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Shunt Reactor-Global Market Insights and Sales Trends 2024
Synopsis
A shunt reactor is an absorber of reactive power, thus increasing the energy efficiency of the system. It is the most compact device commonly used for reactive power compensation in long high-voltage transmission lines and in cable systems.
The global Shunt Reactor market size is expected to reach US$ 2871.9 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Shunt Reactor in various end use industries. The expanding demands from the Electric Utilities and Industrial Verticals, are propelling Shunt Reactor market. Oil-immersed, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Air-core segment is estimated at % CAGR for the next seven-year period.
Asia Pacific is currently the largest market for shunt reactors, followed by North America and Europe. China accounted for a majority share in the Asia Pacific region and is projected to grow at the highest CAGR from 2018 to 2023. In developing countries such as China and India, factors such as strong growth in the demand for electricity fueled by high levels of urbanization, industrialization, infrastructural developments, and subsequent investments in developing T&D networks, would spur the demand for shunt reactors. The figure below shows the market sizes for all the regions from 2018 to 2023.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Shunt Reactor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Shunt Reactor market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Shunt Reactor market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Shunt Reactor sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Shunt Reactor covered in this report include ABB, Siemens, Crompton Greaves, GE, Zaporozhtransformator, Fuji Electric, Toshiba, Mitsubishi Electric and Nissin Electric, etc.
The global Shunt Reactor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Crompton Greaves
GE
Zaporozhtransformator
Fuji Electric
Toshiba
Mitsubishi Electric
Nissin Electric
TBEA
Trench Group
Hilkar
Beijing Power Equipment Group
HYOSUNG
Global Shunt Reactor market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Shunt Reactor market, Segment by Type:
Oil-immersed
Air-core
Global Shunt Reactor market, by Application
Electric Utilities
Industrial Verticals
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Shunt Reactor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Shunt Reactor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
A shunt reactor is an absorber of reactive power, thus increasing the energy efficiency of the system. It is the most compact device commonly used for reactive power compensation in long high-voltage transmission lines and in cable systems.
The global Shunt Reactor market size is expected to reach US$ 2871.9 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Shunt Reactor in various end use industries. The expanding demands from the Electric Utilities and Industrial Verticals, are propelling Shunt Reactor market. Oil-immersed, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Air-core segment is estimated at % CAGR for the next seven-year period.
Asia Pacific is currently the largest market for shunt reactors, followed by North America and Europe. China accounted for a majority share in the Asia Pacific region and is projected to grow at the highest CAGR from 2018 to 2023. In developing countries such as China and India, factors such as strong growth in the demand for electricity fueled by high levels of urbanization, industrialization, infrastructural developments, and subsequent investments in developing T&D networks, would spur the demand for shunt reactors. The figure below shows the market sizes for all the regions from 2018 to 2023.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Shunt Reactor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Shunt Reactor market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Shunt Reactor market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Shunt Reactor sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Shunt Reactor covered in this report include ABB, Siemens, Crompton Greaves, GE, Zaporozhtransformator, Fuji Electric, Toshiba, Mitsubishi Electric and Nissin Electric, etc.
