Press release
Shunt Reactor Market 2018 Global Key Leaders: ABB Limited (Switzerland), Alstom (France), Siemens AG, Mitsubishi Electric Corporation
The Global Shunt Reactors Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Shunt Reactors will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2018 - 2027).
Shunt reactors increase efficiency in the transmission line. This resulted into the growing transmission and distribution business which directly translates into increase in demand for the shunt reactors. Global rise in the demand for energy is one of the prime factors driving the market. Rapid increase in the infrastructural activities in the Asia-Pacific region is further going to push the demand in the shunt reactor market.
Top Key Players:-
• ABB Limited
• Alstom
• Siemens AG
• Tebian Electric Apparatus Stock Company Ltd.
• Hyundai Heavy Industries
• Fuji Electric
• Mitsubishi Electric Corporation
• Toshiba (Japan).
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/1149
Shunt Reactors Market – Segmentation
The Global Shunt Reactors Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Oil Immersed and Air-Core Dry.
Segmentation by Application : Comprises Electrical Utilities and Industrial Verticals
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Industry/ Innovation/ Related News:
Feb, 2014 - ABB, the leading power and automation technology group, won orders worth around $56 million from Power Grid Corporation of India Ltd., India’s central power transmission utility, to supply power transformers and shunt reactors for substations being built to support the country’s ultrahigh voltage transmission grid development. The orders were booked in the fourth quarter of 2013 and in the first quarter of 2014.
January, 2014– Alstom Grid in Turkey will supply two shunt reactors for TenneT, the transmission system operator for Germany and the Netherlands, to improve grid stability across its transmission lines. These shunt reactors will be the first manufactured by Alstom’s Gebze site for the German market and are due for commissioning in 2015.
December, 2013 - Alstom T&D India won an order worth approximately INR 790 million (€9 million) from Powergrid Corporation of India Limited (PGCIL) to provide 14 shunt reactors for the 765 kV electrical substations at Kanpur and Jhatikara in the Uttar Pradesh state. The projects were due for delivery in 2015.
Regional Analysis of Shunt Reactor Market
Increased investment in utilities in the Asia-pacific region is one of the main sources of increased demand in the shunt reactors market. Increasing number of transmission and distribution projects undertaken in this region is pushing the sales in the market. North America closely follows Asia-Pacific in terms of demand mainly due to a well-established transmission and distribution sector.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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