Global synchronous condenser market is projected to grow at formidable rate during the forecast period. The growth in the market can be attributed to rising need for power factor correction, increasing renewable power generation and long service life. Global synchronous condenser market is segmented based on type, cooling type, starting method, end user, reactive power rating and region. Based on cooling type, the market has been segmented into hydrogen-cooled, air-cooled and water-cooled. In 2021, the hydrogen-cooled synchronous condenser segment dominated the market and is expected to maintain its dominance over the next five years as well. Based on End-user segment, the market has been categorised into electrical utilities and industries. The Electric utilities segment is estimated to grow at the highest rate in the end-user segment of the synchronous condenser market during the forecast period owing to large-scale demand by utilities for high-capacity synchronous condensers. Some of the leading players operating in the global synchronous condenser market are Siemens AG, ABB Ltd., Sustainable Power Systems Inc., Eaton Corporation PLC., Power Systems and Control Inc, WEG SA, Fuji Electric Co. Ltd., General Electric Company, Electromechanical Engineering Associates Inc., Hyundai Ideal Electric Co., etc. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=2627 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/global-synchronous-condenser-market/2627.html

North America synchronous condenser market was valued USD177.24 million in 2020 and is expected to grow at a rate of 3.63% from 2021-2026. Growth in North America Synchronous Condenser market can be attributed to the increasing demand in utilities and applications in renewable energy sector. Synchronous condensers play a vital role in improving the power sector of the power transmission network. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=4614 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/north-america-synchronous-condenser-market/4614.html Siemens AG, ABB Ltd, Sustainable Power Systems Inc, Eaton Corporation PLC, Power Systems and Control Inc, WEG Industries, Fuji Electric Co. Ltd, General Electric Company, Electromechanical Engineering Associates Inc., Hyundai Ideal Electric Co. are the leading players in the North America Synchronous Condenser Market.

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Global synchronous condenser market is projected to grow at formidable rate during the forecast period. The growth in the market can be attributed to rising need for power factor correction, increasing renewable power generation and long service life. Global synchronous condenser market is segmented based on type, cooling type, starting method, end user, reactive power rating and region. Based on cooling type, the market has been segmented into hydrogen-cooled, air-cooled and water-cooled. In 2021, the hydrogen-cooled synchronous condenser segment dominated the market and is expected to maintain its dominance over the next five years as well. Based on End-user segment, the market has been categorised into electrical utilities and industries. The Electric utilities segment is estimated to grow at the highest rate in the end-user segment of the synchronous condenser market during the forecast period owing to large-scale demand by utilities for high-capacity synchronous condensers. Some of the leading players operating in the global synchronous condenser market are Siemens AG, ABB Ltd., Sustainable Power Systems Inc., Eaton Corporation PLC., Power Systems and Control Inc, WEG SA, Fuji Electric Co. Ltd., General Electric Company, Electromechanical Engineering Associates Inc., Hyundai Ideal Electric Co., etc. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=2627 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/global-synchronous-condenser-market/2627.html