industrial Motors, Others),…
Synchronous Condenser Market Technology Analysis - 2030
A synchronous condenser, also known as a synchronous compensator or synchronous capacitor, is a type of electrical device used in power systems to provide reactive power support and voltage stability. It is a rotating machine similar to a synchronous motor but operates without a mechanical load. Instead of converting electrical energy into mechanical energy, a synchronous condenser absorbs or generates reactive power to maintain the required voltage levels and stabilize…
Synchronous Condenser Market 2021 | Detailed Report
Global Synchronous Condenser Market 2021-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC, Tables and Figures)…
