Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Oct 23, 2019 4:34 PM ET

Shunt Reactor Market Revenue to Hit $3.19 Billion by 2022 at a CAGR of 4.56% from 2017 to 2022




iCrowd Newswire - Oct 23, 2019

According to the new market research report Shunt Reactor Market by Type (Oil-Immersed and Air-Core), Application (Variable Reactors and Fixed Reactors), End-User (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific, and South America) – Global Forecast to 2022″, The shunt reactor market is expected to grow from an estimated USD 2.56 Billion in 2017 to USD 3.19 Billion by 2022, registering a CAGR of 4.56% from 2017 to 2022. The global market for shunt reactor is driven by the rising demand for electricity for power generation, and the addition of high voltage transmission networks. Also, upgrading aging technology in the developed nations is expected to drive the shunt reactors market as they are used to stabilize the system voltage during load variations by absorbing excess reactive power generated in the transmission network.

 

Oil-immersed – the largest shunt reactor market by type

 

The oil-immersed type of shunt reactors dominated the global shunt reactors market. Majority of demand for oil-immersed type of shunt reactors is attributed to the addition of high voltage transmission lines, globally. Furthermore, rapid transmission and distribution infrastructure augmentation process in the developing countries of Asia-Pacific will increase the demand for oil-immersed shunt reactors.

 

Browse and in-depth TOC on “Shunt Reactor Market”

 

70 – Tables

32 – Figures

119 – Pages

 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=88691138

 

“The variable reactors segment is expected to be the fastest growing segment during the forecast period”

Variable shunt reactors are used in high voltage energy transmission systems to stabilize the voltage during load variations. Variable reactors are advanced form of shunt reactors and preferred over traditional reactors. Variable shunt reactors reduce voltage jumps resulting from switching in and out and to improve interaction with other transmission equipment. Also, variable reactors provide benefits to stabilize the voltage of systems. These factors along with increase in investment for T&D infrastructure will propel the demand for variable shunt reactors.

“Asia Pacific: The leading market for shunt reactors”

Asia Pacific dominated the shunt reactor market in 2016. The increasing demand for shunt reactors in Asia Pacific is attributed to the increasing investments in utilities, which in turn, results in improvements in grid reliability and an increase in the number of electricity supply plans. China dominates the market for shunt reactors in the Asia Pacific region, owing to increased investments in the transmission sector. These investments are driven by the considerable demand for electricity. The market reforms in the country are encouraging even private participants to invest.

 

Request for sample pages of the report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=88691138

 

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the key players in the shunt reactor market including GE (US), Siemens (Germany), ABB (Switzerland), and Fuji Electric (Japan). Leading players in the shunt reactor industry are trying to penetrate the developing economies in Asia-Pacific region.

 

Browse reletaed reports:

 

HVDC Converter Station Marketby Configuration (Monopolar, Bi-Polar, Back-to-Back, Multi-Terminal), Technology (LCC, VSC), Component (Valve, Converter Transformer, Harmonic Filter, Reactor), Power Rating, and Region – Global Forecast to 2022

 

Centrifugal Pump Marketby Type (Overhung Impeller, Vertically Suspended, and between Bearing), Stage (Single Stage, Multistage), End-User (Water and Wastewater, Chemicals, Oil & Gas, Power, Commercial and Residential), and Region – Global Forecast to 2022

 

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

 

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

 

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Contact Information:

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]






Keywords:    shunt reactor market, shunt reactor, shunt reactor industry, shunt reactor market size,shunt reactor market share, shunt reactor market forecast, shunt reactor market revenue

Tags:    Extended Distribution, Wire, Research Newswire, English