The
shunt reactor increases the energy
efficiency of the system by acting as an absorber to the reactive power.
Commonly used for reactive power compensation in long high-voltage transmission
lines and in cable systems, this product has high demand in various industries.
Thus, there is high demand for the Shunt
Reactor Market.
Browse - Market Tables,
Figures and an in-depth TOC on "Shunt
Reactor Market". http://industryarc.com/Report/15082/shunt-reactor-market.html
The
conditions or the working environment of shunt reactor are not the same as it
was a few decades ago due to the constant improvisation and dynamism of this
market. Shunt reactor market is
constantly evolving, thus facilitating development of new technologies. Low
transmission power lines and growth of renewable
energy are the major drivers for this industry.
North
America is the leading region for Shunt Reactor Market. North America region is
expected to have highest growth in the next few years due to growing adoption
of shunt reactor in industrial applications.
The
North America shunt reactor market
accounts for more than quarter of the global market for Shunt reactor and is
the fastest growing market followed by Asia during 2016 - 2021.The dry type
reactors are expected to have the highest growth during the forecast period
2016-2021. Power substations, various industries are the major end-users for
Shunt reactors.
The
Shunt Reactor Market is segmented
into various categories in the IndustryARC market research report by phase, by
type, by industry and by geography.
- By phase: single phase and three phase
- By type: air-core dry shunt reactor, oil-immersed and others
- By industry: chemical industry, oil & gas industry, pharmaceuticals, paper & pulp, electronics, food & beverage, electrical utilities and others
- By geography: North America, South America, Europe, Asia pacific and ROW
According
to market research report by IndustryARC, Some of the prominent companies in the global Shunt Reactor Market are:
- ABB
- Crompton Greaves Limited
- S & C Electric Co.
- Alfa Tec Inc.
- Square One Electric Service Co.
The
Shunt Reactor Market has great demand in various end user industries across the
globe during 2016 – 2021. This market is expected to grow with constant pace
owing its demand to rising industrialization in various regions. This market is
a profitable market for high revenue gains in upcoming years.
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