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Synchronous Condenser Market In-Depth Analysis and Forecast 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 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.

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

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.

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.

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.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/synchronous-condenser-market

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.

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Synchronous Condenser Market Predicted to Accelerate the Growth by 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 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.

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

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.

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.

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.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/synchronous-condenser-market

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.

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Global Synchronous Condenser Market By Manufacturers, Types, Regions and Application and Forecast to 2027 by Reportspedia

Global Synchronous Condenser Market Report presents detailed anaysis of Synchronous Condenser industry on the basis of the regions by growth, product types and applications, over the forecast period (2019-2027) of the Synchronous Condenser market. It analyzes every major facet of the global Synchronous Condenser by specifications of the product, restraints, challenges, and growth opportunities. Company profiles of the major leading player with Synchronous Condenser investment forecast, latest technology trends, and future forecast. The detailed knowledge of the Synchronous Condenser market on a international scale on the basis of current and future size(revenue) and Synchronous Condenser market forecast plot in the form of list of graphs and tables, pie-charts to help aspirants and leading Synchronous Condenser market players in making important and growth decisions.

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The Global Synchronous Condenser market report comprises various key manufacturers, application analysis and type analysis:

List Of Key Players

ABB
Voith
Sustainable Power Systems
Toshiba
Electromechanical Engineering Associates
Fuji Electric
Eaton
WEG
Siemens
Hyundai Ideal Electric
General Electric

Synchronous Condenser Market Segmentation: By Types

New
Refurbished

Synchronous Condenser Market Segmentation: By Applications

Electrical utilities
Industries

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The research mainly covers Synchronous Condenser market in North America (United States, Canada and Mexico), Synchronous Condenser Europe industry (Germany, France, UK, Russia and Italy), Asia-Pacific (Southeast Asia, China, Korea, India and Japan), Synchronous Condenser South America industry (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). The Synchronous Condenser report also performs SWOT (Strengths, Weaknesses, Opportunities, and Threats) with XX CAGR values, and XX USD of past(2014-2018) and Synchronous Condenser forecast(2020-2026) on the basis of growth and market condition following with the size of Synchronous Condenser market.

Later, the report also delivers different segments on basis of Synchronous Condenser product category, plentiful applications of the product and key revenue regions which highly contribute to the Synchronous Condenser market share. The research scrutinizes new growth opportunities, carried out with in-depth analysis of the Synchronous Condenser market on the basis of development, and data analysis accounting every aspect of Synchronous Condenser market. Global Synchronous Condenser industry interprets the fundamental aspects of the commanding market players with their business summary, Synchronous Condenser market sales, press release, evolution taking place in the market.

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Objective:

– The research influences different features, of the Synchronous Condenser market. Moreover, it executes the persistent and in-depth study in order to extract global facts and features of Synchronous Condenser market. It analyzes the Synchronous Condenser past and current data and strategizes future Synchronous Condenser market trends. It elaborates the Synchronous Condenser market supply-chain scenario with respect to volume.

– It briefs introduction of Synchronous Condenser market business overview, revenue deciding factors and Synchronous Condenser benefits. The research findings mentioned in the Synchronous Condenser report helps Up-stream and Down-stream analysis to measure accomplishment in Synchronous Condenser industry and expansion to take vital decisions in future.

Global Synchronous Condenser Market Short Description Of TOC

chapter 1 Global Synchronous Condenser Market Industry Overview(Synchronous Condenser Industry, Market Segment, Cost Analysis), upstream and downstream market segmentation, and the cost analysis
chapter 2 Global Synchronous Condenser Market Industry Environment(Policy, Economics…)
chapter 3 Global Synchronous Condenser Market By Type(Segment Overview, Market Size, Market Forecast)
chapter 4 Global Synchronous Condenser Market Top Key Vendors
chapter 5, 6 Global Synchronous Condenser Market Competition (Company Competition) and Synchronous Condenser Market Demand Forecast
chapter 7 Global Synchronous Condenser Market Key Analysis of Output, Market and Forecast by Regionwise i.e Europe,South America etc..
chapter 8 Global Synchronous Condenser Market Trend Analysis, Regional Market Trend, Market Trend by Product, Market Trend by Application ;
chapter 9 The Consumers Analysis of Synchronous Condenser Market(Sales Revenue, Price, Gross Margin)
chapter 10 Global Synchronous Condenser Market Research Findings and Conclusion, Appendix, methodology and data source;

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