Market Share of Europe Shunt Reactors Industry
The competitive landscape of the Europe Shunt Reactor Market is consolidated, owing to the presence of few vendors in the region, such as Siemens, Mitsubishi, Fuji Electric, Hyosung Corporation, and many more. The market players are receiving contracts from several global companies for the delivery of shunt reactors, which is helping them strengthen their global foothold. Also, the vendors in the market are forming strategic collaborations with a view to boosting their market share.
- June 2020 - Semco Maritime awarded Siemens with an order on equipment for the electrical service platform at the planned 1.6-GW Mayflower Wind project. The equipment will include three 275 kV / 265 MVAr shunt reactors, a 72 kV HV gas-insulated switchgear (GIS), three 275 kV MV GIS systems, an integrated conditioning monitoring system, and SCADA and protection systems.
Europe Shunt Reactors Market Leaders
Siemens AG
CG Power and Industrial Solutions Limited
Mitsubishi Electric Corporation
Fuji Electric Co.
Hyosung Corporation
*Disclaimer: Major Players sorted in no particular order
