Shunt Reactor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Shunt Reactor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • June 2021 •
  • 107 pages •
  • Report ID: 5827161 •
  • Format: PDF
The global shunt reactor market reached a value of US$ 3.1 Billion in 2020. Looking forward, the analyst expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Shunt reactor is an equipment that is used to absorb reactive power in a power supply system. It is a compact device that compensates power in long high-voltage transmission lines and cable systems by transmitting energy directly to the power line. Its key function is to consume excess reactive energy generated by overhead lines under low load conditions and stabilize the system voltage. Shunt reactors are also employed to improve the stability and efficiency of energy transmission through variable rating in cases of slow load variation. They can be connected to the tertiary winding of three winding transformers or directly to the power line. They find extensive application across various industries due to their low maintenance requirement and operational costs and minimal fire hazard probabilities.

The growing energy demand is one of the key factors driving the market growth. There is an increasing need for efficient power systems to ensure uninterrupted supply of power. The demand for shunt reactor is also driven by the need for reduced losses in power transmissions, modern transmission and distribution (T&D) networks and their extensive utilization in different renewable energy systems. Additionally, growing investments in smart grid technologies are further contributing to the growth of the market. The application of shunt reactor is also associated with reduced carbon footprint and voltage jumps, thus contributing to their demand. Factors such as favorable government policies promoting the development of high voltage transmission systems and increasing focus on research and development (R&D) activities are further catalyzing the growth of the market.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Type:
Oil-Immersed
Air-Core

Market Breakup by End-User:
Electric Utilities
Industrial Verticals

Market Breakup by Application:
Variable Reactor
Fixed Reactor

Market Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB, General Electric, Siemens, Nissin Electric, Zaporozhtransformator, Crompton Greaves, Alstom SA, Hyundai Heavy Industries, Mitsubishi Electric, Hitachi, Toshiba, Hilkar, Fuji Electric, TBEA, Trench Group, etc.

Key Questions Answered in This Report:
How has the global Shunt reactor market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global Shunt reactor industry?
What are the key regional markets in the global Shunt reactor industry?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end-user?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global Shunt reactor industry?
What are the key driving factors and challenges in the global Shunt reactor industry?
What is the structure of the global Shunt reactor industry and who are the key players?
What is the degree of competition in the global Shunt reactor industry?