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Synchronous Condenser Market: Technological Improvements Steering Growth During 2019-2025

Global Synchronous Condenser Market Report 2019 – Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Synchronous Condenser industry.

The report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.

There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.

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For competitor segment, the report includes global key players of Synchronous Condenser as well as some small players.

Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Synchronous Condenser market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Synchronous Condenser market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Synchronous Condenser market.
The following manufacturers are covered in this report:
Siemens
GE
Voith
WEG
Ansaldo Energia
Shanghai Electric
Dongfang Electric
Harbin Electric
Synchronous Condenser Breakdown Data by Type
<100 M Var
100-200 M Var
>200 M Var
Synchronous Condenser Breakdown Data by Application
Transmission System Strength
HVDC Link Support
New Energy
Others

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Important Key questions answered in Synchronous Condenser market report:

What will the market growth rate, Overview, and Analysis by Type of Synchronous Condenser in 2024?

What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Synchronous Condenser market?

What is Dynamics, This Overview Includes Analysis of Scope and price analysis of top Manufacturers Profiles?

Who Are Opportunities, Risk and Driving Force of Synchronous Condenser market? Knows Upstream Raw Materials Sourcing and Downstream Buyers.

Who are the key manufacturers in space? Business Overview by Type, Applications, Gross Margin, and Market Share

What are the opportunities and threats faced by manufacturers in the global market?

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The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Synchronous Condenser product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Synchronous Condenser , with price, sales, revenue and global market share of Synchronous Condenser in 2019 and 2015.

Chapter 3, the Synchronous Condenser competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Synchronous Condenser breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2019 to 2025.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2019 to 2025.

Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2019 to 2025.

Chapter 12, Synchronous Condenser market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025.

Chapter 13, 14 and 15, to describe Synchronous Condenser sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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Synchronous Condenser Market Key Companies and Analysis Top Trends by 2025

Global Synchronous Condenser Market: Overview

A synchronous condenser, which is also known as synchronous compensator or synchronous capacitor is a device similar to a synchronous motor. It is designed such that its shafts spin freely. Its primary function does not include conversion of electric energy to mechanical energy or vice versa, but to regulate conditions on the electric power transmission grid. The field in synchronous condenser is controlled by a voltage regulator, which either absorbs or generates reactive power as required to adjust the voltage of the grid, or to enhance power factor. Its installation and operation are same as that of large electric motors and generators.

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Global Synchronous Condenser Market: Key Trends

The growing reliance on renewable energy sources for power generation is stoking the growth of the global synchronous condenser market. The soaring need for power correction factor is also stimulating the growth of the market. An over-excited synchronous condenser has a leading power factor, rendering it useful for power factor correction of industrial loads. Moreover, the rising emphasis on long service life is boosting the demand for synchronous condensers.

On the flip side, the high costs of equipment and maintenance are impinging on the growth of the market. In addition, the availability of low-cost alternatives is exacerbating the problem, thereby hampering the growth of the market. However, the expanding high-voltage direct current (HVDC) network is likely to create lucrative opportunities for players in the market.

Global Synchronous Condenser Market: Market Potential

Over the past decade, there has been an impressive rise in the uptake of renewable energy sources for power generation. Governments worldwide and several organizations are paying high attention to cost effective solutions for renewable energy production. This, in turn, is working in favor of the growth of the global synchronous condenser market. Synchronous condenser manufacturers are benefiting from contracts for large power projects, leaving a massive impact on the market. For instance, in June 2015, Voith Hydro and its consortium partner received the contract from Manitoba Hydro for the Riel Synchronous Condenser. The project includes the design, supply, installation, and commissioning of four synchronous condensers rated 250 MVAR. These condensers will support Manitoba Hydro grid in reactive power and will be sealed to allow for hydrogen cooling.

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Global Synchronous Condenser Market: Regional Outlook

The key segments studied in the report on the basis of geography are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is expected to be a prominent destination for key players in the global market. Canada is witnessing a sharp rise in the demand for synchronous condensers, particularly new installations. In the U.S., the conversion of old power plants to synchronous condensers is driving the market. The operation of many thermal power plants is being shut down in the country to curtail pollution and encourage renewable power generation. This is also likely to create a staggering volume of demand for these condensers in the region. Asia Pacific is estimated to post a healthy CAGR during the forecast period, owing to the growing investments in the upgradation of existing power networks.

