Gmi Research

  Synchronous Condenser Market The Synchronous Condenser Market is estimated to reach USD 497 million by the end of 2027, expanding at a CAGR of 2.2% over the forecast period (2020-2027). The factors driving the growth of Synchronous Condenser Market includes increasing investments in Power sector, growing emphasis on utilizing renewable sources of energy and rise in the installation of solar panels. According to the report published by Invest India, the Energy Sector in India attracted Foreign Direct Investment (FDI) inflows worth USD 15.84 billion during April 2000 and December 2021 and the electricity generation has increased by 10.7% in April 2022 as compared to previous year, which is expected to boost the Synchronous Condenser Market size in the approaching years. Moreover, the increasing application of synchronous condenser in HDVAC systems, technological developments in synchronous condensers and Government initiatives to reduce the dependence on coal and fossil fuels for...

  Global Synchronous Condenser Market by type and by region The GMI Research contemplates that the Synchronous Condenser Market will oversee an increasing demand over the forecast period. This is because of their aggravating endorsement of consumers by the electric utility industry, accelerating the number of novel installations and modification of existent power plants. Request a free sample of this report Introduction of the Synchronous Condenser Market As per the Synchronous Condenser Market Forecast , synchronous Condenser or Compensator is a motor operating without mechanical load. It assimilates reactive volt-ampere (VAr) by changing the agitation of its field winding. In addition, it has the potential to engender up to 150% extra vars and acts as a substitute to capacitor banks. Key Players of Market: ABB Ideal Electric WEG Siemens AG Ansaldo Energia Voith Group Fuji Electric Co., Ltd. General Electric Eaton Corporation Electromechanical Engineering Associat...