Synchronous Condenser Market is projected to reach USD 606 million by 2027 from an estimated USD 549 million in 2019, at a CAGR of 2%.
The growing demand for power factor correction and the increasing demand for renewable power generation are the main drivers of the synchronous capacitor market. Along with this, increasing renewable-based generation in the energy mix, scrapping existing power plants, and growing high voltage direct current (HVDC) networks have had a significant impact on grid stability.
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Key Players –
ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), Voith Group (Germany), Fuji Electric (Japan), WEG (Brazil), BRUSH Group (UK), and Mitsubishi Electric (Japan)
Synchronous Condenser Market By Type
- New
- Refurbished
Synchronous Condenser Market By Cooling Type
- Hydrogen-cooled
- Air-cooled
- Water-cooled
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Scope of the Report
The research study analyzes the global Synchronous Condenser industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Synchronous Condenser Market Report
1. What was the Synchronous Condenser Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Synchronous Condenser Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Synchronous Condenser Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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