Synchronous Condenser Market Scope And Analysis

  • Report Code : TIPRE00006516
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Synchronous Condenser Market Analysis, Scope, and Growth by 2031

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Synchronous Condenser Market Report Synchronous Condenser Market Size and Share Synchronous Condenser Market Scope and Analysis

Synchronous Condenser Market Report Scope

Report Attribute Details
Market size in 2023 US$ 680 million
Market Size by 2031 US$ 939.03 million
Global CAGR (2023 - 2031) 4.1 %
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Cooling Type
  • Air-Cooled
  • Hydrogen-Cooled
  • Water-Cooled
By Reactive Power Rating
  • Up to 100 MVAr
  • 100–200 MVAr
  • Above 200 MVAr
By Starting Method
  • Pony Motor
  • Static Frequency Converter
By Application
  • Metal and Mining
  • Electrical Utilities and Grid Operators
  • Marine
  • Oil and Gas
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • ABB Ltd
  • BRUSH Group
  • Eaton Corporation PLC
  • Fuji Electric Co Ltd
  • General Electric
  • Hyundai Idela Electric Co
  • Mitsubishi Electric Corporation
  • Siemens AG
  • Voith GmBH
  • WEG Electric corp

    • Synchronous Condenser Market News and Recent Developments

    The synchronous condenser market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:

    • In November 2023, at Ireland's Shannon Bridge B, Siemens unveiled a hybrid grid stabilization system. This novel device combines a 160 MWh battery with a flywheel-equipped synchronous condenser. This is the first time these two technologies have been combined to provide a single, cohesive grid connection solution. Improving grid stability and optimizing the use of renewable energy sources are the main goals. Siemens hopes to successfully handle grid difficulties and expedite the shift towards a more sustainable energy infrastructure by utilizing this cutting-edge hybrid solution. (Source: Siemens, Press Release)
    • In November 2023, General Electric announced that EDF SEI chose a consortium made up of GE Vernova's Power Conversion division and Eiffage Énergie Systèmes (consortium manager) to provide and construct a turnkey synchronous condenser system at the EDF. (Source: General Electric, Press Release)

    Synchronous Condenser Market Report Coverage and Deliverables

    The “Synchronous Condenser Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles