Shunt Reactor Market Share

Market Share of Shunt Reactor Industry

The shunt reactor market is highly consolidated due to the dominance of few established shunt reactor manufacturers like ABB Ltd, Siemens AG, CG Power, and Industrial Solutions Limited, Mitsubishi Electric Corporation. The companies in this market provide similar equipment, and hence the competition among the players is intense. Innovation and better voltage protection solutions are expected to determine the dominance of major players in high-growth regions like Asia-Pacific over the forecast period. Significant partnerships and collaborations have been taking place in this industry to establish market leadership.

• June 2020 - Siemens announced that Danish customer Semco Maritime has tapped it to provide the main electrical equipment for the electrical service platform (ESP) for the offshore wind project, Mayflower Wind LLC. The 1.6-GW project is situated in a central lease area near Massachusetts, United States. Siemen aims to supply components for Semco Maritime by 2022, and the contract includes delivery of three 275 kV / 265 MVAr shunt reactors.
• April 2020 - ABB Ltd, through its Power Grids business, has signed a five-year framework contract with Colombia-based electric transmission company Interconexion Electrica SA ESP (ISA) for the supply of crucial power equipment for ISA's South American operations. The deal is estimated to be worth some USD 100 million (EUR 91.5m) and will cover the supply of shunt reactors, gas-insulated switchgear (GIS), air-insulated switchgear (AIS) equipment.

Shunt Reactor Market Leaders

1. Siemens AG

2. CG Power and Industrial Solutions Limited

3. Mitsubishi Electric Corporation

4. Fuji Electric Co.

5. Hitachi ABB Power Grids

*Disclaimer: Major Players sorted in no particular order