Synchronous Condenser Market - 2021 Industry Trends and Demands Research Report
Synchronous Condenser Market Categories the Global Market by Starting Method (Pony Motor, Static Frequency Converter), Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, & Above 200 MVAr), Cooling Type (Hydrogen, Air, and Water), Type, End User, & by R
(EMAILWIRE.COM, September 06, 2018 ) The synchronous condensers market is expected to grow at a CAGR of 2.1% from 2016 to 2021, to reach a market size of USD 572.9 million by 2021. Increasing renewable power generation, long service life, and rising need for power factor correction are the major drivers of the synchronous condensers market.
Browse 71 market data tables and 47 figures spread through 134 pages and in-depth TOC on “Synchronous Condenser Market - Global Forecast to 2021" <||>rnhttps://www.marketsandmarkets.com/Market-Reports/synchronous-condenser-market-189197147.html
The synchronous condensers market is dominated by a few global players that have an extensive regional presence and are established brand names. Leading players in the synchronous condensers industry 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), and Hyundai Ideal Electric Co. (U.S.) among others.
Synchronous condensers are projected to experience high growth in the European region, especially in countries such as Italy, Denmark, and Germany. European countries are expected to witness high demand of power factor correction, for instance cos phi 0.92 to 0.95 in countries such as Germany, Spain, and France, with the rising share of renewable energy generation in the total power generation mix. Rising thrust on renewable power generation in Europe and other regions of the world is likely to spur demand for synchronous condensers during the forecast period.
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In terms of cooling type, the hydrogen-cooled synchronous condenser segment accounted for the major share of the market in 2015. This is attributed to the widespread adoption of large-sized synchronous condensers between 100 Mega Volt Amps (reactive) (MVAr) and 300 MVAr capacity. Hydrogen cooling is an efficient option for synchronous condensers of these capacities. In terms of starting method, static frequency converters are expected to be the largest and the fastest growing segment among all the segments. This is attributed to the associated benefits of using static frequency converter for synchronous condensers, especially when they are connected in series, along with single multi-unit startup compatibility and enhanced control. Electrical utilities are expected to be the largest end-users of synchronous condensers followed by industries.
Synchronous condensers rated above 200 MVAr is expected to be the most preferred segment by reactive power capacity. It is estimated to grow at the highest rate in Europe as majority of investments for new installations, refurbishment of old condensers and conversion of aging power plants to synchronous condensers are being planned in this region.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Browse 71 market data tables and 47 figures spread through 134 pages and in-depth TOC on “Synchronous Condenser Market - Global Forecast to 2021" <||>rnhttps://www.marketsandmarkets.com/Market-Reports/synchronous-condenser-market-189197147.html
The synchronous condensers market is dominated by a few global players that have an extensive regional presence and are established brand names. Leading players in the synchronous condensers industry 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), and Hyundai Ideal Electric Co. (U.S.) among others.
Synchronous condensers are projected to experience high growth in the European region, especially in countries such as Italy, Denmark, and Germany. European countries are expected to witness high demand of power factor correction, for instance cos phi 0.92 to 0.95 in countries such as Germany, Spain, and France, with the rising share of renewable energy generation in the total power generation mix. Rising thrust on renewable power generation in Europe and other regions of the world is likely to spur demand for synchronous condensers during the forecast period.
Download PDF Brochure @ <||>rnhttps://www.marketsandmarkets.com/pdfdownload.asp?id=189197147
In terms of cooling type, the hydrogen-cooled synchronous condenser segment accounted for the major share of the market in 2015. This is attributed to the widespread adoption of large-sized synchronous condensers between 100 Mega Volt Amps (reactive) (MVAr) and 300 MVAr capacity. Hydrogen cooling is an efficient option for synchronous condensers of these capacities. In terms of starting method, static frequency converters are expected to be the largest and the fastest growing segment among all the segments. This is attributed to the associated benefits of using static frequency converter for synchronous condensers, especially when they are connected in series, along with single multi-unit startup compatibility and enhanced control. Electrical utilities are expected to be the largest end-users of synchronous condensers followed by industries.
Synchronous condensers rated above 200 MVAr is expected to be the most preferred segment by reactive power capacity. It is estimated to grow at the highest rate in Europe as majority of investments for new installations, refurbishment of old condensers and conversion of aging power plants to synchronous condensers are being planned in this region.
Request for Sample Copy @ <||>rnhttps://www.marketsandmarkets.com/requestsample.asp?id=189197147
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results