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Shunt Reactor Market in APAC 2024-2028

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    Report

  • 139 Pages
  • December 2024
  • Region: Asia Pacific
  • TechNavio
  • ID: 5550381
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The shunt reactor market in apac is forecasted to grow by USD 160.5 million during 2023-2028, accelerating at a CAGR of 2.8% during the forecast period. The report on the shunt reactor market in apac provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased industrialization in developing nations, expansion and upgradation of its existing transmission and distribution network, and focus on reducing transmission losses.

The shunt reactor market in apac is segmented as below:

By End-user

  • Power utilities
  • Industrials

By Geographical Landscape

  • APAC
This study identifies the integration of shunt reactors with smart grid technologies as one of the prime reasons driving the shunt reactor market in apac growth during the next few years. Also, growing demand for compact and lightweight reactors and increasing focus on renewable energy integration will lead to sizable demand in the market.

The report on the shunt reactor market in apac covers the following areas:

  • Shunt Reactor Market in APAC sizing
  • Shunt Reactor Market in APAC forecast
  • Shunt Reactor Market in APAC industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading shunt reactor market in apac vendors that include ABB Ltd., ALSTOM SA, CG Power and Industrial Solutions Ltd., Clariant Power System Ltd., ENPAY Endustriyel Pazarlama ve Yat?r?m A.S., Fuji Electric Co. Ltd., Hitachi Ltd., Hyosung Heavy Industries Corp., Hyundai Motor Group, Mitsubishi Electric Corp., Precise Engineering Models Pvt. Ltd., Shrihans Electricals Pvt. Ltd., Siemens AG, Starlit Electricals, Sumitomo Electric Industries Ltd., Tamura Corp, Toshiba Corp., TSEA, and Zaporozhtransformator PrJSC. Also, the shunt reactor market in apac analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Chart on APAC: Year-over-year growth 2023-2028 (%)
Data Table on Regional - Market size and forecast 2023-2028 ($ million)
5 Historic Market Size
5.1 Shunt Reactor Market in APAC 2018 - 2022
Historic Market Size - Data Table on Shunt Reactor Market in APAC 2018 - 2022 ($ million)
5.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on the Shunt Reactor Market in APAC
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by End-user
8.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
8.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
8.3 Power utilities - Market size and forecast 2023-2028
Chart on Power utilities - Market size and forecast 2023-2028 ($ million)
Data Table on Power utilities - Market size and forecast 2023-2028 ($ million)
Chart on Power utilities - Year-over-year growth 2023-2028 (%)
Data Table on Power utilities - Year-over-year growth 2023-2028 (%)
8.4 Industrials - Market size and forecast 2023-2028
Chart on Industrials - Market size and forecast 2023-2028 ($ million)
Data Table on Industrials - Market size and forecast 2023-2028 ($ million)
Chart on Industrials - Year-over-year growth 2023-2028 (%)
Data Table on Industrials - Year-over-year growth 2023-2028 (%)
8.5 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
9 Customer Landscape
9.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
10.1 Geographic segmentation
Chart on Market share By Geographical Landscape - 2023-2028 (%)
Data Table on Market share By Geographical Landscape - 2023-2028 (%)
10.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
10.3 China - Market size and forecast 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China - Year-over-year growth 2023-2028 (%)
Data Table on China - Year-over-year growth 2023-2028 (%)
10.4 India - Market size and forecast 2023-2028
Chart on India - Market size and forecast 2023-2028 ($ million)
Data Table on India - Market size and forecast 2023-2028 ($ million)
Chart on India - Year-over-year growth 2023-2028 (%)
Data Table on India - Year-over-year growth 2023-2028 (%)
10.5 Japan - Market size and forecast 2023-2028
Chart on Japan - Market size and forecast 2023-2028 ($ million)
Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Chart on Japan - Year-over-year growth 2023-2028 (%)
Data Table on Japan - Year-over-year growth 2023-2028 (%)
10.6 Rest of APAC - Market size and forecast 2023-2028
Chart on Rest of APAC - Market size and forecast 2023-2028 ($ million)
Data Table on Rest of APAC - Market size and forecast 2023-2028 ($ million)
Chart on Rest of APAC - Year-over-year growth 2023-2028 (%)
Data Table on Rest of APAC - Year-over-year growth 2023-2028 (%)
