Energy

Global Shunt Reactor Market Analysis Reports Revenue Growth Globally During The Forecast Period 2016-2022

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Description

The demand for electricity is constantly increasing as various developing nations continue producing more electricity to meet their energy needs. This has given a rise to the demand of shunt reactors. A shunt reactor is an electrical device whose main job is to absorb the reactive power travelling in an electrical power grid system to increase the overall efficiency of the system. They are mainly installed at transmission line terminals or in the centre of transmission lines in a parallel configuration for reactive power compensation, minimisation of distribution losses and the regulation of voltage throughout the transmission system. They also act as devices able to reduce risk by protecting the system from sudden voltage spikes.

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End-user/Technology
Shunt reactors are directly connected to the power line or to the tertiary winding of a transformer. They absorb the excess reactive power present in the system due to abrupt voltage changes. All the power suppliers use power grids in their production system.

Market Dynamics
This market is extremely concentrated due to the presence of a few large shunt manufacturers who dominate the market. Since the differentiation and cost difference among products is quite low, the competition among these suppliers is extremely intense. Market leadership can only be achieved through innovation and hence these vendors try to improve their offerings continuously. The main factors responsible for the rise in the demand for shunt reactors are: –
Increasing need for grid stability
Increasing demand for electricity
Addition of high voltage transmission lines mainly in developing countries
Need for upgradation of older technologies
Need for energy efficient systems
However, uncertain market scenarios in some countries, increasing product life and high component costs are challenging the growth in this market.
Market Segmentation
Global shunt reactor market can be segmented on the basis of the type of reactor, end-user, phase, application and by geography.
On the basis of the type of reactor, the market is segmented into: –
Oil-immersed
Air-core
On the basis of number of phases, the market is segmented into: –
Single phase
Three phase
On the basis of application, the market is segmented into: –
Fixed reactors
Variable reactors
On the basis of users, the market is segmented into: –
Residential users
Industrial users
Finally, on the basis of geography, the market is segmented into: –
North America
Latin America
Europe
APAC
Regional/Geographic Analysis
Currently, North America accounts for the largest share of the shunt reactor market with a market share of 32.4%. But, it is estimated that APAC will be the biggest contributor to the revenues of shunt reactor market in the upcoming years. This is mainly due to the high demands in countries like China and India who are continuously seeking to make themselves more industrialized.
Opportunities
Developing nations are currently increasing their power generation capacity to satisfy the growing energy demands in the face of industrialization. To meet this increasing demands, a large number of thermal power plants and high voltage transmission lines are being set up. Due to this, the demand keeps rising forward and hence the future prospects seem really appealing.

Key Players
Some of the key players in the market include ABB, CG Power and Industrial Solutions, TBEA HENGYANG TRANSFORMER and Siemens among others.

Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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