#synchronous condenser market
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Chicago, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Synchronous Condenser Market is projected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6%, according...
#synchronous condenser#Synchronous Condenser Market#energy#power#electricity#utilities#power generation#electric utilities#renewable energy#transmission and distribution#power transmission#transmission lines#power line#power lines#distribution lines#power distribution#hvdc#hvdc network#hvdc transmission#power grid#power grids
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According to the new market research report “Synchronous Condenser Market Size, Share & Trends Analysis Report by Cooling Type (Hydrogen-Cooles, Air-Cooled, Water-Cooled), Type (New & Refurbished), Starting Method (Static Frequency Converter, Pony Motor), End-User, Reactive Power Rating and Region, Supply & Demand Side Analysis, and Segment Forecasts, 2023-2030”, published by Delvens, the global Synchronous Condenser Market is expected to reach $947.1 million by 2030 from $615.2 million in 2022, registering impressive expansion at a compound annual growth rate (CAGR) of 2.7%.
#Synchronous Condenser Market#Synchronous Condenser#Synchronous Condenser Market Size#Synchronous Condenser Market Share#Synchronous Condenser Market Growth#Synchronous Condenser Market Trends#Synchronous Condenser Market Demand#energy
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Synchronous Condenser Market Growth Rate, Demands, Status and Application Forecast To 2027
Synchronous Condenser Market is receiving high momentum across the world. Rise in conversion of existing synchronous generators into synchronous condensers is fuelling the growth of the market. The demand for traditional power generating sources is declining with aging power generation plants, decommissioning, environmental regulations, increasing competition from gas-fired turbines, and renewable energy sources. Several aged coal-fired power plants across North America and Europe are being shut down owing to these factors. For instance, in 2019, 8.3 GW worth of capacity retirements took place, of which 53% were coal. Withdrawing a power generation unit decreases a plant's capacity for reactive power. There is a growing trend of turning aging power plants into synchronous condensers to stabilize the grid systems. These synchronous condensers provide the reactive power needed for areas previously reliant on large thermal power plants. A more affordable and efficient approach is to turn the current synchronous generators into synchronous condensers. Thus, the above-mentioned factors are expected to offer new opportunities for the synchronous condenser market globally.
According to the new research report, titled “Synchronous Condenser Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Cooling Type (Air-Cooled, Hydrogen-Cooled, and Water-Cooled), Reactive Power Rating (Up to 100 MVAr, 100–200 MVAr, and Above 200 MVAr), Starting Method (Pony Motor, Static Frequency Converter, and Others), and Application (Metal and Mining, Electrical Utilities and Grid Operators, Marine, Oil and Gas, and Others)” published by The Insight Partners, the market is expected to reach US$ 580.28 million by 2027, registering a CAGR of 2.6% from 2020 to 2027.
The global synchronous condenser market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. North America holds the dominant share in the synchronous condenser market, whereas APAC is expected to be the fastest-growing region in the global market. The technological advancements across North America have resulted in a highly competitive market for all sectors. At present, in the US and Canada, the adoption of synchronous condenser has increased across the industries such as electrical utilities and grid operators, metal and mining, marine, and oil and gas. Additionally, rising investments by government bodies and private enterprises to adopt renewable energy across their process is fueling the growth of the market in the region. For instance, in 2019, the investment in clean energy by the US accounted for US$ 301.7 billion. Thus, the rising investment is encouraging enterprises to offer advanced solutions across local and global energy generation sector.
The top five companies in the synchronous condenser market include ABB Ltd., Eaton Corporation PLC, General Electric, Siemens AG, Voith GmBH. The above listing of key players is derived by considering multiple factors such as overall revenue, current synchronous condenser portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities. There are various other notable players in the global synchronous condenser market ecosystem such as BRUSH Group, Fuji Electric Co., Ltd., Hyundai Idela Electric Co., Mitsubishi Electric Corporation, and WEG Electric Corp amongst others.
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#Synchronous Condenser Market#Synchronous Condenser#Synchronous Condenser Market Size#Synchronous Condenser Market Share#Synchronous Condenser Market trends#Synchronous Condenser Industry
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Synchronous Condenser Market Analysis, Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033
Synchronous Condenser Market size was valued at $568.9 million in 2020, and is projected to reach $751.0 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030.
The competitive analysis of the Synchronous Condenser Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.
Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Synchronous Condenser Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.
Key Matrix:
Market Size and Growth Rate:
Definition: Determine the total size of the market in terms of revenue, units sold, or other relevant metrics.
