A new market report is available titled “Global Shunt Reactor Market 2022 Analysis by Top Vendors, Regions, Revenue, Current Status, Opportunities”.
According to the report, the global shunt reactor market is projected to grow at a 7.37% CAGR by 2018-2022, reports Facts of the Week.
The main market driver is expansion of the renewable power generation capacity, while emergence of smart grids is recognized as a market trend.
The market is challenged by reduced earnings of the global power distribution sector.
The key market players in the shunt reactor industry are ABB, CG Power and Industrial Solutions, Siemens, TBEA HENGYANG TRANSFORMER, Beijing Power Equipment Group (BPEG), EGE, Fuji Electric, GBE, General Electric, Hilkar, and others.
Source: Facts of the Week