The synchronous condensermarket was valued at $57.64 million in 2019 and is expected to reach $588 million in 2027. It is expected to grow at an annual average of 2% from 2021 to 2027. This growth is due to increased renewable generation, long service life and increased demand for power factor correction. Existing and planned […]
Tag Archives: Synchronous Condenser Market
Synchronous Condenser Market is projected to reach USD 606 million by 2027 from an estimated USD 549 million in 2019, at a CAGR of 2%. The growing demand for power factor correction and the increasing demand for renewable power generation are the main drivers of the synchronous capacitor market. Along with this, increasing renewable-based generation […]