Importance: Indicates the overall opportunity and potential for businesses in the market.
Methodology: Use a combination of primary and secondary research to gather data, including surveys, interviews, and analysis of existing reports.
Competitive Landscape:
Definition: Identify and analyze key competitors in the market.
Importance: Helps businesses understand their position relative to competitors and potential areas for differentiation.
Methodology: Conduct a competitive analysis, examining market share, strengths and weaknesses, strategies, and any recent developments of major players.
Customer Demographics and Preferences:
Definition: Understand the characteristics of the target customer base, including demographics, behaviors, and preferences.
Importance: Guides product development, marketing strategies, and customer engagement efforts.
Methodology: Utilize surveys, interviews, and data analysis to gather information on customer demographics, buying habits, and preferences.
Trends and Opportunities:
Definition: Identify current and emerging trends that may impact the market, as well as potential opportunities for growth.
Importance: Helps businesses stay ahead of the curve and capitalize on evolving market dynamics.
Methodology: Analyze industry reports, consumer behavior data, and expert opinions to identify trends. Conduct a SWOT analysis to uncover opportunities and threats.
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Market Segmentations:
Global Synchronous Condenser Market: By Company
Fuji Electric
Mitsubishi Electric Corporation
Voith GmbH & Co. KGaA
WEG Group
ABB LTD
Eaton Corporation plc
GENERAL ELECTRIC
Andritz
Ideal Electric Power Co.
Siemens Energy
Global Synchronous Condenser Market: By Type
• New
• Refurbished
Global Synchronous Condenser Market: By Cooling Type
• Air-cooled
• Water-cooled
• Hydrogen-cooled
Global Synchronous Condenser Market: By End User
• Electrical Utilities
• Industrial
Regional Analysis of Global Synchronous Condenser Market
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Synchronous Condenser market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Historical developments:
Market Evolution:
Overview: Trace the historical development of the market, from its inception to the present day.
Importance: Understanding how the market has evolved provides context for current trends and future projections.
Data Sources: Historical market reports, industry publications, and archival records can be valuable sources for tracking market evolution.
Technological Advances:
Overview: Examine significant technological developments that have shaped the market.
Importance: Technology often drives market changes and innovation, impacting product offerings, efficiency, and consumer behavior.
Data Sources: Historical records, patent filings, and industry publications can provide insights into technological advancements.
Regulatory Changes:
Overview: Analyze past regulatory developments that have influenced the market.
Importance: Regulatory changes can have a profound impact on market dynamics, affecting entry barriers, product standards, and industry competitiveness.
Data Sources: Regulatory documents, government publications, and legal records can be valuable sources for tracking regulatory changes.
Economic Shifts:
Overview: Examine historical economic trends and their influence on the market.
Importance: Economic factors, such as recessions, expansions, or global economic shifts, can significantly impact consumer spending patterns and market demand.
Data Sources: Economic reports, financial records, and historical market analyses can provide insights into economic shifts.
Consumer Behavior Changes:
Overview: Explore historical shifts in consumer preferences, behaviors, and buying patterns.
Importance: Changes in consumer behavior can drive market trends, affecting product demand, marketing strategies, and distribution channels.
Data Sources: Surveys, market research studies, and historical consumer data can help track changes in consumer behavior over time.
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Answered Questions of Synchronous Condenser Market
What is the current size of the target market in terms of revenue, units sold, or other relevant metrics?
Who are the key competitors in the market, and what is their market share?
How has the market evolved over the past decade, and what are the key historical developments that have influenced its trajectory?
What are the primary demographic characteristics of the target customer base, and how have these demographics changed over time?
What are the main factors driving or inhibiting market growth, and how have these factors evolved in recent years?
What technological advancements have impacted the market, and how have these changes affected product offerings and consumer preferences?
How have regulatory changes, if any, influenced the market landscape, and what is the regulatory outlook for the future?
What economic factors, such as recessions or expansions, have historically affected consumer spending patterns in the market?
How has consumer behavior changed over time, and what are the current trends in purchasing habits and preferences?
What emerging trends and opportunities are expected to shape the future of the market, and how can businesses position themselves to capitalize on these trends?
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Dynamic Grid Support: Exploring Trends and Innovations in the Synchronous Condenser Market of 2023
Power Grid Stability: The Rise of Synchronous Condensers in 2023
The Synchronous Condenser Market is poised for significant growth and prominence in 2023 as it emerges as a critical component in ensuring the stability and reliability of power grids worldwide. These synchronous machines play a pivotal role in regulating voltage, improving power factor correction, and maintaining grid inertia, contributing to the efficient operation of electrical networks.
