NEW YORK, Feb. 28, 2022 /PRNewswire/ -- The Shunt Reactor Market in APAC is poised to grow by USD 196.95 million from 2021 to 2026, progressing at a CAGR of 3.36% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know exact growth variance and the Y-O-Y growth rate Request a free sample report.
Vendor Landscape
The market structure is expected to remain fragmented during the forecast period. Vendors are deploying different organic and inorganic growth strategies to compete in the market. Various players in the market are engaging in strategic partnerships and joint ventures coupled with launching differentiated products to up their game in the Shunt Reactor Market in APAC.
ABB Ltd., ALSTOM SA, Fuji Electric Co. Ltd., Hitachi Ltd., Hyundai Motor Group, Mitsubishi Electric Corp., Siemens AG, Toshiba Corp., and TSEA among others are some of the few key vendors competing to maintain their market position in the market.
View more about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings.
Key Market Segmentation
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Regional Market Outlook
China will contribute to 36% of the market growth during the forecast period. The market in this region will grow at a slower pace than the markets in India and the rest of APAC. Over the forecast period, the growing demand for shunt reactors across industries such as automotive and manufacturing, as well as power utilities, would aid the shunt reactor market expansion in China.
Apart from regions, if we look at the country-wise market growth, China, India, Japan, and the Rest of APAC will contribute to the highest market growth.
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Latest Trends, Driving the Global Home Textile Retail Market
Due to significant development potential and inexpensive labor, developing countries such as India, China, and Vietnam are likely to see a surge in the number of industries in the next years. The use of shunt reactors in the region has increased due to increased building and investments in the manufacturing sector in developing countries. For example, the Chinese Communist Party (CCP) promised in 2020 that it will spend $1.4 trillion on public digital infrastructure spending programs.
The capacitance between the wires and the earth generates reactive power over long transmission lines. Reactive power can't be used for anything and needs to be balanced to avoid energy losses. Shunt reactors absorb reactive power, boosting the system's energy efficiency. The voltage along the transmission line rises when the load is low. A shunt reactor lowers the voltage growth, keeps it within acceptable limits, and contributes to the system's voltage stability. During the forecast period, such advantages will propel the market forward.
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Shunt Reactor Market Scope in APAC |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.36% |
Market growth 2022-2026 |
$ 196.95 million |
Market structure |
Fragmented |
YoY growth (%) |
2.80 |
Regional analysis |
APAC |
Performing market contribution |
China at 36% |
Key consumer countries |
China, India, Japan, and Rest of APAC |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ABB Ltd., ALSTOM SA, Fuji Electric Co. Ltd., Hitachi Ltd., Hyundai Motor Group, Mitsubishi Electric Corp., Siemens AG, Toshiba Corp., TSEA, and Zaporozhtransformator PrJSC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
2.2 Value Chain Analysis
Exhibit 09: Value chain analysis: Electrical components and equipment
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Aftermarket and service
2.2.7 Industry innovations
3. Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 12: Global - Market size and forecast 2021 - 2026 (million $)
Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by End-user
5.1 Market segments
Exhibit 20: End-user- Market share 2021-2026 (%)
5.2 Comparison by End-user
Exhibit 21: Comparison by End-user
5.3 Power utilities - Market size and forecast 2021-2026
Exhibit 22: Power utilities- Market size and forecast 2021-2026 ($ million)
Exhibit 23: Power utilities- Year-over-year growth 2021-2026 (%)
5.4 Industrials - Market size and forecast 2021-2026
Exhibit 24: Industrials - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Industrials- Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by End-user
Exhibit 26: Market opportunity by End-user
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 27: Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 28: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 29: Geographic comparison
7.3 China - Market size and forecast 2021-2026
Exhibit 30: China - Market size and forecast 2021-2026 ($ million)
Exhibit 31: China - Year-over-year growth 2021-2026 (%)
7.4 India - Market size and forecast 2021-2026
Exhibit 32: India - Market size and forecast 2021-2026 ($ million)
Exhibit 33: India - Year-over-year growth 2021-2026 (%)
7.5 Japan - Market size and forecast 2021-2026
Exhibit 34: Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Japan - Year-over-year growth 2021-2026 (%)
7.6 Rest of APAC - Market size and forecast 2021-2026
Exhibit 36: Rest of APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Rest of APAC - Year-over-year growth 2021-2026 (%)
7.8 Market opportunity by geography
Exhibit 38: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increased industrialization of the developing nations
8.1.2 Expansion and up-gradation of its existing transmission and distribution network
8.1.3 Increasing the energy efficiency of the system
8.2 Market challenges
8.2.1 High initial investment
8.2.2 Mechanical complexity associated with shunt reactor
8.2.3 Overvoltage limitation
Exhibit 39: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increasing energy efficiency in varying load lines
