Shunt Reactor Market Research Report - Global Forecast till 2025

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Shunt Reactor Market Research Report - Global
Forecast till 2025

• Global Shunt Reactors Market Prognosticated To
  Accrue With a Whooping CAGR by 2027 Asserts MRFR

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Shunt Reactors Global Market Overview

• The Global Shunt Reactors Market is growing with
  the rapid pace. According to a recent study
  report published by the Market Research Future,
  The global market of Shunt Reactors will grow at
  a rapid pace over the forecast period. The market
  is forecasted to witness slow but steady growth
  by 2027, which will be a surplus growth at a
  moderate CAGR during the projected period (2016
  -2027).Shunt reactors increase efficiency in the
  transmission line. This resulted into the growing
  transmission and distribution business which
  directly translates into increase in demand for
  the shunt reactors. Global rise in the demand for
  energy is one of the prime factors driving the
  market. Rapid increase in the infrastructural
  activities in the Asia-Pacific region is further
  going to push the demand in the shunt reactor
  market.The rapid growth in economy and the
  population expansion have led to the increase in
  the consumption of power. Due to the development
  of the countries and the improvement in the
  standard of living, there is a higher demand for
  the energy consumptions. In case of the nation
  experiencing higher economic growth, the demand
  for improved housing will increase, which will
  also increase the requirement for energy for the
  construction purpose. Hence, many countries
  around the world are expanding and upgrading
  their electric grid infrastructure, so as to
  fulfil the growing demand of power and margining
  of grid to form inter grid connection. These
  developments are expected to provide vital
  groundwork for shunt capacitor market.Browse
  Full Report _at_ https//www.marketresearchfuture.com
  /reports/shunt-reactor-market-1149

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According to World Bank, the consumption of
electric power has been increased consistently.
In 2014, the consumption of electricity was
3,144.4 kWh per capita as compared to 2,956.6 in
2010.  The growing attention and substantial
investment in renewable power energy generation
is rigorously driving the global Shunt Reactors
market. Major economies around the world are
highly focusing on developing the renewable
energy power generation so as to reduce their
dependency on conventional power generation
through fossil fuels. Renewable energy currently
holds a substantial share in total global energy
production. In 2016, World Energy Council quoted
that, hydropower accounted for about 30 of the
total global installed power generating capacity
and about 23 of total global electricity
produced.The tremendous yearly addition in
capacity of renewable energy is certainly
required the strong transmission and distribution
network which ultimately increase the demand of
Shunt Reactors.Despite the Shunt Reactors are
easy to use and is simple in installation, high
initial investment is the major factor that may
hamper the growth of the market. A Shunt Reactors
improves the quality of the electrical supply and
enables efficient operation of the power system.
It requires a well-established infrastructure
with prime equipment and other amenities. The
overall initial capital investment is high, this
is due to the cost associated to current advanced
technology, raw material, man power and other
major factors.Shunt Reactors plants requires
high amount of land acquisition, large scale
construction equipment and material, machineries
and ancillaries associated and man power, this
overall constitute for huge initial capital cost.
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Key Players

• Zaporozhtransformator (Ukraine), ABB Limited
  (Switzerland), Alstom (France), Siemens AG
  (Germany), Crompton Greaves (India), Tebian
  Electric Apparatus Stock Company Ltd. (China),
  Hyundai Heavy Industries (Korea), Fuji Electric
  (Japan), Mitsubishi Electric Corporation (Japan),
  and Toshiba (Japan). and others are some of the
  prominent players profiled in MRFR Analysis and
  are at the forefront of competition in the Global
  Shunt Reactors Market.

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Industry/ Innovation/ Related News

• Feb, 2014 - ABB, the leading power and automation
  technology group, won orders worth around 56
  million from Power Grid Corporation of India
  Ltd., Indias central power transmission utility,
  to supply power transformers and shunt reactors
  for substations being built to support the
  countrys ultrahigh voltage transmission grid
  development. The orders were booked in the fourth
  quarter of 2013 and in the first quarter of
  2014.January, 2014 Alstom Grid in Turkey will
  supply two shunt reactors for TenneT, the
  transmission system operator for Germany and the
  Netherlands, to improve grid stability across its
  transmission lines. These shunt reactors will be
  the first manufactured by Alstoms Gebze site for
  the German market and are due for commissioning
  in 2015.December, 2013 - Alstom TD India won
  an order worth approximately INR 790 million (9
  million) from Powergrid Corporation of India
  Limited (PGCIL) to provide 14 shunt reactors for
  the 765 kV electrical substations at Kanpur and
  Jhatikara in the Uttar Pradesh state. The
  projects were due for delivery in 2015.

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Shunt Reactors Market Segmentation

• The Global Shunt Reactors Market is segmented in
  to 3 key dynamics for the convenience of the
  report and enhanced understandingSegmentation
  by Type Comprises Oil Immersed and Air-Core
  Dry.Segmentation by Application Comprises
  Electrical Utilities and Industrial
  VerticalsSegmentation by Regions Comprises
  Geographical regions - North America, Europe,
  APAC and Rest of the World.

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About Market Research Future

• At Market Research Future (MRFR), we enable our
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• MRFR team have supreme objective to provide the
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  most important questions.
• In order to stay updated with technology and work
  process of the industry, MRFR often plans
  conducts meet with the industry experts and
  industrial visits for its research analyst
  members.

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