According to Goldstein Research, rising demand for power across the globe will impel the demand for products, services and solutions for energy sector around the world. Shunt reactor demand for the energy and utility will grow significantly in coming years in-mid of growing electricity demand. Global Shunt Reactors Market is segmented based on product type, by voltage rating, by insulation type, by application and by end users. Insulation segment is further bifurcated into oil and dry-cleaned. The oil-cooled power transformers accounted for the largest market size, for around 70% market revenue share as this type of power transformers are considered as safer option while handling high voltage fluctuation in power transmission network. According to our analysts “Global shunt reactor market valued USD 2.3 billion in 2016 and the market is anticipated to expand at a CAGR of 4.2% to reach USD 8.4 billion over the forecast period i.e. 2016-2024.” Global Shunt Reactors market in Nigeria provide immense potential for the growth of shunt reactors market as the region is witnessing significant growth in urbanization with augmented demand for electricity in urban as well as in rural areas.
Market Segmentation
On the basis of our in-depth analysis, Global Shunt Reactors Market can be segmented as follows:
• Based on Product Type
o Fixed Shunt Reactor
o Variable Shunt Reactor
• Based on Voltage Rating
o Less than 200 KV
o 200-400 KV
o Greater than 400 KV
• Based on Insulation Type
o Dry-Type
o Liquid-Type
• Based on End User
o Energy and Utility Sector
o Industrial Sector
o Infrastructure
• On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Shunt Reactors Market Outlook 2024” contains detailed overview of the global shunt reactors market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, by voltage rating, by insulation type and by end users.
Further, for the in-depth analysis, Global Shunt Reactors Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as ABB, Alstom, Siemens, General Electric (GE), Schneider Electric, ASEA Brown Boveri Group, Crompton Greaves Ltd., Hyundai Heavy Industries Co., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global shunt reactors market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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