In electrical engineering, a synchronous condenser (sometimes called a synchronous capacitor or synchronous compensator) is a device, identical to a synchronous motor, whose shaft is not connected to anything but spins freely.
Synchronous condenser industry has high technology barrier and is technology intensive industry. Currently, there are several producing companies in the world synchronous condenser industry. The main market players are Siemens, GE, Eaton, ABB, Voith and WEG. The production of synchronous condenser will increase to 262 M Var in 2017 from 180 M Var in 2012 with average growth rate of 27.55%.
North America and Europe are the main production regions and consumption regions. The synchronous condenser is mainly applied in long distance power transmission of large-scale power plants.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents increasing trend according to the economy development status and international competition. Also, there is fluctuation in gross margin.


The Global Synchronous Condenser Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Synchronous Condenser Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Siemens
GE
Eaton
ABB
Voith
WEG
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

200 M Var
In Market segmentation by applications :

Wind Power
Hydropower
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Synchronous Condenser Market for the forecast period 2023 - 2030?
• What are the driving forces in the Synchronous Condenser Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Synchronous Condenser industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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