Shunt Reactor - Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Shunt Reactor - Market Size
The global Shunt Reactor market size is expected to reach US$ 2871.9 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029.

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Shunt Reactor - Market
A shunt reactor is an absorber of reactive power, thus increasing the energy efficiency of the system. It is the most compact device commonly used for reactive power compensation in long high-voltage transmission lines and in cable systems.
The market is mainly driven by the significant applications of Shunt Reactor in various end use industries. The expanding demands from the Electric Utilities and Industrial Verticals, are propelling Shunt Reactor market. Oil-immersed, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Air-core segment is estimated at % CAGR for the next seven-year period.
Asia Pacific is currently the largest market for shunt reactors, followed by North America and Europe. China accounted for a majority share in the Asia Pacific region and is projected to grow at the highest CAGR from 2018 to 2023. In developing countries such as China and India, factors such as strong growth in the demand for electricity fueled by high levels of urbanization, industrialization, infrastructural developments, and subsequent investments in developing T&D networks, would spur the demand for shunt reactors. The figure below shows the market sizes for all the regions from 2018 to 2023.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Shunt Reactor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.

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Company Profiles:
• ABB
• Siemens
• Crompton Greaves
• GE
• Zaporozhtransformator
• Fuji Electric
• Toshiba
• Mitsubishi Electric
• Nissin Electric
• TBEA
• Trench Group
• Hilkar
• Beijing Power Equipment Group
• HYOSUNG

Segment by Type:
• Oil-immersed
• Air-core

by Application
• Electric Utilities
• Industrial Verticals

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