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Global Shunt Reactor Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Shunt reactors are used to increase the efficiency of the power and energy systems by absorbing and compensating for reactive power in cables and lengthy high-voltage transmission lines. The power line or the third winding of a three-winding modulator can both be directly connected to it. Shunt reactors are activated in high-voltage energy transmission networks to maintain the voltage throughout fluctuations in load.
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Europe is projected to have the highest CAGR over the forecast period. The market in Europe consists of established countries with cutting-edge power grid infrastructure. The market for the product is being driven, however, by an expansion in the grid infrastructure development in nations around the area as well as the rising need for renewable power.
Some of the key players profiled in the Shunt Reactor Market include Nissin Electric Co. Ltd., Adani Electricity Mumbai Ltd, Mitsubishi Electric Corporation, Hilkar, ABB Power Grids, Trench Austria GmbH, General Electric Company, TEBA Transformer Industrial Group, Hitachi, Trench Group, Fuji Electric Co. Ltd., Crompton Greaves, Toshiba Energy and Solutions Corporation, Beijing Power Equipment Group and Siemens AG.
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