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Synchronous Condenser Market Share

Report ID: GMI5945
Published Date: Jun 2024
Report Format: PDF

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Synchronous Condenser Market Share

Synchronous Condenser Company Market Share Analysis, 2023

Companies like ABB and General Electric hold a significant market share in the synchronous condenser business due to their extensive expertise in power systems, strong global presence, and comprehensive product portfolios. Their advanced technological capabilities, established manufacturing processes, and robust R&D investments ensure high-quality, reliable solutions.

Synchronous Condenser Market Companies

Ansaldo Energia
ABB
Doosan
Eaton
General Electric
Hitachi Energy Ltd.
Mitsubishi Electric Power Products, Inc.
NIDEC Corporation
Power Systems & Controls, Inc.
Siemens Energy
Shanghai Electric
Toshiba Energy Systems & Solutions Corporation
WEG

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of synchronous condenser was reached USD 1.4 billion in 2023 and is anticipated to grow at 4.8% CAGR through 2032, due to the rising demand for grid stability and reactive power support.

The air-cooled segment in the synchronous condenser market is anticipated to exceed USD 1 billion by 2032, due to the cost-effectiveness, ease of maintenance, and environmental benefits of air-cooled synchronous condensers.

Europe synchronous condenser is anticipated to surpass USD 800 million by 2032 owing to the integration of advanced technologies such as AI, ML, and the Internet of Things (IoT) across various industries.

Ansaldo Energia, ABB, Doosan, Eaton, General Electric, Hitachi Energy Ltd., Mitsubishi Electric Power Products, Inc., NIDEC Corporation, Power Systems & Controls, Inc., Siemens Energy, Shanghai Electric, Toshiba Energy Systems & Solutions Corporation, and WEG