Shunt Reactor Market Was Valued at US$ 1,996.9 Mn in 2015, and Is Expected to Register a CAGR of 8.6% from 2016 to 2026
According to a recent market report published by XploreMR titled, "Shunt Reactor Market: Global Industry Trend Analysis and Opportunity Assessment, 2016–2026" the global shunt reactor market was valued at US$ 1,996.9 Mn in 2015, and is expected to register a CAGR of 8.6% from 2016 to 2026. Emergence of micro grids and interconnection of local and regional grids are the major factors expected to drive the growth of the global market for shunt reactor.
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