The global Shunt Reactor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
ABB
Siemens
Crompton Greaves
GE
Zaporozhtransformator
Fuji Electric
Toshiba
Mitsubishi Electric
Nissin Electric
TBEA
Trench Group
Hilkar
Beijing Power Equipment Group
HYOSUNG
Global Shunt Reactor market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Shunt Reactor market, Segment by Type:
Oil-immersed
Air-core
Global Shunt Reactor market, by Application
Electric Utilities
Industrial Verticals
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Shunt Reactor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Shunt Reactor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Shunt Reactor Market Overview
1.1 Shunt Reactor Product Overview
1.2 Shunt Reactor Market Segment by Type
1.2.1 Oil-immersed
1.2.2 Air-core
1.3 Global Shunt Reactor Market Size by Type
1.3.1 Global Shunt Reactor Market Size Overview by Type (2018-2029)
1.3.2 Global Shunt Reactor Historic Market Size Review by Type (2018-2023)
1.3.3 Global Shunt Reactor Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Shunt Reactor Sales Breakdown by Type (2018-2023)
1.4.2 Europe Shunt Reactor Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Shunt Reactor Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Shunt Reactor Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Shunt Reactor Sales Breakdown by Type (2018-2023)
2 Global Shunt Reactor Market Competition by Company
2.1 Global Top Players by Shunt Reactor Sales (2018-2023)
2.2 Global Top Players by Shunt Reactor Revenue (2018-2023)
2.3 Global Top Players by Shunt Reactor Price (2018-2023)
2.4 Global Top Manufacturers Shunt Reactor Manufacturing Base Distribution, Sales Area, Product Type
2.5 Shunt Reactor Market Competitive Situation and Trends
2.5.1 Shunt Reactor Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Shunt Reactor Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Shunt Reactor as of 2022)
2.7 Date of Key Manufacturers Enter into Shunt Reactor Market
2.8 Key Manufacturers Shunt Reactor Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Shunt Reactor Status and Outlook by Region
3.1 Global Shunt Reactor Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Shunt Reactor Historic Market Size by Region
3.2.1 Global Shunt Reactor Sales in Volume by Region (2018-2023)
3.2.2 Global Shunt Reactor Sales in Value by Region (2018-2023)
3.2.3 Global Shunt Reactor Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Shunt Reactor Forecasted Market Size by Region
3.3.1 Global Shunt Reactor Sales in Volume by Region (2024-2029)
3.3.2 Global Shunt Reactor Sales in Value by Region (2024-2029)
3.3.3 Global Shunt Reactor Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Shunt Reactor by Application
4.1 Shunt Reactor Market Segment by Application
4.1.1 Electric Utilities
4.1.2 Industrial Verticals
4.2 Global Shunt Reactor Market Size by Application
4.2.1 Global Shunt Reactor Market Size Overview by Application (2018-2029)
4.2.2 Global Shunt Reactor Historic Market Size Review by Application (2018-2023)
4.2.3 Global Shunt Reactor Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Shunt Reactor Sales Breakdown by Application (2018-2023)
4.3.2 Europe Shunt Reactor Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Shunt Reactor Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Shunt Reactor Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Shunt Reactor Sales Breakdown by Application (2018-2023)
5 North America Shunt Reactor by Country
5.1 North America Shunt Reactor Historic Market Size by Country
5.1.1 North America Shunt Reactor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Shunt Reactor Sales in Volume by Country (2018-2023)
5.1.3 North America Shunt Reactor Sales in Value by Country (2018-2023)
5.2 North America Shunt Reactor Forecasted Market Size by Country
5.2.1 North America Shunt Reactor Sales in Volume by Country (2024-2029)
5.2.2 North America Shunt Reactor Sales in Value by Country (2024-2029)
6 Europe Shunt Reactor by Country
6.1 Europe Shunt Reactor Historic Market Size by Country
6.1.1 Europe Shunt Reactor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Shunt Reactor Sales in Volume by Country (2018-2023)
6.1.3 Europe Shunt Reactor Sales in Value by Country (2018-2023)
6.2 Europe Shunt Reactor Forecasted Market Size by Country
6.2.1 Europe Shunt Reactor Sales in Volume by Country (2024-2029)
6.2.2 Europe Shunt Reactor Sales in Value by Country (2024-2029)
7 Asia-Pacific Shunt Reactor by Region
7.1 Asia-Pacific Shunt Reactor Historic Market Size by Region
7.1.1 Asia-Pacific Shunt Reactor Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Shunt Reactor Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Shunt Reactor Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Shunt Reactor Forecasted Market Size by Region
7.2.1 Asia-Pacific Shunt Reactor Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Shunt Reactor Sales in Value by Region (2024-2029)
8 Latin America Shunt Reactor by Country
8.1 Latin America Shunt Reactor Historic Market Size by Country