Global Synchronous Condenser Market: Competitive Landscape

Key players in the global synchronous condenser market are striving to win contracts for new installments and for the refurbishment of old power plants in order to expand their businesses. Agreements and product innovation are also commonly adopted strategies by market participants to stay relevant. Some of the prominent companies operating in the market are General Electric, Eaton Co. Plc., Siemens AG, Voith GmbH, ABB Ltd., Toshiba Corporation, Fuji Electric Co. Ltd., and Hyundai Ideal Electric Co.

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Synchronous Condenser Market ? Growing Trade Among Emerging Economies Opening New Opportunities (2020-2026)

DataIntelo offers a detailed report on Global Synchronous Condenser Market. The report is a comprehensive research study that provides the scope of Synchronous Condenser market size, industry growth opportunities and challenges, current market trends, potential players, and expected performance of the market in regions for the forecast period from 2020 to 2027. This report highlights key insights on the market focusing on the possible requirements of the clients and assisting them to make right decision about their business investment plans and strategies.

The Synchronous Condenser market report also covers an overview of the segments and sub-segmentations including the product types, applications, companies and regions. This report further includes the impact of COVID-19 on the market and explains dynamics of the market, future business impact, competition landscape of the companies, and the flow of the global supply and consumption. The report provides an in-depth analysis of the overall market structure of Synchronous Condenser and assesses the possible changes in the current as well as future competitive scenarios of the Synchronous Condenser market.

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The published report consists of a robust research methodology by relying on primary source including interviews of the company executives & representatives and accessing official documents, websites, and press release of the companies. DataIntelo is known for its data accuracy and granular market reports.

The report is prepared with a group of graphical representations, tables, and figures which displays a clear picture of the developments of the products and its market performance over the last few years. With this precise report, it can be easily understood the growth potential, revenue growth, product range, and pricing factors related to the Synchronous Condenser market. The report also covers the recent agreements including merger & acquisition, partnership or joint venture and latest developments of the manufacturers to sustain in the global competition of the Synchronous Condenser market.

Key companies that are covered in this report:

1 Siemens
2 GE
3 Eaton
4 ABB
5 Voith
6 WEG

*Note: Additional companies can be included on request

The report covers a detailed performance of some of the key players and analysis of major players in the industry, segments, application, and regions. Moreover, the report also considers the government’s policies in different regions which illustrates the key opportunities as well as challenges of the market in each region.

By Application:

1 Wind Power
2 Hydropower
3 Others

By Type:

1 <100 M Var
2 100-200 M Var
3 >200 M Var

As per the report, the Synchronous Condenser market is projected to reach a value of USDXX by the end of 2027 and grow at a CAGR of XX% through the forecast period (2020-2027). The report describes the current market trend of the Synchronous Condenser in regions, covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa by focusing the market performance by the key countries in the respective regions. According to the need of the clients, this report can be customized and available in a separate report for the specific region.

You can also go for a yearly subscription of all the updates on Synchronous Condenser market.

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The following is the TOC of the report:

Executive Summary

Assumptions and Acronyms Used

Research Methodology

Synchronous Condenser Market Overview

Synchronous Condenser Supply Chain Analysis

Synchronous Condenser Pricing Analysis

Global Synchronous Condenser Market Analysis and Forecast by Type

Global Synchronous Condenser Market Analysis and Forecast by Application

Global Synchronous Condenser Market Analysis and Forecast by Sales Channel

Global Synchronous Condenser Market Analysis and Forecast by Region

North America Synchronous Condenser Market Analysis and Forecast

Latin America Synchronous Condenser Market Analysis and Forecast

Europe Synchronous Condenser Market Analysis and Forecast

Asia Pacific Synchronous Condenser Market Analysis and Forecast

Middle East & Africa Synchronous Condenser Market Analysis and Forecast

Competition Landscape

Why you should buy this report?

