Synchronous Condenser Market Segmented by Types,
Applications, End-users till 2021
The report "Synchronous Condenser Market by Cooling Type (Hydrogen, Air, and Water),
Reactive Power Rating (Up to 100 MVAr, 100-200 MVAr, & Above 200 MVAr), Type,
Starting Method (Static Frequency Converter, Pony Motor), End User, and Region - Global
Forecast to 2021", The synchronous condensers market is expected to grow from an estimated
USD 515.3 Million in 2016 to USD 572.9 Million by 2021, at an estimated CAGR of 2.1%. The
global market is witnessing significant growth due to increasing renewable power generation,
long service life, and rising need for power factor correction.
Browse 71 market data tables and 47 figures spread through 134 pages and in-depth TOC
on “Synchronous Condenser Market by Cooling Type (Hydrogen, Air, and Water), Reactive
Power Rating (Up to 100 MVAr, 100-200 MVAr, & Above 200 MVAr), Type, Starting Method
(Static Frequency Converter, Pony Motor), End User, and Region - Global Forecast to 2021"
https://www.marketsandmarkets.com/Market-Reports/synchronous-condenser-market-
189197147.html
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Static frequency converter segment is expected to lead synchronous condensers market by
starting method
Static frequency converters provide superior control for starting synchronous condensers
compared with pony motors. Pony motors are preferred for small-sized condensers. Static
frequency converters offer better precision and capability to start multiple condensers. Owing to
these factors, static frequency converters are expected to lead the market segment and grow at
the fastest rate within all the segments.
Hydrogen cooling segment is expected to capture the major share of the synchronous
condensers market by cooling type
Hydrogen-cooled synchronous condenser is the largest segment and is expected to grow faster
than other cooling methods. It is the preferred method of cooling employed for medium - to
large-sized synchronous condensers. The key driving factor will be installation of medium- to
large-sized synchronous condenser units between 100 and 300 MVAr across the regions.