Synchronous Condenser Market 2020 Global Industry Research Report

Market Research Future has Published a Half-Cooked Research Report on the Global Synchronous Condenser Market.

Market Overview

The rise in electric power consumption globally is a primary factor that is contributing to the progress of the synchronous condenser market. Reports that appraise the energy and power industry has baen presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is anticipated to surge ahead with a 2 % CAGR in the forecast period.

The expansion of the electric power transmission grid around the world has further raised the scope for development of the synchronous condenser market. The growing demand for renewable energy is expected to further add to the progress of the synchronous condensers market. Furthermore, the surging demand for large scale utilities is further projected to motivate the synchronous condenser market in the coming period.

Segmental Analysis

The segmentation-based study of the synchronous condensers market is carried out on the basis of cooling type, reactive power rating, type, starting method, end-user, and region. Based on reactive power rating, the synchronous condensers market is segmented into, between 100-200 MVAr, up to 100 MVAr & above 200 MVAr. On the basis of the type of cooling, the market for synchronous condensers is segmented into air, hydrogen, and water. On the basis of type, the synchronous condensers market is segmented into new and refurbished. Based on the starting method, the synchronous condensers market is segmented into pony motor, static frequency converter, and others. By end-user, the synchronous condensers market comprises of electrical utilities and industries. On the basis of region, the synchronous condensers market comprises of North America, Europe, Asia-Pacific and Rest of World.

Detailed Regional Analysis

The regional study of the synchronous condensers market includes region such as North America, Europe, Asia-Pacific, and Rest of World. The North American region in the synchronous condensers market is expected to develop at the speediest rate throughout the forecast period. The gradual termination of regular thermal power plants and rising renewable power generation are compelling the synchronous condensers market in the region. The European region trails the North American region. The demand for synchronous condensers in the European region is primarily motivated by the increasing HVDC network in the region.

Competitive Analysis

The influence of governmental policies is motivating further development in the market. The uncertainty in the market is a critical factor that is driving the formulation of policies and plans that will be applied to drive market growth. The competitors are devoting their resources to ensure an optimum level of growth in the coming years. The competition level in the market is found to be conducive to the advancement of the players who are operating in the market. The need to capture a broader chunk of the profits is supporting the expansion of the market. The rise in the flow of international transactions between nations is further inspiring the progress of the market. The synergies being created between supply and demand forces in the market is expected to induce further growth of the market. The fluctuations in the currency are expected to stabilize and thus create a favorable impact on the market.

The significant contenders in the synchronous condensers market are General Electric (U.S.), Siemens AG (Germany), Eaton Co. Plc. (Ireland), Voith GmbH (Germany), ABB Ltd. (Switzerland), Toshiba Corporation (Japan), Hyundai Ideal Electric Co. (U.S.), WEG Industries (Brazil), Electro Mechanical Engineering Associates (USA), Fuji Electric Co., Ltd. (Japan), Sustainable Power Systems LLC. (USA), Power Systems and Control (USA) among others.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued…

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At Market Research Future (Mrfr), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr).