Press release
Synchronous Condensers Market to Reach Over US$ 1,200 Mn by the end of 2027
The synchronous condensers market is witnessing a significant growth owing to the special equipment properties. These condensers have the ability to absorb or produce reactive power on a transient basis. This helps correct the power factor and stabilise the power grid against short circuits and other transient fault conditions. It also has active components designed according to project-specific needs. These condensers are used for electrical power utilities and also for industry purposes.
A new research report by Future Market Insights titled ‘Synchronous Condensers Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’, provides all the crucial insights of the global synchronous condensers market. According to the research report, the global synchronous condensers market is expected to hold a valuation of over US$ 720 Mn in 2017 and reach over US$ 1,200 Mn by the end of 2027. The global market is anticipated to expand at a robust CAGR of 5.2% during the forecast period.
Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4239
Global Synchronous Condensers Market: Dynamics
Revenue growth of the global synchronous condensers market is driven by a lot of factors including increase in renewable energy-based power generation and demand for power factor correction. Another factor that plays an important role in the growth of the market is the increase in environment regulations owing to global climate changes. Old power plants generating power from non-renewable energy sources have to be converted into renewable power generation or shifted away from residential areas. This shifting of power plants away from residential areas results in the setting up of long distance transmission lines for transferring electric power from power plants to the grid located in the city. This leads to power loss, as the length of a transmission line is directly proportional to the power loss occurred. Hence, synchronous condensers are installed at power plants to mitigate the power loss in transmission by moving reactive power and changing the voltage of the grid to balance the distribution across long distances. This factor drives the growth of the synchronous condensers market.
However the market analysis indicates that revenue growth of the market is expected to be hindered by long installation duration time and long refresh cycles associated with synchronous condensers.
Global Synchronous Condensers Market: Segmental Highlights
The global synchronous condensers market is divided into different segments on the basis of various parameters. The segmental forecasts are given below.
On the basis of product type, new synchronous condensers lead the market holding a value of over US$ 409 Mn in 2017 whereas the reconditioned condensers segment is expected to hold a value of over US$ 300 Mn in 2017.
On the basis of cooling type, the hydrogen cooled segment leads the market with its market value expected to reach over US$ 560 Mn in 2027, growing at a CAGR of 5.9%.
In terms of reactive power rating, the above 200 MVAR segment is projected to be the most attractive with an estimated market value of around US$ 690 Mn in 2027, growing at a CAGR of 5.9%.
Based on end use, the electrical power utility segment holds a market value of over US$ 630 Mn and is way ahead of the industrial purpose segment.
On the basis of starting method, the static frequency converters segment dominates the global market with its market value expected to reach over US$ 912 Mn in 2027, registering a CAGR of 5.8% during the forecast period.
Request for Table of Contents @ https://www.futuremarketinsights.com/askus/rep-gb-4239
On the basis of region, North America leads the market with an expected market value of around US$ 190 Mn in 2017. However, Western Europe leads in terms of CAGR, with a growth rate of 6.5% during 2017-2027.
Global Synchronous Condensers Market: Competitive Analysis
An important section of the report covers the competitive scenario of the global synchronous condensers market. Some of the key players included in the report are ABB Ltd., General Electric Company, Toshiba Corporation, WEG, Siemens AG, Power Systems & Controls, Inc., Sustainable Power Systems Inc., Electromechanical Engineering Associates, Inc. etc.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.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 Condensers Market to Reach Over US$ 1,200 Mn by the end of 2027 here
News-ID: 889159 • Views: …
More Releases from Future Market Insights
Electronic Tongue Market will grow USD 774.2 million by 2035, at a 4.5% CAGR, fu …
The global electronic tongue market is advancing rapidly, poised to reach USD 497.9 million in 2025 and climb to USD 774.2 million by 2035, growing at a promising 4.5% CAGR. The increasing demand for precision diagnostics, pharmaceutical quality control, and personalized medicine is driving this technological surge, positioning the electronic tongue as a futuristic, non-invasive diagnostic instrument in healthcare and pharmaceuticals.
Electronic tongues, by design, mimic human sensory functions through an…
ESD Tapes and Labels market will expand USD 4,253.3 million by 2035, growing at …
The global market for ESD (electrostatic discharge) tapes and labels is entering a new decade of expansion driven by technological innovation, the rise of miniaturized electronics, and heightened quality standards in manufacturing. Valued at USD 2,738.8 million in 2025, the market is expected to reach USD 4,253.3 million by 2035, expanding at a steady 4.5% CAGR. This reflects a world increasingly dependent on efficient anti-static solutions that ensure the protection…
Catalase Market will rise USD 575.9 million by 2035 at 3.1% CAGR, driven by sust …
The global market for catalase is preparing for steady long-term expansion, driven by green chemistry, renewable sourcing, and biotechnology-driven production upgrades. Projected to reach USD 424.5 million in 2025 and USD 575.9 million by 2035, the industry's 3.1% CAGR reflects its broadening influence across critical sectors including food and beverages, pharmaceuticals, textiles, and personal care. With growing concerns about sustainability, efficiency, and safety, catalase is emerging as a vital biocatalyst…
Quillaia Extract market is set to reach USD 1,826.9M by 2035 at 5.8% CAGR fueled …
The global Quillaia extract market is entering a period of unprecedented growth, reflecting the world's shift toward natural, functional, and nutrient-rich ingredients. Projected to increase from USD 1,039.6 million in 2025 to USD 1,826.9 million by 2035 at a robust 5.8% CAGR, the industry's future is shaped by consumer demand for healthier, eco-friendly products and manufacturers' determination to stay ahead through innovation, expansion, and diversification.
Over the past few years, Quillaia…
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)…