This report offers a concise analysis of the Synchronous Condenser market for the last 5 years with historical data & more accurate prediction for upcoming 6 years on the basis of statistical information.

This report helps you to understand the market components by offering a cohesive framework of the key players and their competition dynamics as well as strategies.

The report is a complete guideline for the clients to arrive an informed business decision since it consists of a detailed information for better understandings of the current & future market situation.

The report also answers some of the key questions given below:

Which end-user is likely to play a crucial role in the development of the Synchronous Condenser market?

Which regional market is expected to dominate the Synchronous Condenser market in 2020-2027?

How is consumer consumption behavior impacting the business operations of market players in the current scenario of the Synchronous Condenser market?

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About DataIntelo:

We possess expertise in a variety of business intelligence domains. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

We invest in our analysts to ensure that we have a full roster of experience and expertise in any field we cover. Our team members are selected for stellar academic records, specializations in technical fields, and exceptional analytical and communication skills. We also provide ongoing training and knowledge sharing to keep our analysts tapped into industry best practices.

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Coronavirus/COVID-19 Impact On Synchronous Condenser Industry Market 2020 | Industry Demand | Trends |Forecast 2026

Global Synchronous Condenser Market Size, Growth, Share, and Trends Synchronous Condenser Market Is Expected to Reach USD XXX Million By 2026

The Market Research Store has published the report on the Global Synchronous Condenser Market. The report offers to provide the clients the latest insights about the Synchronous Condenser market. The key findings you will find in the report include market value and size, growth rate, consumption and production, pricings, gross margin, and other influential factors.

Some of the major industry players that are operating in the Synchronous Condenser market are Fuji Electric, Hyundai Ideal Electric, General Electric, Electromechanical Engineering Associates, Voith, Eaton, Siemens, Toshiba, ABB, WEG, Sustainable Power Systems. Along with these you will find detailed information about all the suppliers, distributors, and retailers of the Synchronous Condenser market in the report. The competitive landscape of all the industry players are mentioned in-detail within the report. The market players have strategically changed their business plans owing to the outbreak of the pandemic.

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Through month of analysis research analysts have projected that the Synchronous Condenser market reached USD XX Million in 2019 and it is anticipated that the market demand will reach USD XXX Million by 2026. The expected CAGR during the forecast period 2020 to 2026 is XX%. The rising technological advancements in the Synchronous Condenser market and the increasing investments in the research and development activities are augmenting the market growth.
Outbreak of the pandemic has lead to several market issues around the world. It has lead to economic crisis in various regions along with loss of employment.

The questions that are answered in the report:

•    What are the top opportunities and trends that are currently ruling the market?
•    What are the drivers that are shaping the Synchronous Condenser market?
•    What are the opportunities and challenges for the Synchronous Condenser market created by the outbreak of the COVID-19?
•    What are the segments of the Synchronous Condenser market that are included in the report?
•    What are the regional developments prominent in the Synchronous Condenser market?

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Overall industries on the global platform are struggling to revive the markets. It has been observed that almost every market domain has been impacted through the pandemic.

Market Segmentation

The Synchronous Condenser market is segmented into {New, Refurbished}; {Electrical utilities, Industries}. The regional presence of the Synchronous Condenser market is showcased in five major regions North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The country-level analysis is also provided in the report.

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The major points that are covered:

Overview: In this section, definition of the global Synchronous Condenser Market is given along with the overview of the report in order to give a board outlook about the nature and contents of the research study.

Industry Players’ Strategies Analysis: The market players will be benefitted from this analysis as it will help to gain competitive advantage over their competitors.

Key Market Trends: In this section, in-depth analysis of the market’s latest and future trends is discussed.

Market Forecasts: The research analysts have provided accurate and validated values of the total market size in terms of value and volume. Other offerings in the report include consumption, production, sales, and other forecasts for the global Synchronous Condenser Market.

Regional Analysis: Major five regions and its countries have been covered in the global Synchronous Condenser market report. With the help of this analysis, market players will have estimates about the untapped regional markets and other benefits.

