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Shunt Reactor Market: Global Forecast until 2022

  • November 2017
  • 121 pages
  • ID: 5220262
In this report:
The oil-immersed type shunt reactor segment dominated the Indian market with USD ##.## million in 2016 and is expected to grow from an estimated USD ##.## million in 2017 to a projected USD ##.## million by 2022, at a CAGR of ##.##%, during the forecast period.
The variable shunt reactor segment led the shunt reactor market with a share of ##.##% in 2016, and is expected to grow at a CAGR of ##.##% from 2017 to 2022.


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"The shunt reactor market is estimated to rise at a compound annual growth rate of ~4.6 percent between 2017 and 2022"

The shunt reactor market is forecasted to reach ~$2.6B in 2017 and is projected to extend ~$3.2B by 2022, at a compound annual growth rate of ~4.6 percent between 2017 and 2022. The growing 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 rising their power generation capacity to satisfy the increasing energy demands. Industrialization and urbanization are being mainly seen in the Asia Pacific area, which houses two of the quickest increasing economies in the globe, India (IN) and China (CN).

The increasing focus toward grid reliability and energy loss minimization during transmission led to the introduction and development of alternative technologies including FACTS and HVDC systems act as industry restraints for the shunt reactor market.

"The oil-immersed type segment is anticipated to rise at the maximal compound annual growth rate (CAGR) between 2017 and 2022"

Oil-immersed reactors are anticipated to be the biggest industry during the outlook period. The growth in the sector demand for electricity and growing investments in the T&D infrastructure leads to the addition of high voltage transmission lines to meet the market demand for electricity. Therefore, with a rise in the T&D infrastructure, the industry demand for oil-immersed reactors is anticipated to growth.

"The electric utilities end-user segment is anticipated to be the largest industry during the estimate period"

The electric utilities end-users segment is forecasted to have the biggest market during the outlook period. The sector demand for electricity is growing as different developing nations are engaged in expanding their power generation capacity to offer 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 market demand for electricity. This would also lead to increasing investments toward strengthening the grid together with supporting infrastructures including transformers and reactors. As the industry demand for electricity rises, the electric utilities would require more reactors.

"APAC is anticipated to grow at the highest CAGR (Compound annual growth rate) between 2017 and 2022"

The Asia Pacific area is currently the biggest market for shunt reactors, succeeded by North America continent and Europe (EU). China (CN) recorded for a majority share in Asia-Pac in 2014 and is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022. The growing demand for shunt reactors in Asia Pacific (APAC) is due to the increasing investments in utilities, which would result in improved grid reliability. The addition of high voltage transmission network and growing investments in renewable sources are likely to attribute the increase of the shunt reactor market in the Asia Pacific area.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 40.0 percent, Tier 2 35.0 percent, Tier 3 25.0 percent

By Designation: C-Level- 75.0 percent, Manager Level- 25.0 percent

By area: North america (NA) - 15.0 percent, Europe - 25.0 percent, Asia Pacific- 40.0 percent, Middle East and Africa - 15.0 percent, South America - 5.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined based on their full revenue, as of 2016: Tier 1 = >USD 5 billion, Tier 2 = > $0.50B to $5.0B, and Tier 3 =

Key players in this market have been profiled with their new developments and other strategic activities. These include GE, Siemens, ABB, and Crompton Greaves.

Segment Research

From an insight prospect, this market research has emphasized several levels of analysis, that is, industry study, market share research of top players, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape, coming out and high-growth segments of the shunt reactor market, high-growth areas, and sector drivers, market restraints, and alternatives.

The analysis offers business insights into these pointers:

• Market Uptake: Exhaustive data on products and integrated solutions and services provided by the top actors in the overall shunt reactor market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the shunt reactor market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the industries for shunt reactors across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall shunt reactor market

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