Automotive and Transportation Shunt Reactor Market

Market Definition

This increase can be due to the electricity demand, the upgrading of ageing technology in developing countries, and the expansion and improvement of the transmission and distribution networks. During the forecast period, the oil-immersed segment is expected to rise at the fastest rate. Oil-immersed shunt reactors, which are wired directly to the high-voltage busbar/transmission network, are typically used for systems with a voltage profile of 72.5 kV and above. Oil-immersed shunt reactors are projected to be in high demand in the North American and European markets. Air-core dry shunt reactors are typically used for system voltages below 72.5 kV and are integrated into the system through the tertiary winding of a power transformer connected to the compensated overhead line. The global demand for electrical services is projected to be dominated by this segment. The rise in investments in T&D infrastructure, as well as the augmentation and modernization of the T&D network, is due to the increasing industrialization and urbanisation in developing countries around the world. In recent years, demand for shunt reactors has been driven by smart grid technologies and investments in renewable energy sources. Renewable energy projects are being prioritised by European and American countries for power generation. Renewable energy sources, unlike large power plants, produce volatile and fluctuating active power, which can be compensated with shunt reactors. As a result, the demand is expected to be driven by the increasing adoption of renewable energy sources in the near future. Rising businesses and rapid industrialization in Asia Pacific's developing economies, as well as the Middle East and Africa, are expected to propel the market forward during the forecast era. The field with the largest market share is projected to be Asia Pacific. In the Asia Pacific region, China has the largest market share and is expected to expand at the fastest pace during the forecast period. Factors such as strong growth in electricity demand driven by high levels of urbanisation, industrialization, infrastructural developments, and subsequent investments in expanding T&D networks will spur demand for shunt reactors in developing countries such as China and India. 

Report Scope

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of regional and country-level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes a detailed competitive outlook covering market shares and profiles key participants in the market share. 

Major Market Players

Key market players include GE ABB, Siemens, Crompton Greaves, General Electric, Zaporozhtransformator, Fuji Electric, Toshiba, Mitsubishi Electric, Nissin Electric, TBEA, Trench Group, Hilkar.

The Shunt Reactor Market report has been categorized as below

By Type

  • Oil immersed shunt reactors
  • Air-core shunt reactors

By End-User

  • Electric utilities
  • Industrial verticals

By Application

  • Variable shunt reactor
  • Fixed shunt reactor

 By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • South America
  • Middle East and Africa

The years considered for the study are as follows:

  • Base year - 2020
  • Estimated year - 2021
  • Projected year - 2022
  • Forecast period - 2021 to 2027

Key Questions Addressed by the Report

  • New products/service competitor are exploring?
  • Key players in the market and how intense is the competition?
  • What are the upcoming industry trends that manufacturers are focusing on in the future updates?
  • For each segment, what are the significant opportunities in the market?
  • What are the key growth strategies adopted by major market players in the market?
  • What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

  • Gain comprehensive insights on the Shunt Reactor industry & market trends
  • Note complete analysis of the market status
  • Recognize the market opportunities and growth segments
  • Evaluating business segments & product portfolios, and interpret competitive dynamics
  • Facilitate strategy planning and industry dynamics to strengthen decision making

Report Content

  1. Shunt Reactor Market Introduction
  2. Key Insights
  3. Report Overview
  4. Markets Covered
  5. Stakeholders
  6. Research Methodology
  7. Research Scope
  8. Market Research Process
  9. Research Data Analysis
  10. Market Size Estimation
  11. Executive Summary
  12. Market Overview
  13. Introduction 
  14. Market Drivers and Restraints
  15. By Type
  16. Oil immersed shunt reactors
  17. Air-core shunt reactors
  18. By End-User
  19. Electric utilities
  20. Industrial verticals
  21. By Application
  22. Variable shunt reactor
  23. Fixed shunt reactor
  24. By Region
  25. Key Points
  26. North America
  27. US
  28. Canada
  29. Mexico
  30. Europe
  31. Germany
  32. France
  33. Italy
  34. UK
  35. Rest of World
  36. Asia Pacific
  37. Japan
  38. China
  39. India
  40. Australia
  41. Rest of Asia Pacific
  42. Rest of the World
  43. South America
  44. Middle East and Africa
  45. Company Profile

(Profile contain company overview, products/services, financials & recent developments)

  1. ABB
  2. Siemens
  3. Crompton Greaves
  4. General Electric
  5. Zaporozhtransformator
  6. Fuji Electric
  7. Toshiba
  8. Mitsubishi Electric
  9. Nissin Electric
  10. TBEA
  11. Trench Group
  12. Hilkar

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