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Europe Flywheel Synchronous Condenser Market Share

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

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Europe Flywheel Synchronous Condenser Market Share

Europe Flywheel Synchronous Condenser Company Market Share Analysis, 2023

ABB is a leading player in the European flywheel synchronous condenser market, known for its extensive expertise in manufacturing a wide range of synchronous condensers. The company's portfolio features both conventional models and specialized variants, showcasing its strong heritage in the electrical components industry. ABB has successfully delivered customized flywheel synchronous condenser solutions to meet diverse application needs, further cementing its prominent position in the market.

Europe Flywheel Synchronous Condenser Market Companies

Some of the key market players operating across the Europe flywheel synchronous condenser industry are:

ABB
ANDRITZ
Ansaldo Energia
Baker Hughes
Doosan Škoda Power
General Electric
Ingeteam
Mitsubishi Electric Power Products, Inc.
Siemens Energy

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.