DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Shunt Reactor Market: Global Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering.
. Global sales of shunt reactors was valued at US$ 1,996.9 Mn in 2015, and is projected to increase 2.4X by the end of 2026 to be valued at U7$ 4,864.7 Mn. Global sales revenue is expected to register a CAGR of 8.6% over the forecast period.
A shunt reactor is an electrical device mainly used to absorb reactive power in an electrical power grid system. In a power transmission and distribution system, the voltage at the receiving end of electrical power is more than that at the origin or less than the voltage at origin due to long transmission distances, this difference in voltage is called reactive power.
Shunt reactors are mainly installed at transmission line terminals or in the center of transmission lines in parallel configuration. This layout of installation of shunt reactors in the power grid system absorbs reactive power, minimises distribution losses and regulates voltage throughout the transmission system
Key driving factors identified in the global shunt reactor market include expanding electrical distribution network on the backdrop of continually increasing demand for electricity, refurbishment of ageing coal-fired plants and ageing power infrastructure in developed economies, and emergence of microgrids and interconnection of local and regional grids. However, increasing product life and component costs can inhibit new product sales to some extent and act as a restraint in the global shunt reactor market.
ABB Ltd., General Electric (ALSTOM), Fuji Electric Co. Ltd., Toshiba Corporation, Siemens AG, Zaporozhtransformator PJSC, Nissin Electric Co. Ltd, and Hyosung Corporation are some of the leading companies operating in the global shunt reactor market.
By Voltage Range
- Less than 200 KV
- 200-400 KV
- Greater than 400 KV
- Air-core Dry Type
- Oil Immersed
- Single Phase
- Three Phase
- Fixed Shunt Reactor
- Variable Shunt Reactor
Key Topics Covered:
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Market Overview
5. Global Shunt Reactor Market Analysis and Forecast, By Product Type
6. Global Shunt Reactor Market Analysis and Forecast, By Phase
7. Global Shunt Reactor Market Analysis and Forecast, By Rating
8. Global Shunt Reactor Market Analysis and Forecast, By Application
9. Global Shunt Reactor Market Analysis and Forecast, By Voltage Range
10. Global Shunt Reactor Market Analysis, By Region
11. North America Shunt Reactor Market Analysis
12. Latin America Shunt Reactor Market Analysis
13. Eastern Europe Shunt Reactor Market Analysis
For more information about this report visit http://www.researchandmarkets.com/research/mtr28z/shunt_reactor