Series Reactor Market Growth Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION  

The series reactor is connected in series with the power capacitor. They suppress the harmonics of the power grid and prevent problems caused by anomalous events such as transient overcurrents and overvoltages caused by the opening and closing of power capacitors. They are designed for a variety of purposes, including B. Current Limit, Neutral / Earth, Motor Start, Arc Furnace Series Choke and Duplex Choke.

MARKET DYNAMICS

Rising energy demand in the industrial sector is another notable factor influencing the installation of branch reactors at power plants in the region. For example, in April 2021, the second 330kV series reactor at a Belarusian nuclear power plant went into operation. This device is used in overhead transmission lines, and its nominal voltage of 330 kV is the main source of reactive power. Siemens' continued involvement in the SINCRO.GRID project has allowed the company to supply a variety of shunt tracts for grid development projects in Europe. In Croatia, the company was able to install a 100MVAr variable shunt tract at the Miraclin substation.

MARKET SCOPE    

The "Global Series Reactor Market Analysis to 2031" is a specialized and in-depth study of the series reactor market with a special focus on the global market trend analysis. The report aims to provide an overview of the series reactor market with detailed market segmentation by type, application, and geography. The global series reactor' market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading series reactor market players and offers key trends and opportunities in the series reactor' market. 

MARKET SEGMENTATION

The global series reactor market is segmented based on type and application. Based on its type, series reactor' market can be segmented into mold type series reactor and air sealed type series reactor. Based on application, series reactor market can be segmented into commercial buildings, department stores, hospital and other. 

IMPACT OF COVID-19 ON SERIES REACTOR MARKET

With the recent outbreak of COVID 19, the series tractor market is expected to experience a slight decline due to the blockade policies adopted by various governments around the world. However, the market continued is growth owing to the ongoing government project. For instance, in April 2021, China's State Grid Corporation of China (SGCC), a power transmission system operator in China, established an ultra-high voltage (U.H.V.) DC (DC) of 800 kV and 800 MW between Yulin, Shaanxi and Wuhan provinces. Construction of a power transmission project has started. 

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Series Reactor Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Series Reactor Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Series Reactor Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the series reactor market in these regions.
 

MARKET PLAYERS

The reports cover key developments in the series reactor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from series reactor market are anticipated to lucrative growth opportunities in the future with the rising demand for series reactor market. Below mentioned is the list of few companies engaged in the series reactor market. 
The report also includes the profiles of key series reactor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• Hitachi ABB Power Grid
• GE Grid Solutions
• Siemens
• Trench
• NISSIN ELECTRIC
• Hada Electric
• EAGTOP
• Xiaozhen Electric
• Shihlin Electric and Engineering
• AMES IMPEX Electricals

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
 

Series Reactor Report Scope