A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Shunt
Reactor
Market. The
study, titled “Shunt
Reactor Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Shunt Reactor Market: Overview
Energy
security is a prerequisite for any country that aspires to prosper. A
country’s power transmission and distribution network thus plays a
pivotal part in its overall economic development. This has prompted
countries to renew their commitment to building a robust energy
infrastructure, thus accelerating the growth of the global shunt
reactor market.
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Report Preview:
A
shunt reactor, by virtue of absorbing reactive power, plays a crucial
role in increasing the energy efficiency of a power transmission
system. High-voltage transmission lines and cable systems need
effective reactive power compensation to protect them from the spike
in voltage levels that can cause irreparable damage. A shunt reactor
can be either directly connected to a transmission line or to a
three-winding transformer’s tertiary winding. Some facilities
deploy a permanent connection between the shunt reactor and the power
line, while a circuit breaker is used in some cases. Shunt reactors
with variable ratings are used in power lines where load variation is
slow so as to optimally adjust the consumed reactive power. The role
of shunt reactors is thus crucial in power transmission lines that
cover a large area.
The
report on the global shunt reactors market analyzes the impact of the
rising investments in power transmission and distribution networks on
the performance of the global shunt reactors market. The report has
been compiled to serve as a valuable decision-making tool for
electrical equipment manufacturers, utilities, and energy industry
players. The market for shunt reactors is segmented on the basis of
type into air-core dry and oil-immersed shunt reactors. Of these,
oil-immersed shunt reactor has been the dominant product. Key end
users of shunt reactors are industrial facilities and electrical
utilities. Key regions analyzed in this report are North America,
Europe, Asia Pacific, and Rest of the World.
Global
Shunt Reactor Market: Key Trends and Opportunities
Led
by the rising investments in either upgrading or setting up new
transmission and distribution networks worldwide, companies in the
global shunt reactor market are witnessing new growth avenues.
Increasing share of renewable energy in the global power industry and
the resultant need to improve grid interconnectivity would help fuel
the demand for shunt reactors. At the same time, increasing emphasis
on reducing the loss of power during transmission and distribution is
driving the market. Fresh investments in smart grids would further
boost the growth of the global shunt reactors market. However,
economic uncertainty in some countries in the Middle East has led to
the postponement of large-scale investments in power transmission and
distribution networks. This presents a challenge for companies in the
shunt reactors market.
Global
Shunt Reactor Market: Region-wise Outlook
Increasing
number of countries are turning toward renewable energy projects to
meet their energy needs, thereby leading to the establishment of new
renewable power generation facilities across the world. This presents
immense opportunities for shunt reactor manufacturers and ancillary
organizations because the active power generated by renewable energy
sources is not only unpredictable but is also characterized by high
degree of fluctuation. Shunt reactors can help compensate fluctuating
active power, which makes them useful in renewable energy projects.
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Energy-hungry
industrializing nations in Asia Pacific, the Middle East, and Latin
America have created a conducive environment for the growth of the
shunt reactor market. Demand for shunt reactors is the highest in
Asia Pacific and North America.
Companies
that have a firm foothold in the global shunt reactors market and
have been analyzed in this report include ABB Limited, Siemens AG,
Toshiba, Alstom SA, Mitsubishi Electric Corporation, Crompton
Greaves, and Hyundai Heavy Industries.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
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