Segment Analysis: Accurate and reliable forecasts about the market share of the important segments of the Synchronous Condenser market is provided.

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Synchronous Condenser : Global Market Trends, Drivers, Restraints, Opportunities & Future Prospects (2020-2025)

The Global Synchronous Condenser Market 2020 Research Report investigates the industry thoroughly and offers a complete study on Synchronous Condenser volume, market Share, market Trends, Global Synchronous Condenser Growth aspects, wide range of applications, Utilization ratio, Supply and demand analysis, manufacturing capacity and Price trends and Forecast from 2020 to 2025

The Synchronous Condenser market report provides with a broad perspective of this business space and contains crucial insights such as current and predicted remuneration of the industry, in consort with its size and valuation over the estimated timeframe.

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The study assesses the key factors that are positively affecting the industry landscape based on revenue generated as well as market growth. Additionally, the document analyzes the current trends that define this market while evaluating the challenges & limitations as well as the growth factors of this domain.

Key aspects of Synchronous Condenser market report:

  • Growth rate
  • Current market trends
  • Competitive ranking analysis
  • Industry drivers
  • Impact of COVID-19 outbreak
  • Regional bifurcation
  • Market concentration ratio
  • Consumption growth rate

Regional analysis of Synchronous Condenser market:

Synchronous Condenser Market Segmentation:

  • Americas (United States, Canada, Mexico, Brazil)
  • APAC (China, Japan, Korea, Southeast Asia, India, Australia)
  • Europe (Germany, France, UK, Italy, Russia)
  • Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries)

 

Product types and application scope of Synchronous Condenser market:

Product landscape:

Product types:

  • 100 M Var
  • 100-200 M Var
  • >200 M Var

Key factors highlighted in the report:

  • Consumption rates of all product fragments.
  • Product sales.
  • Revenue predictions of all product types.
  • Market share accumulated by every product fragment.

Application Landscape:

Application segmentation:

  • Wind Power
  • Hydropower
  • Others

Details specified in the document:

  • Consumption graphs of all applications mentioned.
  • Market share of each application fragment.
  • Revenue every application is estimated to generate during the forecast duration.

Additional information enlisted in the document:

  • The report scrutinizes the factors that may negatively influence the revenue of the overall market.
  • Vital data regarding the factors which are predicted to impact the commercialization graph of the Synchronous Condenser market.

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Competitive arena of the Synchronous Condenser market:

Key players in the Synchronous Condenser market:

  • Siemens
  • GE
  • ABB
  • Voith
  • Eaton
  • WEG

Major aspects enlisted in the report:

  • Insights regarding the product sales.
  • Current and predicted market share as well as valuation of each company mentioned.
  • Sales & distribution scope of the market majors.

Report Objectives:

  • Examination of the global Synchronous Condenser market size by value and size.
  • To accurately calculate the market segments, consumption, and other dynamic factors of the various units of the market.
  • Determination of the key dynamics of the market.
  • To highpoint key trends in the market in terms of manufacturing, revenue and sales.
  • To summarize the top players of Global Synchronous Condenser industry and show how they compete in the industry.
  • Study of industry procedures and costs, product pricing and various developments associated
  • To showcase the performance of different regions and countries in the Global Synchronous Condenser market.

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Synchronous Condenser Market Movement-detailed Research Analysis 2020-2029

Synchronous Condenser Market 2018: Global Industry Insights by Global Players, Regional Segmentation, Growth, Applications, Major Drivers, Value and Foreseen till 2024

The recent published research report sheds light on critical aspects of the global Synchronous Condenser market such as vendor landscape, competitive strategies, market drivers and challenges along with the regional analysis. The report helps the readers to draw a suitable conclusion and clearly understand the current and future scenario and trends of global Synchronous Condenser market. The research study comes out as a compilation of useful guidelines for players to understand and define their strategies more efficiently in order to keep themselves ahead of their competitors. The report profiles leading companies of the global Synchronous Condenser market along with the emerging new ventures who are creating an impact on the global market with their latest innovations and technologies.

