The Shunt Reactor Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.
Los Angeles, CA -- (SBWIRE) -- 03/14/2019 -- 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.
The global Shunt Reactor market is valued at 2040 million US$ in 2018 is expected to reach 2880 million US$ by the end of 2025, growing at a CAGR of 4.4% during 2019-2025.
This report focuses on Shunt Reactor volume and value at global level, regional level and company level. From a global perspective, this report represents overall Shunt Reactor market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
ABB
Siemens
Crompton Greaves
GE
Zaporozhtransformator
Fuji Electric
Toshiba
Mitsubishi Electric
Nissin Electric
TBEA
Segment by Type
Oil-Immersed
Air-Core
Segment by Application
Electric Utilities
Industrial Verticals
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