Press release
Global Shunt Reactor Market Research Report: Industry Size, Share, Growth, Forecasts
A shunt reactor is an electrical device mainly used to absorb reactive power in an electrical power grid system. In a power transmission and distribution system, the voltage at the receiving end of electrical power is more than that at the origin or less than the voltage at origin due to long transmission distances, this difference in voltage is called reactive power. Shunt reactors are mainly installed at transmission line terminals or in the center of transmission lines in parallel configuration. This layout of installation of shunt reactors in the power grid system absorbs reactive power, minimises distribution losses and regulates voltage throughout the transmission system. Global sales of shunt reactors was valued at US$ 1,996.9 Mn in 2015, and is projected to increase 2.4X by the end of 2026 to be valued at U7$ 4,864.7 Mn. Global sales revenue is expected to register a CAGR of 8.6% over the forecast period.
Complete Report Details @https://www.marketresearchreports.biz/reports/1287840/shunt-reactor-global-industry-analysis-market-research-reports
Increasing demand for electricity is fuelling the growth of the global shunt reactor market
Key driving factors identified in the global shunt reactor market include expanding electrical distribution network on the backdrop of continually increasing demand for electricity, refurbishment of ageing coal-fired plants and ageing power infrastructure in developed economies, and emergence of microgrids and interconnection of local and regional grids. However, increasing product life and component costs can inhibit new product sales to some extent and act as a restraint in the global shunt reactor market.
Request For Sample Report @https://www.marketresearchreports.biz/sample/sample/1287840
Oil-immersed shunt reactor segment to exhibit a strong growth
The oil-immersed shunt reactor segment accounted for 64.8% share of the global shunt reactor market in 2015. This segment is projected to remain dominant over the forecast period, with increasing Y-o-Y growth of 6.7% to 8.9% from 2016 to 2026.
Three phase shunt reactor segment expected to remain dominant over the forecast period
In terms of value and volume, the three phase shunt reactor segment dominated the global shunt reactor market in 2015. The segment is estimated to account for 58.3% market value share by the end of 2016. The segment is projected to remain dominant over the forecast period, with increasing Y-o-Y growth of 6.7% to 9.1% from 2016 to 2026. Increasing number of industrial establishments and growing demand for three phase electricity in manufacturing and assembling facilities are expected to play a major role in the growth of this segment. In terms of revenue growth, the single phase shunt reactor segment is projected to expand at a significantly higher rate than that of the three phase shunt reactor segment in the global shunt reactor market over the forecast period due to expanding electricity transmission and distribution to meet the demand for residential purposes across the globe.
Have Any Query? Ask Our Expert @https://www.marketresearchreports.biz/sample/enquiryBuy/1287840
Global shunt reactor market to exhibit a strong growth in developing economies like China and India
From a regional perspective, North America is estimated to account for the highest market value share of 32.4% in 2016. Sales revenue of shunt reactors in APEJ and Latin America is estimated to account for second (24.9%) and third largest shares (16.7%) respectively by 2016 end. Consumption of shunt reactors in APEJ is projected to grow at a higher Y-o-Y growth rate due to expanding power generation and distribution infrastructure to meet the increasing electrical energy demand majorly from industries based in China and India.
Geographic expansion and strategic investments are some of the key strategies adopted by prominent market players in the global shunt reactor market
ABB Ltd., General Electric (ALSTOM), Fuji Electric Co. Ltd., Toshiba Corporation, Siemens AG, Zaporozhtransformator PJSC, Nissin Electric Co. Ltd, and Hyosung Corporation are some of the leading companies operating in the global shunt reactor market. Strategic investments and acquisitions to strengthen revenue generation, geographic expansion through organic growth, and new product development and product support technologies are some of the strategies adopted by key market players to expand their market share.
About us
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.