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The recent published study includes information on key segmentation of the global Synchronous Condenser market on the basis of type/product, application and geography (country/region). Each of the segments included in the report is studies in relations to different factors such as market size, market share, value, growth rate and other quantitate information.

The competitive analysis included in the global Synchronous Condenser market study allows their readers to understand the difference between players and how they are operating amounts themselves on global scale. The research study gives a deep insight on the current and future trends of the market along with the opportunities for the new players who are in process of entering global Synchronous Condenser market. Market dynamic analysis such as market drivers, market restraints are explained thoroughly in the most detailed and easiest possible manner. The companies can also find several recommendations improve their business on the global scale.

The readers of the Synchronous Condenser Market report can also extract several key insights such as market size of varies products and application along with their market share and growth rate. The report also includes information for next five years as forested data and past five years as historical data and the market share of the several key information.

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Global Synchronous Condenser Market by Companies:

The company profile section of the report offers great insights such as market revenue and market share of global Synchronous Condenser market. Key companies listed in the report are:

Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Synchronous Condenser market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Synchronous Condenser market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Synchronous Condenser market.
The following manufacturers are covered in this report:
Siemens
GE
Voith
WEG
Ansaldo Energia
Shanghai Electric
Dongfang Electric
Harbin Electric
Synchronous Condenser Breakdown Data by Type
<100 M Var
100-200 M Var
>200 M Var
Synchronous Condenser Breakdown Data by Application
Transmission System Strength
HVDC Link Support
New Energy
Others

Global Synchronous Condenser Market by Geography:

  • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  • North America (the United States, Mexico, and Canada.)
  • South America (Brazil etc.)
  • The Middle East and Africa (GCC Countries and Egypt.)

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Some of the Major Highlights of TOC covers in Synchronous Condenser Market Report: 

Chapter 1: Methodology & Scope of Synchronous Condenser Market 

  • Definition and forecast parameters
  • Methodology and forecast parameters
  • Data Sources 

Chapter 2: Executive Summary of Synchronous Condenser Market 

  • Business trends
  • Regional trends
  • Product trends
  • End-use trends 

Chapter 3: Synchronous Condenser Industry Insights 

  • Industry segmentation
  • Industry landscape
  • Vendor matrix
  • Technological and innovation landscape 

Chapter 4: Synchronous Condenser Market, By Region 

Chapter 5: Company Profile 

  • Business Overview
  • Financial Data
  • Product Landscape
  • Strategic Outlook
  • SWOT Analysis

And Continue…

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Analysis of Potential Impact of COVID-19 on Synchronous Condenser Market

Synchronous condensers are synchronous motors that are usually employed for power factor correction in power lines. Electrical circuits involving induction motors or inductive loads are usually encountered with lagging power factors, due to which the efficiency of the system goes down. Lagging power factors result in the loss of energy. Synchronous condensers are introduced in such circuits to cancel out the lagging power factor.  They feed the circuits with leading power factors. However, synchronous motors can be used to compensate leading and lagging power factors by supplying reactive power to the line. This helps in enhancing the voltage regulation of the line. Synchronous condensers also help in improving the efficiency of long power transmission lines. Furthermore, synchronous condensers help in avoiding short circuit conditions and transient fault conditions in power grids, due to their ability to absorb and produce reactive power. Other benefits of synchronous condensers include provision of sufficient short-circuit power and inertia, steady-state and dynamic voltage control, reactive power control of dynamic loads, which can be incorporated for stabilization of grids, line-commutated converters based high voltage DC transmission links, renewable power generation based transmission grids, and retirement/shut-down of thermal power plants. However, use of synchronous condenser has few disadvantages such as losses in the motor, high maintenance cost due to rotating component, noise, high cost at low power ratings compared to static capacitors method, and need of excitation equipment for starting the synchronous motors. This gives rise to the need for employment of substitute methods for power correction such as static capacitor method or phase advancer method.

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Based on the cooling method, the synchronous condenser market can be segmented into air cooled, water cooled, and hydrogen cooled. The hydrogen cooled segment dominates the market. This trend is anticipated to continue during the forecast period. This is primarily due to the better results of hydrogen cooled synchronous condensers in terms of cooling and losses, as the density of hydrogen is much lesser while thermal conductivity is much higher than that of air.

