The global synchronous condenser market is expected to grow from an estimated USD 661 million in 2022 to USD 811 million by 2030, at a CAGR of 2.6% during the forecast period.
The global synchronous condenser market is projected to reach USD 574.0 million by 2025 from an estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast period.
The synchronous condenser market is projected to reach USD 606 million by 2024 from an estimated USD 549 million in 2019, at a CAGR of 2.0% during the forecast period.
The synchronous condensers market is expected to grow from an estimated USD 515.3 Million in 2016 to USD 572.9 Million by 2021.
Synchronous Condenser Market Categories the Global Market by Starting Method (Pony Motor, Static Frequency Converter), Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, & Above 200 MVAr), Cooling Type (Hydrogen, Air, and Water), Type, End User, & by R
The global market is witnessing significant growth due to increasing renewable power generation, long service life, and rising need for power factor correction.
The global market is witnessing significant growth due to increasing renewable power generation, long service life, and rising need for power factor correction.
The global market is witnessing significant growth due to increasing renewable power generation, long service life, and rising need for power factor correction.