Shunt Reactor Market – Expected to Reach $3.1 Billion by 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Shunt
Reactor Market – Global Forecast to 2022" report has been added
to Research and Markets' 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 growing
focus toward grid reliability and energy loss minimization during
transmission led to the introduction and development of alternative
technologies such as FACTS (Flexible AC Transmission System) and HVDC
systems act as restraints for the shunt reactor market.

Oil-immersed reactors are expected to be the largest market during the
forecast period. The increase in the demand for electricity and rising
investments in the T&D infrastructure leads to the addition of high
voltage transmission lines to meet the demand for electricity. Thus,
with an increase in the T&D infrastructure, the demand for oil-immersed
reactors is expected to increase.

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. This would also lead to
rising investments toward strengthening the grid along with supporting
infrastructures such as transformers and reactors. As the demand for
electricity rises, the electric utilities would require more reactors.

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

For more information about this report visit https://www.researchandmarkets.com/research/7h7p2l/shunt_reactor

Contacts

Research and Markets
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