Europe Shunt Reactors Market 2021 Strategic Assessments - Siemens AG, CG Power and Industrial Solutions Limited, Mitsubishi Electric Corporation

The research report studies the Europe Shunt Reactors market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each place is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The data analysts have used primary and secondary methodologies to consolidate the information in the report.. They have also used the same data to generate the current business scenario.

The Europe Shunt Reactor Market is expected to register a CAGR of approximately 8% during the forecast period (2021 - 2026).

Top Leading Companies of Europe Shunt Reactors Market are Siemens AG, CG Power and Industrial Solutions Limited, Mitsubishi Electric Corporation, Fuji Electric Co., TBEA Co. Ltd., Hitachi Ltd., Hyundai Heavy Industries Co. Ltd., Hyosung Corporation, Alstom SA, and others.

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Industry News and Updates:

- June 2020 - Semco Maritime awarded Siemens with an order on equipment for the electrical service platform at the planned 1.6-GW Mayflower Wind project. The equipment will include three 275 kV / 265 MVAr shunt reactors, a 72 kV HV gas-insulated switchgear (GIS), three 275 kV MV GIS systems, an integrated conditioning monitoring system, and SCADA and protection systems.

Key Market Trends (Europe Shunt Reactors)

United Kingdom Expected to Dominate the Market

- The United Kingdom is one of the primary industrial countries in Europe, which is home to various manufacturing industries whose energy needs are increasing rapidly. According to the UK Department for Business, the final energy consumption of industry in the United Kingdom by 2035 in electricity is expected to reach 5,928 thousand metric tons of oil equivalent, whereas renewables are expected to reach 1,223 thousand metric tons of oil equivalent.
- Moreover, the country is observing significant investments in the expansion and upgradation of its existing transmission and distribution network. For instance, Britain's energy market regulator Office of Gas and Electricity Markets (Ofgem) has given permission to National Grid to build a power grid upgrade to connect the new Hinkley Point C nuclear power station in Somerset.
- Besides, the country is increasingly investing in a smart grid. The UK government recently pushed the deadline for its EUR 13 billion smart energy metering rollout by four years to 2024. As of December 2019, there were 16.5 million smart and advanced meters operating in homes and businesses across Britain.
- Owing to such growing renewable energy investments in the region, the shunt reactor vendors are also focusing their offerings to the industry requirements. Siemens in the United Kingdom has built one of the largest variable shunt reactors featuring a rating of 120-300 MVAr and a rated voltage of 220 kV, weighing 317 metric tons and measuring approximately 10x8.5x8 meters.            

Scope of the Report:

This Europe Shunt Reactors market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading key players encompassing their successful marketing strategies, market contribution, recently developments in both historic and present contexts.

The regions are further sub-divided into:

-North America  – US, Canada, and Mexico
-Europe  – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific  – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America  – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa – Saudi Arabia, UAE, Israel, South Africa

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Key Questions Answered in the Global Europe Shunt Reactors Industry Report

What will be the Europe Shunt Reactors market size?
What are the new opportunities?
What is the market share?
What are targeted audiences?
Which are the top players in Europe Shunt Reactors market?
How the competition goes in the future?
Which are the leading countries?
What are the challenges in future?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. Further, it also allows you to do valuable competitor research to get inspiration for marketing the products. When it comes to satisfaction, it is necessary to get definitive idea about what is exactly going in the market. This report exactly provides overall market scenario.

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