Shunt Reactor Market - Global Industry to Lead in Terms of Market Share Through 2020 - 2025 | Mitsubishi Electric Power Products, Inc., ABB Ltd, Siemens AG, CG Power, Fuji Electric Co., Ltd., General Electric Company
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Global Shunt Reactor Market: Notable Development
Global Shunt Reactor market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.
The global Shunt Reactor market is highly consolidated. And, key players in the global Shunt Reactor market are Mitsubishi Electric Power Products, Inc., ABB Ltd, Siemens AG, CG Power, Fuji Electric Co., Ltd., General Electric Company, TBEA Co., Ltd, HICO America, Nissin Electric Co., Ltd, Zaporozhtransformator, and others.
Global Shunt Reactor Market: Key trends and driver
Shunt reactor market will grow at a healthy rate. Eyeing the environmental concerns, use of cables is increased in off-shore wind parks and overhead lines. However, cables generate reactive power than overhead lines, which necessitates use of shunt reactor for transmitting active power in the grid. Besides, the demand for shunt reactors in remote villages (located close to the sub-station) is high, without the need for a high voltage step down transformer.
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Global Shunt Reactor Market: Regional Analysis
On the geographical front, global Shunt Reactor market is segmented into North America, Latin America, Eastern Europe, Western Europe, Middle East & Africa, and Asia-Pacific. The Asia-Pacific region dominated the market for the year 2018, and the region is also expected to grow at the highest growth rate during the forecast period. North America is the second-largest market closely followed by the Europe region.
Segment Overview of Global Shunt Reactor Market
o Oil-immersed Shunt Reactor
o Air-Core Dry Shunt Reactor
o Electrical Utilities
o Industrial Verticals
o North America
o Rest of Europe
o Asia Pacific
o Rest of APAC
o South America
o Rest of Latin America
o Middle East and Africa
o Saudi Arabia
o South Africa
o Rest of MEA
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