Global Shunt Reactor Market Research Report 2023(Status and Outlook)
Report Overview
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.
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.
The Global Shunt Reactor Market Size was estimated at USD 2329.6 million in 2022 and is projected to reach USD 2788.13 million by 2029, exhibiting a CAGR of 2.60% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Shunt Reactor market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Shunt Reactor Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Shunt Reactor market in any manner.
Global Shunt Reactor Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
ABB
Siemens
Crompton Greaves
GE
Zaporozhtransformator
Fuji Electric
Toshiba
Mitsubishi Electric
Nissin Electric
TBEA
Trench Group
Hilkar
Beijing Power Equipment Group
HYOSUNG
Market Segmentation (by Type)
Oil-immersed
Air-core
Market Segmentation (by Application)
Plastics
Polymers
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Shunt Reactor Market
Overview of the regional outlook of the Shunt Reactor Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Shunt Reactor
- 1.2 Key Market Segments
- 1.2.1 Shunt Reactor Segment by Type
- 1.2.2 Shunt Reactor Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Shunt Reactor Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Shunt Reactor Market Size (M USD) Estimates and Forecasts (2018-2029)
- 2.1.2 Global Shunt Reactor Sales Estimates and Forecasts (2018-2029)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Shunt Reactor Market Competitive Landscape
- 3.1 Global Shunt Reactor Sales by Manufacturers (2018-2023)
- 3.2 Global Shunt Reactor Revenue Market Share by Manufacturers (2018-2023)
- 3.3 Shunt Reactor Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.4 Global Shunt Reactor Average Price by Manufacturers (2018-2023)
- 3.5 Manufacturers Shunt Reactor Sales Sites, Area Served, Product Type
- 3.6 Shunt Reactor Market Competitive Situation and Trends
- 3.6.1 Shunt Reactor Market Concentration Rate
- 3.6.2 Global 5 and 10 Largest Shunt Reactor Players Market Share by Revenue
- 3.6.3 Mergers & Acquisitions, Expansion
- 4 Shunt Reactor Industry Chain Analysis
- 4.1 Shunt Reactor Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Shunt Reactor Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Market Restraints
- 5.5 Industry News
- 5.5.1 New Product Developments
- 5.5.2 Mergers & Acquisitions
- 5.5.3 Expansions
- 5.5.4 Collaboration/Supply Contracts
- 5.6 Industry Policies
- 6 Shunt Reactor Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Shunt Reactor Sales Market Share by Type (2018-2023)
- 6.3 Global Shunt Reactor Market Size Market Share by Type (2018-2023)
- 6.4 Global Shunt Reactor Price by Type (2018-2023)
- 7 Shunt Reactor Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Shunt Reactor Market Sales by Application (2018-2023)
- 7.3 Global Shunt Reactor Market Size (M USD) by Application (2018-2023)
- 7.4 Global Shunt Reactor Sales Growth Rate by Application (2018-2023)
- 8 Shunt Reactor Market Segmentation by Region
- 8.1 Global Shunt Reactor Sales by Region
- 8.1.1 Global Shunt Reactor Sales by Region
- 8.1.2 Global Shunt Reactor Sales Market Share by Region
- 8.2 North America
- 8.2.1 North America Shunt Reactor Sales by Country
- 8.2.2 U.S.
- 8.2.3 Canada
- 8.2.4 Mexico
- 8.3 Europe
- 8.3.1 Europe Shunt Reactor Sales by Country
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 U.K.
- 8.3.5 Italy
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Shunt Reactor Sales by Region
- 8.4.2 China
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 India
- 8.4.6 Southeast Asia
- 8.5 South America
- 8.5.1 South America Shunt Reactor Sales by Country
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa Shunt Reactor Sales by Region
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 South Africa
- 9 Key Companies Profile
- 9.1 ABB
- 9.1.1 ABB Shunt Reactor Basic Information
- 9.1.2 ABB Shunt Reactor Product Overview
- 9.1.3 ABB Shunt Reactor Product Market Performance
- 9.1.4 ABB Business Overview
- 9.1.5 ABB Shunt Reactor SWOT Analysis
- 9.1.6 ABB Recent Developments
- 9.2 Siemens
- 9.2.1 Siemens Shunt Reactor Basic Information
- 9.2.2 Siemens Shunt Reactor Product Overview
- 9.2.3 Siemens Shunt Reactor Product Market Performance
- 9.2.4 Siemens Business Overview
- 9.2.5 Siemens Shunt Reactor SWOT Analysis
- 9.2.6 Siemens Recent Developments
- 9.3 Crompton Greaves
