Shunt Reactor Market by Type (Oil-Immersed and Air-Core), Application (Variable Reactors and Fixed Reactors), End-User (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific, and South America) - Global Forecast to 2022

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Date: 21-Nov-2017
No. of pages: 119
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“The shunt reactor market is projected to grow at a CAGR of 4.56% from 2017 to 2022”

The shunt reactor market is estimated to reach USD 2.56 billion in 2017 and is projected to reach USD 3.19 billion by 2022, at a CAGR of 4.56% from 2017 to 2022. The increasing demand for electricity, upgrading of the aging technology in developing countries, and the addition of high voltage transmission lines are the driving factors for the shunt reactor market. Developing nations are currently increasing their power generation capacity to satisfy the growing energy demands. Industrialization and urbanization are being majorly seen in the Asia Pacific region, which houses two of the fastest growing economies in the world, India and China. The growing focus toward grid reliability and energy loss minimization during transmission led to the introduction and development of alternative technologies such as FACTS (Flexible AC Transmission System) and HVDC systems act as restraints for the shunt reactor market.

“The oil-immersed type segment is expected to grow at the highest CAGR from 2017 to 2022”

Oil-immersed reactors are expected to be the largest market during the forecast period. The increase in the demand for electricity and rising investments in the T&D infrastructure leads to the addition of high voltage transmission lines to meet the demand for electricity. Thus, with an increase in the T&D infrastructure, the demand for oil-immersed reactors is expected to increase.

“The electric utilities end-user segment is expected to be the largest market during the forecast period”

The electric utilities end-users segment is projected to have the largest market during the forecast period. The demand for electricity is increasing as various developing nations are engaged in expanding their power generation capacity to provide electricity. The process of industrialization demands the ever-growing need for electricity. The countries are going to renewable energy sources such building power plants to cater the demand for electricity. This would also lead to rising investments toward strengthening the grid along with supporting infrastructures such as transformers and reactors. As the demand for electricity rises, the electric utilities would require more reactors.

“Asia Pacific is expected to grow at the highest CAGR from 2017 to 2022”

The Asia Pacific region is currently the largest market for shunt reactors, followed by North America and Europe. China accounted for a majority share in Asia Pacific in 2014 and is projected to grow at the highest CAGR from 2017 to 2022. The increasing demand for shunt reactors in Asia Pacific is due to the growing investments in utilities, which would result in improved grid reliability. The addition of high voltage transmission network and rising investments in renewable sources are likely to attribute the growth of the shunt reactor market in the Asia Pacific region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 40%, Tier2- 35%, Tier 3- 25%

  • By Designation: C-Level- 75%, Manager Level- 25%

  • By Region: North America-15%, Europe-25%, Asia Pacific- 40%, Middle East and Africa-15%, South America-5%


Note: The tier of the companies has been defined based on their total revenue, as of 2016: Tier 1 = >USD 5 billion, Tier 2 = > USD 0.5 billion to USD 5 billion, and Tier 3 = < USD 0.5 billion

Leading players in this industry have been profiled with their recent developments and other strategic activities. These include GE (US), Siemens (Germany), ABB (Switzerland), and Crompton Greaves (India).

Research Coverage:

From an insight perspective, this research report has focused on various levels of analysis, namely, industry analysis (industry trends), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the shunt reactor market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights into the following pointers:


  • Market Penetration: Comprehensive information on products and integrated solutions and services offered by the top players in the global shunt reactor market

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the shunt reactor market

  • Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for shunt reactors across regions

  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global shunt reactor market

Shunt Reactor Market by Type (Oil-Immersed and Air-Core), Application (Variable Reactors and Fixed Reactors), End-User (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific, and South America) - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Shunt Reactor Market
4.2 Shunt Reactor Market, Bycountry, 2017-2022
4.3 Shunt Reactor Market, By Type, 2017 & 2022
4.4 Asia Pacific Shunt Reactor Market, By Country & End-User, 2016
4.5 Shunt Reactor Market, By Application, 2017