Understanding Synchronous Condensers
Synchronous condensers are synchronous machines that mimic the behavior of rotating generators without actively generating power. They absorb or generate reactive power, aiding in the stabilization of voltage and ensuring the smooth functioning of power grids, especially in situations involving variable renewable energy sources and grid disturbances.
Grid Stability and Renewable Integration
In 2023, with the increased integration of renewable energy sources like wind and solar into the power grid, the demand for synchronous condensers has surged. These condensers provide crucial support by compensating for the variability and intermittency of renewable energy, ensuring grid stability and reliability.
Technological Advancements and Market Dynamics
Advancements in control systems, materials, and design have led to more efficient and compact synchronous condenser solutions. The market witnesses a growing demand for these advanced systems due to their ability to address grid challenges such as voltage fluctuations, short-circuit power support, and frequency regulation.
Environmental Benefits and Grid Resilience
Synchronous condensers offer environmental advantages by enabling the integration of renewable energy sources without compromising grid stability. By maintaining grid inertia and stability, they contribute to resilience against grid disturbances, ensuring uninterrupted power supply and preventing cascading failures.
Challenges and Opportunities
Despite their significance, challenges such as high installation costs, limited availability of skilled labor, and regulatory barriers exist in the synchronous condenser market. However, these challenges present opportunities for technological innovations, market expansion, and collaborations aimed at reducing costs and enhancing efficiency.
Global Adoption and Future Prospects
The global adoption of synchronous condensers is on the rise, driven by grid modernization initiatives, renewable energy integration, and the need for grid stability and reliability. The market's future prospects look promising as industries and grid operators increasingly recognize the indispensable role of synchronous condensers in ensuring grid resilience.
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Conclusion
In 2023, the Synchronous Condenser Market represents a critical juncture in the evolution of power grid stability. These silent workhorses play a fundamental role in supporting the transition towards cleaner energy sources and ensuring a resilient, stable, and efficient electrical grid, laying the foundation for a sustainable energy future.
In essence, the synchronous condenser market stands as an essential component in maintaining grid stability, enabling the integration of renewable energy sources, and ensuring a reliable and sustainable energy supply for the future.
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Synchronous Condenser Market is projected to grow from USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6%, according...
#synchronous condenser#Synchronous Condenser Market#Synchronous Condensers#energy#power#electricity#power generation#utilities#electric utilities#renewable energy#renewable#transmission and distribution#power transmission#power distribution system#power distribution#hvdc network#hvdc transmission market#hvdc#power line#power lines#transmission lines#electrical grid#smart grids#smart grid#power grid#electric grids#electrical grids#power grids#electrical utilities#digital utility
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youtube
Swing barrier, usually called a slap doorstep in the rail transit market, has a blocking body (swing) in the shape of an aircraft with a specific area, perpendicular to the ground, and launches and obstructs through rotation and swing. The products of the obstructing body are typically stainless-steel, natural glass, and tempered glass. Some also utilize metal plates wrapped with unique versatile products (to reduce the damage triggered by hitting pedestrians).
Bridge Intelligent Swing Gate
The more popular name has actually been inherited from the initial bridge-shaped structure. It consists of a main chassis and two movable swing bars. The swing bars can swing 180 ° or 90 ° to accomplish the function of dissuading or launching.
Column Swing Turnstile
The appearance of the main equipment remains in the type of a column, which can carry out the very same functions as the bridge-type Swing Gate. It is identified by lower expense and less space.
Typical functions
1) Fault self-check and alarm prompt functions to facilitate user maintenance and usage;
2) The operating status of the programmable device can be set through the built-in little button on the main control panel;
3) Mechanical structure and induction dual anti-pinch function. When encountering resistance during the reset of the swing arm, it will instantly stop or the motor will stop working within the default time.
4) Noise and light alarm functions: including prohibited invasion and tailgating alarms;.
5) Anti-collision function, the swing arm automatically locks when the gate opening signal is not gotten;.
6) Pendulum (arm) synchronization function;.
7) Automatic reset function. After eviction is opened, if there is no passage within the specified time, the system will immediately cancel the user's authorization for this passage. The standard is to automatically reset 5 seconds after opening;.
8) The channel will automatically open after a power interruption and close automatically after power on;.
9) Can be connected to a variety of card reading gadgets to receive relay changing signals;.
10) Two-way or one-way control of workers entry and exit;.
11) Remote control and management can be recognized straight through the management computer system;.
