The estimated market size for the synchronous condenser is USD 591 million at a 2.6% CAGR, by 2028. It is a synchronous machine used to improve power factors to regulate voltage variation. A machine with a DC-excited synchronous motor added shaft that spins independently. It can easily adjust the power factor. The improvement in power factor can reduce the power consumption, voltage drop in long wires, power loss in transformers, and more. It can provide the full strength of the power plant to supply electricity with full capacity and reduce the current demand from the supply. Through the excitation limiters, the synchronous condenser can regulate current and voltage stability in the system. Which is used in the modern-day power grids or renewable resources sites like Solar Farms, Wind Farms, hydropower farms, nuclear power plants, and coal-fired plants, where electricity is created or electricity distribution networks.
The scope of the synchronous market is under the high voltage equipment market, STATCOM market, power transformer market, synchronous motor market, synchronous generator market, Static VAR compensator market, and Shut reactor market. The synchronous condenser market is segmented into three cooling types air-cooled, hydrogen-cooled, and water-cooled.
Under Excitation – when the motor is operated as a lagging power factor, it draws a lagging current from the system and provides a leading current and it acts as an inductor. It is used to prevent the field current values lower than the stability.
Over Excitation – when the motor is working at a leading power factor where the motor draws a leading current, and it acts as a capacitor. It is caused by the high field current for a long time and caused by the high temperature in the system.
We use Synchronous Condenser to regulate voltage variation and for power factor correction. we use Synchronous Condenser so that the current and voltage lead at a 90o angle and to improve the stability of the system. The continued operation increases the heat and reduces the efficiency of the system, and a synchronous condenser is used to cool down the system and maintain the voltage desired. Without power factor correction we cannot get the appropriate output, the use of power factor correction through a synchronous condenser is an urging need for society to reduce power losses.
In this article, the importance of a synchronous condenser and its advantages and disadvantages are studied. A synchronous condenser can perform a major task in the development of electricity through renewable resources. It can perform a key role to save power losses. The conversion of the old power plants into the synchronous condenser is being performed in North America and Europe, it can eliminate the dependency on the thermal power plant. Synchronous condensation has a high maintenance cost. There was a lot of substitutes for synchronous condenser like STATCOM, which is to regulate voltage variation. But does not provide the perfect voltage variation. A synchronous condenser is an ideal machine to use to get reliable outputs. Besides the high maintenance cost of a synchronous condenser, it is highly used in renewable resource sites for electricity development due to its advantages. It can provide a high short circuit withstand limit. A synchronous condenser is used to provide VARS adjustment, which can counter the voltage depression. And it is the VAR compensator through changing field excitation. Overall, the use of Synchronous Condenser use is increased in large megacities can boost the demand in the market. It can help to replace the non-renewable resources use with renewable resources for electricity production.