Shunt Reactor for Power Transmission - Global Market Size, Average Pricing

Jan. 9, 2012 - PRLog -- The global shunt reactor market is a mature one and can be divided into three categories, based on the voltage levels of the shunt reactors. In this instance, the three categories are: 36kV voltage ≤ 150kV, 150kV < voltage ≤ 362kV, and voltage > 362kV. High demand for the electricity levels necessary to fulfill the increased requirements of the developing and developed countries is leading to more capacity installation across the world. The electric utilities’ focus on achieving grid stabilization and additional transmission capacity acts as a major driver of the growth of the global shunt reactor market. The demands of countries like China, India, Brazil, Saudi Arabia and South Africa has led to a significant growth in the shunt reactor market revenues. The maturity of the market in some countries like US, and the introduction of other technologies like Flexible Alternating Current Transmission Systems (FACTS), may act as a hurdle for future growth. In 2011, the market has been estimated at $1,501.4m in terms of order intake. The market is expected to reach $2,212.3m in 2020 in terms of order intake.

The global shunt reactor market was estimated to be worth $1501.4m in 2011. During the forecast period of 2012-2020, the shunt reactor market is expected to grow with a Compound Annual Growth Rate (CAGR) of 4.3%. China and India are expected to lead the growth of the global shunt reactor market. In 2011, China was estimated to have contributed 21% of the global shunt reactor market’s order intake, the highest of any single country, whilst India followed with a share of 7%. The focus of developing countries like China and India on increasing grid reliability, the integrating of renewable energy, and the addition of high voltage transmission lines into the grid are the driving factors in the shunt reactor market. However, the growth of the shunt reactor market is likely to be tempered by the increased investment of power utilities in areas like smart grids, which increasing grid relreliability, and High Voltage Direct Current (HVDC) technology, used for long-distance power transmission.

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GlobalData’s “Shunt Reactor for Power Transmission - Global Market Size, Average Pricing, Equipment Market Share and Competitive Landscape Analysis to 2020” gives detailed information on the shunt reactor market, focusing on both global and key shunt reactor markets. Drivers, restraints, challenges and revenue forecasts, market share analyses and volume sales are all included with reference to the global market. The report also discusses seven key countries in detail: market size by order intake, market size by volume, average pricing and market share analysis are covered at country level.

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