Power transmission & distribution network forms the backbone of optimal performance of industries in any economy. As the demand for energy increases globally, stakeholders have increased their investments in improving the infrastructure to facilitate the transmission and distribution of electricity. Shunt reactors are the cost-effective way to meet the demand for power generation in high-voltage power transmission systems over long distances.
The market for shunt reactors is driven by the demand for modern transmission and distribution (T&D) networks, reduced losses in power transmission and application of shunt reactors in different renewable energy systems. The design of smart grid technologies and continuous increase in the development of power generation technologies are the factors that will offer growth opportunities across the globe. The global shunt reactor market foresees promising growth prospects in emerging economies in Asia-Pacific such as India and China.
The world shunt reactor market is segmented based on types, region and applications. On the basis of reactor types, the shunt reactors are segmented into oil-immersed shunt reactor and air-core dry shunt reactor. Based on the applications, the shunt reactor market is segmented into electrical utilities & industrial verticals. On the basis of region, the market is segmented into Europe, North America, Asia-Pacific and Latin America and Middle East and Africa (LAMEA). The North America region is further segmented into US & Canada; Europe is further divided into U.K., Germany, France and Rest of Europe; Asia-Pacific is segmented into China, India, Australia, Japan and Rest of Asia Pacific; LAMEA is further segmented into Brazil, Mexico, Saudi Arabia, South Africa, and Rest of LAMEA.
Some of the prominent market players profiled in the report include Siemens AG, ABB Limited, Alstom SA, Toshiba, Crompton Greaves, Zaporozhtransformator (ZTR), Fuji Electric (Japan), Mitsubishi Electric Corporation, Hyundai Heavy Industries, and Tebian Electric Apparatus Stock Company Ltd (TBEA).
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