What is Virtual Synchronous Machine Market Scope?
A Virtual Synchronous Machine is an alternative way of feeding electrical networks. The Virtual Synchronous Machine is made up of a three-phase inverter control system that acts like a synchronous generator, reaping the benefits of synchronous generators. The control system requires immediate grid voltage monitoring in order to calculate instantaneous stator currents using a synchronous machine algorithm in a Digital Signal Processor (DSP).
The Virtual Synchronous Machine market study is being classified, by Application (Power Electronic converters, Energy Storage System, Renewable Energy Sources, Controlled Voltage Source and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Virtual Synchronous Machine market throughout the predicted period.
Sintef (Norway), Freqcon GmbH (Germany), Schneider Electric SE (United States), Syndem LLC (United States), Hitachi ABB Power Grids Ltd. (Switzerland), T&D World (United States) and Maxwell Technologies (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Virtual Synchronous Machine market by Type, Application and Region.
On the basis of geography, the market of Virtual Synchronous Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In 24 Dec 2020, Syndem partner with Power America to Accelerate Manufacturing of Wide-bandgap Devices-Enabled Grid-Forming Inverters in the U.S. It will help to take use of the huge amount of knowledge and resources available in the WBG ecosystem, speeding up the pace of production in the United States and the adoption of WBG devices across our product line.
On 24 June 2021, Schneider Electric, has announced its corporate clients on over 10,000 megawatts (MW) of renewable energy Power Purchase Agreements (PPAs). This equates to more than 300 million metric tonnes of carbon emissions, or the amount of carbon stored annually by nearly 367 million acres of forest — the size of three of the four largest US states combined (Texas, California, and Montana). This significant achievement was made possible by Schneider Electric corporate clients completing more than 140 PPA contracts, making it the world's biggest publicly stated advised capacity by any third-party buyer's adviser.
Influencing Market Trend
- Integration of More Renewable Energy Sources into the Utility Grid
- Trend in Technology for Smart Grid Integration
Market Drivers
- Increasing No. of Synchronous Machine-Like Reactive Power Stimulate Need of Virtual Synchronous Machine
- Need to Provide Stability to Smart Grids while Transmitting the Power Driving the Virtual Synchronous Machine Market
Opportunities
- Adoption of Synchronous Machine that Buffers Excess Renewable Energy for a Short Period of Time will increase the Virtual Synchronous Machine Market
- Advancement in Operating Conditions of Automatic Synchronization and Power Sharing will boost the Virtual Synchronous Machine Market
Restraints
- High Use of Electricity to Control of Voltage or Reactive Power Flow
- Disruption in Continuity of Service Due to Unwarranted Power Failure
Challenges
- Complex Operation of Control Power Converters in Virtual Synchronous Machine
- Lack of Skilled Man Power to Operate Virtual Synchronous Machine
Key Target Audience
Virtual Synchronous Machine Manufactures, Virtual Synchronous Machine Distributors and Suppliers, Virtual Synchronous Machine International Traders, Research and Development Institutes, Upstream and Downstream Buyers, Financial Institutes and Investors, Regulatory Bodies and Others
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