Global Synchronous Condenser Market Trends/Analysis Report 2022: A $675+ Million Market by 2028 - Rising Conversion Of Prevailing Synchronous Generators Into Synchronous Condensers - ResearchAndMarkets.com
The Global Synchronous Condenser Market size is expected to reach $676.9 Million by 2028, rising at a market growth of 2.9% CAGR during the forecast period.
- The Global Synchronous Condenser Market size is expected to reach $676.9 Million by 2028, rising at a market growth of 2.9% CAGR during the forecast period.
- A synchronous condenser is a DC-excited synchronous machine (giant spinning generator) whose shaft is not connected to any driving equipment.
- In 2021, the refurbished synchronous condenser segment garnered a significant revenue share of the synchronous condenser market.
- In 2021, the hydrogen-cooled synchronous condenser segment acquired the highest revenue share of the synchronous condenser market.