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Flywheel Synchronous Condenser Market Share

Report ID: GMI9658
Published Date: May 2024
Report Format: PDF

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Flywheel Synchronous Condenser Market Share

Flywheel Synchronous Condenser Company Market Share, 2023

ABB is a leading player in the flywheel synchronous condenser industry, renowned for its deep expertise in manufacturing a variety of synchronous condensers. The company's portfolio includes both conventional synchronous condenser models and specialized variants, demonstrating its strong heritage in the electrical components industry. ABB has effectively delivered customized flywheel synchronous condenser solutions to address a wide range of application needs, further solidifying its prominent position in the market.

Flywheel Synchronous Condenser Market Companies

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 flywheel synchronous condenser market size was USD 93.1 million in 2023 and is envisioned to grow at 18.5% CAGR through 2024- 2032, owing to their capacity to support the grid, enhance stability, and provide reactive power compensation.

The static drive starting segment of the market will grow at over 18.1% CAGR during 2024- 2032, as they offer rapid response times and exceptional dynamic performance in synchronous condensers.

Asia Pacific flywheel synchronous condenser market size is anticipated to reach over USD 120 million by 2032, driven by advances in cooling technologies.

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