openPR Logo
Press release

Synchronous Condenser Market Set to Surge Significantly During 2017 - 2025

12-28-2017 10:43 AM CET | Energy & Environment

Press release from: TMR Research

Synchronous Condenser Market Set to Surge Significantly During

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 @ https://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 @ https://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.

Request Discount of the Report @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=2021

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.

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:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
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 Set to Surge Significantly During 2017 - 2025 here

News-ID: 878299 • Views: 422

More Releases from TMR Research

Photographic Equipment Market Newer segments of application 2025 | Eastman Kodak …
Global Photographic Equipment Market: Snapshot The global photographic equipment market has gained substantially from the high demand for replacement of built-in lenses in digital as well as compact point-and-shoot cameras. The breakthrough innovations in technology is also adding to the growth of this market. The recent technological advancements have enabled vendors to introduce value-added services for photography equipment. Going forward, several technological advancements, such as the integration of touchscreens and HD
Mobile Handset Protection Market Exclusive insight on Transformation 2025 | Squa …
Mobile Handset Protection Market – Snapshot The global mobile handset protection market is expected to witness substantial growth over the period of forecast, thanks to the phenomenal penetration of mobile phones across the globe. In a world that is driven by communication and connectivity, mobile phones have become an integral part of everyday life. With the augmented awareness about the need and importance of mobile phones, the need for it protection
Acoustic Wave Sensor (SAW and BAW) Market Insights, Trends and Growth Outlook 20 …
Global Acoustic Wave Sensor (SAW and BAW) Market: Snapshot Acoustic wave sensors are a particular type of microelectromechanical systems, or MEMS, that depend on the use and modulation of acoustic waves in order to detect the presence of changes in a physical object or phenomenon. The acoustic wave sensor usually converts an electrical input into mechanical waves that can be influenced by the object or objects. This is because mechanical waves
Telepresence and Videoconferencing Market Study by 2025 | Avistar Communications …
Global Telepresence and Videoconferencing Market: Snapshot Telepresence refers to a technology bundle that can allow an individual or a group of people to achieve the sensation of being present at a different location. To do so they can also use telerobotics, and telepresence needs a user to achieve strongly the feeling of being present in a different intended location by providing them stimulus to single or multiple of their senses. More

All 5 Releases


More Releases for Synchronous

Global Permanent Magnet Synchronous Motor (PMSM) Market Growth 2019-2024
A permanent magnet synchronous motor (PMSM) uses permanent magnets embedded in the steel rotor to create a constant magnetic field. The stator carries windings connected to an AC supply to produce a rotating magnetic field. At synchronous speed the rotor poles lock to the rotating magnetic field. Permanent magnet synchronous motors are similar to brushless DC motors. Get Free Sample Copy of this Report : https://www.researchgoal.com/reports/99S7653191 With the development of technology, the
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 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
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
Global Synchronous Condenser Market Report 2017
The Synchronous Condenser Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Synchronous Condenser industry. Firstly, the report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Synchronous Condenser market analysis is provided for the international market including development history, competitive landscape analysis, and major regions’ development status. Secondly, development policies and plans are discussed as well as manufacturing processes and cost
Global Synchronous Pulleys Market Research Report Forecast 2017-2021
The Global Synchronous Pulleys Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the Synchronous Pulleys industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Synchronous Pulleys market study provides comprehensive data which enhances the understanding, scope and