Dec 11, 2017   SOURCE: BusinessWire

Shunt Reactor Market - Expected to Reach $3.1 Billion by 2022 - Research and Markets

The "Shunt Reactor Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The shunt reactor market is estimated to reach USD 2.56 billion in 2017 and is projected to reach USD 3.19 billion by 2022, at a CAGR of 4.56% from 2017 to 2022.

The increasing demand for electricity, upgrading of the aging technology in developing countries, and the addition of high voltage transmission lines are the driving factors for the shunt reactor market. Developing nations are currently increasing their power generation capacity to satisfy the growing energy demands. Industrialization and urbanization are being majorly seen in the Asia Pacific region, which houses two of the fastest growing economies in the world, India and China. The growing focus toward grid reliability and energy loss minimization during transmission led to the introduction and development of alternative technologies such as FACTS (Flexible AC Transmission System) and HVDC systems act as restraints for the shunt reactor market.

Oil-immersed reactors are expected to be the largest market during the forecast period. The increase in the demand for electricity and rising investments in the T&D infrastructure leads to the addition of high voltage transmission lines to meet the demand for electricity. Thus, with an increase in the T&D infrastructure, the demand for oil-immersed reactors is expected to increase.

The electric utilities end-users segment is projected to have the largest market during the forecast period. The demand for electricity is increasing as various developing nations are engaged in expanding their power generation capacity to provide electricity. The process of industrialization demands the ever-growing need for electricity. The countries are going to renewable energy sources such building power plants to cater the demand for electricity. This would also lead to rising investments toward strengthening the grid along with supporting infrastructures such as transformers and reactors. As the demand for electricity rises, the electric utilities would require more reactors.

Companies Mentioned

  • ABB
  • Crompton Greaves
  • Fuji Electric
  • General Electric
  • Hilkar
  • Mitsubishi Electric
  • Nissin Electric
  • Siemens
  • TBEA
  • Toshiba
  • Trench Group
  • Zaporozhtransformator

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Shunt Reactor Market, By Type

7 Shunt Reactor Market, By End-User

8 Shunt Reactor Market, By Application

9 Shunt Reactor Market, By Region

10 Competitive Landscape

11 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/7h7p2l/shunt_reactor