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North America Flywheel Synchronous Condenser Market Share

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

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North America Flywheel Synchronous Condenser Company Market Share

North America Flywheel Synchronous Condenser Market Share Analysis, 2023

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ABB is a prominent leader in the North American flywheel synchronous condenser industry, renowned for its extensive expertise in producing a diverse array of synchronous condensers. The company's portfolio includes both conventional models and specialized variants, highlighting its strong legacy in the electrical components industry. ABB has successfully provided customized flywheel synchronous condenser solutions tailored to various application requirements, solidifying its dominant market position.

North America Flywheel Synchronous Condenser Market Companies

Some of the key market players operating across the North America 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 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