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marksmithimarc · 4 years ago

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Shunt Reactor Market Size, Competitive Landscape, Business Opportunities and Forecast

As per the latest report by IMARC Group, titled “Shunt Reactor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global shunt reactor market size reached US$ 2.9 Billion in 2019. A shunt reactor is an electronic device that absorbs excess reactive power that is generated by overhead lines under low-load conditions. This assists in stabilizing the voltage and increasing the overall efficiency of the power supply system. A shunt reactor can be directly connected to the power line or a tertiary winding of a three-winding transformer. It is often switched in and out on an everyday basis, keeping into consideration the load situation in the system. As it requires low maintenance and operating costs, it is widely utilized in different sectors.

Get a sample copy of this Report: https://www.imarcgroup.com/shunt-reactor-market/requestsample

Global Shunt Reactor Market Trends:

The market is currently experiencing stable growth on account of the continually escalating demand for energy across the globe. This can be accredited to rapid urbanization, the growing global population and boosting sales of consumer electronics. Besides this, the increasing need for efficient power systems to ensure an uninterrupted supply of power is strengthening the shunt reactor market growth. Moreover, as the utilization of shunt reactors is associated with reduced carbon footprint and voltage jumps, their demand is rising worldwide. Furthermore, governing agencies in numerous countries are financing the upgradation, as well as setting up of new transmission and distribution networks. They are also investing in smart grid technologies, which is further contributing to the growth of the market. Apart from this, leading players operating in the industry are increasing their investments in research and development (R&D) activities to develop high voltage transmission systems, which is anticipated to fuel the market growth in the upcoming years. Looking forward, the market value is projected to reach US$ 3.8 Billion by 2025, expanding at a CAGR of 4.7% during the forecast period (2020-2025).

Market Summary:

Based on the type, the market has been bifurcated into oil-immersed and air-core.

On the basis of the end user, the market has been segmented into electric utilities and industrial verticals.

The market has been analyzed on the basis of the application into variable and fixed reactors.

Region-wise, the market has been classified into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.

The competitive landscape of the market has been examined, with some of the key players being ABB Ltd., General Electric (GE) Company, Siemens AG, Nissin Electric Co. Ltd., PrJSC Zaporozhtransformator, CG Power and Industrial Solutions Limited, Alstom SA, Hyundai Heavy Industries Co., Ltd., Mitsubishi Electric Corporation, Hitachi, Ltd., Toshiba Corporation, Hilkar Electric Limited, Fuji Electric Co., Ltd., TBEA Co., Ltd. and Trench Group.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/shunt-reactor-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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marketresarch07 · 4 years ago

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The constantly rising interest for power over the globe because of the rising populace and fast industrialization and urbanization is one of the key drivers for the development of the global shunt reactor market all through the conjecture time frame. The global shunt reactor market is poised to witness decent growth over the course of the next five years.

#shunt reactor market #shunt reactor market size #shunt reactor market share #shunt reactor market trends #market research reports

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thetejasamale · 3 years ago

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Shunt Reactor Market | Insight, Size, Growth, Trends, Demand, Market Analysis, Key Player profile and Regional Outlook by 2030

The Global Shunt Reactors Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Shunt Reactors will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).

Shunt reactors increase efficiency in the transmission line. This resulted into the growing transmission and distribution business which directly translates into increase in demand for the shunt reactors. Global rise in the demand for energy is one of the prime factors driving the market. Rapid increase in the infrastructural activities in the Asia-Pacific region is further going to push the demand in the shunt reactor market.

The rapid growth in economy and the population expansion have led to the increase in the consumption of power. Due to the development of the countries and the improvement in the standard of living, there is a higher demand for the energy consumptions. In case of the nation experiencing higher economic growth, the demand for improved housing will increase, which will also increase the requirement for energy for the construction purpose. Hence, many countries around the world are expanding and upgrading their electric grid infrastructure, so as to fulfil the growing demand of power and margining of grid to form inter grid connection. These developments are expected to provide vital groundwork for shunt capacitor market. Browse Full Report @ https://www.marketresearchfuture.com/reports/shunt-reactor-market-1149

According to World Bank, the consumption of electric power has been increased consistently. In 2014, the consumption of electricity was 3,144.4 kWh per capita as compared to 2,956.6 in 2010.

