세계의 분로 리액터 시장 규모, 점유율, 성장 분석 : 유형별, 전압별, 용도별, 최종 사용자별, 지역별 - 산업 예측(2024-2031년)

Global Shunt Reactor Market size was valued at USD 3.2 billion in 2022 and is poised to grow from USD 3.3 billion in 2023 to USD 5.3 billion by 2031, growing at a CAGR of 5.8% during the forecast period (2024-2031).

The global shunt reactor market is being propelled by several factors including rising electricity demand, the need to upgrade aging technologies in developing countries, and the expansion of high-voltage transmission lines. There is a growing awareness of the vulnerabilities within power grids, exacerbated by long-term underinvestment in transmission and distribution infrastructure. This scenario necessitates substantial investment to modernize aging grid components, especially in developed nations like the US, UK, and Germany, where many transformers have surpassed their functional lifespan. As global electric utilities are forecasted to invest around USD 3.2 trillion in revitalizing this infrastructure, technologies such as HVDC systems that enhance grid reliability and reduce energy loss are gaining prominence, highlighting the urgent requirement for robust power delivery solutions in a rapidly evolving energy landscape.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Shunt Reactor market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Shunt Reactor Market Segmental Analysis

Global Shunt Reactor Market is segmented by Type, Voltage, Application, End-User and region. Based on Type, the market is segmented into Oil-Immersed, Air-Core. Based on Voltage, the market is segmented into Upto 200 Kv, 200-400 Kv, and Above 400 Kv. Based on application, the market is segmented into Variable Reactors, Fixed Reactors. Based on end user, the market is segmented into Electrical Utilities, Industrial Verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Shunt Reactor Market

The global Shunt Reactor market is primarily driven by the urgent need to integrate renewable energy sources into existing grid systems. As these energy sources proliferate, shunt reactors play a crucial role by compensating for reactive power and stabilizing voltage, thus facilitating higher renewable penetration while promoting clean energy generation. Additionally, the rising global population and industrialization are significantly escalating electricity demand, necessitating the modernization of power grid infrastructure. The shift towards smart grids enhances the efficient and sustainable distribution of electricity, fostering resilience and contributing to an environmentally friendly energy ecosystem for the future.

Restraints in the Global Shunt Reactor Market

The Global Shunt Reactor market faces several restraints that could impede its growth. These limitations may arise from factors such as high initial investment costs, which can deter potential buyers. Additionally, the complexity involved in the installation and maintenance of shunt reactors may pose challenges for companies looking to adopt this technology. Regulatory hurdles and compliance with stringent standards can also create barriers to entry for new players in the market. Furthermore, fluctuations in raw material prices may impact production costs, thereby affecting profitability. These constraints collectively influence the market dynamics and may restrict overall expansion in the shunt reactor sector.

Market Trends of the Global Shunt Reactor Market

The Global Shunt Reactor market is witnessing a notable upward trend driven by the escalating demand for electricity and the imperative integration of renewable energy sources. As utilities and grid operators prioritize grid stability and power quality, shunt reactors have emerged as essential components in regulating voltage levels, mitigating fluctuations, and enhancing power factor correction. This increased focus on robust electrical infrastructure highlights the significance of shunt reactors in ensuring efficient operation of power systems. Consequently, the market is projected to expand, as advancements in technology and heightened investments in sustainable energy solutions further boost the adoption of shunt reactors worldwide.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies
• Customer & Buying Criteria Analysis
• Trade Analysis
• Startup Analysis
• Raw Material Analysis

Global Shunt Reactor Market Size by Type & CAGR (2024-2031)

• Market Overview
• Oil-Immersed
• Air-Core

Global Shunt Reactor Market Size by Voltage & CAGR (2024-2031)

• Market Overview
• Upto 200 Kv
• 200-400 Kv
• Above 400 Kv

Global Shunt Reactor Market Size by Application & CAGR (2024-2031)

• Market Overview
• Variable Reactors
• Fixed Reactors

Global Shunt Reactor Market Size by End-User & CAGR (2024-2031)

• Market Overview
• Electric Utilities
• Industrial Verticals

Global Shunt Reactor Market Size & CAGR (2024-2031)

• North America, (Type, Voltage, Application, End-User)
  • US
  • Canada
• Europe, (Type, Voltage, Application, End-User)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Type, Voltage, Application, End-User)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Type, Voltage, Application, End-User)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Type, Voltage, Application, End-User)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• ABB (Hitachi Energy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens Energy AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• General Electric Company (GE)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Electric Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toshiba Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyosung Heavy Industries
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fuji Electric Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nissin Electric Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bharat Heavy Electricals Limited (BHEL)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TBEA Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TDK Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JiangSu HuaPeng Transformer Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Meidensha Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Voltamp Transformers Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Shreem Electric Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GETRA S.p.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Prolec GE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyundai Electric & Energy Systems Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation