Shunt reactors are used to protect transmission lines from high voltage levels. The reactance of a transmission line consumes reactive power along the line when it is loaded. Reactance is the characteristic of electrical or electronic equipment to oppose changes in electric current or voltage because of inductance or capacitance. The generation of reactive power dominates , which results in a voltage increase along the line that can reach dangerous levels for the system. To avoid this phenomenon, the shunt reactor consumes the reactive power, thus stabilizing the voltage along the line.
TechNavio’s analysts forecast the Global Shunt Reactor market will grow at a CAGR of 4.34 percent over the period 2013-2018.
Covered in this Report
The Global Shunt Reactor market can be categorized on the basis of end-user into three segments: Electrical Utilities, Industrial (including Non-Utilities), and Others (Commercial, Government, and Residential).
TechNavio’s report, the Global Shunt Reactor Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Shunt Reactor market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
- ABB Ltd.
- Crompton Greaves Ltd.
- Siemens AG
- Tebian Electric Apparatus Stock Co. Ltd.
Other Prominent Vendors
- Alben Industries
- BPEG Reactors
- JSC Zaporozhtransformator
- Transformers & Rectifiers
Key Market Driver
- Focus on Increasing Grid Reliability in Developing Countries
- Increased Industrialization in Developing Countries
- Addition of High Voltage Transmission Lines
Key Market Challenge
- Mature Markets in Some Major Countries
- Introduction of Other Technologies
- Increased Investment in HVDC Technology
Key Market Trend
- Emergence of Smart Grids
- Increased Investment in Renewable Energy Sources
- Increased Investment in R&D
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents
1. Executive Summary
3. Scope of the Report
4. Market Research Methodology
4.1. Market Research Process
4.2. Research Methodology
6. Market Landscape
6.1. Market Overview
6.2. Market Size and Forecast
6.3. Five Force Analysis
7. Market Segmentation by End-users
7.1 Global Shunt Reactor Market by End-users 2013-2018
7.2 Global Shunt Reactor Market for Electrical Utilities
7.2.1 Market Size and Forecast
7.3 Global Shunt Reactor Market by Industrial (including Non-Utilities)
7.3.1 Market Size and Forecast
7.4 Global Shunt Reactor Market by Others (Commercial, Government & Residential)
7.4.1 Market Size and Forecast
8. Geographical Segmentation
8.1. Global Shunt Reactor Market by Geographical Segmentation
8.2 Shunt Reactor Market in the APAC Region
8.2.1 Market Size and Forecast
8.3 Shunt Reactor Market in the Americas
8.3.1 Market Size and Forecast
8.4 Shunt Reactor Market in the EMEA region
8.4.1 Market Size and Forecast
9. Key Leading Countries
9.1.1 Market Size and Forecast
9.2.1 Market Size and Forecast
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
17.1. Competitive Scenario
17.1.1 Key News
17.2.2 Mergers and Acquisitions
17.2. Prominent Vendors
18. Key Vendor Analysis
18.1.1. Business Overview
18.1.2. Business Segmentation
18.1.3. Key Information
18.1.4. SWOT Analysis
18.2. Crompton Greaves
18.2.1. Business Overview
18.2.2. Business Segmentation
18.2.3. Key Information
18.2.4. SWOT Analysis
18.3.1. Business Overview
18.3.2. Business Segmentation
18.3.3. Key Information
18.3.4. SWOT Analysis
18.4.1. Business Overview
18.4.2. Business Segmentation
18.4.3. Key Information
18.4.4. SWOT Analysis
19. Other Reports in this Series
List of Exhibits:
Exhibit 1: Market Research Methodology
Exhibit 2: Global Market Size and Forecast by Order Intake for 2013-2018 (US$ million)
Exhibit 3: Global Shunt Reactor Market Share by End-User Segmentation 2013
Exhibit 4: Global Shunt Reactor Market for Electrical Utilities 2013-2018 (US$ million)
Exhibit 5: Global Shunt Reactor Market Share for Non-Utilities 2013-2018 (US$ million)
Exhibit 6: Global Shunt Reactor Market Share for Others 2013-2018 (US$ million)
Exhibit 7: Global Shunt Reactor Market by Geographic Segmentation (2013)
Exhibit 8: Shunt Reactor Market Size and Forecast in APAC Region 2013-2018 (US$ million)
Exhibit 9: Shunt Reactor Market Size and Forecast in the Americas 2013-2018 (US$ million)
Exhibit 10: Shunt Reactor Market Size and Forecast in EMEA 2013-2018 (US$ million)
Exhibit 11: China Shunt Reactor Market Size and Forecast 2013-2018 (US$ million)
Exhibit 12: US Shunt Reactor Market Size and Forecast 2013-2018 (US$ million)
Exhibit 13: Business Segmentation of ABB
Exhibit 14: Business Segmentation of Crompton Greaves
Exhibit 15: Business Segmentation of Siemens
Exhibit 16: Business Segmentation of TBEA
TechNavio Announces the Publication of its Research Report - Global Shunt Reactor market 2014-2018
TechNavio recognizes the following companies as the key players in the Global Shunt Reactor market: ABB Ltd., Crompton Greaves Ltd., Siemens AG and Tebian Electric Apparatus Stock Co. Ltd.
Other prominent vendors in the market are: Alben Industries, Alstom, BPEG Reactors, JSC Zaporozhtransformator and Transformers & Rectifiers
Commenting on the report, an analyst from TechNavio’s team said: “One of the emerging trends is the advent of smart grids. Smart grids are equipped with intelligent functions that help improve energy efficiency. ”
According to the report, one of the major drivers in this market is the need to increase grid reliability in developing countries. The effective deployment of the latest technology in electric power T&D equipment ensures a consistent supply of electric power and reduces the maintenance cost for end-users. . Smart grids have introduced a new era of reliability, availability, and efficiency in the Energy industry that contribute to its economic and environmental health. To make this envision a reality, it is critical to make technological improvements, educate the consumers, and develop standards and regulations related to smart grids.
Further, the report states that the Global Shunt Reactor market is faced with serious challenges that hinder its growth. One of the major challenges is the maturity of the markets in some major countries across the world. As the markets in some major countries are reaching maturity and competition is on the rise, the demand for shunt reactors may be affected.
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.