Global Shunt Reactors Market

A shunt reactor is a device that is engaged in the absorption of reactive power, improving the system's energy efficiency. These devices are widely used for reactive power compensation across high-voltage transmission lines as well as long cable lines. Likewise, shunt reactors with inconsistent ratings are used for power lines where load volatility is sluggish to optimally control the consumed reactive power. The need for unexpected voltage spike safety systems and investments in improving current transmission and distribution networks are also increasing the need for shunt reactors. Demand for goods, technologies and services related to the energy sector would be powered by the growing demand for electricity. In the coming years, shunt reactor demand for energy and infrastructure will rise dramatically in the midst of rising power demand and networking schemes implemented by numerous governments worldwide.

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The global shunt reactor market size has shown optimistic growth in past which is anticipated to scale up to USD 4.26 Billion by the end of 2025. The key drivers of shunt reactors across the globe includes growing energy demand, growing investments on power transmission & distribution network, addition of high transmission lines and establishment of renewable energy plants.

In addition, the global shunt reactors market is motivated by a growing focus on reducing the loss of electricity during transmission and delivery. Growing smart grid investments will further fuel the growth of the worldwide demand for shunt reactors. In several countries in the Middle East, however, economic instability has led to the postponement of large-scale developments in electricity transmission and distribution networks. This creates a problem for enterprises in the market for shunt reactors.

The need for advanced transmission and distribution (T&D) networks, decreased losses in power transmission and the application of shunt reactors in various renewable energy systems are driving the need for shunt reactors. In addition, the emergence of smart grid technology and the constant rise in the growth of power generation technologies are the drivers that will create growth opportunities for global shunt reactors market around the world. In developing Asia-Pacific regions such as China and India, the global shunt reactor market is expected to grow at a significant pace.  

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With the latest COVID 19 epidemics, owing to the lockdown strategies being implemented by the different governments around the world, the shunt reactor demand is expected to face a modest decrease.

The increasing need for reliable power and system efficiency is growing the demand for shunt reactors across the globe. In addition, the requirement for protection solution for impulsive voltage is driving the shunt reactors demand. The growing demand for power is one of the major factors fueling the demand for solutions, products, and services related to the energy sector across the world. The demand for shunt reactors in the utility and energy will improve substantially over the forecast period. Furthermore, the increasing demand for power generation sources has led to the number of power projects over the globe, and it is expected to boost the growth of global shunt reactor market.

Some of the leading players operating the global shunt reactors market includes Mitsubishi Electric Power Products, Inc., ABB Ltd, Siemens AG, CG Power, Fuji Electric Co., Ltd., General Electric Company, TBEA Co., Ltd, HICO America, Nissin Electric Co., Ltd, Zaporozhtransformator, and others. 

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Segment Overview of Global Shunt Reactor Market

Type Overview, 2015-2025 (USD Billion)

Oil-immersed Shunt Reactor
Air-Core Dry Shunt Reactor

End-user Overview, 2015-2025 (USD Billion)

Electrical Utilities
Industrial Verticals

Regional Overview, 2015-2025 (USD Billion)

North America
S.
Canada
Mexico
Europe
UK
France
Germany
Rest of Europe
Asia Pacific
India
Japan
China
Rest of APAC
South America
Brazil
Argentina
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of MEA

What does the report include?

The study on the global shunt reactor market includes qualitative factors such as drivers, restraints, and opportunities

Additionally, the market has been evaluated using the Porter’s 5 Forces and Value Chain Analysis.
The study covers the qualitative and quantitative analysis of the market segmented on the basis of type and end-user industry. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
The study includes the profiles of key players in the market with a significant Global and/or regional presence.

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