North America Synchronous Condenser Market to 2026 by Cooling Type (Hydrogen-Cooled, Air-Cooled and Water-Cooled) & Starting Method (Static Frequency Converter, Pony Motor)
The North American Synchronous Condenser Market was valued USD177.24 million in 2020 and is expected to grow at a rate of 3.63% from 2021-2026.
- The North American 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.
- The North American Synchronous Condenser Market can be segmented based on cooling type, starting method, end-user, reactive power rating and country.
- The increasing installations of large-sized, above 200 MVAr synchronous condensers, especially in the US, are likely to foster the growth of synchronous condenser market in North America.