Global Shunt Reactor Market includes top professional key companies analysis of this ABB, Siemens, Crompton Greaves, General Electric, Zaporozhtransformator, Fuji Electric, Toshiba, Mitsubishi Electric, Nissin Electric, TBEA, Trench Group, Hilkar.
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The shunt reactor market is estimated to reach USD 2.56 billion in 2017 and is projected to reach USD 3.19 billion by 2022, shunt reactor market at a CAGR of 4.56% from 2017 to 2022.
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Asia Pacific region is currently the largest market for shunt reactors, followed by North America and Europe. China accounted for a majority share in Asia Pacific in 2014 and is projected to grow at the highest CAGR from 2017 to 2022.
The increasing demand for shunt reactors in Asia Pacific is due to the growing investments in utilities, which would result in improved grid reliability.
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The addition of high voltage transmission network and rising investments in renewable sources are likely to attribute the growth of the shunt reactor market in the Asia Pacific region. Inquire For Complete Report Copy of Shunt Reactor Market by Type (Oil-Immersed and Air-Core), Application (Variable Reactors and Fixed Reactors), End-User (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific, and South America) - Global Forecast to 2022 at www.reportsnreports.com/contacts/i….aspx?name=401727
The increasing demand for electricity, upgrading of the aging technology in developing countries, and the addition of high voltage transmission lines are the driving factors for the shunt reactor market. Developing nations are currently increasing their power generation capacity to satisfy the growing energy demands.
Industrialization and urbanization are being majorly seen in the Asia Pacific region, which houses two of the fastest growing economies in the world, India and China. The growing focus toward grid reliability and energy loss minimization during transmission led to the introduction and development of alternative technologies such as FACTS (Flexible AC Transmission System) and HVDC systems act as restraints for the shunt reactor market.
On the basis of type, the shunt reactor market has been classified into oil-immersed and air-core. The oil-immersed segment is expected to grow at the fastest rate during the forecast period.
Oil-immersed shunt reactors are usually utilized for systems with a voltage profile of 72.5 kV and above and are connected directly to the high-voltage busbar/transmission network.
On the basis of end-user, the shunt reactor market has been classified into electrical utilities and industrial verticals. The electrical utilities segment dominated the global shunt reactor market in 2016.
The growth is attributed to the growing industrialization and urbanization in emerging countries across the globe, increase in investments in the T&D infrastructure, and augmentation and modernization of the T&D network. The smart grid technology and investments in renewable energy sources have generated the demand for the shunt reactor market during the recent years.
- Equipment manufacturing companies
- Raw material suppliers
- Transmission and distribution utilities
- Regulatory authorities
- Government and industry associations
- Construction industry
- Manufacturing industry
“Shunt reactor Market” spread across 119 pages, profiling 12 companies and supported with 70 tables and 32 figures is Direct Order this Report @ www.reportsnreports.com/purchase.aspx?name=401727
Leading players in this industry have been profiled with their recent developments and other strategic activities. These include GE (US), Siemens (Germany), ABB (Switzerland), and Crompton Greaves (India).
Key Point from Table of Content
6 Shunt Reactor Market, By Type
6.2 Oil-Immersed Shunt Reactors
6.3 Air-Core Shunt Reactors
7 Shunt Reactor Market, By End-User
7.2 Electric Utilities
7.3 Industrial Verticals
8 Shunt Reactor Market, By Application
8.2 Variable Shunt Reactor
8.3 Fixed Shunt Reactor
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