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Asia Pacific Shunt Reactor Market Share

Report ID: GMI6757
Published Date: Sep 2023
Report Format: PDF

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Asia Pacific Shunt Reactor Market Share

Major participants in the Asia Pacific shunt reactor market include:

TMC TRANSFORMERS MANUFACTURING COMPANY
GBE S.p.A
NISSIN ELECTRIC Co.,Ltd
Alstom
Siemens Energy
Shrihans Electricals Pvt. Ltd.
Fuji Electric Co., Ltd.
HYOSUNG HEAVY INDUSTRIES
CG Power & Industrial Solutions Ltd
GE
SGB SMIT
WEG
Hitachi Energy Ltd
Toshiba Energy Systems & Solutions Corporation
TBEA

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of shunt reactor in APAC was worth USD 992.12 million in 2023 and is anticipated to reach over USD 1.9 billion by 2032, owing to burgeoning demand for electricity, fueled by urbanization, industrialization, and population growth.

Electric utility has been driving the product demand over the years and held a market share of over 70% in 2022, due to their critical need for grid stability and voltage control in the face of surging electricity demand.

China shunt reactor market is expected to witness a substantial growth at a CAGR of over 7.5% through 2032, owing to a substantial increase in electricity consumption, necessitating the expansion and upgrade of the country's power transmission & distribution infrastructure.

Fuji Electric Co., Ltd., HYOSUNG HEAVY INDUSTRIES, CG Power & Industrial Solutions Ltd., GE, SGB SMIT, WEG, Hitachi Energy Ltd., Toshiba Energy Systems & Solutions Corporation, and TBEA among others.