Shunt Reactor market is projected to grow at a CAGR of 2% during the forecasting period 2021-2027. During the forecast period, the oil-immersed segment is expected to rise at the fastest rate. Oil-immersed shunt reactors, which are wired directly to the high-voltage busbar/transmission network, are typically used for systems with a voltage profile of 72.5 kV and above.
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Rising businesses and rapid industrialization in Asia Pacific's developing economies, as well as the Middle East and Africa, are expected to propel the market forward during the forecast era. Factors such as strong growth in electricity demand driven by high levels of urbanisation, industrialization, infrastructural developments, and subsequent investments in expanding T&D networks will spur demand for shunt reactors in developing countries such as China and India.
Key market players include GE ABB, Siemens, Crompton Greaves, General Electric, Zaporozhtransformator, Fuji Electric, Toshiba, Mitsubishi Electric, Nissin Electric, TBEA, Trench Group, Hilkar.

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