10.7 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Table on Market opportunity By Geographical Landscape ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 ABB Ltd.
ABB Ltd. - Overview
ABB Ltd. - Business segments
ABB Ltd. - Key news
ABB Ltd. - Key offerings
ABB Ltd. - Segment focus
SWOT
13.5 ALSTOM SA
ALSTOM SA - Overview
ALSTOM SA - Business segments
ALSTOM SA - Key news
ALSTOM SA - Key offerings
ALSTOM SA - Segment focus
SWOT
13.6 Fuji Electric Co. Ltd.
Fuji Electric Co. Ltd. - Overview
Fuji Electric Co. Ltd. - Business segments
Fuji Electric Co. Ltd. - Key news
Fuji Electric Co. Ltd. - Key offerings
Fuji Electric Co. Ltd. - Segment focus
SWOT
13.7 Hitachi Ltd.
Hitachi Ltd. - Overview
Hitachi Ltd. - Business segments
Hitachi Ltd. - Key news
Hitachi Ltd. - Key offerings
Hitachi Ltd. - Segment focus
SWOT
13.8 Hyundai Motor Group
Hyundai Motor Group - Overview
Hyundai Motor Group - Business segments
Hyundai Motor Group - Key news
Hyundai Motor Group - Key offerings
Hyundai Motor Group - Segment focus
SWOT
13.9 Mitsubishi Electric Corp.
Mitsubishi Electric Corp. - Overview
Mitsubishi Electric Corp. - Business segments
Mitsubishi Electric Corp. - Key offerings
Mitsubishi Electric Corp. - Segment focus
SWOT
13.10 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
SWOT
13.11 Toshiba Corp.
Toshiba Corp. - Overview
Toshiba Corp. - Business segments
Toshiba Corp. - Key news
Toshiba Corp. - Key offerings
Toshiba Corp. - Segment focus
SWOT
13.12 TSEA
TSEA - Overview
TSEA - Product / Service
TSEA - Key offerings
SWOT
13.13 Zaporozhtransformator PrJSC
Zaporozhtransformator PrJSC - Overview
Zaporozhtransformator PrJSC - Product / Service
Zaporozhtransformator PrJSC - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 10: Overview on criticality of inputs and factors of differentiation
Exhibits 11: Overview on factors of disruption
Exhibits 12: Impact of drivers and challenges in 2023 and 2028
Exhibits 13: Parent Market
Exhibits 14: Data Table on - Parent Market
Exhibits 15: Market characteristics analysis
Exhibits 16: Value chain analysis
Exhibits 17: Offerings of companies included in the market definition
Exhibits 18: Market segments
Exhibits 19: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 20: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 21: Chart on APAC: Year-over-year growth 2023-2028 (%)
Exhibits 22: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 23: Historic Market Size - Data Table on Shunt Reactor Market in APAC 2018 - 2022 ($ million)
Exhibits 24: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 25: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 26: Five forces analysis - Comparison between 2023 and 2028
Exhibits 27: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 28: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 29: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 30: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 31: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 32: Chart on Market condition - Five forces 2023 and 2028
Exhibits 33: Chart on End-user - Market share 2023-2028 (%)
Exhibits 34: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 35: Chart on Comparison by End-user
Exhibits 36: Data Table on Comparison by End-user
Exhibits 37: Chart on Power utilities - Market size and forecast 2023-2028 ($ million)
Exhibits 38: Data Table on Power utilities - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Chart on Power utilities - Year-over-year growth 2023-2028 (%)
Exhibits 40: Data Table on Power utilities - Year-over-year growth 2023-2028 (%)
Exhibits 41: Chart on Industrials - Market size and forecast 2023-2028 ($ million)
Exhibits 42: Data Table on Industrials - Market size and forecast 2023-2028 ($ million)
Exhibits 43: Chart on Industrials - Year-over-year growth 2023-2028 (%)
Exhibits 44: Data Table on Industrials - Year-over-year growth 2023-2028 (%)
Exhibits 45: Market opportunity by End-user ($ million)
Exhibits 46: Data Table on Market opportunity by End-user ($ million)
Exhibits 47: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 48: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 49: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 50: Chart on Geographic comparison
Exhibits 51: Data Table on Geographic comparison
Exhibits 52: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 53: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 55: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 56: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibits 57: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibits 59: Data Table on India - Year-over-year growth 2023-2028 (%)
