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.
Analysts forecast
the Global Shunt
Reactor market will grow at a
CAGR of 4.34 percent over the period 2013-2018.
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. One of the emerging
trends is the advent of smart grids. Smart grids are equipped with intelligent
functions that help improve energy efficiency.
Covered in this Report
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).
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.
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.
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.
