Global Synchronous Condenser Market (2020 to 2025) - Expanding High-Voltage Direct Current (Hvdc) Network Presents Opportunities
Share this article Share this article ResearchAndMarkets.com's offering. The global synchronous condenser market is projected to reach USD 574.0 million by 2025 from an estimated USD 508.4 million in 2020, at a CAGR of 2.5% during the forecast period. The increasing electrical power consumption and rising need to maximize transmission capacity are becoming increasingly important. Along with this, growing renewable-based power generation in the energy mix, retiring conventional power plants, and growing network of High-Voltage Direct Current (HVDC) has had a considerable effect on transmissi...
Source: prnewswire.com