Europe Shunt Reactors Market 2021 Insights with Statistics and Growth Prediction - Siemens AG, CG Power and Industrial Solutions Limited, Mitsubishi Electric Corporation

The Europe Shunt Reactors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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

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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.

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

Electric Utilities Expected to Gain Maximum Adoption

- The investments in upgrading Transmission and Distribution infrastructure in Europe are on the rise; for instance, Italian transmission system operator Terna has procured a EUR 490 million as a loan from European Investment Bank (EIB) to modernize its electricity transmission grid in Italy.

- Also, according to the estimation of the members of the Federation of Associations of Energy Utility Companies (ACUE), the Romanian electricity and gas distribution networks need an investment of over EUR 10 billion in the long-term to replace the outdated infrastructure in order meet EU standards for power transmission and distribution.

- The European Project of Common Interest (PCI) aims at optimizing the efficiency of the Croatian and Slovenian electricity transmission grids through the application of advanced technologies. In December 2019, the ELES substation in Diva?a had been equipped with a variable shunt reactor, in collaboration with Siemens. As per the contract, Siemens supplied and installed a variable shunt reactor (VSR) 0f 150 Mvar.

Regional Outlook of Europe Shunt Reactors Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Europe Shunt Reactors Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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