Synchronous Condenser Market by Cooling Type (Hydrogen, Air, and Water), Reactive Power Rating (Up to 100 MVAr, Between 100-200 MVAr, & Above 200 MVAr), Type (New, Refurbished), Starting Method (Static Frequency Converter, Pony Motor, Others), End User (Electrical Utilities, Industries), Region (North America, Europe, Asia-Pacific and Rest of World) and by Global Forecast to 2023

Pune, India -- (SBWire) -- 01/12/2018 --Market Highlights
The growing electrical power consumption and rising need to maximize transmission capacity are becoming progressively important. Along with this, developing renewable-based power generation in the energy mix, retiring old power plants, and growing network of High-Voltage Direct Current (HVDC) has had a major effect on transmission grid stability. Synchronous condensers play a critical role by generating leading and lagging reactive power and helping to balance the transmission grid. It also offers considerable advantages over the other substitutes such as no harmonics, short-circuit power capability, and inertia to the transmission grid among others The Synchronous Condenser System is expected to grow with the CAGR of approximately 2% from 2017 to 2023

Market Research Analysis
Currently, the synchronous condensers market in North America is projected to grow at the fastest rate during the forecast period. Gradual termination of conventional thermal power plants and growing renewable power generation are driving the synchronous condensers market in the region. North America is followed by Europe. Requirement for synchronous condensers in Europe is mainly driven by growing HVDC network in the region.

The report has been analyzed based on the cooling type, the hydrogen-cooled synchronous condenser segment is one of the largest segment and is expected to grow tremendously in forecasted period than other cooling methods used for cooling synchronous condensers. This growth is due to the endorsement and efficiency of large-sized synchronous condensers for reactive power rating of above 200 Mega Volt Amps (reactive) (MVAr) in all major regions across.

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Key Players
The key players of drill pipe market are
- 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),
- Hyundai Ideal Electric Co. (U.S.),
- Sustainable Power Systems LLC. (USA),
- WEG Industries (Brazil),
- Electro Mechanical Engineering Associates (USA),
- Power Systems
- Control (USA)
- others.

Electric utilities are leading the end-users of synchronous condensers
Electric utilities have been historically the largest users of power factor correction equipment. Industries employ synchronous condensers only when the requirement for power factor correction is high and for the long distance power transmission. Metal and mining process industries have been the leading user of synchronous condensers but their share is low compared with electric utilities. Hence, the market for electric utilities will remain dominant and grow at a faster rate during the forecast period.

The growing electrical power consumption and rising need to maximize transmission capacity are becoming progressively important. Along with this, developing renewable-based power generation in the energy mix, retiring old power plants, and growing network of High-Voltage Direct Current (HVDC) has had a major effect on transmission grid stability. Synchronous condensers play a critical role by generating leading and lagging reactive power and helping to balance the transmission grid. It also offers considerable advantages over the other substitutes such as no harmonics, short-circuit power capability, and inertia to the transmission grid among others

Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis

4 Global Synchronous Condenser Market, By Cooling Type
4.1 Introduction
4.2 Hydrogen
4.3 Air
4.4 Water
5 Global Synchronous Condenser Market, By Reactive Power Rating
Continue………

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List Of Figures
Figure 1 Research Application
Figure 2 Global Synchronous Condensermarket: By Cooling Type (%)
Figure 3 Global Synchronous Condensermarket: By Reactive Power Rating (%)
Figure 4 Global Synchronous Condensermarket: By Starting Method (%)
Figure 5 Global Synchronous Condensermarket: By End User (%)
Figure 6 Global Synchronous Condensermarket: By Product Type (%)
Figure 7 Global Synchronous Condensermarket: By Region
Figure 8 North America Synchronous Condensermarket: By Cooling Type (%)
Figure 9 North America Synchronous Condensermarket: By Reactive Power Rating (%)
Figure 10 North America Synchronous Condensermarket: By Starting Method (%)
Continue……….

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