Global Synchronous Condenser Market Overview:
A synchronous condenser is a mechanical device, which is indistinguishable from a synchronous motor. Its motivation is to change conditions on the electric power transmission grid. The condenser's installation and operation are identical from enormous electric motors. Synchronous Condenser Controller (SCC) enables a sustainable power source half breed framework to perform at appropriate voltage when the reinforcement generator is get turned off or is worked close to the solidarity control factor when paralleled with a generator. An advanced voltage controller alters the DC field current of the synchronous generator to control the terminal voltage. While working in parallel with the reinforcement generator the alteration of the DC field current controls receptive power on the lines, amplifying the measure of work that should be possible with the power delivered. Some of the key players profiled in the study are Siemens (Germany), GE (United States), Eaton (Ireland), ABB (Switzerland), Voith (Germany), WEG (Brazil), Fuji Electric (Japan), BRUSH Group (United Kingdom), Mitsubishi Electric (Japan) and Sustainable Power Systems, Inc. (United States).
On the basis of geography, the market of Synchronous Condenser has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Reactive Power Rating, the sub-segment i.e. Up to 100 MVAr will boost the Synchronous Condenser market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Starting Method, the sub-segment i.e. Static Frequency Converter will boost the Synchronous Condenser market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cooling , the sub-segment i.e. Hydrogen will boost the Synchronous Condenser market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Renewable Power Generation
- Rising Need for Power Factor Correction
- Rising Demand of Hydrogen-Cooled Synchronous Condensers
- Huge Maintenance and Equipment Cost
- Rising High Voltage Direct Current Network
- High Number of Low-Cost Substitutes
The global synchronous condenser market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Synchronous Condenser Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Synchronous Condenser market on the basis of product  , application [HVDC, Wind/Solar, Synchronous Condenser Upgrades, Wind/Solar, Grid Code Compliance and Grid Support], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Synchronous Condenser market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Synchronous Condenser industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Synchronous Condenser market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.