The growing attention and substantial investment in renewable power energy generation is rigorously driving the global Shunt Reactors market. Major economies around the world are highly focusing on developing the renewable energy power generation so as to reduce their dependency on conventional power generation through fossil fuels. Renewable energy currently holds a substantial share in total global energy production. In 2016, World Energy Council quoted that, hydropower accounted for about 30% of the total global installed power generating capacity and about 23% of total global electricity produced. The tremendous yearly addition in capacity of renewable energy is certainly required the strong transmission and distribution network which ultimately increase the demand of Shunt Reactors. Despite the Shunt Reactors are easy to use and is simple in installation, high initial investment is the major factor that may hamper the growth of the market. A Shunt Reactors improves the quality of the electrical supply and enables efficient operation of the power system. It requires a well-established infrastructure with prime equipment and other amenities. The overall initial capital investment is high, this is due to the cost associated to current advanced technology, raw material, man power and other major factors.

Shunt Reactors plants requires high amount of land acquisition, large scale construction equipment and material, machineries and ancillaries associated and man power, this overall constitute for huge initial capital cost. Key Players:

Zaporozhtransformator (Ukraine), ABB Limited (Switzerland), Alstom (France), Siemens AG (Germany), Crompton Greaves (India), Tebian Electric Apparatus Stock Company Ltd. (China), Hyundai Heavy Industries (Korea), Fuji Electric (Japan), Mitsubishi Electric Corporation (Japan), and Toshiba (Japan). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Shunt Reactors Market. Industry/ Innovation/ Related News:

Feb, 2014 - ABB, the leading power and automation technology group, won orders worth around $56 million from Power Grid Corporation of India Ltd., India’s central power transmission utility, to supply power transformers and shunt reactors for substations being built to support the country’s ultrahigh voltage transmission grid development. The orders were booked in the fourth quarter of 2013 and in the first quarter of 2014. January, 2014– Alstom Grid in Turkey will supply two shunt reactors for TenneT, the transmission system operator for Germany and the Netherlands, to improve grid stability across its transmission lines. These shunt reactors will be the first manufactured by Alstom’s Gebze site for the German market and are due for commissioning in 2015. December, 2013 - Alstom T&D India won an order worth approximately INR 790 million (€9 million) from Powergrid Corporation of India Limited (PGCIL) to provide 14 shunt reactors for the 765 kV electrical substations at Kanpur and Jhatikara in the Uttar Pradesh state. The projects were due for delivery in 2015.

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Shunt Reactors Market – Segmentation

The Global Shunt Reactors Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding; Segmentation by Type : Comprises Oil Immersed and Air-Core Dry. Segmentation by Application : Comprises Electrical Utilities and Industrial Verticals Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World. Shunt Reactors Market: Regional Analysis

Increased investment in utilities in the Asia-pacific region is one of the main sources of increased demand in the shunt reactors market. Increasing number of transmission and distribution projects undertaken in this region is pushing the sales in the market. North America closely follows Asia-Pacific in terms of demand mainly due to a well-established transmission and distribution sector.

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rahulpande15 · 3 years ago

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Nuclear Waste Management Market 2022 Industry Revenue, Analysis & Forecast to 2030

Market Highlights

The global Nuclear Waste Management Market is expected to grow at ~ 3.00% CAGR during the forecast period.

Nuclear waste management includes proper diagnosis of the nuclear waste left behind. The main purpose of nuclear waste management is the proper disposal of nuclear waste that comes out of the nuclear reactor and is dangerously radioactive and left un-attended for longer period of time. The main objective of nuclear waste management is disposing off nuclear waste in order to protect environment. Lack of efficient disposal of nuclear waste can result in leakage of radiation causing damage to life or properties. Hence, it will require proper disposal system, thus driving the nuclear waste management market growth.

