Global Synchronous Condenser Motor Market 2024-2030

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    SYNCHRONOUS CONDENSER MOTOR MARKET

     

    INTRODUCTION

     An AC synchronous motor that is not connected to any driven equipment is known as a conventional synchronous condenser.

     

    When combined with the appropriate automatic exciter, the device is capable of providing continuous reactive power control.

     

    When the synchronous motor is under-excited, it draws a lagging current from the source and thus supplies leading reactive power (or absorbs lagging reactive power).

     

    When the device’s field excitation is increased, the system receives magnetizing power (kVAr). By varying the field excitation, a synchronous condenser’s current can smoothly transition from lagging to leading.

     

    SYNCHRONOUS CONDENSER MOTOR MARKET SIZE AND FORECAST

     

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    The Global Synchronous Condenser Motor 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 MOTOR MARKET RECENT DEVELOPMENT 

    GE is celebrating 100 years of providing utility customers and transmission system operators with synchronous condenser solutions.

     

    This technology, once considered nearly out of date, has reinvented itself and now provides crucial support to a changing grid as many transmission networks worldwide struggle with weak grid conditions as a result of retiring legacy thermal generation units and the intermittent nature of wind and solar power.

     

    Synchronized condensers are electrical rotating equipment that are placed at strategic points along a transmission system.

     

    They produce or absorb reactive power to keep the current flowing consistently to the grid, ensuring that reliable power is available to those who need it when they need it.

     

    Since GE shipped Ontario Hydro in Canada the first high voltage synchronous condenser in the world, the company’s most recent synchronous condenser offerings have undergone numerous advancements.

     

    Over the past century, the original 10 Mvar model has changed to keep up with changing grid demands.

     

    With units ranging from 20 Mvar all the way up to over 300 Mvar in a single piece of equipment, GE now offers the industry’s most comprehensive synchronous condenser portfolio.

     

    Over 200 synchronous condensers have been supplied to utilities by GE, a market leader in the utility sector.

     

     

    THIS SYNCHRONOUS CONDENSER MOTOR MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

     

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

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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