Synchronous Condenser Market Research by Cooling Type, by Type, by End User, by Region- Forecast to 2023
Oct 13, 2017
Synchronous Condenser Market by Cooling Type (Hydrogen, Air, and Water), Reactive Power Rating (Up to 100 MVAr, Between 100-200 MVAr, & Above 200 MVAr), Type (New, Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End User, Region and by Global Forecast to 2023
Pune, India - October 13, 2017 /MarketersMedia/ —
Market Highlights
Global Synchronous Condenser Market is predicted to grow at approximately 2% by 2023
Growth in electric power consumption and increasing need to widen transmission capacity are becoming critical in current market. Also, increase in renewable power generation, retiring old power plants, and increasing need of High-Voltage-Direct-Current (HVDC) has a substantial effect on stability of transmission grid. Synchronous condensers play a key role by generating leading and lagging reactive power resulting to stabilize the transmission grid. Its main advantages are short-circuit power capability, no harmonics are generated and provides inertia to the transmission grid. The key driving factors for this market is the large-scale demand by utilities for high-capacity synchronous condensers, also power generated from renewable sources is of fluctuating nature and needs power factor correction to maintain voltage stability and durability of synchronous condenser among others.
Market Research Analysis
Currently, the synchronous condensers market in North America is projected to grow at the fastest rate during the forecast period. Gradual termination of conventional thermal power plants and growing renewable power generation are driving the synchronous condensers market in the region. North America is followed by Europe. Requirement for synchronous condensers in Europe is mainly driven by growing HVDC network in the region.
Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/3169
Key Players
The key players of drill pipe market are
• Siemens AG (Germany),
• General Electric (U.S.),
• Eaton Co. Plc. (Ireland),
• ABB Ltd. (Switzerland),
• Voith GmbH (Germany),
• Fuji Electric Co., Ltd. (Japan),
• Toshiba Corporation (Japan),
• Hyundai Ideal Electric Co. (U.S.),
• Sustainable Power Systems LLC. (USA),
• WEG Industries (Brazil),
• Electro Mechanical Engineering Associates (USA),
• Power Systems
• Control (USA)
• others.
The growing electrical power consumption and rising need to maximize transmission capacity are becoming progressively important. Along with this, developing renewable-based power generation in the energy mix, retiring old power plants, and growing network of High-Voltage Direct Current (HVDC) has had a major effect on transmission grid stability. Synchronous condensers play a critical role by generating leading and lagging reactive power and helping to balance the transmission grid. It also offers considerable advantages over the other substitutes such as no harmonics, short-circuit power capability, and inertia to the transmission grid among others
Electric utilities are leading the end-users of synchronous condensers
Electric utilities have been historically the largest users of power factor correction equipment. Industries employ synchronous condensers only when the requirement for power factor correction is high and for the long distance power transmission. Metal and mining process industries have been the leading user of synchronous condensers but their share is low compared with electric utilities. Hence, the market for electric utilities will remain dominant and grow at a faster rate during the forecast period.
Detail of Report @ https://www.marketresearchfuture.com/reports/synchronous-condenser-market-3169
The report has been analyzed based on the cooling type, the hydrogen-cooled synchronous condenser segment is one of the largest segment and is expected to grow tremendously in forecasted period than other cooling methods used for cooling synchronous condensers. This growth is due to the endorsement and efficiency of large-sized synchronous condensers for reactive power rating of above 200 Mega Volt Amps (reactive) (MVAr) in all major regions across.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Magarpatta Road, Hadapsar,
Phone: 6468459349
For more information, please visit https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 250028
More News
Can I get AI face? Plastic surgeons say AI-generated inspiration is more than meets the eye
Some plastic surgeons in Canada and elsewhere say they're seeing more people coming in for consultations with AI-modified images of themselves, seeking cosmetic procedures that work that will mirror AI-generated outcomes that may not even be achievable.
Alcohol is Canada’s biggest drug problem. So why aren’t people getting help?
Research shows alcohol causes more harm overall than any other drug in Canada. Some doctors and other advocates say people struggling with alcohol aren’t getting treatment options that are backed by science.
