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The Shunt Reactor market size will grow from USD 2.57 Billion in 2017 to USD 3.37 Billion by 2023, at an estimated CAGR of 4.61%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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On the basis of type, the shunt reactor market has been classified into oil-immersed and air-core. The oil-immersed segment is expected to grow at the fastest rate during the forecast period. Oil-immersed shunt reactors are usually utilized for systems with a voltage profile of 72.5 kV and above and are connected directly to the high-voltage busbar/transmission network. The North American and European markets are expected to witness a decent demand for oil-immersed shunt reactors. The air-core dry type of shunt reactors are primarily used for system voltages below 72.5 kV and are inserted into the system through the tertiary winding of a power transformer connected to the overhead line that is to be compensated.

By Market Players:

ABB , Siemens , Crompton Greaves , General Electric , Zaporozhtransformator , Fuji Electric , Toshiba , Mitsubishi Electric , Nissin Electric , TBEA , Trench Group , Hilkar,

By Type

Oil-Immersed Shunt Reactors , Air-Core Shunt Reactors,

By End-User

Electric Utilities , Industrial Verticals,

By Application

Variable Shunt Reactor , Fixed Shunt Reactor,

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Points Covered in The Report:

The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.

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