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Based on application, the market has been segmented as industrial, utility, and others. Utility segment is expected to dominate the market during the forecast period due to nuclear waste generated by nuclear power plant.

Market Research Analysis

Middle East & Africa is estimated to dominate Nuclear Waste Management Market

Region wise, Middle East & Africa held the largest market share of the global Nuclear Waste Management Market in 2017. There are activities going on in various regions related to implementation of nuclear power plants. For instance, China has been witnessing a huge investment amounting to USD 390 billion majorly going towards nuclear power. Also, the US has been generating over 90,000 metric tons of nuclear water that needs disposal. The commercial sector in the US, alone has generated waste more than any other country in the world. Moreover, the US government’s nuclear weapon program has generated nuclear fuel as well as high-level radioactive waste that accounts for about 14,000 metric tons. All these factors are driving the nuclear waste management market in order to manage the waste.

Scope of the Report

This report provides an in-depth analysis of the global Nuclear Waste Management Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Nuclear Waste Management Market by its waste type, reactor type, application, and region.

Key Players

The key players of the global Nuclear Waste Management Market are Enercon Services, Inc., Veolia Environment SA, Studsvik AB, Posiva Oy, Magnox Technologies Pvt. Ltd, Perma-Fix Environmental Services, Chase Environmental Group, Bechtel Group Inc., Fluor, and BHI Energy, among others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/nuclear-waste-management-market-7226

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sanjay-chem · 3 years ago

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Shunt Reactor Market Top Scenario, SWOT Analysis, Business Overview, Forecast to 2030

The growth of global shunt reactor market is linearly associated with energy demand worldwide, states a new study by Future Market Insights (FMI). Consumption of primary energy stood globally at 576 exajoules in 2019, with China, the US, and India leading the way.

Shunt reactor market is likely to grow at double-digit CAGR through 2030. North America is predicted to rule the global market for shunt reactors through 2030

The global sales for shunt reactors witnessed a minor slowdown in the Covid-19 crisis as all the factories were closed and supply of only basic necessity goods was permitted. Since the lockdown has been lifted up to improve economic conditions, the manufacturing companies are trying hard to gain traction and attract customers globally through innovative launches and technological upliftments in 2021.

Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-609

Alerted by increasing carbon footprint, the industrial sector is rapidly investing in renewables, which made up for around 40% of worldwide growth in primary energy in 2019, finds the study.

The FMI report further opines that market players must innovate shunt reactors to meet the needs for power quality and voltage stability with grid integration of renewable energy sources.

Shunt Reactor Market Size Study

Air-core dry type shunt reactors to witness greater traction through 2030

Adoption of variable shunt reactors (VSR) to accelerate in near future

High demand for shunt reactors to come from industrial sector over following decade

Single phase shunt reactors to gain momentum

Market players to turn to Asia Pacific excluding Japan (APEJ) for potential growth avenues

Discover more about report analysis with figures and data tables, along with the table of contents. Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-609

“The networks for distributing and transmitting electrical energy is confronting new demands owing to changes in load structure and power generation. Both environmental and commercial drivers are contributing to this demand, so does power quality. As complexity of these systems is scaling up, adoption of shunt reactors is surging as they are reliable and cost-effective solution,” says analyst at FMI.

COVID-19 Impact on Shunt Reactor Market

The global demand for shunt reactors has been severely affected as over half of the global population is following stay-at-home orders, resulting in steep collapse in electricity consumption.

The International Energy Agency (IEA) reveals that consumption generally dropped by up till 20% for every month nationwide lockdowns continued. Usage in China – the first country to enact lockdown – fell by 6.5% during Q1 2020.

Countries such as India, the US, France, and the UK witnessed demand fall by at least 15% during lockdowns, while electricity demand in Italy – during peak of COVID-19 outbreak – fell down by about 75% at times.

