Title: Shunt Reactor Market Growth Trends And Future Prospects - Global Forecast To 2022
1Shunt Reactor Market by Type, Application,
End-User, Region - 2022
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2The report "Shunt Reactor Market by Type
(Oil-Immersed and Air-Core), Application
(Variable Reactors and Fixed Reactors), End-User
(Electrical Utilities and Industrial Verticals),
and Region (North America, Europe, Asia Pacific,
and South America) - Global Forecast to
2022", The shunt reactor marketis expected to
grow from an estimated USD 2.56 Billion in 2017
to USD 3.19 Billion by 2022, registering a CAGR
of 4.56 from 2017 to 2022. The global market for
shunt reactor is driven by the rising demand for
electricity for power generation, and the
addition of high voltage transmission networks.
Also, upgrading aging technology in the developed
nations is expected to drive the shunt reactors
market as they are used to stabilize the system
voltage during load variations by absorbing
excess reactive power generated in the
transmission network. PDF Brochure
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3Oil-immersed the largest shunt reactor market
by type The oil-immersed type of shunt reactors
dominated the global shunt reactors market.
Majority of demand for oil-immersed type of shunt
reactors is attributed to the addition of high
voltage transmission lines, globally.
Furthermore, rapid transmission and distribution
infrastructure augmentation process in the
developing countries of Asia-Pacific will
increase the demand for oil-immersed shunt
reactors. Request for Customization
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4The variable reactors segment is expected to be
the fastest growing segment during the forecast
period Variable shunt reactors are used in high
voltage energy transmission systems to stabilize
the voltage during load variations. Variable
reactors are advanced form of shunt reactors and
preferred over traditional reactors. Variable
shunt reactors reduce voltage jumps resulting
from switching in and out and to improve
interaction with other transmission equipment.
Also, variable reactors provide benefits to
stabilize the voltage of systems. These factors
along with increase in investment for TD
infrastructure will propel the demand for
variable shunt reactors. Request Sample _at_
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5Asia Pacific The leading market for shunt
reactors Asia Pacific dominated the shunt
reactor market in 2016. The increasing demand for
shunt reactors in Asia Pacific is attributed to
the increasing investments in utilities, which in
turn, results in improvements in grid reliability
and an increase in the number of electricity
supply plans. China dominates the market for
shunt reactors in the Asia Pacific region, owing
to increased investments in the transmission
sector. These investments are driven by the
considerable demand for electricity. The market
reforms in the country are encouraging even
private participants to invest. To provide an
in-depth understanding of the competitive
landscape, the report includes profiles of some
of the key players in the shunt reactor market
including GE (US), Siemens (Germany), ABB
(Switzerland), and Fuji Electric (Japan). Speak
to analyst _at_ https//www.marketsandmarkets.com/spe
aktoanalyst.asp?id88691138
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