5 Market Overview
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Augmentation & Modernization of Transmission & Distribution Networks
5.1.1.2 Rising Demand for Electricity
5.1.1.3 Upgradation of Aging Technology in Developed Nations
5.1.1.4 High Voltage Transmission Lines Addition
5.1.2 Restraints
5.1.2.1 Development of Alternate Technologies
5.1.2.2 Low Quality Products
5.1.3 Opportunities
5.1.3.1 Increase in Power Generation Capacity
5.1.3.2 Adopting Smart Grid Technology

6 Shunt Reactor Market, By Type
6.1 Introduction
6.2 Oil-Immersed Shunt Reactors
6.3 Air-Core Shunt Reactors

7 Shunt Reactor Market, By End-User
7.1 Introduction
7.2 Electric Utilities
7.3 Industrial Verticals

8 Shunt Reactor Market, By Application
8.1 Introduction
8.2 Variable Shunt Reactor
8.3 Fixed Shunt Reactor

9 Shunt Reactor Market, By Region
9.1 Introduction
9.2 Asia Pacific
9.2.1 China
9.2.2 India
9.2.3 Australia
9.2.4 Japan
9.2.5 Rest of Asia Pacific
9.3 North America
9.3.1 US
9.3.2 Canada
9.3.3 Mexico
9.4 Europe
9.4.1 Germany
9.4.2 Russia
9.4.3 UK
9.4.4 France
9.4.5 Italy
9.4.6 Sweden
9.4.7 Spain
9.4.8 Rest of Europe
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 South Africa
9.5.3 UAE
9.5.4 Kuwait
9.5.5 Qatar
9.5.6 Algeria
9.5.7 Nigeria
9.5.8 Rest of the Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Competitive Scenario
10.2.1 Contracts & Agreements
10.2.2 Expansions

11 Company Profiles
(Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 ABB
11.2 Siemens
11.3 Crompton Greaves
11.4 General Electric
11.5 Zaporozhtransformator
11.6 Fuji Electric
11.7 Toshiba
11.8 Mitsubishi Electric
11.9 Nissin Electric
11.10 TBEA
11.11 Trench Group
11.12 Hilkar

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Knowledge Store: Marketsandmarkets Subscription Portal
12.5 Introducing RT: Real Time Market Intelligence
12.6 Available Customizations
12.7 Related Reports
12.8 Author Details

