Press release
Shunt Reactor Market Revenue and Share by Top Companies by Forecast 2027 | ABB Limited , Alstom , Siemens AG , Crompton Greaves , Tebian Electric Apparatus Stock Company Ltd.
The growing attention and substantial investment in renewable power energy generation is rigorously driving the global Shunt Reactors market. Major economies around the world are highly focusing on developing the renewable energy power generation so as to reduce their dependency on conventional power generation through fossil fuels. Renewable energy currently holds a substantial share in total global energy production. In 2016, World Energy Council quoted that, hydropower accounted for about 30% of the total global installed power generating capacity and about 23% of total global electricity produced.
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Prominent Players of Shunt Reactor Market:-
Some of the key players in the Shunt Reactor market are Zaporozhtransformator (Ukraine), ABB Limited (Switzerland), Alstom (France), Siemens AG (Germany), Crompton Greaves (India), Tebian Electric Apparatus Stock Company Ltd. (China), Hyundai Heavy Industries (Korea), Fuji Electric (Japan), Mitsubishi Electric Corporation (Japan), and Toshiba (Japan).
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.
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.
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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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