8.1.1 Latin America Shunt Reactor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Shunt Reactor Sales in Volume by Country (2018-2023)
8.1.3 Latin America Shunt Reactor Sales in Value by Country (2018-2023)
8.2 Latin America Shunt Reactor Forecasted Market Size by Country
8.2.1 Latin America Shunt Reactor Sales in Volume by Country (2024-2029)
8.2.2 Latin America Shunt Reactor Sales in Value by Country (2024-2029)
9 Middle East and Africa Shunt Reactor by Country
9.1 Middle East and Africa Shunt Reactor Historic Market Size by Country
9.1.1 Middle East and Africa Shunt Reactor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Shunt Reactor Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Shunt Reactor Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Shunt Reactor Forecasted Market Size by Country
9.2.1 Middle East and Africa Shunt Reactor Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Shunt Reactor Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 ABB
10.1.1 ABB Company Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.1.4 ABB Shunt Reactor Products Offered
10.1.5 ABB Recent Development
10.2 Siemens
10.2.1 Siemens Company Information
10.2.2 Siemens Introduction and Business Overview
10.2.3 Siemens Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Siemens Shunt Reactor Products Offered
10.2.5 Siemens Recent Development
10.3 Crompton Greaves
10.3.1 Crompton Greaves Company Information
10.3.2 Crompton Greaves Introduction and Business Overview
10.3.3 Crompton Greaves Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Crompton Greaves Shunt Reactor Products Offered
10.3.5 Crompton Greaves Recent Development
10.4 GE
10.4.1 GE Company Information
10.4.2 GE Introduction and Business Overview
10.4.3 GE Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.4.4 GE Shunt Reactor Products Offered
10.4.5 GE Recent Development
10.5 Zaporozhtransformator
10.5.1 Zaporozhtransformator Company Information
10.5.2 Zaporozhtransformator Introduction and Business Overview
10.5.3 Zaporozhtransformator Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Zaporozhtransformator Shunt Reactor Products Offered
10.5.5 Zaporozhtransformator Recent Development
10.6 Fuji Electric
10.6.1 Fuji Electric Company Information
10.6.2 Fuji Electric Introduction and Business Overview
10.6.3 Fuji Electric Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Fuji Electric Shunt Reactor Products Offered
10.6.5 Fuji Electric Recent Development
10.7 Toshiba
10.7.1 Toshiba Company Information
10.7.2 Toshiba Introduction and Business Overview
10.7.3 Toshiba Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Toshiba Shunt Reactor Products Offered
10.7.5 Toshiba Recent Development
10.8 Mitsubishi Electric
10.8.1 Mitsubishi Electric Company Information
10.8.2 Mitsubishi Electric Introduction and Business Overview
10.8.3 Mitsubishi Electric Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Mitsubishi Electric Shunt Reactor Products Offered
10.8.5 Mitsubishi Electric Recent Development
10.9 Nissin Electric
10.9.1 Nissin Electric Company Information
10.9.2 Nissin Electric Introduction and Business Overview
10.9.3 Nissin Electric Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Nissin Electric Shunt Reactor Products Offered
10.9.5 Nissin Electric Recent Development
10.10 TBEA
10.10.1 TBEA Company Information
10.10.2 TBEA Introduction and Business Overview
10.10.3 TBEA Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.10.4 TBEA Shunt Reactor Products Offered
10.10.5 TBEA Recent Development
10.11 Trench Group
10.11.1 Trench Group Company Information
10.11.2 Trench Group Introduction and Business Overview
10.11.3 Trench Group Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Trench Group Shunt Reactor Products Offered
10.11.5 Trench Group Recent Development
10.12 Hilkar
10.12.1 Hilkar Company Information
10.12.2 Hilkar Introduction and Business Overview
10.12.3 Hilkar Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Hilkar Shunt Reactor Products Offered
10.12.5 Hilkar Recent Development
10.13 Beijing Power Equipment Group
10.13.1 Beijing Power Equipment Group Company Information
10.13.2 Beijing Power Equipment Group Introduction and Business Overview
10.13.3 Beijing Power Equipment Group Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Beijing Power Equipment Group Shunt Reactor Products Offered
10.13.5 Beijing Power Equipment Group Recent Development
10.14 HYOSUNG
10.14.1 HYOSUNG Company Information
10.14.2 HYOSUNG Introduction and Business Overview
10.14.3 HYOSUNG Shunt Reactor Sales, Revenue and Gross Margin (2018-2023)
10.14.4 HYOSUNG Shunt Reactor Products Offered
10.14.5 HYOSUNG Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Shunt Reactor Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Shunt Reactor Industrial Chain Analysis
11.4 Shunt Reactor Market Dynamics
11.4.1 Shunt Reactor Industry Trends
11.4.2 Shunt Reactor Market Drivers
11.4.3 Shunt Reactor Market Challenges
11.4.4 Shunt Reactor Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Shunt Reactor Distributors
12.3 Shunt Reactor Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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