List of Tables

Table 1 Shunt Reactor Market Snapshot
Table 2 Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 3 Oil-Immersed: Shunt Reactor Market Size, By Region, 2015–2022 (USD Million)
Table 4 North America: Oil-Immersed Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 5 Europe: Oil-Immersed Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 6 Asia Pacific: Oil-Immersed Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 7 South America: Oil-Immersed Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 8 Middle East & Africa: Oil-Immersed Shunt Reactor Market Size, By Country, 2015–2022 USD Million)
Table 9 Air-Core: Shunt Reactor Market Size, By Region, 2015–2022 (USD Million)
Table 10 North America: Air-Core Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 11 Europe: Air-Core Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 12 Asia Pacific: Air-Core Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 13 South America: Air-Core Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 14 Middle East & Africa: Air-Core Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 15 Shunt Reactor Market Size, By End-User, 2015–2022 (USD Million)
Table 16 Electric Utilities: Shunt Reactor Market Size, By Region, 2015–2022 (USD Million)
Table 17 Industrial Verticals Market Size, By Region, 2015–2022 (USD Million)
Table 18 Shunt Reactor Market Size, By Application, 2015–2022 (USD Million)
Table 19 Variable: Shunt Reactor Market Size, By Region, 2015–2022 (USD Million)
Table 20 Fixed: Shunt Reactor Market Size, By Region, 2015–2022 (USD Million)
Table 21 Shunt Reactor Market Size, By Region, USD Million, 2015–2022 (USD Million)
Table 22 Asia Pacific: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 23 Asia Pacific: Shunt Reactor Market Size, By End-User, 2015–2022 (USD Million)
Table 24 Asia Pacific: Shunt Reactor Market Size, By Application, 2015–2022 (USD Million)
Table 25 Asia Pacific: Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 26 China: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 27 India: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 28 Australia: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 29 Japan: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 30 Rest of Asia Pacific: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 31 North America: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 32 North America: Shunt Reactor Market Size, By End-User, 2015–2022 (USD Million)
Table 33 North America: Shunt Reactor Market Size, By Application, 2015–2022 (USD Million)
Table 34 North America: Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 35 US: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 36 Canada: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 37 Mexico: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 38 Europe: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 39 Europe: Shunt Reactor Market Size, By End-User, 2015–2022 (USD Million)
Table 40 Europe: Shunt Reactor Market Size, By Application, 2015–2022 (USD Million)
Table 41 Europe: Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 42 Germany: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 43 Russia: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 44 UK: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 45 France: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 46 Italy: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 47 Sweden: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 48 Spain: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 49 Rest of Europe: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 50 Middle East & Africa: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 51 Middle East & Africa: Shunt Reactor Market Size, By End-User, 2015–2022 (USD Million)
Table 52 Middle East & Africa: Shunt Reactor Market Size, By Application, 2015–2022 (USD Million)
Table 53 Middle East & Africa: Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 54 Saudi Arabia: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 55 South Africa: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 56 UAE: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 57 Kuwait: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 58 Qatar: Shunt Reactor Market Size, By Type, 2015–2022 (USD Thousand)
Table 59 Algeria: Shunt Reactor Market Size, By Type, 2015–2022 (USD Thousand)
Table 60 Nigeria: Shunt Reactor Market Size, By Type, 2015–2022 (USD Thousand)
Table 61 Rest of the Middle East & Africa: Shunt Reactor Market Size, By Type, 2015–2022 (USD Thousand)
Table 62 South America: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 63 South America: Shunt Reactor Market Size, By End-User, 2015–2022 (USD Million)
Table 64 South America: Shunt Reactor Market Size, By Application, 2015–2022 (USD Million)
Table 65 South America: Shunt Reactor Market Size, By Country, 2015–2022 (USD Million)
Table 66 Brazil: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 67 Argentina: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 68 Rest of South America: Shunt Reactor Market Size, By Type, 2015–2022 (USD Million)
Table 69 Contracts & Agreements, 2014–2017
Table 70 Expansions, 2014–2017

List of Figures

Figure 1 Markets Covered: Shunt Reactor Market Segmentation
Figure 2 Shunt Reactor Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Shunt Reactor Market: Market Estimation Approach & Data Triangulation Methodology
Figure 7 The Market in Asia Pacific Dominated the Shunt Reactor Market in 2016
Figure 8 The Oil-Immersed Segment is Expected to Lead the Shunt Reactor Market, By Type, During the Forecast Period
Figure 9 Shunt Reactor Market: Application Snapshot
Figure 10 Shunt Reactor Market: End-User Snapshot
Figure 11 Increased Demand for Electricity is Expected to Drive the Shunt Reactor Market During the Forecast Period
Figure 12 The Markets in Canada & India are Expected to Hold the Growth Rate During the Forecast Period
Figure 13 The Oil-Immersed Segment is Expected to Grow at the Fastest Pace During the Forecast Period
Figure 14 The Electric Utilities Segment is Expected to Lead the Shunt Reactor Market During the Forecast Period
Figure 15 The Variable Reactor Segment is Expected to Lead the Shunt Reactor Market in 2017
Figure 16 Market Dynamics for the Shunt Reactor Market
Figure 17 Shunt Reactor Market Share (Value), By Type, 2016
Figure 18 Shunt Reactor Market Share (Value), By End-User, 2016
Figure 19 Shunt Reactor Market Share (Value), By Application, 2016
Figure 20 Regional Snapshot: Rapid Growth in Developing Markets
Figure 21 Asia Pacific Shunt Reactor Market Snapshot
Figure 22 North American Shunt Reactor Market Snapshot
Figure 23 Companies Adopted Contracts & Agreements & New Expansions to Capture the Market 2014–2017
Figure 24 ABB: Company Snapshot
Figure 25 Siemens: Company Snapshot
Figure 26 Crompton Greaves: Company Snapshot
Figure 27 General Electric: Company Snapshot
Figure 28 Fuji Electric: Company Snapshot
Figure 29 Toshiba: Company Snapshot
Figure 30 Mitsubishi Electric: Company Snapshot
Figure 31 Nissin Electric: Company Snapshot
Figure 32 TBEA : Company Snapshot

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