Although residential demand has scaled by up till 40% as customers are working from home, the upsurge is nowhere close to reversing the impacts of shutting down businesses, particularly in service sector.

Realizing depressed electricity demand, priority access to grids, and low operating expenses, several countries are turning to renewables. In the US, natural gas continues to lead the pack, followed by renewable, having outshone the contribution of coal-based power generation projects.

Share of renewables in India continue to rise in power mix, and the gap between coal and renewables has narrowed down during lockdown timeframe. In China, renewables are maintaining greater share in power mix after relaxation of lockdown measures. These trends will create fertile breeding for shunt reactor manufacturers in coming years.

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dikshabond · 3 years ago

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Feeder Automation Market is Thriving Worldwide with Eaton, Advanced Control Systems, ABB, G&W Electric, Schneider Electric

Global Feeder Automation Market was valued US$ 321.28 Mn in 2021 and is expected to reach US$ 5228.31 Mn by 2028, at a CAGR of +7% during a forecast period. Feeder automation is a basic of distribution automation system, which primarily focuses on remote monitoring and control of the distribution systems & their equipment. Distribution feeders include control devices, most common being the shunt capacitors to meet local volt-ampere reactive (VAR) requirements or support voltage regulation. In addition, it comprises components such as line reclosers, load break switches, and sectionalizes. Reactors are employed to limit the fault current in the system The Feeder Automation Market intelligence study includes a brief overview of the research report, a graphical description of the regional analysis, major key players in the market with their revenue analysis, patterns and many more illuminations. Understanding the current pattern is an absolute way to foresee what the future brings, and the industry research study has understood this skill. The major results and proposals in the research report highlight the Market’s most important progressive business strategies, helping the players to devise effective long-term initiatives. Download a PDF Sample Copy (Including Full toc, Table & Figures) @ https://www.marketresearchinc.com/request-sample.php?id=106952 The key players studied in the report include: Eaton, Advanced Control Systems, ABB, G&W Electric, Schneider Electric, Crompton Greaves, Siemens, Moxa, Schweitzer Engineering Laboratories The study further also presents the details on financial attributes such as pricing structures, shares and profit margins. In a distinctive feature the report, it includes a summary of top –notch companies such as Feeder Automation. The competitive landscape of the Feeder Automation Market is presented by analyzing various successful and startup industries. The economic aspects of the businesses are provided by using facts and figures. Market segmentation of Feeder Automation market: Factors affecting the leading industry players and the recent technological developments are covered in the report. The report provides detailed statistical data to help the leading companies to gain a deeper understanding of the workings of the industry. Every leading organization and players partaking in industrial development are studied in the report and a comprehensive overview of the competitive landscape is offered in the report. Global Feeder Automation Market Segmentation: By Product Types are: • Hardware • Software • Services • Others By Applications are: • Commercial • Industrial • Residential • Others Get Discount on Purchase of This Report @ https://www.marketresearchinc.com/ask-for-discount.php?id=106952 The market study covers the lucrative market scope of North America, Latin America, Asia-Pacific, Europe, Middle East and Africa on the basis of productivity, thus focusing on the leading countries from the global regions. The report also highlights the pricing structure including cost of raw material and cost of manpower. Key benefits of the report: • This study presents the analytical depiction of the global Vaccine Storage & Packaging industry along with the current trends and future estimations to determine the imminent investment pockets. • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Vaccine Storage & Packaging market share. • The current market is quantitatively analyzed from 2021 to 2028 to highlight the global Vaccine Storage & Packaging market growth scenario. • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. • The report provides a detailed global Vaccine Storage & Packaging market analysis based on competitive intensity and how the competition will take shape in coming years For More Information or Query or Customization Before Buying, Visit @ https://www.marketresearchinc.com/enquiry-before-buying.php?id=106952 Customization of this Report: This report can be customized as per your needs, Please contact our sales professional ([email protected]), we will ensure you obtain the report which works for your needs. Contact Us Market Research Inc Author: Kevin US Address: 51 Yerba Buena Lane, Ground Suite, Inner Sunset San Francisco, CA 94103, USA Call Us: +1 (628) 225-1818 Write Us: [email protected] About Us: Market Research Inc is farsighted in its view and covers massive ground in global research. Local or global, we keep a close check on both markets. Trends and concurrent assessments sometimes overlap and influence the other. When we say market intelligence, we mean a deep and well-informed insight into your products, market, marketing, competitors, and customers. Market research companies are leading the way in nurturing global thought leadership. We help your product/service become the best they can with our informed approach

