Report Summary
Summary
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.
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 2020 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 2020 to 2023.
The global Shunt Reactor market was 2040 million US$ in 2020 and is expected to 2880 million US$ by the end of 2027, growing at a CAGR of 4.4% between 2021 and 2027.
This report studies the Shunt Reactor market size (value and volume) by players, regions, product types and end industries, history data 2017-2020 and forecast data 2020-2027; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Shunt Reactor in these regions, from 2017 to 2027, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
ABB
Siemens
Crompton Greaves
GE
Zaporozhtransformator
Fuji Electric
Toshiba
Mitsubishi Electric
Nissin Electric
TBEA
Trench Group
Hilkar
Beijing Power Equipment Group
HYOSUNG
By the product type, the market is primarily split into
Oil-Immersed
Air-Core
By the end users/application, this report covers the following segments
Electric Utilities
Industrial Verticals
We can also provide the customized separate regional or country-level reports, for the following regions:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Shunt Reactor market size (value & volume) by company, key regions/countries, products and application, history data from 2017 to 2020, and forecast to 2027.
To understand the structure of Shunt Reactor market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Shunt Reactor manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Shunt Reactor with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Shunt Reactor submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Shunt Reactor are as follows:
History Year: 2017-2020
Base Year: 2020
Estimated Year: 2020
Forecast Year 2021 to 2027
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Shunt Reactor market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders
Raw material suppliers
Distributors/traders/wholesalers/suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
End-use industries
Available Customizations
With the given market data, EternityInsights offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Shunt Reactor market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.
Table Of Contents
Table of Contents
1 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 Sales and Growth by Type
1.3.2 Global Shunt Reactor Sales and Market Share by Type (2017-2020)
1.3.3 Global Shunt Reactor Revenue and Market Share by Type (2017-2020)
1.3.4 Global Shunt Reactor Price by Type (2017-2020)
2 Global Shunt Reactor Market Competition by Company
2.1 Global Shunt Reactor Sales and Market Share by Company (2017-2020)
2.2 Global Shunt Reactor Revenue and Share by Company (2017-2020)
2.3 Global Shunt Reactor Price by Company (2017-2020)
2.4 Global Top Players Shunt Reactor Manufacturing Base Distribution, Sales Area, Product Types
2.5 Shunt Reactor Market Competitive Situation and Trends
2.5.1 Shunt Reactor Market Concentration Rate
2.5.2 Global Shunt Reactor Market Share of Top 5 and Top 10 Players
2.5.3 Mergers & Acquisitions, Expansion
3 Shunt Reactor Company Profiles and Sales Data
3.1 ABB
3.1.1 Company Basic Information, Manufacturing Base and Competitors
3.1.2 Shunt Reactor Product Category, Application and Specification
3.1.3 ABB Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.1.4 Main Business Overview
3.2 Siemens
3.2.1 Company Basic Information, Manufacturing Base and Competitors
3.2.2 Shunt Reactor Product Category, Application and Specification
3.2.3 Siemens Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.2.4 Main Business Overview
3.3 Crompton Greaves
3.3.1 Company Basic Information, Manufacturing Base and Competitors
3.3.2 Shunt Reactor Product Category, Application and Specification
3.3.3 Crompton Greaves Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.3.4 Main Business Overview
3.4 GE
3.4.1 Company Basic Information, Manufacturing Base and Competitors
3.4.2 Shunt Reactor Product Category, Application and Specification
3.4.3 GE Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.4.4 Main Business Overview
3.5 Zaporozhtransformator
3.5.1 Company Basic Information, Manufacturing Base and Competitors
3.5.2 Shunt Reactor Product Category, Application and Specification
3.5.3 Zaporozhtransformator Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.5.4 Main Business Overview
3.6 Fuji Electric
3.6.1 Company Basic Information, Manufacturing Base and Competitors
3.6.2 Shunt Reactor Product Category, Application and Specification
