According to The Insight Partners research report, our latest market study on “Synchronous Condenser Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Cooling Type, Reactive Power Rating, Starting Method, and Application,” the 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.