1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends

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.

Summary

Table of Contents

Search Inside

"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

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Digital Substation Market: Global Forecast until 2023

  • $ 5650
  • Industry report
  • October 2017
  • by MarketsandMarkets

“The growing demand for flexible substation solutions and low-cost devices is driving the adoption of digital substations in various industries”The digital substation market is expected to grow from ...

Distributed Generation Market: Global Forecast until 2022

  • $ 5650
  • Industry report
  • November 2017
  • by MarketsandMarkets

The distributed generation market is projected to grow at a CAGR of 11.48%, from 2017 to 2022The distributed generation market is projected to reach from USD 60.04 billion in 2017 to USD 103.38 billion, ...

Smart Transformer Sector: Worldwide Forecast until 2021

  • $ 3500
  • Industry report
  • November 2017
  • by Infiniti Research Limited

About Smart TransformerSmart transformers, also known as solid-state transformers, control the electric distribution grid. They provide optimized voltage by maintaining the contact with the smart grid ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.