Synchronous Condenser Market Growth Rate, Industry Trends and Forecast to 2023

Synchronous Condenser Market Research Report- Forecast to 2023

Synchronous Condenser Market Growth Rate, Industry Trends and Forecast to 2023

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Copyright Š 2018 Market Research Future.

Synchronous Condenser Market Research Report- Forecast to 2023

1 Summary Increase in electric power consumption and growing need to increase transmission capacity are becoming important in current market. Also, increase in renewable power generation, retiring conventional 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.

Top Key Players: The key players of Synchronous Condensers 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 and Control (USA) among others.

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Copyright Š 2018 Market Research Future.

Synchronous Condenser Market Research Report- Forecast to 2023

Study Objectives of Synchronous Condenser Market

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To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global synchronous condenser market.

To provide insights about factors affecting the market growth To analyze the global synchronous condenser market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis To provide historical and forecast revenue of the market segments and subsegments with respect to regions and their respective key countries To provide country level analysis of the market with respect to the current market size and future prospective To provide country level analysis of the market for segments by material type, product, application and region To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the synchronous condenser market.

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Copyright © 2018 Market Research Future.

Synchronous Condenser Market Research Report- Forecast to 2023

2 Market Research Analysis The global Synchronous Condenser Market begins with the tendering for HVDC network and substations. The tender is then scrutinized by the contractors/manufacturers for new units or replacement of conventional power plants. The delivering services, in addition, accommodate a new synchronous condenser units, ancillary components for renovation or alteration. Further step is installation of new units or alteration to synchronous condenser mode. Repair and maintenance is the following step which includes scheduled maintenance, repairs, renovations and alterations.

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.

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Copyright Š 2018 Market Research Future.

Synchronous Condenser Market Research Report- Forecast to 2023

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Copyright Š 2018 Market Research Future.