Press release
Asia-Pacific Shunt Reactors Market 2022 Strategic Forecasting – Precise Outlook By 2026
The Asia-Pacific Shunt Reactors Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Asia-Pacific Shunt Reactors market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Asia-Pacific Shunt Reactors market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Asia-Pacific Shunt Reactors market.Asia-Pacific Shunt Reactors Market is expected to reach a CAGR of 5.4% during the forecast period 2021 - 2026.
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Top Leading Companies of Asia-Pacific 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:
- February 2020 - Siemens bought a large stake in the Gamesa wind turbine unit. The company will be part of the new energy spinoff. Siemens acquired a major stake in the company for EUR 1.1 billion.
- November 2019 - PT CG Power Systems Indonesia (CG Indonesia), a step-down subsidiary of CG Power and Industrial Solutions Limited, has bagged an order from Indonesian state utility PT PLN (Persero) for manufacture and supply of 25 units Power Transformers valued at IDR 334 billion (USD 24 million).
Key Market Trends:
Increasing Need for Modernization of Transmission and Distribution Networks
- Public policies, economics, and technological changes are driving the accelerated rate of change in the electric power system in the Asia-Pacific region. Transformational technologies like distributed energy resources (DER) and renewables will definitely be able to use the abilities of autonomous technology as their penetration increases. Grid modernization is being needed in the power grid to accommodate all the rapid technological changes happening in the generation, transmission and distribution of electric power.
- The global energy efficiency plans have been initiated by most of the governments across the globe to satisfy international regulations by setting up energy plants to harness renewable sources of energy, such as solar and wind. This is putting new requirements for transmission and distribution networks. The global shunt reactor market is deposing the cascading impacts of these developments.
India Holds a Dominant Share of Asia-Pacific Shunt Reactors Market
- India is one of the primary countries in the Asia-Pacific region, and it is home to various manufacturing industries, whose energy needs are increasing rapidly. According to the International Energy Outlook report by EIA 2019, India’s industrial energy consumption is expected to nearly triple by 2050, growing from 16 quadrillion British thermal units (Btu) in 2018 to 47 quadrillion Btu by 2050, at an average annual rate of 3.4%.
- Moreover, the country is observing significant investments in the expansion and upgradation of its existing transmission and distribution network. For instance, according to the Ministry of Power, India, the electricity generated in India increased from 922.3 billion kilowatt-hours in 2016 to 1050.3 billion kilowatt-hours in 2019.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Asia-Pacific Shunt Reactors Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Asia-Pacific Shunt Reactors Market (%),2016 - 2026
- Asia-Pacific Shunt Reactors Market Share, By Brand
- Asia-Pacific Shunt Reactors Market Share, By Company
- Asia-Pacific Shunt Reactors Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Asia-Pacific Shunt Reactors Market Value Analysis & Forecast
- Promising Asia-Pacific Shunt Reactors Development by Major Companies
- Detailed Asia-Pacific Shunt Reactors Portfolio of the Major Companies
- Major Deals in the Asia-Pacific Shunt Reactors Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082593100/asia-pacific-shunt-reactors-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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