According to “Synchronous Condenser Market Analysis 2019” report published by Market Research Future, The Global Synchronous Condenser Market to rise at 2% CAGR during 2019 to 2023. Report provides depth analysis of Synchronous Condenser Market by Size, Share, Revenue, Opportunity, Investment forecast to 2023. Synchronous Condenser Industry is segmented based on cooling type, reactive power rating, product type, starting method, and end-user and region.
Major Synchronous Condenser Companies covered in the market report include 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), Electromechanical Engineering Associates (USA), Power Systems, and Control (USA).
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Global Market Highlights:
The rise in electric power consumption globally is a primary factor that is contributing to the progress of the synchronous condenser market. Reports that appraise the energy and power industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is anticipated to surge ahead with a 2% CAGR in the forecast period.
Factors contributing to the budding synchronous condenser market growth include a rise in the consumption of electric power and a growing need to increase transmission capacity. Also, a rapid increase in the use of renewable resources as opposed to conventional resources in the power generation mix is estimated to push the synchronous condenser market. Furthermore, the surging demand for large scale utilities is further projected to motivate the synchronous condenser market in the coming period.
The rise in the flow of international transactions between nations is further inspiring the progress of the market. The synergies being created between supply and demand forces in the market is expected to induce further growth of the market. The fluctuations in the currency are expected to stabilize and thus create a favorable impact on the market.
Synchronous Condenser Industry Segments:
The global synchronous condenser market is segmented based on cooling type, reactive power rating, product type, starting method, and end-user in the latest MRFR report.
Based on reactive power rating, the synchronous condensers market is segmented into, between 100-200 MVAr, up to 100 MVAr & above 200 MVAr.
Based on the type of cooling, the market for synchronous condensers is segmented into air, hydrogen, and water.
On the basis of starting method, the synchronous condenser market is segmented into static frequency converter and pony motor.
Based on end-user, the market is segmented into electrical utilities and industries. The electrical utilities segment is likely to lead the synchronous condensers market and is estimated to grow at the quickest pace during the assessment period. By product type, the synchronous condenser market is segmented into new and refurbished.
Regional Analysis:
The regional study of the synchronous condensers market includes region such as North America, Europe, Asia-Pacific, and Rest of World.
North America is estimated to register chief growth during the assessment period. Gradual termination of conventional thermal plants is one of the factors fueling market growth in North America.
Additionally, a growing renewable power generation is also likely to drive the synchronous condenser market significantly. Europe is anticipated to garner the second largest share in the synchronous condenser market, owing to a mounting requirement for synchronous condensers due to a growing HVDC network in the region.
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TABLE OF CONTENTS:
1 Introduction
1.1 Definition
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Propulsionology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porters Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitors
4.1.4 Threat Of New Entrants
5 V2X, By Communication Type
5.1 Introduction
5.1.1 V2C
Continued…
LIST OF TABLES:
Table 1 Synchronous Condenser Global Market: By Region, 2018-2023
Table 2 Synchronous Condenser North America Market: By Country, 2018-2023
Table 3 Synchronous Condenser Europe Market: By Country, 2018-2023
Table 4 Synchronous Condenser Asia-Pacific Market: By Country, 2018-2023
Continue…
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porters Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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