Based on reactive power rating, the synchronous condenser market can be segmented into up to 100 MVAr, 100-200MVAr, and above 200MVAr. The need for power factor correction is increasing due to the rising demand for reactive power for grid stabilization and voltage regulation. Moreover, the costs with synchronous condensers employed for low power ratings is high. Therefore, synchronous condensers with the rating above 200MVAr are highly preferred. The above 200 MVAr segment is likely to expand during the forecast period.

In terms of geography, the market can be segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the synchronous condenser market. The market in the region is anticipated to expand in the near future due to factors such as installation of new power plants in the U.S. and increasing use of synchronous condensers in the existing power plants in the country. Asia Pacific is also one of the major markets for synchronous condensers and is anticipated to expand at a descent pace, especially in the countries such as China.

Major players operating in the global market include Siemens AG, General Electric, Eaton Corporation Plc, ABB Ltd., Voith GmbH, Hyundai Ideal Electric Co., and WEG Electric Corp.

Companies are expanding their market share by adopting several marketing and merger & acquisition strategies. Companies are also shifting their manufacturing facilities to developing countries, such as China and India in Asia Pacific, to avail the easily available land, cheap labor, and government subsidies in the region.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

  • Market segments and sub-segments
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  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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News

Impact Of Outbreak Of Coronavirus (Covid-19) On Global Synchronous Condenser Market 2020 Growth Factors | Strategic Analysis | Increasing Demand With Top Key Players | Fuji Electric, Hyundai Ideal Electric, General Electric

Global Synchronous Condenser Market Forecast, Trend Analysis, Competition, and Industry Research Report Till 2026

The global Synchronous Condenser report serves the purpose of making the clients understand the Synchronous Condenser market in terms of market size, share, demand, segmentation, and market potential. The other determining factors that are incorporated in the report include drivers, restraints, opportunities, challenges, and other important factors. In-depth analysis was carried out by the research analysts while collecting and segregating data for the Synchronous Condenser market. Several primary and secondary resources were used for gathering data for the market. These data were then analyzed and corrected with the use of several market research tools and research methodologies. Thus, the final output that is represented in the report is highly reliable and accurate. For better understanding of this information, the data is represented in the report in the form of tables and graphical representations, such as pie charts, bar graphs, and other formats of diagrams.

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The data represented for the Synchronous Condenser market includes historical, current, and forecast prospects. The base year that is considered for the market is 2019 and the forecast data is till the end of 2026. The CAGR that is anticipated for the market is XX%.

The major segmentation of the Synchronous Condenser market includes {New, Refurbished}; {Electrical utilities, Industries}. In some of the cases the major segments are further categorized into sub-segments for deeper understanding of the market concepts. The geographical presence of the Synchronous Condenser market is considered in five major regions, such as Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. The regional information also includes country-wise data. Along with the information, the research analysts have also included their valuable information regarding the regional dominance and the regions that have untapped market opportunities.

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The report also includes the detailed information about the market players that are operating in the market. Some of the major industry players that are listed in the report include Fuji Electric, Hyundai Ideal Electric, General Electric, Electromechanical Engineering Associates, Voith, Eaton, Siemens, Toshiba, ABB, WEG, Sustainable Power Systems. All the manufacturers, distributors, and suppliers that are associated with the Synchronous Condenser market are all profiled in the report.

Findings in the Market Report

•    Synchronous Condenser Market from 2016 to 2019
•    Synchronous Condenser Market in 2020 (COVID-19 Impact)
•    Synchronous Condenser Market Analysis
•    Synchronous Condenser Market Demand
•    Synchronous Condenser Market Forecast
•    Synchronous Condenser Market Insights
•    Synchronous Condenser Market Price
•    Synchronous Condenser Market Production
•    Synchronous Condenser Market Share
•    Synchronous Condenser Market Supply
•    Trends in the Synchronous Condenser Market

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Answers to Important Questions that you will find: 

1. What is the growth potential of the global Synchronous Condenser market?
2. What are the top strategies observed among the industry players?
3. Which regional market anticipates securing the highest market share?
4. How will the competitive landscape change in future?
5. What do the new market entrants need to adapt to remain steady for the future competitive changes?
6. What will be the total production and consumption in the global Synchronous Condenser market by 2026?
7. Which key upcoming technologies can create wonders to the market? How will they impact the global Synchronous Condenser market?
8. What will be the market statistics and position between 2020 and 2026?

