Global Shunt Reactor Market

By Author: arti ghodke
Total Articles: 227
Comment this article

Global Shunt Reactor Market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2026 at a CAGR of 4.5% from 2020 to 2026.

The shunt reactor is the same as the power transformer but it has only one winding per phase as compared to the power transformer. Shunt reactors are used to increase the power and energy system efficiency as it absorbs & compensates the reactive power in cables and long high voltage transmission lines. The maximum rated voltage of the shunt reactors is nowadays 800 kV and rated power goes up to 300 MVA. Same like power transformers, shunt reactors may be designed like Oil-immersed and Dry-type the transformer as well.
Global Shunt Reactor Market Dynamics:

Growing energy demand to drive Shunt Reactor Market

The global energy demand is increasing at an accelerating thus, many governments and power sector companies are focusing on improving the continuous power supply need. They are investing more in the up-gradation of traditional power systems into modern power systems which in turn has made a positive impact on the shunt reactor market. The market growth ...
... is attributed to increasing FDI investing, globalization, growth in the power sector, or growing transmission and distribution industry. The shifting trend towards renewable energy for instance, with the growing demand for electric vehicles, has created many lucrative opportunities for the key players operating in this market.

To stay competitive in the industry, major manufacturing companies such as Siemens, ABB, Crompton Greaves, Zaporozhtransformator, General Electric, Nissin Electric, Toshiba, and Mitsubishi is investing in the development of a strong distribution network. In addition, to lead the global market for shunt reactors with the highest market share, they are employing business strategies such as strategic partnerships, technological innovations, distribution contracts, gaining technical skills, patents, and events, product approvals, joint ventures, partnership deals, digital marketing, collaborations, mergers, and acquisitions, power utilisations, and so on.

The deployment of shunt reactors and other electrical is increasing with the increasing number of substations. Low environmental risks, shorter lead times, reduced weight, no threat of busing failure, lower operations and maintenance costs, and no associated fire hazard are other key factors that are supporting the market growth. Lack of implementation of government policies may slow down the market growth.

The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the North America. Major country’s policies about manufacturing and their impact on Shunt Reactor demand are covered in the report.
Global Shunt Reactor Market Segment Analysis

Global Shunt Reactor Market

To know about the Research Methodology :- Request Free Sample Report
The electric utilities segment is expected grow at a CAGR of xx% during the forecast period.

Based on the end-users, in 2019, the electric utility end-users segment holds the largest market share of xx% in 2019 and it is estimated to reach USD$ XX Mn by 2026. In emerging economies, the electricity demand is increasing at a rapid pace thanks to the urbanizations and government favorable policies which is driving the market growth. In addition, many developing countries are planning to expand their power generation capacity, as well as the ever-growing need for electricity from various end-use industries, which has created many lucrative opportunities for the key player operating in the market.
Global Shunt Reactor Market Regional Insights:

Global Shunt Reactor Market 1
Asia Pacific to witness high market growth rate and is expected to grow at a CAGR of xx% by 2026

The Asia Pacific is expected to hold the largest share of the global Shunt Reactor market. To meet the need for electricity, countries are turning to renewable energy sources such as building power plants. This will result in increased investments in the grid as well as supporting facilities such as transformers and reactors. Electric utilities will need more reactors as the demand for electricity grows. The growth of electricity demand is expected to drive the Shunt Reactor market especially high in developing economies. Government policies, market dynamics, and available technology have all combined to set the stage for a change in electricity supply toward low-carbon sources, with their share rising from 36% today to 52% in 2040. Rising digitalization and electrification were partially offset by increases in energy efficiency. Increasing wages, expanding industrial production, and a growing services sector all drive demand higher in developing economies. By 2040, developing economies will account for nearly 90% of global electricity demand growth.

The objective of the report is to present a comprehensive analysis of the global Shunt Reactor market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Shunt Reactor market dynamics, structure by analyzing the market segments and project the global Shunt Reactor market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Shunt Reactor market make the report investor’s guide.
Recent Development:

• W.E.G., a multinational electrical engineering company, reported in February 2020 that it had signed an agreement with Transformadores e Serviços de Energia das Américas S.A. (TSEA) to purchase one of its transformer factories in Betim, Minas Gerais, Brazil. The factory's manufacturing facilities, vehicles, and machinery cover 32,500 square metres. Power transformers, shunt reactors, and power autotransformers with voltage classes up to 800kV and power levels up to 500MVA are manufactured at the plant.
• In September 2019, Kuwait's Ministry of Electricity and Water (MEW) invited nine eligible contractors to submit proposals for performing maintenance and repair work at various 400kV, 300kV, and 132kV substations. Maintenance and repair of the following major facilities, as well as related equipment, are included in the project scope of work: shunt reactors with voltage levels of 300kV, 132kV, and 33kV. United Gulf Enterprises General Trading & Contracting Co. W.L.L. (UGETCO), a Kuwaiti construction company, has submitted the lowest bid of KWD 123.1 million.
Merger and Acquisition:

• Zaporozhtransformator PJSC has signed agreement with Tokmak Solar Energy Ltd., for delivery of its transformer - TRDN-32000/150-Y1.
• Siemens AG has acquired order from Semco Maritime for supply of key electrical equipment for electrical service platform (ESP) at 1.6-GW Mayflower Wind offshore wind farm project. The contract comprise of high-voltage equipment such as integrated conditioning monitoring system, three shunt reactors, and gas-insulated switchgear (GIS).
Global Shunt Reactor Market Scope:
Inquire before buying

Global Shunt Reactor Market 2
Global Shunt Reactor Market, by Region

• North America
• Europe
• Middle East & Africa
• Asia Pacific
• South America
Global Shunt Reactor Market Key Players

• Zaporozhtransformator
• Siemens AG
• ABB
• Crompton Greaves
• Hyundai Heavy Industries
• Fuji Electric Co. Ltd
• Mitsubishi Electric Corporation
• TBEA
• TRENCH Group
• Hilkar
• General Electric
• Toshiba
• Nissin Electric
• BEIJING POWER EQUIPMENT GROUP CO LTD
• CG Power Systems
• Edit Elektronik
• ENTES Elektronik Cihazlar
• Etamatis Enerji
• Hyosung Power & Industrial Systems PG - Industrial
• Hitachi
• Alstom SA
For More Information Vist : https://www.maximizemarketresearch.com/market-report/shunt-reactor-market/1161/
Report Is Submitted By : Maximize Market Research Company
Customization of the report:
Maximize Market Research of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.