Shunt Reactor Market Analysis, Growth and Global Outlook 2021 to 2027 - ABB, Siemens, Crompton Greaves, GE, Zaporozhtransformator, Fuji Electric
The “Shunt Reactor” Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The Global Shunt Reactor Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles, product picture and specification, capacity, production, price, cost, revenue, and contact information. The Shunt Reactor Market report provides an in-depth study of SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization.
The global Shunt Reactor Market is expected to grow at a CAGR of 6.1% during forecast period (2021-2027).
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Top Key Players in the Global Shunt Reactor Market are ABB, Siemens, Crompton Greaves, GE, Zaporozhtransformator, Fuji Electric, Toshiba, Mitsubishi Electric, Nissin Electric, TBEA, Trench Group, Hilkar, Beijing Power Equipment Group and HYOSUNG, and others.
Industry News and Update:
- June 2020 - Siemens announced that Danish customer Semco Maritime has tapped it to provide the main electrical equipment for the electrical service platform (ESP) for the offshore wind project, Mayflower Wind LLC. The 1.6-GW project is situated in a central lease area near Massachusetts, United States. Siemen aims to supply components for Semco Maritime by 2022, and the contract includes delivery of three 275 kV / 265 MVAr shunt reactors.
- April 2020 - ABB Ltd, through its Power Grids business, has signed a five-year framework contract with Colombia-based electric transmission company Interconexion Electrica SA ESP (ISA) for the supply of crucial power equipment for ISA’s South American operations. The deal is estimated to be worth some USD 100 million (EUR 91.5m) and will cover the supply of shunt reactors, gas-insulated switchgear (GIS), air-insulated switchgear (AIS) equipment.
The increasing demand for electricity, upgrading of the aging technology in developing countries, and the addition of high voltage transmission lines are the driving factors for the Shunt Reactor Market. The growing focus toward grid reliability and energy loss minimization during transmission led to the introduction and development of alternative technologies such as FACTS (Flexible AC Transmission System) and HVDC systems act as restraints for the Shunt Reactor Market. The existing transmission and distribution networks utilized in most of the developed nations rely on aging infrastructure and outdated technologies that struggle to meet the current and future growing demand.
This report provides an all-inclusive environment of the analysis for the Global Shunt Reactor Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Global Shunt Reactor Market growth.
Investigator Observers Strong Growth in Specific Regions:
– North America (United States, Canada, Mexico)
– Europe (Germany, UK, France, Italy, Spain, Russia)
– Asia-Pacific (China, Japan, South Korea, Australia, India)
– South America (Brazil, Argentina, Columbia)
– The Middle East and Africa (UAE, Egypt, South Africa)
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Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Shunt Reactor Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Frequently Asked Questions about Shunt Reactor market:
– Who are the key players operating in the Shunt Reactor market?
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– At What CAGR is the market projected to grow in the forecast period (2021-2027)?
– What is the key factor driving the market?
– Which data rates would lead the market during the forecast period?
– Which region is expected to dominate the Shunt Reactor market in the next five years?
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