Market research future published a raw research report Global Synchronous Condenser System Market that contains the information from 2017 to 2023.  The Synchronous Condenser System is expected to grow with the CAGR of approximately 2% from 2017 to 2023.

Market Highlights

The growing electrical power consumption and rising need to ... Read more

Synchronous condensers are synchronous motors that are usually employed for power factor correction in power lines. Electrical circuits involving induction motors or inductive loads are usually encountered with lagging power factors, due to which the efficiency of the system goes down. Lagging power factors result in the loss of energy. Synchronous condensers are introduced in such circuits to cancel out the lagging power factor.  They feed the circuits with leading power factors. However, ... Read more

The synchronous condenser market is expected to grow from an estimated USD 515.3 Million in 2016 to USD 572.9 Million by 2021, at an estimated CAGR of 2.1%. The global market is witnessing significant growth due to increasing renewable power generation, long service life, and rising need for power factor correction.  

Hydrogen cooling segment is expected to ... Read more

The synchronous condensers market is projected to grow from an estimated USD 515.3 Million in 2016 to USD 572.9 Million by 2021. The growth is attributed to increasing renewable power generation, long service life, and rising need for power factor correction. Existing and planned upgradation and expansion of High-Voltage Direct Current (HVDC) network across the globe in various regions is expected to increase demand for power factor correction equipment such as synchronous condenser. ... Read more