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North America Flywheel Synchronous Condenser Market Analysis

  • Report ID: GMI9767
  • Published Date: Jun 2024
  • Report Format: PDF

North America Flywheel Synchronous Condenser Market Analysis

The market is categorized into hydrogen cooled and air cooled, based on cooling, with the hydrogen cooled segment anticipated to reach a value of more than USD 35 million by 2032. Hydrogen cooling technology is being increasingly adopted due to its superior thermal conductivity and low density, which enhance the efficiency and operational lifespan of flywheel synchronous condensers. These advancements are reducing heat-related losses and improving overall system performance.
 

North America Flywheel Synchronous Condenser Market Share, By Reactive Power Rating, 2023

Based on reactive power rating, the North America flywheel synchronous condenser market encompasses 50 MVAr, 100 MVAr, and 200 MVAr. The 100 MVAr segment is set to expand at a CAGR of over 11.3% through 2032. 100 MVAr flywheel synchronous condensers can be effectively utilized in microgrids, particularly in remote or off-grid locations. Microgrids benefit from technologies that ensure stable power quality, and even lower-rated flywheels can enhance this stability. In smaller-scale renewable energy projects, 100 MVAr flywheel synchronous condensers may be deployed to address grid stability challenges associated with intermittent renewable energy sources.
 

U.S. Flywheel Synchronous Condenser Market Size, 2022-2032 (USD Million)

The U.S. flywheel synchronous condenser market is estimated to surpass USD 74.5 million by 2032, driven by advancements in technology, increasing renewable energy integration, regulatory support, and the critical need for grid stability. Flywheel synchronous condensers are increasingly being integrated with advanced grid technologies, such as smart grids and automated demand response systems. This integration enhances their ability to provide real-time reactive power support and voltage regulation, contributing to a more resilient and efficient grid.
 

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size for flywheel synchronous condenser in North America reached USD 38.1 million in 2023 and will witness 8.9% CAGR between 2024 and 2032, led by the increasing integration of renewable energy sources, which require grid stability and reactive power support.

The hydrogen cooled segment will record more than USD 35 million by 2032, primarily due to its superior cooling efficiency and enhanced performance in high-capacity applications.

U.S. market size will surpass USD 74.5 million by 2032, owing to robust grid infrastructure development and the increasing deployment of renewable energy sources.

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

North America Flywheel Synchronous Condenser Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 9
  • Tables & Figures: 50
  • Countries covered: 3
  • Pages: 80
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