- 9.3.1 Crompton Greaves Shunt Reactor Basic Information
- 9.3.2 Crompton Greaves Shunt Reactor Product Overview
- 9.3.3 Crompton Greaves Shunt Reactor Product Market Performance
- 9.3.4 Crompton Greaves Business Overview
- 9.3.5 Crompton Greaves Shunt Reactor SWOT Analysis
- 9.3.6 Crompton Greaves Recent Developments
- 9.4 GE
- 9.4.1 GE Shunt Reactor Basic Information
- 9.4.2 GE Shunt Reactor Product Overview
- 9.4.3 GE Shunt Reactor Product Market Performance
- 9.4.4 GE Business Overview
- 9.4.5 GE Shunt Reactor SWOT Analysis
- 9.4.6 GE Recent Developments
- 9.5 Zaporozhtransformator
- 9.5.1 Zaporozhtransformator Shunt Reactor Basic Information
- 9.5.2 Zaporozhtransformator Shunt Reactor Product Overview
- 9.5.3 Zaporozhtransformator Shunt Reactor Product Market Performance
- 9.5.4 Zaporozhtransformator Business Overview
- 9.5.5 Zaporozhtransformator Shunt Reactor SWOT Analysis
- 9.5.6 Zaporozhtransformator Recent Developments
- 9.6 Fuji Electric
- 9.6.1 Fuji Electric Shunt Reactor Basic Information
- 9.6.2 Fuji Electric Shunt Reactor Product Overview
- 9.6.3 Fuji Electric Shunt Reactor Product Market Performance
- 9.6.4 Fuji Electric Business Overview
- 9.6.5 Fuji Electric Recent Developments
- 9.7 Toshiba
- 9.7.1 Toshiba Shunt Reactor Basic Information
- 9.7.2 Toshiba Shunt Reactor Product Overview
- 9.7.3 Toshiba Shunt Reactor Product Market Performance
- 9.7.4 Toshiba Business Overview
- 9.7.5 Toshiba Recent Developments
- 9.8 Mitsubishi Electric
- 9.8.1 Mitsubishi Electric Shunt Reactor Basic Information
- 9.8.2 Mitsubishi Electric Shunt Reactor Product Overview
- 9.8.3 Mitsubishi Electric Shunt Reactor Product Market Performance
- 9.8.4 Mitsubishi Electric Business Overview
- 9.8.5 Mitsubishi Electric Recent Developments
- 9.9 Nissin Electric
- 9.9.1 Nissin Electric Shunt Reactor Basic Information
- 9.9.2 Nissin Electric Shunt Reactor Product Overview
- 9.9.3 Nissin Electric Shunt Reactor Product Market Performance
- 9.9.4 Nissin Electric Business Overview
- 9.9.5 Nissin Electric Recent Developments
- 9.10 TBEA
- 9.10.1 TBEA Shunt Reactor Basic Information
- 9.10.2 TBEA Shunt Reactor Product Overview
- 9.10.3 TBEA Shunt Reactor Product Market Performance
- 9.10.4 TBEA Business Overview
- 9.10.5 TBEA Recent Developments
- 9.11 Trench Group
- 9.11.1 Trench Group Shunt Reactor Basic Information
- 9.11.2 Trench Group Shunt Reactor Product Overview
- 9.11.3 Trench Group Shunt Reactor Product Market Performance
- 9.11.4 Trench Group Business Overview
- 9.11.5 Trench Group Recent Developments
- 9.12 Hilkar
- 9.12.1 Hilkar Shunt Reactor Basic Information
- 9.12.2 Hilkar Shunt Reactor Product Overview
- 9.12.3 Hilkar Shunt Reactor Product Market Performance
- 9.12.4 Hilkar Business Overview
- 9.12.5 Hilkar Recent Developments
- 9.13 Beijing Power Equipment Group
- 9.13.1 Beijing Power Equipment Group Shunt Reactor Basic Information
- 9.13.2 Beijing Power Equipment Group Shunt Reactor Product Overview
- 9.13.3 Beijing Power Equipment Group Shunt Reactor Product Market Performance
- 9.13.4 Beijing Power Equipment Group Business Overview
- 9.13.5 Beijing Power Equipment Group Recent Developments
- 9.14 HYOSUNG
- 9.14.1 HYOSUNG Shunt Reactor Basic Information
- 9.14.2 HYOSUNG Shunt Reactor Product Overview
- 9.14.3 HYOSUNG Shunt Reactor Product Market Performance
- 9.14.4 HYOSUNG Business Overview
- 9.14.5 HYOSUNG Recent Developments
- 10 Shunt Reactor Market Forecast by Region
- 10.1 Global Shunt Reactor Market Size Forecast
- 10.2 Global Shunt Reactor Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe Shunt Reactor Market Size Forecast by Country
- 10.2.3 Asia Pacific Shunt Reactor Market Size Forecast by Region
- 10.2.4 South America Shunt Reactor Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Consumption of Shunt Reactor by Country
- 11 Forecast Market by Type and by Application (2024-2029)
- 11.1 Global Shunt Reactor Market Forecast by Type (2024-2029)
- 11.1.1 Global Forecasted Sales of Shunt Reactor by Type (2024-2029)
- 11.1.2 Global Shunt Reactor Market Size Forecast by Type (2024-2029)
- 11.1.3 Global Forecasted Price of Shunt Reactor by Type (2024-2029)
- 11.2 Global Shunt Reactor Market Forecast by Application (2024-2029)
- 11.2.1 Global Shunt Reactor Sales (K Units) Forecast by Application
- 11.2.2 Global Shunt Reactor Market Size (M USD) Forecast by Application (2024-2029)
- 12 Conclusion and Key Findings
Research Assistance
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