Global Shunt Reactor Market Overview:-
The demand and hence the market for the shunt reactors has increased recently because shunt reactors can increase efficiency in the transmission line. Market Research Future (MRFR) has published a research report that anticipates whooping growth for the global shunt reactor market between 2016 and 2027. Analyzing the market structure, this report evaluates the future growth potential and observes the strategies of the key players in this market. It also tracks the competitive developments such as joint ventures, mergers, and acquisitions, new product developments, new product developments (R & D) in the market. The key factors that are driving the growth of this market include a global rise in the demand for energy, rapid population growth, and rapid increase in the infrastructural activities (especially in Asia Pacific region).
Due to technological advancement, Europe is another significant market. The cream of this Shunt Reactor Market includes Netherlands, Russia, and the United Kingdom (UK), followed by the rest of Europe. The MEA region is a small market due to lack of awareness, lack of education, lack of technological development, and political instability. The most significant markets in this region include Kuwait, Qatar, Saudi Arabia, and United Arab Emirates (UAE), followed by the rest of MEA region.
Global Industry Top Key Players:-
The key players in the global shunt reactor market include ABB Limited (Switzerland), Alstom (France), Crompton Greaves (India), Fuji Electric (Japan), Hyundai Heavy Industries (South Korea), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Tebian Electric Apparatus Stock Company Ltd. (China), Toshiba (Japan), and Zaporozhtransformator (Ukraine).
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Latest Industry News:-
30 MAY 2018 – The Rwanda Energy Group (REG) has installed equipment intended to absorb reactive power. This is an attempt to increase the efficiency and stability of the power system, and avert damages that might be caused by excess voltage.
24 JUL 2018 – SNC-Lavalin, a global fully integrated professional services, and project management company, has been awarded a US $70 mn contract to provide engineering and procurement services for three substations at UAE-based Meydan Group’s project in Dubai.
Shunt Reactor Global Market Segmentation:-
The global shunt reactor market has been segmented on the basis of application, types, and lastly, region. On the basis of application, the market has been segmented into electrical utilities and industrial verticals. Mostly a public utility, an electrical utility is a company in the electric power industry that engages in electricity generation and distribution of electricity for sale in the market. An industry vertical is defined as specific, identifying companies that offer niche products or fit into multiple industries. By type, the market has been segmented into air-core dry and oil-immersed. Air-core dry-type reactors are mainly employed not only in electric power transmission & distribution systems but also in electric power systems of electrical plants. Dry-type reactors for higher voltages are not always suitable in heavily polluted areas due to the risk of dielectric failure. In such cases, oil-immersed reactors are considered more reliable. In order to avoid excessive heating in the tank, a frame of laminated core steel is always enclosed with the oil-immersed reactor winding.
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The regional segmentation of the global shunt reactor market covers The Americas (North America & South America), Europe, Asia Pacific, and the Middle East & Africa (MEA). Due to increased investment in utilities in the Asia Pacific region, demand for shunt reactors has gone up here. Other factors leading to the market growth via sales, in this region include an increasing number of transmission and distribution projects undertaken. In this region, the biggest markets are China, India, Indonesia, and Malaysia, followed by the rest of Asia Pacific. In the Americas, North America is a bigger market than South America due to technological advancement. In this region, the biggest markets are the United States of America (USA), Canada, and Mexico. In South America, the most important markets are Argentina, Brazil, and Venezuela, followed by the rest of South America.
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