The shunt reactor market is expected to grow at a CAGR of 6% over the forecast period (2021-2027). The need to increase system efficiency and provide reliable power is increasing the demand for shunt reactors. The requirements for protection solutions against sudden voltage spikes and investments in upgrading existing transmission and distribution networks are also increasing the demand for shunt reactors. As the demand for power increases, the demand for products, solutions and services related to the energy sector will increase. Shunt reactor demand for energy and utilities will increase significantly over the next few years as electricity demand and connectivity projects undertaken by various governments around the world increase.
A full report of Shunt Reactor Market available at: https://www.orionmarketreports.com/shunt-reactor-market/20538/
Shunt Reactor Market- Segmentation
By Type
• Oil-Immersed
• Air-Core
By End Users
• Electric Utilities
• Industrial Verticals
By Application
• Variable Reactors
• Fixed Reactors
Major Players
• Siemens AG
• CG Power and Industrial Solutions Limited
• Mitsubishi Electric Corporation
• Fuji Electric Co.
• Hitachi ABB Power Grids
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