Contact Us
State Tower
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-621-2074
Website: http://www.marketresearchreports.biz/
Email: sales@marketresearchreports.biz
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Shunt Reactor Market Research Report: Industry Size, Share, Growth, Forecasts here
News-ID: 714454 • Views: …
More Releases from MarketResearchReports.biz
Hydro-flyers Market: Moving Towards a Brighter Future
A hydro-flyer is an adventure sporting device which uses the propulsion of water jet technology to create continuous flight movement, where the lift and movement are controlled by the flyer. Hydro-flyers sporting devices make use of the flow of water power to drive the flyer to reach soaring heights. The rise in water sporting facilities is one of the major factors that promote the growth and demand for hydro-flyers in…
Outdoor Floodlights: Technology and Market Dynamics
Outdoor floodlights is a reliable, highly efficient, and economical solution for a wide range of outdoor applications. These lights are resistant to temperature fluctuations and they remain stable even in extreme climatic conditions. Unlike the traditional lights, floodlights remain stable and functional even in harsh climatic conditions. This makes them ideal for use in any climate and any outdoor application. Outdoor floodlights save a significant amount of energy and consume…
Snow Helmets Market Future Prospects and Regional Outlook
Riders are riding faster and getting bolder day by day. Hence, safety equipment need to be updated as per the requirement and changing time. Earlier, helmets were primarily used by extreme skiers and racers. They were used only on slopes. However, later, the use of helmets was made compulsory. Earlier, bulky black helmets were used by riders, which are outdated at present. Currently, new stylish helmets that can match with…
Predictions for 2019: Global Sparkling Water Dispensers Industry Is Set to Boom
Sparkling water dispensers are equipment used for dispensing carbonated water. These dispensers mix the still, filtered water with carbon dioxide before dispensing. Sparkling water dispensers are mostly used in households and commercial establishments such as amusement parks, hotels, restaurants, and sports arenas. A sparkling water dispenser has separate outlets for hot water and cold water. The hot water outlet does not require a separate filtration process. However, cold water is…
More Releases for Shunt
Shunt Reactor: A Leading Driver Behind Rising Power Generation Capacity Driving …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Shunt Reactor Industry Market Size Be by 2025?
There has been a robust expansion in the size of the shunt reactor market in the past few years. The market worth is projected to increase from $2.98 billion in 2024 to $3.18 billion in 2025, reflecting a…
Shunt Reactor Market Consolidation Across Developing Regions
Shunt Reactor Market Poised for Steady Growth Driven by Renewable Energy Integration and Grid Modernization
The global Shunt Reactor Market is witnessing a phase of strong development and diversification, fueled by the rising global demand for electricity and the growing need to maintain voltage stability across modern power grids. The market was valued at USD 2.87 billion in 2023 and is projected to reach USD 4.3 billion by 2030, growing at…
Transforming the Shunt Reactor Circuit Market in 2025: Impact Of Growing Renewab …
What Is the Expected Size and Growth Rate of the Shunt Reactor Circuit Market?
In the past few years, the shunt reactor circuit market has seen robust growth. The market capacity is predicted to increase from $2.45 billion in 2024 to $2.64 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. This impressive growth during the historic period is primarily due to factors such as escalating concerns over…
Global Hydrocephalus Shunt Market Research Report 2023
Hydrocephalus Shunt Market Size
The global Hydrocephalus Shunt market was valued at US$ 213 million in 2022 and is anticipated to reach US$ 367.3 million by 2029, witnessing a CAGR of 8.0% during the forecast period 2023-2029.
Hydrocephalus Shunt Market
The Hydrocephalus Shunts market covers Adjustable Valves, Monopressure Valves, etc. The typical players include Medtronic, Johnson & Johnson, Integra LifeSciences, SOPHYSA, B.BRAUN, etc.
CSF diversion devices or shunts have been used successfully and have…
Variable Shunt Reactor Market 2021 | Detailed Report
Variable Shunt Reactor Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027.
Get Free Sample PDF (including full TOC, Tables and Figures) of Variable Shunt Reactor Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4963736
The report provides a comprehensive analysis of company profiles listed below:
- ABB
- Siemens
- Crompton Greaves
-…
Global Shunt Reactors Market Research Report 2017
If you want to ask a sample report or make an order, please contact us:
Email: lynne@qyresearch.com Web: http://qyresearchglobal.com/
In this report, the global Shunt Reactors market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
The Global And China Shunt Reactors Industry 2017 Market Research…