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wahid007posts · 3 years ago

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Electrical Steel Market is Growing Exponentially in Order to Gain More Demand by 2025

The report "Electrical Steel Market By Application (Transformers, Motors, Inductors), Type (Grain Oriented, Non Grain Oriented) End-Use Industry (Energy, Automotive, Manufacturing, Household Appliances), And Region (NA, EU, APAC, MEA, SA) - Global Forecast To 2025" , The electrical steel market size is estimated to be USD 31.5 billion in 2020 and projected to reach USD 45.9 billion by 2025, at a CAGR of 7.9% from 2020 to 2025. Increasing investment, coupled with growth in energy industry across the globe is expected to drive the growth of electrical steel market. However, the recent outbreak of Covid-19 is expected to have a severe impact on the electrical steel market.

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Browse 218 market data tables and 49 figures spread through 184 pages and in-depth TOC on "Electrical Steel Market”

The grain-oriented electrical steel segment is projected to lead the electrical steel market during the forecast period

The grain-oriented electrical steel segment is expected to lead the electrical steel market. This growth can be attributed to its high consumption in transformers (small, medium, and large) and generators. Applications of grain-oriented electrical steel include large power transformers, distribution transformers, small transformers, current transformers, shunt reactors, wound cores, and power generators. Non-grain oriented electrical steel is expected to register highest CAGR durinbg the forecast period.

The transformer segment is projected to lead the electrical steel market during the forecast period

Based on application, the transformers application is projected to lead the electrical steel market. The growth of this segment can be attributed to the growing energy consumption across the globe. Transformer cores are an integral part of the transformer, which is made up of laminations of electric steel. The use of electrical steel results in magnetic flux, and low core loss. Transformers application is also expected to register highest CAGR during the forecast period.

The energy industry is projected to be the major consumer of electrical steel during the forecast period

Based on end-use industry, the global electrical steel market is segregated into energy, automobiles, manufacturing, household appliances, and others. Others include construction and fabrication. The energy segment is projected to grow at the highest CAGR. This growth is attributed towards increasing population, industrialization and urbanization. Energy industry is also expected to register hghest CAGR during the forecast period.

https://www.prnewswire.com/news-releases/electrical-steel-market-worth-45-9-billion-by-2025---exclusive-report-by-marketsandmarkets-301135520.html

Asia Pacific is projected to be the largest consumer of electrical steel during the forecast period

Based on region, the electrical steel market is segregated into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, the Asia Pacific accounted for the largest share in 2019.

APAC accounted for the largest share and is expected to witness the highest growth during the forecast period. This growth can be attributed to the increasing construction & infrastructure activities, especially in China, Japan, and India, coupled with increasing investments from domestic and foreign investors in the public and private sectors. APAC is also expected to register highest CAGR during the forecast period.

Key players in the electrical steel market, namely, ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Baosteel (China), and Nippon Steel & Sumitomo Metal Corporation (Japan) are considered for the study.

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#Electrical Steel Market #electrical steel #Electrical Steel Industry #Electrical Steel Manufacturers #Electrical Steel companies

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todaysmarket · 3 years ago

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Waterproofing Systems Market expected to reach USD 72.0 Billion by 2025, at a CAGR of 6.4%, over 2020–2025