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RSSDallas, Texas (PRWEB) August 04, 2014
One of the emerging trends is the advent of smart grids. Smart grids are equipped with intelligent functions that help improve energy efficiency.
Analysts forecast the Global Shunt Reactor market will grow at a CAGR of 4.34 percent over the period 2013-2018. According to the report, one of the major drivers in this market is the need to increase grid reliability in developing countries. The effective deployment of the latest technology in electric power T&D equipment ensures a consistent supply of electric power and reduces the maintenance cost for end-users. Smart grids have introduced a new era of reliability, availability, and efficiency in the Energy industry that contribute to its economic and environmental health. To make this envision a reality, it is critical to make technological improvements, educate the consumers, and develop standards and regulations related to smart grids.
Shunt reactors are used to protect transmission lines from high voltage levels. The reactance of a transmission line consumes reactive power along the line when it is loaded. Reactance is the characteristic of electrical or electronic equipment to oppose changes in electric current or voltage because of inductance or capacitance. The generation of reactive power dominates , which results in a voltage increase along the line that can reach dangerous levels for the system. To avoid this phenomenon, the shunt reactor consumes the reactive power, thus stabilizing the voltage along the line.
The Global Shunt Reactor market can be categorized on the basis of end-user into three segments: Electrical Utilities, Industrial (including Non-Utilities), and Others (Commercial, Government, and Residential).
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The report recognizes the following companies as the key players in the Global Shunt Reactor market: ABB Ltd., Crompton Greaves Ltd., Siemens AG and Tebian Electric Apparatus Stock Co. Ltd.
Other prominent vendors in the market are: Alben Industries, Alstom, BPEG Reactors, JSC Zaporozhtransformator and Transformers & Rectifiers.
Global Shunt Reactor Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Shunt Reactor market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Further, the report states that the Global Shunt Reactor market is faced with serious challenges that hinder its growth. One of the major challenges is the maturity of the markets in some major countries across the world. As the markets in some major countries are reaching maturity and competition is on the rise, the demand for shunt reactors may be affected.
Key Regions
- Americas
- EMEA
- APAC
Key Market Driver
- Focus on Increasing Grid Reliability in Developing Countries
- Increased Industrialization in Developing Countries
- Addition of High Voltage Transmission Lines
Key Market Challenge
- Mature Markets in Some Major Countries
- Introduction of Other Technologies
- Increased Investment in HVDC Technology
Key Market Trend
- Emergence of Smart Grids
- Increased Investment in Renewable Energy Sources
- Increased Investment in R&D
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents
1. Executive Summary
2. Introduction
3. Scope of the Report
Market Overview
Product Offerings
4. Market Research Methodology
4.1. Market Research Process
4.2. Research Methodology
5. Introduction
6. Market Landscape
6.1. Market Overview
6.2. Market Size and Forecast
6.3. Five Force Analysis
7. Market Segmentation by End-users
8. Geographical Segmentation
9. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
17.1. Competitive Scenario
17.1.1 Key News
17.2.2 Mergers and Acquisitions
17.2. Prominent Vendors
18. Key Vendor Analysis
18.1.1. Business Overview
18.1.2. Business Segmentation
18.1.3. Key Information
19. Other Reports in this Series
16 Lists of Exhibits
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