openPR Logo
Press release

Synchronous Condenser Market : Worldwide Industry Analysis and New Market Opportunities Explored

07-24-2017 02:17 PM CET | Energy & Environment

Press release from: TMR Research

Synchronous Condenser Market : Worldwide Industry Analysis

Global Synchronous Condenser Market: Overview

A synchronous condenser, which is also known as synchronous compensator or synchronous capacitor is a device similar to a synchronous motor. It is designed such that its shafts spin freely. Its primary function does not include conversion of electric energy to mechanical energy or vice versa, but to regulate conditions on the electric power transmission grid. The field in synchronous condenser is controlled by a voltage regulator, which either absorbs or generates reactive power as required to adjust the voltage of the grid, or to enhance power factor. Its installation and operation are same as that of large electric motors and generators.

Global Synchronous Condenser Market: Key Trends

The growing reliance on renewable energy sources for power generation is stoking the growth of the global synchronous condenser market. The soaring need for power correction factor is also stimulating the growth of the market. An over-excited synchronous condenser has a leading power factor, rendering it useful for power factor correction of industrial loads. Moreover, the rising emphasis on long service life is boosting the demand for synchronous condensers.

Request Sample Copy of the Report @ www.tmrresearch.com/sample/sample?flag=B&rep_id=2021

On the flip side, the high costs of equipment and maintenance are impinging on the growth of the market. In addition, the availability of low-cost alternatives is exacerbating the problem, thereby hampering the growth of the market. However, the expanding high-voltage direct current (HVDC) network is likely to create lucrative opportunities for players in the market.

Global Synchronous Condenser Market: Market Potential

Over the past decade, there has been an impressive rise in the uptake of renewable energy sources for power generation. Governments worldwide and several organizations are paying high attention to cost effective solutions for renewable energy production. This, in turn, is working in favor of the growth of the global synchronous condenser market. Synchronous condenser manufacturers are benefiting from contracts for large power projects, leaving a massive impact on the market. For instance, in June 2015, Voith Hydro and its consortium partner received the contract from Manitoba Hydro for the Riel Synchronous Condenser. The project includes the design, supply, installation, and commissioning of four synchronous condensers rated 250 MVAR. These condensers will support Manitoba Hydro grid in reactive power and will be sealed to allow for hydrogen cooling.

Request TOC of the Report @ www.tmrresearch.com/sample/sample?flag=T&rep_id=2021

Global Synchronous Condenser Market: Regional Outlook

The key segments studied in the report on the basis of geography are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is expected to be a prominent destination for key players in the global market. Canada is witnessing a sharp rise in the demand for synchronous condensers, particularly new installations. In the U.S., the conversion of old power plants to synchronous condensers is driving the market. The operation of many thermal power plants is being shut down in the country to curtail pollution and encourage renewable power generation. This is also likely to create a staggering volume of demand for these condensers in the region. Asia Pacific is estimated to post a healthy CAGR during the forecast period, owing to the growing investments in the upgradation of existing power networks.

Global Synchronous Condenser Market: Competitive Landscape

Key players in the global synchronous condenser market are striving to win contracts for new installments and for the refurbishment of old power plants in order to expand their businesses. Agreements and product innovation are also commonly adopted strategies by market participants to stay relevant. Some of the prominent companies operating in the market are General Electric, Eaton Co. Plc., Siemens AG, Voith GmbH, ABB Ltd., Toshiba Corporation, Fuji Electric Co. Ltd., and Hyundai Ideal Electric Co.