3.6.3 Fuji Electric Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.6.4 Main Business Overview
3.7 Toshiba
3.7.1 Company Basic Information, Manufacturing Base and Competitors
3.7.2 Shunt Reactor Product Category, Application and Specification
3.7.3 Toshiba Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.7.4 Main Business Overview
3.8 Mitsubishi Electric
3.8.1 Company Basic Information, Manufacturing Base and Competitors
3.8.2 Shunt Reactor Product Category, Application and Specification
3.8.3 Mitsubishi Electric Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.8.4 Main Business Overview
3.9 Nissin Electric
3.9.1 Company Basic Information, Manufacturing Base and Competitors
3.9.2 Shunt Reactor Product Category, Application and Specification
3.9.3 Nissin Electric Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.9.4 Main Business Overview
3.10 TBEA
3.10.1 Company Basic Information, Manufacturing Base and Competitors
3.10.2 Shunt Reactor Product Category, Application and Specification
3.10.3 TBEA Shunt Reactor Sales, Revenue, Price and Gross Margin(2017-2020)
3.10.4 Main Business Overview
3.11 Trench Group
3.12 Hilkar
3.13 Beijing Power Equipment Group
3.14 HYOSUNG
4 Shunt Reactor Market Status and Outlook by Regions
4.1 Global Market Status and Outlook by Regions
4.1.1 Global Shunt Reactor Market Size and CAGR by Regions
4.1.2 North America
4.1.3 Asia-Pacific
4.1.4 Europe
4.1.5 South America
4.1.6 Middle East and Africa
4.2 Global Shunt Reactor Sales and Revenue by Regions
4.2.1 Global Shunt Reactor Sales and Market Share by Regions (2017-2020)
4.2.2 Global Shunt Reactor Revenue and Market Share by Regions (2017-2020)
4.2.3 Global Shunt Reactor Sales, Revenue, Price and Gross Margin (2017-2020)
4.3 North America Shunt Reactor Sales, Revenue, Price and Gross Margin
4.3.1 United States
4.3.2 Canada
4.3.3 Mexico
4.4 Europe Shunt Reactor Sales, Revenue, Price and Gross Margin
4.4.1 Germany
4.4.2 UK
4.4.3 France
4.4.4 Italy
4.4.5 Russia
4.4.6 Turkey
4.5 Asia-Pacific Shunt Reactor Sales, Revenue, Price and Gross Margin
4.5.1 China
4.5.2 Japan
4.5.3 Korea
4.5.4 Southeast Asia
4.5.4.1 Indonesia
4.5.4.2 Thailand
4.5.4.3 Malaysia
4.5.4.4 Philippines
4.5.4.5 Vietnam
4.5.5 India
4.5.6 Australia
4.6 South America Shunt Reactor Sales, Revenue, Price and Gross Margin
4.6.1 Brazil
4.7 Middle East and Africa Shunt Reactor Sales, Revenue, Price and Gross Margin
4.7.1 Egypt
4.7.2 GCC Countries
5 Shunt Reactor Application/End Users
5.1 Shunt Reactor Segment by Application
5.1.1 Electric Utilities
5.1.2 Industrial Verticals
5.2 Global Shunt Reactor Product Segment by Application
5.2.1 Global Shunt Reactor Sales by Application
5.2.2 Global Shunt Reactor Sales and Market Share by Application (2017-2020)
6 Global Shunt Reactor Market Forecast
6.1 Global Shunt Reactor Sales, Revenue Forecast (2021-2027)
6.1.1 Global Shunt Reactor Sales and Growth Rate Forecast (2021-2027)
6.1.1 Global Shunt Reactor Revenue and Growth Rate Forecast (2021-2027)
6.2 Global Shunt Reactor Forecast by Regions
6.2.1 North America Shunt Reactor Sales and Revenue Forecast (2021-2027)
6.2.2 Europe Shunt Reactor Sales and Revenue Forecast (2021-2027)
6.2.3 Asia-Pacific Shunt Reactor Sales and Revenue Forecast (2021-2027)
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 Korea
6.2.3.4 Southeast Asia
6.2.3.5 India
6.2.3.6 Australia
6.2.4 South America Shunt Reactor Sales and Revenue Forecast (2021-2027)
6.2.5 Middle East and Africa Shunt Reactor Sales and Revenue Forecast (2021-2027)
6.2.5.1 Egypt
6.2.5.2 GCC Countries
6.3 Shunt Reactor Forecast by Type
6.3.1 Global Shunt Reactor Sales and Revenue Forecast by Type (2021-2027)
6.3.2 Oil-Immersed Gowth Forecast
6.3.3 Air-Core Gowth Forecast
6.4 Shunt Reactor Forecast by Application
6.4.1 Global Shunt Reactor Sales Forecast by Application (2021-2027)
6.4.2 Global Shunt Reactor Forecast in Electric Utilities
6.4.3 Global Shunt Reactor Forecast in Industrial Verticals
7 Shunt Reactor Upstream Raw Materials
7.1 Shunt Reactor Key Raw Materials
7.1.1 Key Raw Materials
7.1.2 Key Raw Materials Price
7.1.3 Raw Materials Key Suppliers
7.2 Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Shunt Reactor Industrial Chain Analysis
8 Marketing Strategy Analysis, Distributors
8.1 Marketing Channel
8.1.1 Direct Marketing
8.1.2 Indirect Marketing
8.1.3 Marketing Channel Development Trend
8.2 Distributors
8.3 Downstream Customers
9 Research Findings and Conclusion
Appendix
Methodology/Research Approach
Research Programs/Design
Market Size Estimation
Market Breakdown and Data Triangulation
Data Source
Secondary Sources
Primary Sources
Disclaimer
