South America Synchronous Condenser Market (Impact of COVID-19) to See Massive Growth by 2028 | ABB Ltd., Brush Group, Eaton Corporation plc, General Electric Company, Siemens AG (Siemens Energy), Voith GmbH & Co. KGaA, WEG ELECTRIC CORP.

The SAM synchronous condenser market is expected to grow from US$ 15.23 million in 2019 to US$ 16.93 million by 2027; it is estimated to grow at a CAGR of 2.2 % from 2020 to 2027. Burgeoning demand for renewable power generation is also expected to drive the SAM synchronous condenser market. The potential for rising demand for renewable energy, combined with the electrification of transportation and increased involvement of oil and gas companies in the electricity value chain, is accelerating the convergence of the above-mentioned industries. Rising initiatives among states, cities, and utilities to pursue DE carbonization plans over the years are increasing the demand for renewable energy across the SAM. The energy production of most countries around the SAM has been dominated by fossil fuels since the industrial revolution. This significantly affects both the SAM climate and human health. In order to reduce carbon dioxide emission across the SAM, the consumption of renewable energy has increased, leading to the high demand for the same. Thus, rising investments in renewable power generation by major economies across the SAM are expected to influence the adoption of synchronous condensers.

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The Business Market Insights provides you regional research analysis on "South America Synchronous Condenser Market" and forecast to 2027. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the South America Synchronous Condenser market during the forecast period, i.e., 2020-2027.

Leading South America Synchronous Condenser market Players:
• ABB Ltd.
• Brush Group
• Eaton Corporation plc
• General Electric Company
• Siemens AG (Siemens Energy)
• Voith GmbH & Co. KGaA
• WEG ELECTRIC CORP.

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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the South America Synchronous Condenser market. The researcher provides an extensive analysis of the South America Synchronous Condenser market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the South America Synchronous Condenser market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the South America Synchronous Condenser market segments and regions.

South America Synchronous Condenser Market Segmentation
SAM Synchronous Condenser Market - By Cooling Type
• Air-cooled
• Hydrogen-cooled
• Water-cooled
SAM Synchronous Condenser Market - By Reactive Power Rating
• Up to 100 MVAr
• 100-200 MVAr
• Above 200 MVAr
SAM Synchronous Condenser Market - By Starting Method
• Pony Motor
• Static Frequency Converter
• Others
SAM Synchronous Condenser Market - By Application
• Metal and Mining
• Electrical Utilities and Grid Operators
• Marine
• Oil and Gas
• Others

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