8.3.2 Rising investment in renewables energy resources
8.3.3 Evolution of IoT and smart grid projects
9. Vendor Landscape
9.1 Overview
Exhibit 40: Vendor landscape
9.2 Landscape disruption
Exhibit 41: Landscape disruption
Exhibit 42: Industry Risk
9.3 Competitive Scenario
10. Vendor Analysis
10.1 Vendors Covered
Exhibit 43: Vendor Landscape
10.2 Market positioning of vendors
Exhibit 44: Market positioning of vendors
10.3 ABB Ltd.
Exhibit 45: ABB Ltd. - Overview
Exhibit 46: ABB Ltd. - Business segments
Exhibit 47: ABB Ltd. - Key news
Exhibit 48: ABB Ltd. - Key offerings
Exhibit 49: ABB Ltd. - Segment focus
10.4 ALSTOM SA
Exhibit 50: ALSTOM SA - Overview
Exhibit 51: ALSTOM SA - Business segments
Exhibit 52: ALSTOM SA – Key news
Exhibit 53: ALSTOM SA - Key offerings
Exhibit 54: ALSTOM SA - Segment focus
10.5 Fuji Electric Co. Ltd.
Exhibit 55: Fuji Electric Co. Ltd. - Overview
Exhibit 56: Fuji Electric Co. Ltd. - Business segments
Exhibit 57: Fuji Electric Co. Ltd. - Key offerings
Exhibit 58: Fuji Electric Co. Ltd. - Segment focus
10.6 Hitachi Ltd.
Exhibit 59: Hitachi Ltd. - Overview
Exhibit 60: Hitachi Ltd. - Business segments
Exhibit 61: Hitachi Ltd. - Key offerings
Exhibit 62: Hitachi Ltd. - Segment focus
10.7 Hyundai Motor Group
Exhibit 63: Hyundai Motor Group - Overview
Exhibit 64: Hyundai Motor Group - Business segments
Exhibit 65: Hyundai Motor Group - Key offerings
Exhibit 66: Hyundai Motor Group - Segment focus
10.8 Mitsubishi Electric Corp.
Exhibit 67: Mitsubishi Electric Corp. - Overview
Exhibit 68: Mitsubishi Electric Corp. - Business segments
Exhibit 69: Mitsubishi Electric Corp. - Key offerings
Exhibit 70: Mitsubishi Electric Corp. - Segment focus
10.9 Siemens AG
Exhibit 71: Siemens AG - Overview
Exhibit 72: Siemens AG - Business segments
Exhibit 73: Siemens AG – Key news
Exhibit 74: Siemens AG - Key offerings
Exhibit 75: Siemens AG - Segment focus
10.10 Toshiba Corp.
Exhibit 76: Toshiba Corp. - Overview
Exhibit 77: Toshiba Corp. - Business segments
Exhibit 78: Toshiba Corp. - Key offerings
Exhibit 79: Toshiba Corp. - Segment focus
10.11 TSEA
Exhibit 80: TSEA - Overview]
Exhibit 81: TSEA - Product and service
Exhibit 82: TSEA - Key offerings
10.12 Zaporozhtransformator PrJSC
Exhibit 83: Zaporozhtransformator PrJSC - Overview
Exhibit 84: Zaporozhtransformator PrJSC - Product and service
Exhibit 85: Zaporozhtransformator PrJSC - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 86: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 87: Research Methodology
Exhibit 88: Validation techniques employed for market sizing
Exhibit 89: Information sources
11.4 List of abbreviations
Exhibit 90: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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