The key industry players operating in synchronous condenser market are :
Toshiba Energy Systems & Solutions Corporation
Doosan Škoda Power
Shanghai Electric
Nidec Corporation
Ansaldo Energia
Power Systems & Controls, Inc.
Hitachi Energy Ltd.
WEG
Eaton
Mitsubishi Electric Power Products, Inc.
General Electric
Siemens Energy
ABB.
Authors:
Ankit Gupta, Riya Gupta
Frequently Asked Questions (FAQ) :
The market size of synchronous condenser crossed a valuation of USD 1.3 billion in 2022 and is projected to register 4.8% CAGR from 2023- 2032 driven by the growing need for reliable and consistent power supply.
Air-cooled synchronous condensers industry is estimated to amass more than USD 1 billion by 2032 owing to the continuous advancements in air-cooling technology.
North America synchronous condenser industry size is anticipated to generate USD 230 million revenues by 2032 backed by the rising need for grid modernization.
Toshiba Energy Systems & Solutions Corporation, Doosan Škoda Power, Shanghai Electric, Nidec Corporation, Hitachi Energy Ltd., WEG, Eaton, Mitsubishi Electric Power Products, Inc., General Electric, Siemens Energy, and ABB are some of the leading enterprises in the business scenario.