Extended function modifying broadcast.
1) Counting and alarm functions;.
2) Chassis lengthening, swing rod (swing arm) material selection;.
3) Advertising space light box selection.
Technical Parameters.
Measurements:.
Bridge Swing Turnstile1550mm × 280mm × 960mm.
Column Swing Turnstile: size 168mm * 1000mm.
Checking out and composing approaches: ID card, IC card, magnetic card, barcode scanner, and so on.
Weight: bridge type 60-70Kg, column type 35-40kg.
Swing arm length: 300mm-650mm.
Optimum bearing capability of swing arm: 30Kg.
Working voltage: AV220V ± 10V, 50Hz.
Motor power: 24V 30W.
Door swing time: 0.2 seconds.
Input user interface: +12 V level signal or DC12V with pulse width signal ≥ 100ms, pulse signal driving present ≥ 10mA.
Communication user interface: RS485 standard interaction distance ≤ 1200 meters.
Passage speed: 40 people/minute (typically open), 25-30 people/minute (normally closed).
Gate opening and closing time: 1-2 seconds.
Operating environment: indoor, outdoor (shade).
Temperature: -10 ℃---- 50 ℃ Relative humidity: ≤ 90%, no condensation.
Main structure and configuration:.
Bridge Swing Turnstile: ◇ 2 primary chassis ◇ 2 swing doors (swing arms) ◇ 1 set of control panel ◇ 2 mechanical motions and transmission parts ◇ 1 power supply ◇ 2 motors.
Column Swing Turnstile: ◇ 2 main columns ◇ 4 connected columns ◇ 8 attached railings ◇ 2 swing arms ◇ 2 sets of control panels ◇ 4 transformers ◇ 2 motors ◇ 2 sets of movement and transmission parts.
#barrier gate#full height turnstile#hydraulic bollard#flap turnstile#swing turnstile#turnstile gate#tripod turnstile#tripod turnstile gate#Youtube
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Synchronous Condenser Market Key Business Strategies and Forecast Year 2020-2027
The synchronous condenser market was valued at US$ 507.64 million in 2019 and is projected to reach US$ 580.28 million by 2027; it is expected to grow at a CAGR of 2.6% from 2020 to 2027.
#Synchronous Condenser Market#Synchronous Condenser#Global Synchronous Condenser Market#Synchronous Condenser Market Forecast#Synchronous Condenser Market Size
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Synchronous Condenser Market Research Analysis Report
Synchronous Condenser Market Global Sales & Revenue Analysis Report
Synchronous Condenser Market, By Cooling Type (Hydrogen Cooled, Air Cooled, Water Cooled), Reactive Power Rating (MVAR) (Up To 100 MVAR Synchronous Condensers, 100–200 MVAR Synchronous Condensers, Above 200 MVAR Synchronous Condensers), Starting Method (Static Frequency Converters, Pony Motors, Others), End-User (Electrical Utilities, Industries), Type (New Synchronous Condensers, Refurbished Synchronous Condensers), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global synchronous condenser market is anticipated to reach USD 512.7 million in 2021 growing at a CAGR of 2.6% during the forecasting period, 2021-2028.
Growing demand for renewable power generation and the increasing need for power factor correction are some of the factors that have supported long-term expansion for the synchronous condenser industry.
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Key Findings
Global synchronous condenser market is segmented into cooling type, starting method, reactive power rating (MVAR), end-user, type, and geography.
Cooling Type segment is segmented into Hydrogen Cooled, Air Cooled, and Water Cooled
Reactive Power Rating (MVAR) segment is segmented into Up To 100 MVAR Synchronous Condensers, 100–200 MVAR Synchronous Condensers, and Above 200 MVAR Synchronous Condensers
Starting Method segment is segmented into Static Frequency Converters, Pony Motors, and Others
End-User segment is segmented into Electrical Utilities and Industries
Type segment is segmented into New Synchronous Condensers and Refurbished Synchronous Condensers
Geographically, the global synchronous condenser market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
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Regional Analysis
North America region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.
Competitive Landscape
Key players in the global synchronous condenser market are
ABB,
Siemens,
GE,
Weg,
Eaton,
Andritz,
Ansaldo Energia,
Fuji Electric,
Voith Group
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Reasons to Acquire
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
Gain authentic and granular data access for synchronous condenser market so as to understand the trends and the factors involved behind changing market situations
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Read Industry Related Report:
The Synchronous Condenser Market report answers a number of crucial questions, including:
Which companies dominate the Synchronous Condenser Market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the market economy globally?
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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
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