Shunt Reactor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Shunt Reactor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global shunt reactor market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.5% during 2023-2028.

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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global shunt reactor market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, end-user and application.

Breakup by Type:


To get more information about this market, Request Sample

Oil-Immersed
Air-Core

Breakup by End-User:

Electric Utilities
Industrial Verticals

Breakup by Application:

Variable Reactor
Fixed Reactor

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 Ltd., General Electric (GE) Company, Siemens AG, Nissin Electric Co. Ltd., PrJSC Zaporozhtransformator, CG Power and Industrial Solutions Limited, Alstom SA, Hyundai Heavy Industries Co., Ltd., Mitsubishi Electric Corporation, Hitachi, Ltd., Toshiba Corporation, Hilkar Electric Limited, Fuji Electric Co., Ltd., TBEA Co., Ltd. and Trench Group.

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?


1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Shunt Reactor Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Type
5.5Market Breakup by End-User
5.6Market Breakup by Application
5.7Market Breakup by Region
5.8Market Forecast
6 Market Breakup by Type
6.1Oil-Immersed
6.1.1Market Trends
6.1.2Market Forecast
6.2Air-Core
6.2.1Market Trends
6.2.2Market Forecast
7 Market Breakup by End-User
7.1Electric Utilities
7.1.1Market Trends
7.1.2Market Forecast
7.2Industrial Verticals
7.2.1Market Trends
7.2.2Market Forecast
8 Market Breakup by Application
8.1Variable Reactor
8.1.1Market Trends
8.1.2Market Forecast
8.2Fixed Reactor
8.2.1Market Trends
8.2.2Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1Market Trends
9.1.2Market Forecast
9.2Asia Pacific
9.2.1Market Trends
9.2.2Market Forecast
9.3Europe
9.3.1Market Trends
9.3.2Market Forecast
9.4Middle East and Africa
9.4.1Market Trends
9.4.2Market Forecast
9.5Latin America
9.5.1Market Trends
9.5.2Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1ABB Ltd.
14.3.2General Electric (GE) Company
14.3.3Siemens AG
14.3.4Nissin Electric Co. Ltd.
14.3.5PrJSC Zaporozhtransformator
14.3.6CG Power and Industrial Solutions Limited
14.3.7Alstom SA
14.3.8Hyundai Heavy Industries Co., Ltd.
14.3.9Mitsubishi Electric Corporation
14.3.10 Hitachi, Ltd.
14.3.11 Toshiba Corporation
14.3.12 Hilkar Electric Limited
14.3.13 Fuji Electric Co., Ltd.
14.3.14 TBEA Co., Ltd.
14.3.15 Trench Group

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings