Global Shunt Reactor Market, By Product (Air-Core Dry Type, Oil Immersed), Phase (Single Phase, Three Phase), Rating (Fixed Shunt Reactor, Variable Shunt Reactor), Application (Residential, Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Shunt Reactor Market
The shunt reactor market is expected to witness market growth at a rate of 4.50% in the forecast period of 2021 to 2028, and will reach the value of USD 3,400.38 million by 2028. Data Bridge Market Research report on shunt reactor market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.The increase in demand for the product for various industrial and residential applications globally is escalating the growth of shunt reactor market.
A shunt reactorplays a crucial role in enhancing the energy efficiency of a power transmission systemby virtue of absorbing reactive power. Effective reactive power compensation is needed for High-voltage transmission lines and cable systemsto protect them from the spike in voltage levels that may lead to irreparable damage. The reactor could either be connected directly to a transmission line or to a three-winding transformer’s tertiary winding.
The increase in the investments in power transmission and distribution networks across the globe acts as one of the major factors driving the growth of shunt reactor market.The use of a shunt reactoras a valuable decision-making tool for electrical equipment manufacturers, utilities, and energy industry, and growing augmentation & modernization of transmission & distribution networks accelerate the market growth. The rise in the emphasis on reducing the loss of power during transmission and distribution, and increase in energy demand in the industrial sector is another prominent influencer behind the incorporation of shunt reactors in power generation facilities further influence the market. Additionally, expansion ofpower transmission industry, urbanization and digitization, and high demand for powerpositively affect theshunt reactor market. Furthermore, product approvals, patents and events, and joint ventures extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand,development of alternate technologies is expected to obstruct the market growth. Concerns regarding low quality products are projected to challenge the shunt reactor marketin the forecast period of 2021-2028.
This shunt reactor market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info shunt reactor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Shunt Reactor Market Scope and Market Size
The shunt reactor market is segmented on the basis of product, phase, rating and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the shunt reactor market is segmented intoair-core dry type and oil immersed.
- On the basis of phase, the shunt reactor market is segmented into single phase and three phase.
- On the basis of rating, the shunt reactor market is segmented into fixed shunt reactor and variable shunt reactor.
- On the basis of application, the shunt reactor market is segmented into residential and industrial.
Shunt Reactor Market Country Level Analysis
The shunt reactor market is analyzed and market size, volume information is provided by country, product, phase, rating and applicationas referenced above.
The countries covered in the global shunt reactor market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the shunt reactor market due to theincrease in demands from the automobile industry and presence of manufacturers within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of therising innovations in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Shunt Reactor Market Share Analysis
The shunt reactor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to shunt reactor market.
The major players covered in the shunt reactor market report areABB, Siemens, General Electric, Crompton Greaves Consumer Electricals Limited., Zaporozhtransformator, Fuji Electric Co., Ltd., Toshiba India Pvt. Ltd., Mitsubishi Electric Corporation, NISSIN ELECTRIC Co.,Ltd., CG Power and Industrial Solutions Limited,TBEA, Trench Group, Hilkar, Alstom, Hyundai Heavy Industries Co., Ltd., and Hitachi, Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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