Categories: Energy and Power

Global Shunt Reactor Market – Analysis and future growth opportunities by 2019-2024

Global Shunt Reactor Market Research Report

Market Overview

With the rapid development of emerging countries in last decade coupled with rising population the demand for power is set to grow on average by nearly 3% per year over the current and next decade. Moreover, this moderate growth will intensify the power demand by more than half of its current level between and now and 2030. The rising demand for power across the globe will impel the demand for products, services and solutions for energy sector around the world. Shunt reactor demand for the energy and utility will grow significantly in coming years in-mid of growing electricity demand. Moreover, growing demand for renewable sources of power generation has led to the various power projects across the globe, providing the boost to the shunt reactors market.
Goldstein Research analyst forecast the global shunt reactors market to grow at a CAGR of 8.4% during the period 2016-2024. Further, the global shunt reactors market is predicted to reach USD 4.2 billion by the end of forecast period.
Covered in this Global Shunt Reactors market report
The report covers the present ground scenario and the future growth prospects of the global Shunt Reactors market for 2016-2024 along with the total sales of shunt reactor products in every region. We calculated the market size and revenue share on the basis of revenue generated from the sales of shunt reactors to various end user industries across the globe.

Access Full Report with TOC @ https://www.planetmarketreports.com/reports/global-shunt-reactors-market-1707

Global Shunt Reactors – Market Segmentation
By Product Type
• Fixed Shunt Reactor
• Variable Shunt Reactor
By Voltage Rating
• Less than 200 KV
• 200-400 KV
• Greater than 400 KV
By Insulation Type
• Dry-Type
• Liquid-Type
By End User
• Energy and Utility Sector
• Industrial Sector
• Infrastructure
By Geography
• North America US, Canada {Market Share % , Market Size USD Billion , Sales Million Units }
• Europe UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe {Market Share % , Market Size USD Billion , Sales Million Units }
• Middle East and Africa GCC Countries, North Africa, South Africa and Rest of Middle East & Africa {Market Share % , Market Size USD Billion , Sales Million Units }
• Latin America Brazil, Mexico and Rest of Latin America {Market Share % , Market Size USD Billion , Sales Million Units }
• Asia Pacific China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific {Market Share % , Market Size USD Billion , Sales Million Units }
• Rest of the World{Market Share % , Market Size USD Billion , Sales Million Units }
On the basis of insulation type liquid type or oil immersed shunt reactors dominated the global shunt reactors market with more than 70% market share in 2016. The segment is projected to remain dominant over the forecast period, with CAGR of 8.0% over the forecast period.
Global Shunt Reactors Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Shunt Reactors market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Shunt Reactors market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global Shunt Reactors market report comprises of the following companies as the key players in the global Shunt Reactors market: ABB, Alstom, Siemens, General Electric GE , Schneider Electric, ASEA Brown Boveri Group, Crompton Greaves Ltd., Hyundai Heavy Industries Co. Ltd., Mitsubishi Electric Corporation, Tebian Electric Apparatus, Bharat Heavy Electricals Limited, Toshiba Corporation and Motech Industries and Kollmorgen Corp.
According to our global Shunt Reactors market study on the basis of extensive primary and secondary research, one of the major trend that driving the growth of shunt reactors market is large scale projects in developed regions for the modernization of outdated and inadequate power and supply network of electricity in developed regions. For instance, U.S is making significant investments for up gradation of its existing power generation and distribution infrastructure so that USD 80 billion could be saved which U.S. loses per year due to indirect cost of power failures.
According to the report, major driver in global shunt reactor market is the rising CO2 emission across the globe owing to which new renewable power generating plants are setting up at large scale across the globe in order to achieve rising demand for electricity with lower CO2 emission. For instance, Europe could save some more than USD 46 billion in its drive to expand power generation from renewable resources by 2030.
Further, the report states that one challenge in global shunt reactors market is presence of local players. Major players are providing highly efficient shunt reactors with longer life span which is likely to obstruct the demand for new shunt reactors as the demand for replacement products will decline over the forecast period.
Geographically, Asia Pacific region dominated the global shunt reactor market, accounted for more than 28% revenue share in global market owing to huge government expenditure over energy sector and rapid urbanization. Asia Pacific region is anticipated to be the fastest growing shunt reactor market owing to huge investment towards the development and up gradation of power and transmission infrastructure in the region. The developing regions of Africa such as Nigeria provide immense potential for the growth of shunt reactors market as the region is witnessing significant growth in urbanization with augmented demand for electricity in urban as well as in rural areas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send us the sample request.
Key questions answered in this global shunt reactor market report
• What is the total market size by 2024 and what would be the expected growth rate of sales?
• What are the total sales in 2015-16 Units and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.

Customizations available

In case of any queries or customization requirements please connect with our sales team sales@planetmarketreports.com, which will ensure that your requirements are met.

Browse a Free Sample Report @ https://www.planetmarketreports.com/report-sample/global-shunt-reactors-market-1707

About Us:

Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe.  We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.

We have statistical surveying reports from number of top publishers and update our reports collections on daily basis with most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns. We help you in your buy choice by mapping your data needs with our immense accumulation of reports.

Contact US:- 

Name: Jennifer Daniel

Email-Id: sales@planetmarketreports.com

US: +1-716-2260907

UK: +447441952057

Organization: Planet Market Reports

Priti

Recent Posts

Challenges facing the Construction Industry (MENA) Post Pandemic 2021

As the world economy struggles to recover from the pandemic, the vaccination drive spells hope…

3 years ago

UAE firms need a bridge to International Markets says Xentrix Global

UAE based companies and agencies have no option but to penetrate new markets more effectively…

3 years ago

Forecast of Global Sodium Chloride Injection Market Analysis 2015-2019

Latest Report on Global Sodium Chloride Injection including Market Landscape, and Market size, Revenues by…

3 years ago

2020-2025 Global Varicose Vein Treatment Devices Market Forecast and Market Analysis of 2015-2019

Latest Report on Global Varicose Vein Treatment Devices including Market Landscape, and Market size, Revenues…

3 years ago

Colorectal Cancer Therapeutics Market Forecast Report for 2020-2025

Latest Report on Global Colorectal Cancer Therapeutics Market including Market Landscape, and Market size, Revenues by players,…

3 years ago

International Schools Partnership invites Students to Share their Love for the UAE through Poetry

To celebrate World Poetry Day, International Schools Partnership (ISP) has launched a student Poetry Contest…

4 years ago