The synchronous condenser market size was valued at $568.9 million in 2020, and is projected to reach $751.0 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030. A synchronous condenser, also known as a synchronous capacitor or synchronous compensator, is a type of electrical device used in power systems to provide …
Continue reading “Understanding the Importance of Synchronous Condenser Market in Power Systems”
Allied Market Research published a new report, titled, Synchronous Condenser Market garnered $568.9 million in 2020, and is expected to reach $751.0 million by 2030, witnessing a CAGR of 2.8% from 2021 to 2030. The report offers an extensive analysis of changing market dynamics, top investment pockets, key segments, regional scenarios, and competitive scenarios. Increase …
According to the report published by Allied Market Research, the global synchronous condenser market garnered $568.9 million in 2020, and is expected to reach $751.0 million by 2030, witnessing a CAGR of 2.8% from 2021 to 2030. The report offers an extensive analysis of changing market dynamics, top investment pockets, key segments, regional scenarios, and …
The synchronous condenser market is projected to reach $751.0 million by 2030, growing at a CAGR of 2.8% from 2021 to 2030.Synchronous condenser is the device used to generate or absorb reactive power as per the need for stabilization of electric utilities. It is an alternative to capacitor bank to correct the power factor in …
Continue reading “Synchronous Condenser Market Business Growth and Industry Development by 2030”