Shunt Reactor Market in APAC 2022-2026

Shunt Reactor Market in APAC 2022-2026

Technavio has been monitoring the shunt reactor market in APAC and it is poised to grow by $ 196.95 mn during 2022-2026, progressing at a CAGR of 3.36% during the forecast period. Our report on the shunt reactor market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increased industrialization of the developing nations and increasing the energy efficiency of the system. In addition, the increased industrialization of the developing nations is anticipated to boost the growth of the market as well.

The shunt reactor market in APAC analysis includes the end-user segment and geographic landscape.

Technavio's shunt reactor market in APAC is segmented as below:

By End-user

• Power utilities
• Industrials

By Geographical Landscape

• China
• India
• Japan
• Rest of APAC

This study identifies the expansion and upgradation of its existing transmission and distribution networkas one of the prime reasons driving the shunt reactor market growth in APAC during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on shunt reactor market in APAC covers the following areas:

• Shunt reactor market sizing
• Shunt reactor market forecast
• Shunt reactor market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading shunt reactor market vendors in APAC that include ABB Ltd., ALSTOM SA, Fuji Electric Co. Ltd., Hitachi Ltd., Hyundai Motor Group, Mitsubishi Electric Corp., Siemens AG, Toshiba Corp., TSEA, and Zaporozhtransformator PrJSC. Also, the shunt reactor market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.