openPR Logo
Press release

Global Shunt Reactor Market 2024 - By End-User Analysis, Competitive Landscape And Industry Overview 2033

Shunt Reactor Market Demand

Shunt Reactor Market Demand

"The Business Research Company recently released a comprehensive report on the Global Shunt Reactor Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19186&type=smp

According to The Business Research Company's, The shunt reactor market size has grown strongly in recent years. It will grow from $2.80 billion in 2023 to $2.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to rising demand for electricity, growing renewable energy projects, urbanization and industrialization, aging power infrastructure, and an increasing need for voltage stability.

The shunt reactor market size is expected to see strong growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing renewable energy integration, expansion of electric vehicle infrastructure, rising focus on energy storage systems, government investments in infrastructure, and growing demand for decentralized power generation. Major trends in the forecast period include an increasing focus on sustainability and low emissions, advancements in transformer-less technology, growing investment in energy storage, the use of advanced monitoring and diagnostics, and a rise in grid automation and digital solutions.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/shunt-reactor-global-market-report

Market Drivers and Trends:

The rising power generation capacity is expected to propel the growth of the shunt reactor market going forward. Power generation capacity refers to the maximum amount of electrical power that a power plant or generating unit can produce under specific conditions. The increase in power generation capacity is fueled by the growing global demand for electricity, the rapid expansion of renewable energy sources, significant government investments in modern energy infrastructure, and technological advancements in power generation. Shunt reactors are essential in supporting rising power generation capacity by improving voltage stability, minimizing transmission losses, and optimizing grid performance, particularly in high-voltage networks, as they help manage the fluctuating power flow from growing renewable energy sources, enhance energy efficiency, and ensure reliable power transmission over long distances. For instance, in June 2023, according to the Department of Climate Change, Energy, the Environment, and Water, an Australia-based government department, Australia's total electricity generation in 2022 was estimated at 273,265 gigawatt hours (GWh), representing a 2% increase compared to 2021. Therefore, the rising power generation capacity is driving the growth of the shunt reactor market.

Major companies operating in the shunt reactor market are adopting strategic partnerships to modernize and enhance grid stability and capacity. Strategic partnerships involve collaborations between companies to enhance product development, expand market reach, and improve technology integration in power transmission and grid stability solutions. For instance, in September 2023, Hitachi Energy Ltd., a Switzerland-based technology company, partnered with TenneT Holding BV, a Netherlands-based transmission system operator company, to focus on supplying high-performance power transformers and shunt reactors to modernize and enhance the stability and capacity of the transmission grid. This collaboration aims to support the integration of renewable energies, improve grid resilience, and ensure a sustainable electricity supply for Germany and the Netherlands.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Hitachi Energy Ltd., General Electric Company, Mitsubishi Electric Corporation, Siemens Energy AG, Toshiba Corporation, CHINT Group, Alstom Grid, Hyosung Heavy Industries, Meidensha Co.Ltd., Nissin Electric Co. Ltd., SGB-SMIT Group, CG Power and Industrial Solutions Limited, Voltamp Energy SAOG, Prolec Energy, Shreem Electric Limited, GBE SpA, Clariant Power System Ltd., Yash Capacitors Private Limited, Edit Elektronik, GETRA S.p.A., Hilkar, NR Electric Co. Ltd., Jyoti Transformers

Shunt Reactor Market 2024 Key Insights:

• The shunt reactor market size is expected to see strong growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Rising Power Generation Capacity Driving Growth In The Shunt Reactor Market
• Strategic Partnerships Driving Innovation In The Shunt Reactor Market
• Asia-Pacific was the largest region in the shunt reactor market in 2023 and it is expected to be the fastest-growing region in the forecast period

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19186&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

"""Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Shunt Reactor Market 2024 - By End-User Analysis, Competitive Landscape And Industry Overview 2033 here

News-ID: 3725094 • Views:

More Releases from The Business research company

Company Registration Service Market Landscape 2025: Forecast Data and Growth Strategy Insights
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Company Registration Service Market Through 2025? The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecasts, and Growth Drivers
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025? In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market in 2025: Advancement In Digital Insurance Platforms Transforms Small And Medium Enterprises Coverage With Integrated, Data-Driven Solutions
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025? The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due To Rising Environmental Monitoring Requirements: Strengthening the Growth Trajectory of the Combustion Emissions Analyzer Market
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025? In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth

All 5 Releases


More Releases for Shunt

Shunt Reactor: A Leading Driver Behind Rising Power Generation Capacity Driving …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Shunt Reactor Industry Market Size Be by 2025? There has been a robust expansion in the size of the shunt reactor market in the past few years. The market worth is projected to increase from $2.98 billion in 2024 to $3.18 billion in 2025, reflecting a
Shunt Reactor Market Consolidation Across Developing Regions
Shunt Reactor Market Poised for Steady Growth Driven by Renewable Energy Integration and Grid Modernization The global Shunt Reactor Market is witnessing a phase of strong development and diversification, fueled by the rising global demand for electricity and the growing need to maintain voltage stability across modern power grids. The market was valued at USD 2.87 billion in 2023 and is projected to reach USD 4.3 billion by 2030, growing at
Transforming the Shunt Reactor Circuit Market in 2025: Impact Of Growing Renewab …
What Is the Expected Size and Growth Rate of the Shunt Reactor Circuit Market? In the past few years, the shunt reactor circuit market has seen robust growth. The market capacity is predicted to increase from $2.45 billion in 2024 to $2.64 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. This impressive growth during the historic period is primarily due to factors such as escalating concerns over
Global Hydrocephalus Shunt Market Research Report 2023
Hydrocephalus Shunt Market Size The global Hydrocephalus Shunt market was valued at US$ 213 million in 2022 and is anticipated to reach US$ 367.3 million by 2029, witnessing a CAGR of 8.0% during the forecast period 2023-2029. Hydrocephalus Shunt Market The Hydrocephalus Shunts market covers Adjustable Valves, Monopressure Valves, etc. The typical players include Medtronic, Johnson & Johnson, Integra LifeSciences, SOPHYSA, B.BRAUN, etc. CSF diversion devices or shunts have been used successfully and have
Variable Shunt Reactor Market 2021 | Detailed Report
Variable Shunt Reactor Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027. Get Free Sample PDF (including full TOC, Tables and Figures) of Variable Shunt Reactor Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4963736 The report provides a comprehensive analysis of company profiles listed below: - ABB - Siemens - Crompton Greaves -
Global Shunt Reactors Market Research Report 2017
If you want to ask a sample report or make an order, please contact us: Email: lynne@qyresearch.com Web: http://qyresearchglobal.com/ In this report, the global Shunt Reactors market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. The Global And China Shunt Reactors Industry 2017 Market Research