Global Shunt Reactor Market 2017-2021

  • ID: 4435029
  • Report
  • Region: Global
  • 69 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • EGE
  • Fuji Electric
  • GBE
  • General Electric
  • Hilkar
  • MORE
About Shunt Reactor

Shunt reactors protect transmission lines from high-voltage fluctuations. Transmission-line reactance consumes reactive power along the line when it is loaded. Reactance is the characteristic of electrical or electronic equipment to oppose changes in electric current or voltage owing to inductance or capacitance. The generated reactive power results in an increase in the voltage along the line, reaching dangerous levels for the system. To avoid such a phenomenon, shunt reactors are used that consume reactive power, thereby stabilizing the voltage along the transmission line.

The analysts forecast the global shunt reactor market to grow at a CAGR of 7.37% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global shunt reactor market for 2017-2021. To calculate the market size, the report considers the new installations/value and exclude spares/aftermarket/services market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Shunt Reactor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • CG Power and Industrial Solutions
  • Siemens
  • TBEA HENGYANG TRANSFORMER
Other prominent vendors
  • Beijing Power Equipment Group (BPEG)
  • EGE
  • Fuji Electric
  • GBE
  • General Electric
  • Hilkar
  • HYOSUNG
  • Mitsubishi Electric
  • PJSC “Zaporozhtransformator”
  • Toshiba Energy Systems & Solutions
  • Transformers & Rectifiers
Market drivers
  • Renewable power generation capacity expansion
  • For a full, detailed list, view the full report
Market challenges
  • Reduced earnings of the global power distribution sector
  • For a full, detailed list, view the full report
Market trends
  • Emergence of smart grids
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ABB
  • EGE
  • Fuji Electric
  • GBE
  • General Electric
  • Hilkar
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY END-USER
  • Market overview
  • Power utilities
  • Industrial
PART 07: GEOGRAPHICAL SEGMENTATION
  • Market overview
  • APAC
  • Americas
  • EMEA
PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Emergence of smart grids
  • Need for flexible power systems
PART 11: VENDOR LANDSCAPE
  • Competitive landscape
  • Other prominent vendors
PART 12: KEY VENDOR ANALYSIS
  • ABB
  • CG Power and Industrial Solutions
  • Siemens
  • TBEA HENGYANG TRANSFORMER
PART 13: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Global shunt reactor market
Exhibit 02: Impact of global T&D equipment market on global shunt reactor market 2016-2021
Exhibit 03: Five forces analysis
Exhibit 04: Global shunt reactor market: End-user segmentation 2016 and 2021 (%)
Exhibit 05: Global shunt reactor market by power utilities sector 2016-2021 ($ millions)
Exhibit 06: Global power demand (billion kWh)
Exhibit 07: Global electricity consumption from various sources 2015-2040 (TWh)
Exhibit 08: Global shunt reactor market by industrial sector 2016-2021 ($ millions)
Exhibit 09: Actual and expected growth of middle class 2015, 2025, and 2035 (%)
Exhibit 10: Global shunt reactor market: Geographic segmentation 2016 and 2021 (%)
Exhibit 11: Shunt reactor market in APAC 2016-2021 ($ millions)
Exhibit 12: Shunt reactor market in the Americas 2016-2021 ($ millions)
Exhibit 13: Shunt reactor market in EMEA 2016-2021 ($ millions)
Exhibit 14: LCOE of renewable energy sources 2013-2014 ($/MWh)
Exhibit 15: Renewable energy investment in the US, China, and worldwide 2011-2015 ($ billions)
Exhibit 16: Minimum cost of construction of distribution network per mile in the US 2016 ($)
Exhibit 17: Maximum cost of construction of distribution network per mile in the US 2016 ($)
Exhibit 18: Price of aluminum and copper January 2014-January 2017 ($ thousand per metric ton)
Exhibit 19: Global net electricity generation by fuel 2012, 2020, and 2025 (trillion kilowatt hours)
Exhibit 20: Countries with renewable targets and policies 2005
Exhibit 21: Countries with renewable targets and policies 2015
Exhibit 22: Key vendors
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FEATURED COMPANIES

  • ABB
  • EGE
  • Fuji Electric
  • GBE
  • General Electric
  • Hilkar
  • MORE
New Report Released: - Global Shunt Reactor Market 2017-2021

The author of the report recognizes the following companies as the key players in the global shunt reactor market: ABB, CG Power and Industrial Solutions, Siemens, and TBEA HENGYANG TRANSFORMER

Other Prominent Vendors in the market are: Beijing Power Equipment Group (BPEG), EGE, Fuji Electric, GBE, General Electric, Hilkar, HYOSUNG, Mitsubishi Electric, PJSC “Zaporozhtransformator”, Toshiba Energy Systems & Solutions, and Transformers & Rectifiers.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Emergence of smart grids. One of the major trends in the market is the emergence of smart grids. Smart grids comprise intelligent functions that help in improving energy efficiency. Smart grids offer enhanced reliability, efficiency, and availability in the power industry, which contribute to their overall development. Certain criticalities such as technological improvements, educating the consumers, and developing standards and regulations related to smart grids are important for successful incorporation of a smart grid network.”

According to the report, one of the major drivers for this market is Renewable power generation capacity expansion. As of 2014, the US and China together lead the global power generation capacity, with China's capacity anticipated to expand exponentially till 2035. Majority of the expansion is toward renewable energy, with major countries increasing the adoption of renewables such as solar and wind energy to adhere to stringent carbon emission goals. Many end-users are adopting alternative forms of energy to avoid their dependence on power generators that operate on fossil fuels. Wind power, solar power, and other forms of renewable energy are gaining popularity among all categories of electricity end-users. As per the Global Wind Energy Council (GWEC), the installation of total wind power in the European Union was 142 GW in 2016, of which onshore installed capacity was about 92% and the remaining was based on offshore facilities.

Further, the report states that one of the major factors hindering the growth of this market is Reduced earnings of the global power distribution sector. Upgrading the grid systems has various other associated capital burdens of replacements and retrofitting of equipment such as cables, power systems, and controls. As a result, to meet the high energy demand, third-party aggregators and power utilities are already undergoing huge capital expenditure. This escalation may stem from aging power infrastructure and the increased need for renewable power grid integration. This means that the average cost of deploying smart grid technologies by utilities will range from $17 billion to $24 billion a year. In addition, power utilities remain reluctant to upgrade their power grids (to attain compatibility with smart grid solutions) owing to the heavy investments involved. Therefore, various smart grid solutions are in high demand among power utilities. This is expected to have a significant impact on the growth of the global smart grid T&D equipment market and in turn impact the shunt reactor market as well.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ABB
  • CG Power and Industrial Solutions
  • Siemens
  • TBEA HENGYANG TRANSFORMER
  • Beijing Power Equipment Group (BPEG)
  • EGE
  • Fuji Electric
  • GBE
  • General Electric
  • Hilkar
  • HYOSUNG
  • Mitsubishi Electric
  • PJSC “Zaporozhtransformator”
  • Toshiba Energy Systems & Solutions
  • Transformers & Rectifiers
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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