Shunt Reactor market was valued at 2040 Million US$ in 2018 and is projected to reach 2880 Million US$ by 2025, at a CAGR of 4.4% during the forecast period.
A shunt reactor is an absorber of reactive power, thus increasing the energy efficiency of the system. It is the most compact device commonly used for reactive power compensation in long high-voltage transmission lines and in cable systems.
Asia Pacific is currently the largest market for shunt reactors, followed by North America and Europe. China accounted for a majority share in the Asia Pacific region and is projected to grow at the highest CAGR from 2018 to 2023. In developing countries such as China and India, factors such as strong growth in the demand for electricity fueled by high levels of urbanization, industrialization, infrastructural developments, and subsequent investments in developing T&D networks, would spur the demand for shunt reactors. The figure below shows the market sizes for all the regions from 2018 to 2023.
In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Shunt Reactor.
This report presents the worldwide Shunt Reactor market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The following manufacturers are covered in this report:
- Crompton Greaves
- Fuji Electric
- Mitsubishi Electric
- Nissin Electric
- Trench Group
- Beijing Power Equipment Group
Shunt Reactor Breakdown Data by Type
Shunt Reactor Breakdown Data by Application
- Electric Utilities
- Industrial Verticals
– Table of Contents
– List of Tables & Figures
– Research Methodology
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Shunt Reactor Production by Region
- United States
- Other Regions
Shunt Reactor Consumption by Region
- North America
- United States
- South Korea
- Rest of Europe
- Central & South America
- Rest of South America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
The study objectives are:
- To analyze and research the global Shunt Reactor status and future forecast?involving, production, revenue, consumption, historical and forecast.
- To present the key Shunt Reactor manufacturers, production, revenue, market share, and recent development.
- To split the breakdown data by regions, type, manufacturers and applications.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Shunt Reactor :
- History Year: 2014 – 2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 – 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Shunt Reactor market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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