Get Discount @ www.tmrresearch.com/sample/sample?flag=D&rep_id=2021

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

Rohit Bhisey
Head - Internet Marketing
Tel: +1-415-520-1050
Email: sales@tmrresearch.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 Synchronous Condenser Market : Worldwide Industry Analysis and New Market Opportunities Explored here

News-ID: 638110 • Views: 139

More Releases from TMR Research

Process Safety System Market Overview, Segmentation, Manufacturing, Opportunitie …
Global Process Safety System Market: Snapshot The number of safeguarding measures implemented today is very high on account of the increasing concerns over safety. However, the results are still not very positive. This is especially true for the various process industries that are vulnerable to accidents. Thus, the demand for process safety systems is expected to rise in the coming years for the application of several layers of protection. Process
Satellite Manufacturing Market Overview, Trends, Leading Companies, Types, Appli …
Global Satellite Manufacturing Market: Snapshot With both developing and developed countries focusing on space missions and looking forward to enhance their communication technologies, the demand for satellite manufacturing is increasing with every passing day. The installation of satellite technology is intense in many countries as they witness high demand for advanced digital streaming of contents. The fueling demand for commercial satellites along with military satellites is likely to play a key
Steam Turbine Market Regional Outlook (North America, Latin America, Europe, Asi …
Global Steam Turbine Market: Snapshot With the assistance of blades joined to a rotor, the steam turbines change thermal energy of steam into mechanical energy. The turbine begins to turn when steam of high pressure goes through the succession of rotor blades. With the developing populace over the world, and robust urbanization in developing economies, the continuous demand for power and energy is heightening reliably, and therefore, the demand in the
Power Transmission Components Market will grow at a robust pace between 2017 and …
Global Power Transmission Components Market: Overview Advancement of several industries and robust urbanization have set off a noteworthy rush of power and energy in the last couple of years. This has raised worries about high utilization of energy and has started a discussion among countries to devise approaches to check power a use. Altogether, the two variables have brought about a colossal interest for control transmission components, which are known to

All 5 Releases


More Releases for Synchronous

Global Synchronous Chip Sealer Market Growth
Market Research Mentor Data has launched a research report on the Global Synchronous Chip Sealer Market that predicts future market trends and current market trends. It includes analytic data of the synchronous chip sealer Market about growth rate, size, market trends, profitability, manufacturers, applications, historical data, popular regions, etc. The valuable detailed research report created by skilled industry experts, who are experienced in this research industry. This report on the
Synchronous Condenser Market - Challenging Trends Seen Across Globe 2017-2025
Global Synchronous Condenser Market: Overview A synchronous condenser, which is also known as synchronous compensator or synchronous capacitor is a device similar to a synchronous motor. It is designed such that its shafts spin freely. Its primary function does not include conversion of electric energy to mechanical energy or vice versa, but to regulate conditions on the electric power transmission grid. The field in synchronous condenser is controlled by a
Synchronous Condenser Market: Industry Size, Share, Growth, Forecasts 2017 - 202 …
The report analyzes and presents an overview of "Synchronous Condenser Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" worldwide. The objectives of this study are as follows: To define, describe, and forecast the "Synchronous Condenser" market by type, application, component, delivery model, end user, and region To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges) To analyze micromarkets with respect to
Global Synchronous Optical Networking Market 2025 : Emerging Trends & Upcoming T …
Qyresearchreports include new market research report "Global Synchronous Optical Networking Market Size, Status and Forecast 2025" to its huge collection of research reports. This report studies the global Synchronous Optical Networking market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Synchronous Optical Networking market by companies, region, type and end-use industry. The dynamics of the global Synchronous Optical Networking market is altering at a
Synchronous Condenser Market Delighted over 2025
Global Synchronous Condenser Market: Overview A synchronous condenser, which is also known as synchronous compensator or synchronous capacitor is a device similar to a synchronous motor. It is designed such that its shafts spin freely. Its primary function does not include conversion of electric energy to mechanical energy or vice versa, but to regulate conditions on the electric power transmission grid. The field in synchronous condenser is controlled by a
Synchronous Condenser Market - Lucrative Opportunities for Players 2017 - 2025
Global Synchronous Condenser Market: Overview A synchronous condenser, which is also known as synchronous compensator or synchronous capacitor is a device similar to a synchronous motor. It is designed such that its shafts spin freely. Its primary function does not include conversion of electric energy to mechanical energy or vice versa, but to regulate conditions on the electric power transmission grid. The field in synchronous condenser is controlled by a