According to a new market research report published by Market Research Future Synchronous Condenser Market Analysis From 2019 to 2024 by Cooling Type (Hydrogen, Air and Water), reactive Power Rating (Up to 100 MVAr, Between 100MVAr- 200 MVAr and Above 200 MVAr), Type (New and Refurbished), Starting Method (Static Frequency Converter, Pony Motor and others), End-Use (Electric Utilities and Industries) and Region, the global Synchronous Condenser Market accounted to hit the notable market value in 2024 and expected to witness 2% CAGR across the forecast period through 2019 to 2024. Report provides comprehensive information on Global Synchronous Condenser Market key players, share, Sales, revenue, industry size in terms of volume.
Key Companies Covered:
General Electric (U.S.), Siemens AG (Germany), Eaton Co. Plc. (Ireland), Voith GmbH (Germany), ABB Ltd. (Switzerland), Toshiba Corporation (Japan), Hyundai Ideal Electric Co. (U.S.), WEG Industries (Brazil), Electro Mechanical Engineering Associates (USA), Fuji Electric Co., Ltd. (Japan), Sustainable Power Systems LLC. (USA), Power Systems and Control (USA) among others.
Free Sample Copy of Synchronous Condenser Market Research Report Global Forecast to 2024 available at: https://www.marketresearchfuture.com/sample_request/3169
Synchronous Condenser Industry Insight:
Synchronous condenser is a synchronous motor running without a mechanical load. Its purpose is to adjust conditions in the electric power transmission grid. 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.
The report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segments, share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
The global synchronous condenser market is expected to grow substantially during the forecast period, primarily due to factors such as the increased demand in the utilities sector and the growing applications of synchronous condensers in the renewable energy industry. Furthermore, the surging demand for large scale utilities is further projected to motivate the synchronous condenser market in the coming period.
Synchronous Condenser Market Segment Analysis:
The global synchronous condenser market is segmented based on cooling type, reactive power rating, type, starting method, end-use, and region.
By Cooling Type:
Hydrogen
Air
Water
By Reactive Power Rating:
Up to 100 MVAr
Between 100MVAr – 200 MVAr
Above 200 MVAr
By Type:
New
Refurbished
By Starting Method:
Static Frequency Converter
Pony Motor
Others
By End Use:
Electric Utilities
Industries
Regional Outlook:
The global Synchronous Condenser Market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The North American region in the synchronous condensers market is expected to develop at the speediest rate throughout the forecast period.
Asia-Pacific is estimated to hold a major market share during the forecast period, owing to the increase in energy demand due to the growing population providing a huge market potential for the growth of synchronous condenser in the region. Asia-Pacific dominates the global synchronous condenser market in terms of share.
The European region trails the North American region. The demand for synchronous condensers in the European region is primarily motivated by the increasing HVDC network in the region.
List of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MACRO INDICATORS INFLUENCING THE GLOBAL SYNCHRONOUS CONDENSER MARKET FOR TOP FIVE COUNTRIES
TABLE 4 IMPORT ANALYSIS OF SYNCHRONOUS CONDENSER, 2013-2017 (UNITS)
TABLE 5 EXPORT ANALYSIS OF SYNCHRONOUS CONDENSER, 2013-2017 (UNITS)
TABLE 6 PROPORTION OF MANUFACTURING COST STRUCTURE
TABLE 7 LABOR COST ANALYSIS
Continued…
List of Figures:
FIGURE 1 GLOBAL SYNCHRONOUS CONDENSER MARKET: MARKET STRUCTURE 17
FIGURE 2 RESEARCH PROCESS OF MRFR 20
FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 23
FIGURE 4 DROC ANALYSIS OF GLOBAL SYNCHRONOUS CONDENSER MARKET 25
FIGURE 5 DRIVERS IMPACT ANALYSIS: GLOBAL SYNCHRONOUS CONDENSER MARKET 27
FIGURE 6 RESTRAINTS IMPACT ANALYSIS: GLOBAL SYNCHRONOUS CONDENSER MARKET 28
FIGURE 7 SUPPLY CHAIN: GLOBAL SYNCHRONOUS CONDENSER MARKET 31
FIGURE 8 PORTERS FIVE FORCES MODEL: GLOBAL SYNCHRONOUS CONDENSER MARKET 32
FIGURE 9 MARKETING CHANNEL OF SYNCHRONOUS CONDENSER 40
Continued…
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