SYNCHRONOUS CONDENSER MARKET

INTRODUCTION

A synchronous condenser is a specialized electrical component used in power systems. It is also referred to as a synchronous compensator or synchronous capacitor. It functions as an electrical machine that supports reactive power and is connected to an electrical grid or power system. A synchronous condenser's main job is to control voltage and boost power factor in an electrical network.

It accomplishes this by creating or absorbing reactive power, which contributes to maintaining the system's overall stability and voltage stability. In order to account for the reactive components of loads and to control voltage levels, reactive power is required in power systems.

A synchronous condenser only concentrates on supporting reactive power, as opposed to conventional power generators that provide both active (actual) power and reactive power. It is made up of a synchronous generator, which is a generator used to produce electricity, but it lacks a mechanical prime mover. Instead, a motor or a small section of the electrical grid itself serves as its power source.

The synchronous condenser's rotor spins in time with the grid frequency when it is linked to the power system. It can either remove reactive power from the system or provide it to the grid as needed by varying the field excitation. With this ability, the synchronous condenser can assist in balancing the reactive power demand and preserving the system's necessary voltage levels.

Applications for synchronous condensers include power factor correction, voltage regulation, improving transient stability, and compensating for reactive power. They are especially helpful in power networks where the high proportion of intermittent renewable energy sources, like wind and solar, makes reactive power assistance essential.

In conclusion, synchronous condensers are specialized equipment that assist electrical networks' reactive power needs. It contributes to voltage regulation, power factor improvement, and increased power system stability.

SYNCHRONOUS CONDENSER MARKET SIZE AND FORECAST

The global synchronous condenser market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

SYNCHRONOUS CONDENSER MARKETNEW PRODUCT LAUNCH

For Statkraft, the largest producer of renewable energy in Europe, ABB has finished a significant turnkey project that will assist replenish the system inertia that is necessary for the reliable running of the UK power grid.

The Italian gearbox system operator Terna will get two new synchronous compensators from Siemens Energy, according to a press release.

SYNCHRONOUS CONDENSER MARKETCOMPANY PROFILE

• Hyundai Electric
• WEG
• Toshiba
• ABB
• Siemens

SYNCHRONOUS CONDENSER MARKETTHIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many synchronous condenser  are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global synchronous condenser  and key vendor selection criteria
3. Where is the synchronous condenser  manufactured? What is the average margin per unit?
4. Market share of Global synchronous condenser  market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global synchronous condenser  in-house
6. key predictions for next 5 years in Global synchronous condenser  market
7. Average B-2-B synchronous condenser  market price in all segments
8. Latest trends in synchronous condenser  market, by every market segment
9. The market size (both volume and value) of the synchronous condenser  market in 2024-2030 and every year in between?
10. Production breakup of synchronous condenser  market, by suppliers and their OEM relationship