The Global Variable Shunt Reactor Market is expected to grow at a CAGR of 5.66% during the forecasting period (2020-2027).
A Variable Shunt Reactor is an alternative for stabilizing the voltages in high-voltage transmission lines as the regulation speed can be changed in steps. Variable shunt reactors are used to fulfill the fluctuating demand of reactive power compensation, due to the volatile nature of wind power, for the world's largest offshore wind farm.
Variable Shunt Reactor is used in various applications due to its optimum function with minimum investment and operating costs. Some of the forms of VSRs are:
VARs are used to reduce voltage spikes in the network when switching in and out of the fixed power rated reactors.
They are used in substations with SVC equipment and rotating phase compensators to increase the dynamic capacity of the network during a network failure.
VARs are also used for wind park generation applications, daily load variations, high voltage AC cables, and flexible replacement of reactors.
The global Variable Shunt Reactor Market is segmented based By Type into Single Phase and Three Phase shunt reactor. Further, based on Application, the market is segmented into Industrial and Residential.
Based on the type of Variable Shunt Reactor, the Three Phase Variable Shunt Reactor has the largest market share of over 65% of the global Variable Shunt reactor market. Three Phase Variable Shunt reactors are growing because of the increasing need for high-voltage transmission lines and cables.
The market for Variable Shunt Reactor is overgrowing compared to the fixed Shunt reactor as it is more capable of controlling the voltage during high-voltage power transmission lines. They are more advanced in stabilizing the fluctuations of voltage over large transmission networks, hence the need for variable Shunt reactor is growing. The largest three-phase variable shunt reactor with 120-200Mvar at 420 kV have been installed in Italy.
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.
Visualize the composition of the Variable Shunt Reactor market across each indication, regarding type and applications, highlighting the critical commercial assets and players.
Identify commercial opportunities in Variable Shunt Reactor by analyzing trends and co-development deals.
This is the most comprehensive study on Variable Shunt Reactor to date.
Excel data sheet with thousands of data points of the Variable Shunt Reactor market-level 4/5 segmentation
A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the critical Variable Shunt Reactor products of all major market players
Raw Material Suppliers/ Buyers
Product Suppliers/ Buyers Industry Investors/Investment Bankers
Education & Research Institutes
Emerging Companies Manufacturers
1.1 Research methodology
1.2 Scope of the Report
2.2 Key Trends & Developments
3.1 Market Drivers
3.2 Market Restraints
3.3 Porter's five forces Analysis
3.3.1 Buyer power
3.3.2 Supplier power
3.3.3 Industry Competition
3.3.4 Threat of new entrant
3.3.5 Threat of Substitutes
4.1 By Phase
4.1.1 Single Phase Variable SR
4.1.2 Three Phase Variable SR
4.2 By Application
5.1. North America
5.3 Asia Pacific
5.4 South America
6.1 Market Share Analysis
6.2 Company Benchmarking
6.3 Key Strategies Adopted by Major Companies
7.1 ABB Ltd
7.4 Fuji Electric Co.
7.5 GE Electric
7.6 Nissin Electric Co. Ltd
7.7 Zaporozhtransformator PJSC
7.8 Nissin Electric Co. Ltd
7.9 Hyosung Corporation
7.10 Hyundai Heavy Industries
8.2 List of Charts/Tables
8.3 Expert Panel Validation
8.5 Contact Us
*Note: Additional Company Profiles will be included on request
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