Global Shunt Reactor Market Research Report and Forecast

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Global Shunt Reactor

Market Research Report

and Forecast 2021-2026

Author: Elena Anderson,

Marketing Manager |

IMARC Group

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Report Description

About

IMARC Group

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Report Description

Report Description and Highlights

Global Shunt Reactor Market Outlook 2026:

As per the latest report by IMARC Group, titled “Shunt Reactor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global shunt reactor market reached a value of US$ 3.1 Billion in 2020.

A shunt reactor is an electronic device that absorbs excess reactive power that is generated by overhead lines under low-load conditions.

This assists in stabilizing the voltage and increasing the overall efficiency of the power supply system. A shunt reactor can be directly connected to the power line or a tertiary winding of a three-winding transformer.

It is often switched in and out on an everyday basis, keeping into consideration the load situation in the system. As it requires low maintenance and operating costs, it is widely utilized in different sectors.

Request for a free sample report: https://www.imarcgroup.com/shunt-reactor-market/requestsample

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Report Description

Report Description and Highlights

Global Shunt Reactor Market Trends:

The market is currently experiencing stable growth on account of the continually escalating demand for energy across the globe. This can be accredited to rapid urbanization, the growing global population and boosting sales of consumer electronics.

Besides this, the increasing need for efficient power systems to ensure an uninterrupted supply of power is strengthening the shunt reactor market growth.

Moreover, as the utilization of shunt reactors is associated with reduced carbon footprint and voltage jumps, their demand is rising worldwide. Furthermore, governing agencies in numerous countries are financing the upgradation, as well as setting up of new transmission and distribution networks.

They are also investing in smart grid technologies, which is further contributing to the growth of the market.

Apart from this, leading players operating in the industry are increasing their investments in research and development (R&D) activities to develop high voltage transmission systems, which is anticipated to fuel the market growth in the upcoming years.

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Market Summary:

Breakup by Type: • Oil-Immersed • Air-Core Breakup by End-User: • Electric Utilities • Industrial Verticals Breakup by Application: • Variable Reactor • Fixed Reactor

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Breakup by Region: • North America • Europe

• Asia Pacific • Latin America

• Middle East and Africa

On account of these factors, the market is expected to witness robust growth during the forecast period (2021-2026).

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Competitive Landscape With Keyplayer: • ABB Ltd.

• General Electric (GE) Company • Siemens AG

• Nissin Electric Co. Ltd.

• PrJSC Zaporozhtransformator

• CG Power and Industrial Solutions Limited • Alstom SA

• Hyundai Heavy Industries Co. Ltd. • Mitsubishi Electric Corporation • Hitachi Ltd.

• Toshiba Corporation • Hilkar Electric Limited • Fuji Electric Co, Ltd. • TBEA Co. Ltd.

• Trench Group.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/shunt-reactor-market

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A partial List of our Clients

We are the trusted business partners to theworld's leading corporates, governments, and institutions

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A partial List of our Clients

We are the trusted business partners to theworld's leading corporates, governments, and institutions

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Report Description

Report Description and Highlights

This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been

based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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