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Shunt Reactor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global shunt reactor market was worth US$ 2.7 Billion in 2018. Shunt reactor is an equipment that is used to absorb reactive power in a power supply system. It is a compact device that compensates power in long high-voltage transmission lines and cable systems by transmitting energy directly to the power line. Its key function is to consume excess reactive energy generated by overhead lines under low load conditions and stabilize the system voltage. Shunt reactors are also employed to improve the stability and efficiency of energy transmission through variable rating in cases of slow load variation. They can be connected to the tertiary winding of three winding transformers or directly to the power line. They find extensive application across various industries due to their low maintenance requirement and operational costs and minimal fire hazard probabilities. 

Global Shunt Reactor Market Report

The growing energy demand is one of the key factors driving the market growth. There is an increasing need for efficient power systems to ensure uninterrupted supply of power. The demand for shunt reactor is also driven by the need for reduced losses in power transmissions, modern transmission and distribution (T&D) networks and their extensive utilization in different renewable energy systems. Additionally, growing investments in smart grid technologies are further contributing to the growth of the market. The application of shunt reactor is also associated with reduced carbon footprint and voltage jumps, thus contributing to their demand. Factors such as favorable government policies promoting the development of high voltage transmission systems and increasing focus on research and development (R&D) activities are further catalyzing the growth of the market. Looking forward, IMARC Group expects the market to reach a value of US$ 3.6 Billion by 2024, registering a CAGR of around 5% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Type:
    • Oil-Immersed
    • Air-Core
       
  • Market Breakup by End-User:
    • Electric Utilities
    • Industrial Verticals
       
  • Market Breakup by Application:
    • Variable Reactor
    • Fixed Reactor
       
  • Market Breakup by Region:
    • North America
    • Asia Pacific
    • Europe
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being ABB, General Electric, Siemens, Nissin Electric, Zaporozhtransformator, Crompton Greaves, Alstom SA, Hyundai Heavy Industries, Mitsubishi Electric, Hitachi, Toshiba, Hilkar, Fuji Electric, TBEA, Trench Group, etc.

Key Questions Answered in This Report:

  • How has the global stunt reactor market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global stunt reactor industry?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end-user?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global stunt reactor industry?
  • What are the key driving factors and challenges in the global stunt reactor industry?
  • What is the structure of the global stunt reactor industry and who are the key players?
  • What is the degree of competition in the global stunt reactor industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Stunt Reactor Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Type
    5.4    Market Breakup by End-User
    5.5    Market Breakup by Application
    5.6    Market Breakup by Region
    5.7    Market Forecast
6    Market Breakup by Type
    6.1    Oil-Immersed
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Air-Core
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by End-User
    7.1    Electric Utilities
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Industrial Verticals
        7.2.1    Market Trends
        7.2.2    Market Forecast
8    Market Breakup by Application
    8.1    Variable Reactor
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Fixed Reactor
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Asia Pacific
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Europe
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porter’s Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    ABB
        14.3.2    General Electric
        14.3.3    Siemens
        14.3.4    Nissin Electric
        14.3.5    Zaporozhtransformator
        14.3.6    Crompton Greaves
        14.3.7    Alstom SA
        14.3.8    Hyundai Heavy Industries
        14.3.9    Mitsubishi Electric
        14.3.10     Hitachi
        14.3.11     Toshiba
        14.3.12     Hilkar
        14.3.13     Fuji Electric
        14.3.14     TBEA
        14.3.15     Trench Group 

List of Figures

Figure 1: Global: Stunt Reactor Market: Major Drivers and Challenges
Figure 2: Global: Stunt Reactor Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Stunt Reactor Market: Breakup by Type (in %), 2018
Figure 4: Global: Stunt Reactor Market: Breakup by End-User (in %), 2018
Figure 5: Global: Stunt Reactor Market: Breakup by Application (in %), 2018
Figure 6: Global: Stunt Reactor Market: Breakup by Region (in %), 2018
Figure 7: Global: Stunt Reactor Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 8: Global: Stunt Reactor Industry: SWOT Analysis
Figure 9: Global: Stunt Reactor Industry: Value Chain Analysis
Figure 10: Global: Stunt Reactor Industry: Porter’s Five Forces Analysis
Figure 11: Global: Stunt Reactor (Oil-Immersed) Market: Sales Value (in Million US$), 2013 & 2018
Figure 12: Global: Stunt Reactor (Oil-Immersed) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Stunt Reactor (Air-Core) Market: Sales Value (in Million US$), 2013 & 2018
Figure 14: Global: Stunt Reactor (Air-Core) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Stunt Reactor (Electric Utilities) Market: Sales Value (in Million US$), 2013 & 2018
Figure 16: Global: Stunt Reactor (Electric Utilities) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Stunt Reactor (Industrial Verticals) Market: Sales Value (in Million US$), 2013 & 2018
Figure 18: Global: Stunt Reactor (Industrial Verticals) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Stunt Reactor (Variable Reactor) Market: Sales Value (in Million US$), 2013 & 2018
Figure 20: Global: Stunt Reactor (Variable Reactor) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Stunt Reactor (Fixed Reactor) Market: Sales Value (in Million US$), 2013 & 2018
Figure 22: Global: Stunt Reactor (Fixed Reactor) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: North America: Stunt Reactor Market: Sales Value (in Million US$), 2013 & 2018
Figure 24: North America: Stunt Reactor Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Asia Pacific: Stunt Reactor Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: Asia Pacific: Stunt Reactor Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Europe: Stunt Reactor Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: Europe: Stunt Reactor Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Middle East and Africa: Stunt Reactor Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: Middle East and Africa: Stunt Reactor Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Latin America: Stunt Reactor Market: Sales Value (in Million US$), 2013 & 2018
Figure 32: Latin America: Stunt Reactor Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

Table 1: Global: Stunt Reactor Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Stunt Reactor Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 3: Global: Stunt Reactor Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 4: Global: Stunt Reactor Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 5: Global: Stunt Reactor Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: Stunt Reactor Market Structure
Table 7: Global: Stunt Reactor Market: Key Players

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