Report on Global Fixed Shunt Reactor Market is estimated to grow at a high CAGR during the forecast period 2023 - 2030.
Metrics |
Details |
Market CAGR |
High |
Segments Covered |
By Phase, By Application, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Fixed Shunt Reactors are traditionally adopted devices in which rated reactive power consumption is approximately constant. They are being used for many years in transmission and distribution systems. The global fixed shunt reactor market is driven by increasing power generation and the rising need for maintaining high-voltage power transmission lines.
The global Fixed Shunt Reactor Market is segmented based By Type into Single Phase and Three Phase shunt reactors.
Further, based on Application, the market is segmented into Industrial and Residential.
Based on the type of Fixed Shunt Reactor, the Three Phase Fixed Shunt Reactor has the largest market share of over 60% of the global Fixed Shunt reactor market. Three Phase Fixed Shunt reactors are growing because of the increasing need for high-voltage transmission lines and cables.
Geographically, the market is segmented into North America, Asia-Pacific, Europe, South America, and RoW.
The report profiles the following companies, which include ABB Ltd, Siemens, Toshiba, Fuji Electric Co., GE Electric, Nissin Electric Co. Ltd, Zaporozhtransformator PJSC, Nissin Electric Co. Ltd, Hyosung Corporation, and Hyundai Heavy Industries.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
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