Hong Kong art space Para Site to leave its Quarry Bay home of 11 years and go nomadic
After months of speculation, the independent, non-profit art institution Para Site – which celebrates its 30th anniversary this year – has formally announced its departure from Quarry Bay on Hong Kong Island, where it has been based for more than a decade. It will be adopting a fully nomadic model as a response to the evolving arts ecosystem, says its executive director, James Taylor-Foster, who joined Para Site in May. “When Para Site moved into Quarry Bay in 2015, it was a completely different...
The best of Britain's farmers' markets: From creamy Cornish cheeses to artisanal breads in Wales and Aberdeen Angus beef
Whether you're after an artisanal cheese, fresh herbs or honey from local bees, these are the best farmers' markets across Britain for enjoying the nation's top-tier fresh produce.
Ausprobiert: Zafiro Palace Antratx – exklusive Club Suiten und maßgeschneiderte Erlebnisse
Das 2021 eröffnete Resort an der Westküste Mallorcas ist das Flaggschiff der spanischen Hotelkette Zafiro und wird von den beiden Schwestern Antonia und María Plomer in zweiter Generation geleitet. Das erwartet Sie hier: The post Ausprobiert: Zafiro Palace Antratx – exklusive Club Suiten und maßgeschneiderte Erlebnisse appeared first on Business Traveller.
Caribbean Tourism Organization Marks World Tourism Day 2026
The Caribbean Tourism Organization (CTO) is marking World Tourism Day 2026 by calling for a Caribbean approach to technology that strengthens tourism while keeping people, communities and culture at the center. This year’s theme, “Digital Agenda and Artificial Intelligence to Redesign Tourism,” comes as technology continues to change the way people plan and book travel, discover destinations and share their experiences, as well as how tourism businesses and organizations operate. CTO’s World Tourism Day program on Monday, Sept. 28 is focused on helping the region translate those changes into practical benefits for the sector.
Saudi: One Destination, Endless Ways to Explore
The Saudi Tourism Authority (STA) and Wego, the number one travel app and largest online travel marketplace in the Middle East and North Africa (MENA), have partnered to launch a new destination campaign inviting travellers across the region to discover Saudi through its diverse destinations, rich culture and heritage, natural landscapes, entertainment and year-round experiences.
BON, the World’s First Luxury Theme Park, Opens Its Doors October 24
VidantaWorld’s Beauty of Nature (BON) Luxury Theme Park, the world’s first luxury theme park, opens its gates on October 24 as it begins its Soft Opening at VidantaWorld Vallarta–Nuevo Nayarit, available exclusively to VidantaWorld guests ahead of its public opening in April 2027. Representing an investment of approximately US$1.5 billion, BON sets out to redefine what a theme park can be: a destination where world-class thrills, immersive worlds, original storytelling, dining and hospitality come together through the lens of luxury, designed for every generation to share.
Annapolis Jazz & Roots Festival Offers Music, History and Culture November 6-15
Annapolis Jazz & Roots is launching its fifth festival on the scenic shores of the Chesapeake Bay. Enjoy music, art, poetry and history on two weekends, November 6-15. Based in the maritime community of Eastport, the festival includes eight venues in five neighborhoods. Each has its own distinct character and charm. Festival goers can visit centuries old buildings, take in restorative bay views and stroll the tree-lined streets of the historic Maryland city.
What is Japan’s Showa retro aesthetic, and why is it all the rage?
When Japan shut its borders during the Covid-19 pandemic, expats and long-time friends Hillary Hewins and Blake Piper started spending their weekends in Atami, a small seaside city just a 40-minute bullet train ride from their adopted home of Tokyo. Known during the 17th and 18th centuries for its soothing hot springs, Atami steadily surged in popularity during the four decades after World War II as a destination for Japanese holidaymakers. Sprawling concrete resorts opened, and the city centre...
Milan Fashion Week: Bottega Veneta, Dolce & Gabbana, Ferragamo and Tod’s round out the best of SS27
The last couple of days of a very happening Milan Fashion Week showcased the diversity of the Italian fashion industry, from the low-profile luxury embodied by Ferragamo and Tod’s – two labels known for their footwear and leather goods – to the Sicilian glamour of Dolce & Gabbana and Bottega Veneta’s celebration of textures. Louise Trotter’s third collection for Bottega Veneta felt like a breath of fresh air, which was probably how the designer envisioned the range from the start. In the show...
Can You Name The Latin American Country By The Flag?
Prove you're a flag aficionado! View Entire Post ›
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.