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Shunt Reactor Market to Thrive as Consumption of Energy Continues to Increase Worldwide: Contrive Datum Insights

According to a new market study by Contrive Datum Insights (CDI), the global shunt reactor market is projected to grow significantly in value between 2021 and 2028.

The growth of the shunt reactor market is mainly based on increasing energy demand worldwide. A branching reactor is mainly used to absorb reactive power in mains systems to ensure a safe power supply while maintaining optimal voltage transmission levels. As the need for electricity continues to grow in both the domestic and industrial sectors, shunt reactors will find considerable adoption.

Primary energy consumption, which reached 395 exajoules in 2000, increased to 576 exajoules in 2019 and is expected to multiply in the coming years. Increasing energy consumption is directly shaping the growth of the shunt reactor market, driving demand for products.

Growing awareness of the worrying levels of carbon footprint has been an important feature of the transition to the energy sector towards renewable sources. This is expected to have a positive impact on market development as manufacturers tailor products to the source.

“Due to the decline in energy consumption in the industrial sector due to Covid-19, manufacturers are redirecting their efforts in the domestic sector to get through the pandemic period,” says the CDI analyst.

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Αγορά Shunt Reactor – Key Takeaways

Buying Shunt Reactors – Basic Trends

Purchase of Shunt reactors – Peripheral analysis

Shunt Reactor Market – Competitive landscape

Some of the most important players in the market include ABB Ltd., Fuji Electronic Co., Ltd., General Electric, Hyosung Corporation, Nissin Electric Co., Ltd., Zaporozhtransformator PJSC, Siemens AG and Toshiba Corporation. Market players focus on launching innovative products to stay competitive.

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Buy Shunt Reactor – Classification






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