The ‘Shunt Reactor’ market is expected to see a growth of 4.48% according to latest report released by AMA Research highlighting development scenario with compelling market sizing by revenue and volume (Consumption, Production)* ranging from 2013-2025. The study feature not only specific market forecasts, but also include significant value-added commentary on Market Trends, Technological Trends and Innovations, Regulatory Trends and Policies, Market Maturity Indicators, Market Share Movements, Growth Drivers and Constraints, New Entrants into the Market & Entry/Exit Barriers and Consumer Demographics.
Some of the profiled players in study out of the total coverage list includes General Electric (United States), Siemens (Germany), ABB (Switzerland), Fuji Electric (Japan), Crompton Greaves (India), Zaporozhtransformator (Ukraine), Toshiba (Japan), Mitsubishi Electric (Japan), Nissin Electric (Japan), TBEA (China)
Shunt Reactor Market Definition: A shunt reactor absorbs the reactive power and plays a vital role in increasing the energy efficiency of a power transmission system. The shunt reactor are the same as the power transformer but it has only one winding per phase as compared to the power transformer. The shunt reactor market has high growth prospects owing to a growing focus on reducing the loss of power during distribution and transmission. Development of smart grid and power generation technologies propelling market growth. Moreover, the global shunt reactor market has significant growth prospects in emerging economies in such as India, China, and others.