Global Shunt Reactor Market Forecast 2018-2022 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Shunt
Reactor Market – Global Forecast to 2022" report has been added
to ResearchAndMarkets.com's offering.

The shunt reactor market is estimated to reach USD 2.56 billion in 2017
and is projected to reach USD 3.19 billion by 2022, at a CAGR of 4.56%
from 2017 to 2022.

The increasing demand for electricity, upgrading of the aging technology
in developing countries, and the addition of high voltage transmission
lines are the driving factors for the shunt reactor market. Developing
nations are currently increasing their power generation capacity to
satisfy the growing energy demands. Industrialization and urbanization
are being majorly seen in the Asia Pacific region, which houses two of
the fastest growing economies in the world, India and China.

The electric utilities end-users segment is projected to have the
largest market during the forecast period. The demand for electricity is
increasing as various developing nations are engaged in expanding their
power generation capacity to provide electricity. The process of
industrialization demands the ever-growing need for electricity. The
countries are going to renewable energy sources such building power
plants to cater the demand for electricity.

The Asia Pacific region is currently the largest market for shunt
reactors, followed by North America and Europe. China accounted for a
majority share in Asia Pacific in 2014 and is projected to grow at the
highest CAGR from 2017 to 2022. The increasing demand for shunt reactors
in Asia Pacific is due to the growing investments in utilities, which
would result in improved grid reliability.

Companies Mentioned

• ABB
• Crompton Greaves
• Fuji Electric
• General Electric
• Hilkar
• Mitsubishi Electric
• Nissin Electric
• Siemens
• TBEA
• Toshiba
• Trench Group
• Zaporozhtransformator

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Shunt Reactor Market, By Type

7 Shunt Reactor Market, By End-User

8 Shunt Reactor Market, By Application

9 Shunt Reactor Market, By Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

For more information about this report visit https://www.researchandmarkets.com/research/35jf7g/global_shunt?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
[email protected]
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related
Topics: Electricity