Press release
Global Shunt Reactor Market Size and Forecast to Grow at a CAGR of 7.37% By 2021
Shunt reactors protect transmission lines from high-voltage fluctuations. Transmission-line reactance consumes reactive power along the line when it is loaded. Reactance is the characteristic of electrical or electronic equipment to oppose changes in electric current or voltage owing to inductance or capacitance. The generated reactive power results in an increase in the voltage along the line, reaching dangerous levels for the system. To avoid such a phenomenon, shunt reactors are used that consume reactive power, thereby stabilizing the voltage along the transmission line.
Technavios analysts forecast the global shunt reactor market to grow at a CAGR of 7.37% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global shunt reactor market for 2017-2021. To calculate the market size, the report considers the new installations/value and exclude spares/aftermarket/services market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Shunt Reactor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ABB
CG Power and Industrial Solutions
Siemens
TBEA HENGYANG TRANSFORMER
Other prominent vendors
Beijing Power Equipment Group (BPEG)
EGE
Fuji Electric
GBE
General Electric
Hilkar
HYOSUNG
Mitsubishi Electric
PJSC Zaporozhtransformator
Toshiba Energy Systems & Solutions
Transformers & Rectifiers
Market driver
Renewable power generation capacity expansion
For a full, detailed list, view our report
Complete Report Details @ https://www.marketresearchreports.biz/reports/1476325/global-shunt-reactor-market-research-reports
Market challenge
Reduced earnings of the global power distribution sector
For a full, detailed list, view our report
Market trend
Emergence of smart grids
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Global Shunt Reactors Market Research Report 2017
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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.
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