Press release
Worldwide Synchronous Condenser Industry Analysis, Major Key Players and Foresight to 2023
A synchronous condenser is an identical device to a synchronous motor, whose main shaft is not interlinked with any other device but has free spin. Its main application is to adjust conditions on the electric power transmission grid. Voltage regulator controls its field to generate or absorb reactive power as needed to reduce the fluctuating grid’s voltage, or to improve power factor.
Increase in electric power consumption and growing need to increase transmission capacity are becoming important in current market. Also, increase in renewable power generation, retiring conventional power plants, and increasing need of High-Voltage-Direct-Current (HVDC) has a substantial effect on stability of transmission grid. Synchronous condensers play a key role by generating leading and lagging reactive power resulting to stabilize the transmission grid. Its main advantages are short-circuit power capability, no harmonics are generated and provides inertia to the transmission grid. The key driving factors for this market is the large-scale demand by utilities for high-capacity synchronous condensers, also power generated from renewable sources is of fluctuating nature and needs power factor correction to maintain voltage stability and durability of synchronous condenser among others.
The synchronous condenser system is expected to grow with the CAGR of approximately 2% from 2017 to 2023.
Market Segments
Global Synchronous Condenser Market can be segmented as follows:
• Segmentation by Cooling Type: Hydrogen, Air, and Water
• Segmentation by Reactive Power Rating: Up to 100 MVAr, Between 100-200 MVAr, & Above 200 MVAr
• Segmentation by Type: New, Refurbished
• Segmentation by Starting Method: Static Frequency Converter, Pony Motor
• Segmentation by End User: Electrical Utilities, Industries
• Segmentation by Region: North America, Europe, Asia-Pacific and Rest of World
To Get Sample Copy of Report Visit @ https://www.marketresearchfuture.com/sample_request/3169
Study Objective of Synchronous Condenser Market
• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global synchronous condenser market.
• To provide insights about factors affecting the market growth
• To analyze the global synchronous condenser market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by material type, product, application and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the synchronous condenser market.
Read the full report: @ https://www.marketresearchfuture.com/reports/synchronous-condenser-market-3169
Key Players:
The key players of drill pipe market are:
• Siemens AG (Germany)
• General Electric (U.S.)
• Eaton Co. Plc. (Ireland)
• ABB Ltd. (Switzerland)
• Voith GmbH (Germany)
• Fuji Electric Co., Ltd. (Japan)
• Toshiba Corporation (Japan)
• Hyundai Ideal Electric Co. (U.S.)
• Sustainable Power Systems LLC. (USA)
• WEG Industries (Brazil)
• Electro Mechanical Engineering Associates (USA)
• Power Systems and Control (USA)
Intended Audience
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities.
Global Analysis
The global synchronous condenser market begins with the tendering for HVDC network and substations. The tender is then scrutinized by the contractors/manufacturers for new units or replacement of conventional power plants. The delivering services, in addition, accommodate a new synchronous condenser units, ancillary components for renovation or alteration. Further step is installation of new units or alteration to synchronous condenser mode. Repair and maintenance is the following step which includes scheduled maintenance, repairs, renovations and alterations.
The synchronous condensers market in North America is projected to grow at the fastest rate during the forecast period. Gradual termination of conventional thermal power plants and growing renewable power generation are driving the synchronous condensers market in the region. North America is followed by Europe. Requirement for synchronous condensers in Europe is mainly driven by growing HVDC network in the region.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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 Worldwide Synchronous Condenser Industry Analysis, Major Key Players and Foresight to 2023 here
News-ID: 575275 • Views: …
More Releases from Market Research Future
Glue Machine Market to Reach USD 14.9 Billion by 2035, Growing at 4.56% CAGR
The Glue Machine Market is witnessing significant growth due to the increasing adoption of adhesive technologies across various industries, including packaging, woodworking, automotive, furniture, and construction. Valued at USD 9.15 billion in 2024, the market is projected to reach USD 14.9 billion by 2035, registering a CAGR of 4.56% between 2025 and 2035.
Glue machines, also known as adhesive application machines, are critical for efficiently dispensing adhesives in industrial and commercial…
Expansion Valves Market to Reach USD 5.39 Billion by 2035, Growing at 4.62% CAGR
The expansion valves market is witnessing steady growth due to increasing demand for efficient heating, ventilation, air conditioning, and refrigeration (HVACR) systems across residential, commercial, and industrial sectors. Valued at USD 3.28 billion in 2024, the market is projected to reach USD 5.39 billion by 2035, growing at a CAGR of 4.62% between 2025 and 2035.
Expansion valves, also known as thermostatic expansion valves (TXVs) or electronic expansion valves (EEVs), are…
Cheese Packaging Market to Reach USD 101.31 Billion by 2034, Growing at 3.50% CA …
The Cheese Packaging Market is poised for steady growth over the next decade due to rising demand for dairy products, evolving consumer preferences, and increasing focus on food safety and sustainability. According to recent estimates, the market was valued at USD 71.87 billion in 2024 and is projected to reach USD 101.31 billion by 2034, growing at a compound annual growth rate (CAGR) of 3.50% between 2025 and 2034.
Cheese packaging…
Maritime Market to Reach USD 2,920 Billion by 2035, Growing at 2.69% CAGR
The Maritime Market is a cornerstone of international trade, logistics, and economic connectivity, serving as the backbone of global commerce. Valued at USD 2,181.1 billion in 2024, the market is projected to expand to USD 2,920 billion by 2035, registering a steady CAGR of 2.69% between 2025 and 2035. Despite modest growth, the industry's scale and importance are unmatched, as more than 80% of global trade volume is carried by…
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)…
