Global Shunt Reactor Types & Applications Market Is Expected to Reach $3.4 Billion by the Year 2022
The Global Shunt Reactor market is valued at $1.94 billion in 2015 and is expected to grow at a CAGR of 8.5% to reach approximately $3.4 billion by 2022. In power system, shunt reactors are used to absorb the reactive power and thus efficiency of energy is increased. They are also used in transmission lines to improve the quality of power and decrease the transmission costs. Addition of high voltage transmission lines, increased energy efficiency, improved power quality and use...
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