Categories
Analysis Forecast

Synchronous Condenser Market Analysis Geography Trends, Demand and Forecasts 2025

Global Synchronous Condenser Market: Overview

A synchronous condenser, which is also known as synchronous compensator or synchronous capacitor is a device similar to a synchronous motor. It is designed such that its shafts spin freely. Its primary function does not include conversion of electric energy to mechanical energy or vice versa, but to regulate conditions on the electric power transmission grid. The field in synchronous condenser is controlled by a voltage regulator, which either absorbs or generates reactive power as required to adjust the voltage of the grid, or to enhance power factor. Its installation and operation are same as that of large electric motors and generators.

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Global Synchronous Condenser Market: Key Trends

The growing reliance on renewable energy sources for power generation is stoking the growth of the global synchronous condenser market. The soaring need for power correction factor is also stimulating the growth of the market. An over-excited synchronous condenser has a leading power factor, rendering it useful for power factor correction of industrial loads. Moreover, the rising emphasis on long service life is boosting the demand for synchronous condensers.

On the flip side, the high costs of equipment and maintenance are impinging on the growth of the market. In addition, the availability of low-cost alternatives is exacerbating the problem, thereby hampering the growth of the market. However, the expanding high-voltage direct current (HVDC) network is likely to create lucrative opportunities for players in the market.

Global Synchronous Condenser Market: Market Potential

Over the past decade, there has been an impressive rise in the uptake of renewable energy sources for power generation. Governments worldwide and several organizations are paying high attention to cost effective solutions for renewable energy production. This, in turn, is working in favor of the growth of the global synchronous condenser market. Synchronous condenser manufacturers are benefiting from contracts for large power projects, leaving a massive impact on the market. For instance, in June 2015, Voith Hydro and its consortium partner received the contract from Manitoba Hydro for the Riel Synchronous Condenser. The project includes the design, supply, installation, and commissioning of four synchronous condensers rated 250 MVAR. These condensers will support Manitoba Hydro grid in reactive power and will be sealed to allow for hydrogen cooling.

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Global Synchronous Condenser Market: Regional Outlook

The key segments studied in the report on the basis of geography are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is expected to be a prominent destination for key players in the global market. Canada is witnessing a sharp rise in the demand for synchronous condensers, particularly new installations. In the U.S., the conversion of old power plants to synchronous condensers is driving the market. The operation of many thermal power plants is being shut down in the country to curtail pollution and encourage renewable power generation. This is also likely to create a staggering volume of demand for these condensers in the region. Asia Pacific is estimated to post a healthy CAGR during the forecast period, owing to the growing investments in the upgradation of existing power networks.

Global Synchronous Condenser Market: Competitive Landscape

Key players in the global synchronous condenser market are striving to win contracts for new installments and for the refurbishment of old power plants in order to expand their businesses. Agreements and product innovation are also commonly adopted strategies by market participants to stay relevant. Some of the prominent companies operating in the market are General Electric, Eaton Co. Plc., Siemens AG, Voith GmbH, ABB Ltd., Toshiba Corporation, Fuji Electric Co. Ltd., and Hyundai Ideal Electric Co.

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About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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Analysis Forecast Energy Market Price Analysis News

Global Synchronous Condenser Market Size |Incredible Possibilities and Growth Analysis and Forecast To 2026 | Siemens, GE, Eaton, ABB, Voith, WEG, etc

IndustryGrowthInsights (IGI) offers a detailed report on Global Synchronous Condenser Market. The report is a comprehensive research study that provides the scope of Synchronous Condenser market size, industry growth opportunities and challenges, current market trends, potential players, and expected performance of the market in regions for the forecast period from 2020 to 2026. This report highlights key insights on the market focusing on the possible requirements of the clients and assisting them to make right decision about their business investment plans and strategies.

