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Europe Flywheel Synchronous Condenser Market Analysis

  • Report ID: GMI9745
  • Published Date: Jun 2024
  • Report Format: PDF

Europe Flywheel Synchronous Condenser Market Analysis

Based on starting method, the pony motors segment is projected to exceed USD 22.7 million by 2032. Pony motors, which are compact auxiliary motors, are used to initiate the start-up and initial synchronization of synchronous condensers or to supply power during specific operational modes. Typically employed during the initial energization phase, these motors bring the synchronous condenser up to its synchronous speed before it takes over autonomously as the driving force.

 

Europe Flywheel Synchronous Condenser Market Share, By Cooling, 2023

Based on the cooling methods, the air cooled application is anticipated to grow at a CAGR of more than 13.4% through 2032. The increasing penetration of renewable energy sources, such as wind and solar power, has heightened the demand for technologies that ensure grid stability. Air-cooled flywheel synchronous condensers are instrumental in integrating renewable energy by offering rapid response times and reactive power support. With the variability introduced by renewable sources, grid stability has become a crucial concern. Air-cooled flywheel synchronous condensers provide quick and dynamic responses to grid events, contributing significantly to voltage regulation and stabilization.

 

Germany Flywheel Synchronous Condenser Market Size, 2022-2032 (USD Million)

Germany flywheel synchronous condenser market is set to reach over USD 44.5 million by 2032. The German government’s supportive policies and regulatory frameworks are fostering the deployment of advanced grid stabilization technologies. Incentives for energy storage solutions and mandates for renewable energy adoption are encouraging investments in flywheel synchronous condensers. Germany is investing heavily in modernizing its grid infrastructure to accommodate higher levels of renewable energy. The expansion and upgrade of transmission and distribution networks are creating opportunities for the deployment of flywheel synchronous condensers to enhance grid resilience and flexibility.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of Europe flywheel synchronous condenser was crossed USD 48.9 million in 2023 and is projected to expand at 14.9% CAGR from 2024 to 2032, owing to the growing integration of intermittent renewable energy sources, such as wind and solar power into the grid.

The pony motors starting method segment in the Europe flywheel synchronous condenser market is estimated to reach USD 22.7 million by 2032, as these motors bring the synchronous condenser up to its synchronous speed before it takes over autonomously as the driving force.

The air-cooled segment in the Europe flywheel synchronous condenser industry is projected grow at over 13.4% CAGR from 2024 to 2032, due to the increasing penetration of renewable energy sources, such as wind and solar power.

Germany market for flywheel synchronous condenser is projected to record more than USD 44.5 million by 2032, led by supportive government policies and regulatory frameworks in the region.

Europe Flywheel Synchronous Condenser Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 50
  • Countries covered: 4
  • Pages: 80
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