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The needs for greater Ecosystem Energy Collaborations- Can We Change Our Thinking?

The narrative is provided in the posts and considers mitigation, sustainable practices and behaviours, technical advancements, combining expertise and resources, and the combined "weight" of market leverage to enter new markets, extend existing ones, and expand the customer base.

South America Synchronous Condenser Market 2021: Future Growth, COVID-19 Impact, Manufacturers, Demands and Revenue Report scrutinized in the new analysis – KSU

South America Synchronous Condenser Market 2021: Future Growth, COVID-19 Impact, Manufacturers, Demands and Revenue Report scrutinized in the new analysis – KSU
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Worldwide Synchronous Condenser Industry to 2027 - Converting the Existing Synchronous Generators into Synchronous Condensers Presents Opportunities

Share this article Share this article ResearchAndMarkets.com s offering. According to this report the global synchronous condenser market was valued at US$ 507.64 million in 2019 and is projected to reach US$ 580.28 million by 2027; it is expected to grow at a CAGR of 2.6% from 2020 to 2027. The demand for traditional power generating sources is declining with aging power generation plants, decommissioning, environmental regulations, increasing competition from gas-fired turbines, and renewable energy sources. Several aged coal-fired power plants across North America and Europe are being shut down owing to these factors. For instance, in 2019, 8.3 GW worth of capacity retirements took place, of which 53% were coal. Withdrawing a power generation unit decreases a plant s capacity for reactive power. There is a growing trend of turning aging power plants into synchronous condensers to stabilize the grid systems. These synchronous condensers provide the reactive power needed for ar

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