The Synchronous Condenser market report also covers an overview of the segments and sub-segmentations including the product types, applications, companies and regions. This report further includes the impact of COVID-19 on the market and explains dynamics of the market, future business impact, competition landscape of the companies, and the flow of the global supply and consumption. The report provides an in-depth analysis of the overall market structure of Synchronous Condenser and assesses the possible changes in the current as well as future competitive scenarios of the Synchronous Condenser market.

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The published report consists of a robust research methodology by relying on primary source including interviews of the company executives & representatives and accessing official documents, websites, and press release of the companies. IndustryGrowthInsights (IGI) is known for its data accuracy and granular market reports.

The report is prepared with a group of graphical representations, tables, and figures which displays a clear picture of the developments of the products and its market performance over the last few years. With this precise report, it can be easily understood the growth potential, revenue growth, product range, and pricing factors related to the Synchronous Condenser market. The report also covers the recent agreements including merger & acquisition, partnership or joint venture and latest developments of the manufacturers to sustain in the global competition of the Synchronous Condenser market.

Key companies that are covered in this report:

Siemens
GE
Eaton
ABB
Voith
WEG

*Note: Additional companies can be included on request

The report covers a detailed performance of some of the key players and analysis of major players in the industry, segments, application, and regions. Moreover, the report also considers the government’s policies in different regions which illustrates the key opportunities as well as challenges of the market in each region.

By Application:

Wind Power
Hydropower
Others

By Type:

Below100 M Var
100-200 M Var
Above200 M Var

As per the report, the Synchronous Condenser market is projected to reach a value of USDXX by the end of 2026 and grow at a CAGR of XX% through the forecast period (2020-2026). The report describes the current market trend of the Synchronous Condenser in regions, covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa by focusing the market performance by the key countries in the respective regions. According to the need of the clients, this report can be customized and available in a separate report for the specific region.

You can also go for a yearly subscription of all the updates on Synchronous Condenser market.

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The following is the TOC of the report:

Executive Summary

Assumptions and Acronyms Used

Research Methodology

Synchronous Condenser Market Overview

Global Synchronous Condenser Market Analysis and Forecast by Type

Global Synchronous Condenser Market Analysis and Forecast by Application

Global Synchronous Condenser Market Analysis and Forecast by Sales Channel

Global Synchronous Condenser Market Analysis and Forecast by Region

North America Synchronous Condenser Market Analysis and Forecast

Latin America Synchronous Condenser Market Analysis and Forecast

Europe Synchronous Condenser Market Analysis and Forecast

Asia Pacific Synchronous Condenser Market Analysis and Forecast

Asia Pacific Synchronous Condenser Market Size and Volume Forecast by Application

Middle East & Africa Synchronous Condenser Market Analysis and Forecast

Competition Landscape

Why you should buy this report?

This report offers a concise analysis of the Synchronous Condenser market for the last 5 years with historical data & more accurate prediction for upcoming 6 years on the basis of statistical information.

This report helps you to understand the market components by offering a cohesive framework of the key players and their competition dynamics as well as strategies.

The report is a complete guideline for the clients to arrive an informed business decision since it consists of a detailed information for better understandings of the current & future market situation.

The report also answers some of the key questions given below:

Which end-user is likely to play a crucial role in the development of the Synchronous Condenser market?

Which regional market is expected to dominate the Synchronous Condenser market in 2020-2026?

How is consumer consumption behavior impacting the business operations of market players in the current scenario of the Synchronous Condenser market?

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About IndustryGrowthInsights (IGI):

We possess expertise in a variety of business intelligence domains. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

We invest in our analysts to ensure that we have a full roster of experience and expertise in any field we cover. Our team members are selected for stellar academic records, specializations in technical fields, and exceptional analytical and communication skills. We also provide ongoing training and knowledge sharing to keep our analysts tapped into industry best practices.

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