DUBLIN, Dec. 24, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/pss3vc/shunt_reactor) has announced the addition of the "Shunt Reactor Market by Type, Application & by Region - Global Trends & Forecast to 2019" report to their offering.
The shunt reactor market is expected to grow from an estimated $1.84 Billion in 2014 to $2.72 Billion by 2019, at a CAGR of 8.2% from 2014 to 2019.
The shunt reactor market has been growing rapidly in recent years. Shunt reactors are the most compact and cost-efficient way to compensate for reactive power generation in long high-voltage power transmission systems. Increased energy efficiency, improved voltage levels, and improved power quality are a few advantages driving the demand for shunt reactors.
The growing demand for shunt reactors for advanced transmission and distribution (T&D) networks, use of shunt reactors in renewable energy platforms, and the upgrading of T&D infrastructure in developed nations drives the shunt reactor market. Emerging economies such as China and India offer promising opportunities for the shunt reactor market.
Asia-Pacific held the largest share at about 33.7%of the global shunt reactor market in 2013. China is the largest market and is expected to retain its position in the shunt reactor industry in coming years. The Asia-Pacific region is projected to hold the largest share of global investment requirements in T&D network from 2011 to 2016.
Asia-Pacific is followed by North America and Europe, where the majority of the investments will be utilized for T&D network refurbishment. Apart from this, developing nations in Asia-Pacific are currently increasing their power generation capacity to satisfy growing energy demands. The Asia-Pacific region is witnessing considerable industrialization and urbanization. The demand for shunt reactors in the Asia-Pacific region is expected to reach $0.92 billion by 2019, from $0.62 billion in 2014.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Shunt Reactor Market, By Type
8 Shunt Reactor Market, By End-User Application
9 Shunt Reactor Market, By Region
10 Competitive Landscape
11 Company Profiles
- ABB Limited
- Crompton Greaves
- Fuji Electric
- Hyundai Heavy Industries
- Mitsubishi Electric Corporation
- Siemens AG
- Tebian Electric Apparatus Stock Company Ltd
For more information visit http://www.researchandmarkets.com/research/pss3vc/shunt_reactor
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets