Shunt Reactor Market Outlook, Growth Trends, Forecast by 2022 Graphical Research

The shunt reactor market is expected to grow at a CAGR of 4.56% from 2017 to 2022, to reach a market size of USD 3.19 billion by 2022. The major drivers of the shunt reactor market include increasing demand for electricity, upgradation of the aging technology, and modernization of the T&D network.

Browse 70 Market Data Tables and 32 Figures spread through 119 Pages and in-depth TOC on "Shunt Reactor Market by Type (Oil-Immersed and Air-Core), Application (Variable Reactors and Fixed Reactors), End-User (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific, and South America) - Global Forecast to 2022"

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Key companies to provide shunt reactors are GE (US), Siemens (Germany), ABB (Switzerland), Fuji Electric (Japan), Mitsubishi Electric (Japan), CG (India), Nissin Electric (Japan), Zaporozhtransformator (Ukraine), TBEA (China), Toshiba (Japan), and Hilkar (Turkey).

The key players in the shunt reactor market have been indulged in various contracts & agreements to install, construct, develop, or upgrade the shunt reactors. The companies supply shunt reactors to the electric utilities and various industrial verticals. The demand for shunt reactors increases with rise in demand for electricity, which in turn increases the investment in T&D networks, which leads to increase in the shunt reactor market. Thus, contracts & agreements is the major strategy adopted by the companies.

The industrial verticals segment is expected to be the fastest growing segment during the forecast period. The reactive power component enters into the system and reduces the power factor, which is used to measure the efficiency and quality of the power used. Thus, in the industrial vertical segment, the shunt reactors are used to improve the power factor. Growing industrialization in developing countries increases the investment in the T&D infrastructure. The upgradation of the aging technology in various industries leads to rise in investments in the T&D infrastructure which is expected to increase the shunt reactor market during the forecast period. The large investments in the T&D network would create an opportunity for the manufacturers to supply shunt reactors to various private companies.

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The oil-immersed shunt reactor segment is expected to be the fastest growing segment during the forecast period. Oil-immersed shunt reactors are usually utilized for systems with a voltage profile of 72.5 kV and above and are connected directly to the high-voltage busbar/transmission network. Investments in the T&D infrastructure and upgradation of the aging technology are taking place in the developing regions, where the oil-immersed shunt reactors have a high growth. Asia Pacific and North America are estimated to have a decent market growth for oil-immersed shunt reactors.

Cables and Accessories Market is Expected to Exceed More Than $158.25 Billion By 2023 at A CAGR of 5.40%.

The global cables and accessories market is expected to grow at a CAGR of 5.40%, from 2017 to 2022, to reach a market size of USD 158.25 billion by 2022. The increasing demand for electric power worldwide, subsequent investments in installing renewable generation capacity, and rapidly growing industrialization are likely to drive the cables and accessories market during the forecast period.

Browse 128 market data Tables and 47 Figures spread through 196 Pages and in-depth TOC on "Cables and Accessories Market by Voltage (Low, Medium, High), LV by Installation (Overhead (Conductors, Accessories), Underground (PVC, XLPE, Terminations, and Joints)), LV by End-User (Industrial, Renewables), and Region - Global Forecast to 2022"

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The cables and accessories market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the cables and accessories industry include Prysmian (Italy), Nexans (France), General Cable (US), NKT Cables (Germany), and Sumitomo (Japan).

Renewable segment is estimated to be the fastest-growing demand segments for the low voltage cables and accessories market, by end-user, from 2017 to 2022. This segment is being driven by factors such as government mandates to increase power generation through clean energy that would result in reduction of greenhouse emissions. Increase in number of wind power projects in countries such as Japan, Denmark, Spain, Portugal, among others has led to an increased share of renewable energy in the total power generation globally. 

Target Audience:

The report’s target audience includes:

·         Cable manufacturing companies

·         Consulting companies in the power sector

·         Engineering, procurement, and construction companies in the transmission and distribution sector

·         Government and research organizations

·         Cables and accessories and equipment manufacturers

·         Insulation raw material suppliers

·         Investment banks

·         Power transmission and distribution companies

Based on installation, underground segment is estimated to grow at the fastest rate from 2017 to 2022. This is due to various factors such as protection against bad weather conditions and lightning sparks. Underground lines have less tendency to short circuits and lightning sparks making it less hazardous. Also, underground cables have lesser transmission and distribution losses as they have efficient copper conductors and can operate at lower temperatures compared to overhead lines.  

The share of solar power in renewable segment is estimated to grow at a faster rate from 2017 to 2022. The decreasing costs of solar installations and greenhouse gas emission restrictions are driving the adoption of renewable energy sources for power generation in the commercial, residential, and industrial sectors. Driven by attractive policy incentives, solar PV has emerged as one of the fastest growing renewable energy sources which would drive the low voltage cables and accessories market.

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Objectives of the Study

·         To define, describe, and forecast the cables and accessories market by voltage, LV by installation, LV by end-user, and region

·         To provide detailed information regarding major factors influencing the growth of the cables and accessories market (drivers, restraints, opportunities, and industry-specific challenges)

·         To strategically analyze the cables and accessories market with respect to individual growth trends, future projections, and the contribution of each segment to the market

·         To track and analyze competitive developments such as contracts & agreements, new product launches, expansions and investments, and partnerships and collaborations in the cables and accessories market

·         To profile key players and comprehensively analyze their market ranking and core competencies

Cables and accessories in low voltage segment based on region is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Asia Pacific is projected to grow at the fastest rate from 2017 to 2022 followed by Middle East & Africa and North America. Countries such as China and India are the largest markets and have increased their investments in power sector in the recent past. China accounted for the maximum share in the Asian region in 2016 and is projected to grow at the highest CAGR of 5.47% from 2017 to 2022. Increase in the demand for electricity from residential and commercial sectors and integration of distributed energy resources would have a positive impact on low voltage cables and accessories market in Asia-Pacific. Also, increasing urbanization and industrialization are also the major factors impacting the growth of the low voltage cables and accessories in this region.

North America Engines Market to Capture Unparalleled Growth with A 4.52% CAGR Growth By 2023

The report "North America Engines Market by Type (Power Generation - Emergency & Standby, Prime Power, Peak Shaving & Marine - Recreational, Commercial), Power Rating (0-60 HP,61-100 HP,101-300 HP,301-500 HP,501-700 HP, above 700 HP), Country - Forecast to 2023", the North America engines market is projected to reach USD 3.7 billion by 2023, at a CAGR of 4.52% from an estimated USD 2.9 billion in 2018. Increase in number of power outages, growing demand for uninterrupted & reliable power supply for industrial applications, increasing demand for commercial vessels due to increase in seaborne trade, and high demand from power supply utilities to ensure proper functioning of data centers & IT facilities are likely to drive the North America engines market during the forecast period. Rise in demand for hybrid fuel engines is an opportunity for the North America engines market.

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Power generation engines segment, by type, is expected to hold the largest share of the North America Engines Market during the forecast period.

The North America Engines Market, by type, has been classified into power generation and marine applications. The power generation segment includes emergency & standby, prime power, peak shaving, and the marine segment includes recreational and commercial. Power outages and growing customer preference toward intermittent power supply, growing demand for natural gas and mobile engines are expected to drive the power generation North America Engines Market. The emergency & standby generators are the most attractive application due to numerous events hosted by the respective nations as well as grid maintenance activities.

Browse and in-depth TOC on "North America Engines Market"

50 - Tables

23 - Figures

102 - Pages

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Above 700 HP segment of the North America Engines Market, by power rating, is expected to be the largest market during the forecast period.

Above 700 HP segment led the North America Engines Market in 2018 and is estimated to be the largest market during the forecast period. The main production growth is projected to come from natural gas units because of increase in shale gas production in the US and gas from oil sands in Canada. Increasing demand from the offshore and industrial applications in the US and Canada is expected to drive the above 700 HP segment during the forecast period. The above 700 HP segment is projected to experience a slower growth during the forecast period due to investments uncertainties in the oil & gas industry.

US: The leading North America Engines Market

In this report, the North America Engines Market has been analyzed with respect to 2 countries—the US and Canada. The US led the North America Engines Market in 2018. Bi-fuel generators offer advantages of both gas generators and diesel generators and improve the reliability of standby power system. Most of the time, bi-fuel generators run on gas but in case of emergency, it can run on 100% diesel also.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the North America Engines Market. The key players include Cummins (US), Caterpillar (US), Wärtsilä (Finland), Rolls-Royce (UK), John Deere (US), Yanmar (Japan), and Mitsubishi Heavy Industries (Japan).

The leading players are adopting various strategies to increase their share in the North America Engines Market. New product launches was one of the key strategies adopted by the players to strengthen their presence and offerings in North America.

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