Global Shunt Reactor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Oil-Immersed, Dry-Type), By End-User (Electrical Utilities, Industry Verticals), And By Geography - Forecasts From 2020 To 2025

Published: May 2021 | Report Code:  KSI061611349 | Pages:  121

The global shunt reactor market is projected to grow at a CAGR of 4.50% to reach the market size of US$3.204 billion by 2025 from US$2.460 billion in 2019. A shunt reactor is a compact device which acts as an absorber of reactive power and in turn boosts the energy efficiency of the system. It is commonly used for reactive power compensation in long high-voltage transmission lines and in cable systems.

Shunt reactors are normally connected to substation bus-bar, often directly to the overhead transmission lines. They can also be connected to tertiary windings of power transformers. Shunt reactor market is continuously growing, facilitating new developments. Increasing non-convention power addition coupled with low power transmission lines is catalyzing the demand for these reactors across key geographic regions.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the shunt reactor value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the global shunt reactor market.

Major industry players profiled as part of the report are ABB Limited., General Electric Company, Nissin Electric Co. Ltd., Mitsubishi Electric, and Toshiba Energy Solutions Corporation among others.

Global Shunt Reactor Market Scope:

Report Metric Details
 Market size value in 2019  US$2.460 billion
 Market size value in 2025  US$3.204 billion
 Growth Rate  CAGR of 4.50% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  ABB, Siemens AG, General Electric Company, Fuji Electric Co. Ltd., Nissin Electric Co.   Ltd., Zaporozhtransformator, Mitsubishi Electric Corporation, CG Power and Industrial   Solutions Limited, Toshiba Energy and Solutions Corporation, HYOSUNG  HEAVY     INDUSTRIES
 Customization scope  Free report customization with purchase



The global shunt reactor market can be segmented based on type, end-user, and geography.

  • By Type
    • Oil-immersed
    • Dry Type
  • By End-User
    • Electrical Utilities
    • Industry Verticals
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Israel
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What is the global shunt reactor market size?
A1. The shunt reactor market was valued at US$2.212 billion in the year 2017.
Q2. What will be the shunt reactor market size by 2023?
A2. The global shunt reactor market is expected to reach a market size of US$2.956 billion by 2023.
Q3. What are the growth prospects for the global shunt reactor market?
A3. The global shunt reactor market is expected to grow at a CAGR of 4.95% over the forecast period.
Q4. Who are the major players in the global shunt reactor market?
A4. Some of the major players in the global shunt reactor market are ABB Limited., General Electric Company, Nissin Electric Co. Ltd., Mitsubishi Electric, and Toshiba Energy Solutions Corporation among others.
Q5. How is the global shunt reactor market segmented?
A5. The global shunt reactor market has been segmented by construction, phase design, end-user, and geography.

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