Synchronous Condenser Market Size: Future Growth, Share, New Investments, In-Depth Survey, Industry Demand 2032

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Global synchronous condenser market size was USD 662.6 million in 2022 and is expected to register a rapid revenue CAGR of 2.5% during the forecast period. Increasing use of renewable and sustainable energy sources and rising requirement of Power Factor Correction and investments in developing Transmission And Distribution infrastructures and capacity additions are key factors.

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