Exhibits 60: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 61: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 63: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 64: Chart on Rest of APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 65: Data Table on Rest of APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Chart on Rest of APAC - Year-over-year growth 2023-2028 (%)
Exhibits 67: Data Table on Rest of APAC - Year-over-year growth 2023-2028 (%)
Exhibits 68: Market opportunity By Geographical Landscape ($ million)
Exhibits 69: Data Table on Market opportunity By Geographical Landscape ($ million)
Exhibits 70: Impact of drivers and challenges in 2023 and 2028
Exhibits 71: Overview on criticality of inputs and factors of differentiation
Exhibits 72: Overview on factors of disruption
Exhibits 73: Impact of key risks on business
Exhibits 74: Companies covered
Exhibits 75: Company ranking index
Exhibits 76: Matrix on companies position and classification
Exhibits 77: ABB Ltd. - Overview
Exhibits 78: ABB Ltd. - Business segments
Exhibits 79: ABB Ltd. - Key news
Exhibits 80: ABB Ltd. - Key offerings
Exhibits 81: ABB Ltd. - Segment focus
Exhibits 82: SWOT
Exhibits 83: ALSTOM SA - Overview
Exhibits 84: ALSTOM SA - Business segments
Exhibits 85: ALSTOM SA - Key news
Exhibits 86: ALSTOM SA - Key offerings
Exhibits 87: ALSTOM SA - Segment focus
Exhibits 88: SWOT
Exhibits 89: Fuji Electric Co. Ltd. - Overview
Exhibits 90: Fuji Electric Co. Ltd. - Business segments
Exhibits 91: Fuji Electric Co. Ltd. - Key news
Exhibits 92: Fuji Electric Co. Ltd. - Key offerings
Exhibits 93: Fuji Electric Co. Ltd. - Segment focus
Exhibits 94: SWOT
Exhibits 95: Hitachi Ltd. - Overview
Exhibits 96: Hitachi Ltd. - Business segments
Exhibits 97: Hitachi Ltd. - Key news
Exhibits 98: Hitachi Ltd. - Key offerings
Exhibits 99: Hitachi Ltd. - Segment focus
Exhibits 100: SWOT
Exhibits 101: Hyundai Motor Group - Overview
Exhibits 102: Hyundai Motor Group - Business segments
Exhibits 103: Hyundai Motor Group - Key news
Exhibits 104: Hyundai Motor Group - Key offerings
Exhibits 105: Hyundai Motor Group - Segment focus
Exhibits 106: SWOT
Exhibits 107: Mitsubishi Electric Corp. - Overview
Exhibits 108: Mitsubishi Electric Corp. - Business segments
Exhibits 109: Mitsubishi Electric Corp. - Key offerings
Exhibits 110: Mitsubishi Electric Corp. - Segment focus
Exhibits 111: SWOT
Exhibits 112: Siemens AG - Overview
Exhibits 113: Siemens AG - Business segments
Exhibits 114: Siemens AG - Key news
Exhibits 115: Siemens AG - Key offerings
Exhibits 116: Siemens AG - Segment focus
Exhibits 117: SWOT
Exhibits 118: Toshiba Corp. - Overview
Exhibits 119: Toshiba Corp. - Business segments
Exhibits 120: Toshiba Corp. - Key news
Exhibits 121: Toshiba Corp. - Key offerings
Exhibits 122: Toshiba Corp. - Segment focus
Exhibits 123: SWOT
Exhibits 124: TSEA - Overview
Exhibits 125: TSEA - Product / Service
Exhibits 126: TSEA - Key offerings
Exhibits 127: SWOT
Exhibits 128: Zaporozhtransformator PrJSC - Overview
Exhibits 129: Zaporozhtransformator PrJSC - Product / Service
Exhibits 130: Zaporozhtransformator PrJSC - Key offerings
Exhibits 131: SWOT
Exhibits 132: Inclusions checklist
Exhibits 133: Exclusions checklist
Exhibits 134: Currency conversion rates for US$
Exhibits 135: Research methodology
Exhibits 136: Information sources
Exhibits 137: Data validation
Exhibits 138: Validation techniques employed for market sizing
Exhibits 139: Data synthesis
Exhibits 140: 360 degree market analysis
Exhibits 141: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the shunt reactor market in apac: ABB Ltd., ALSTOM SA, CG Power and Industrial Solutions Ltd., Clariant Power System Ltd., ENPAY Endustriyel Pazarlama ve Yat?r?m A.S., Fuji Electric Co. Ltd., Hitachi Ltd., Hyosung Heavy Industries Corp., Hyundai Motor Group, Mitsubishi Electric Corp., Precise Engineering Models Pvt. Ltd., Shrihans Electricals Pvt. Ltd., Siemens AG, Starlit Electricals, Sumitomo Electric Industries Ltd., Tamura Corp, Toshiba Corp., TSEA, and Zaporozhtransformator PrJSC.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is integration of shunt reactors with smart grid technologies."

According to the report, one of the major drivers for this market is the increased industrialization in developing nations.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB Ltd.
  • ALSTOM SA
  • CG Power and Industrial Solutions Ltd.
  • Clariant Power System Ltd.
  • ENPAY Endustriyel Pazarlama ve Yat?r?m A.S.
  • Fuji Electric Co. Ltd.
  • Hitachi Ltd.
  • Hyosung Heavy Industries Corp.
  • Hyundai Motor Group
  • Mitsubishi Electric Corp.
  • Precise Engineering Models Pvt. Ltd.
  • Shrihans Electricals Pvt. Ltd.
  • Siemens AG
  • Starlit Electricals
  • Sumitomo Electric Industries Ltd.
  • Tamura Corp
  • Toshiba Corp.
  • TSEA
  • Zaporozhtransformator PrJSC