Shunt Reactor Market
Shunt Reactor Market Forecasts to 2028 - Global Analysis By Type (Dry Type, Oil-Immersed), Rating (Variable Shunt Reactor, Fixed Shunt Reactor), Phase (Three Phase, Single Phase), Voltage (200-400 Kv, Up to 200 Kv, Above 400 Kv), Application (Industrial, Residential), End User (Industrial Verticals, Electrical Utilities, Renewable Energy, Other End Users) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $3.1 BN |
|
Projected Year Value (2028) |
US $4.5 BN |
|
CAGR (2022 - 2028) |
6.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Shunt Reactor Market is accounted for $3.1 billion in 2022 and is expected to reach $4.5 billion by 2028 growing at a CAGR of 6.6% during the forecast period. Shunt reactors are used to increase the efficiency of the power and energy systems by absorbing and compensating for reactive power in cables and lengthy high-voltage transmission lines. The power line or the third winding of a three-winding modulator can both be directly connected to it. Shunt reactors are activated in high-voltage energy transmission networks to maintain the voltage throughout fluctuations in load.
The capacity exceeded 1,000 GW in 2021, according to the National Energy Administration, accounting for 43.5% of the country’s total power generation capacity.
Market Dynamics:
Driver:
Increasing Investment in Power Transmission Infrastructure Networks
For the major firms competing for market share, increased investment in electricity transmission infrastructure networks opens up significant expansion potential. Shunt reactors are necessary for the smart grid's quick growth to regulate load fluctuations. There is a need for a solution to lessen power loss during gearbox from various industries. As a result, market participants are turning their attention to new, cutting-edge technology to develop a substitute solution for lowering power losses and raising grid dependability. Industries are shifting their focus towards technology in order to build transmission and distribution systems for electric power that are both affordable and efficient. Additionally, there will be tremendous development prospects in the coming years due to the quick expansion of new power production projects using renewable energy sources.
Restraint:
Development of alternate technologies
FACTS (Flexible AC Transmission System), HVDC systems, and other alternative technologies were developed as a result of a growing focus on grid dependability and minimising energy loss during transmission. The use of capacitors in conventional grid stabilisation techniques has its own inherent constraints in terms of performance and speed, and these restrictions are rapidly making way for more efficient technologies like FACTS and HVDC systems. Consequently, the market's expansion is limited.
Opportunity:
Increasing Demand for Interrupted Power Supply
A significant element propelling the growth of the worldwide shunt reactor market is the rising demand for power combined with the length of transmission lines. Rising industrial, commercial, and residential sectors as a result of rapid urbanisation expansion place more demands on better voltage control for effective intermittent power supply. Shunt reactors are thus required to manage the voltage due to the increasing need for efficient interrupted power supplies, which will fuel the expansion of the global market in the ensuing years.
Threat:
Fluctuation in the Raw Material Prices
The expansion of the global market is hampered by the fluctuation in the cost of the raw materials required to make shunt reactors. These basic materials include gauge devices, silica gel, capillary tubes, steel sheets, copper conductors, and others. Continuous swings in the price of raw materials prompted retailers and producers to raise manufacturing costs, which impeded the market's expansion. As a result, the growth of the worldwide shunt reactor market is negatively impacted by fluctuations in raw material costs over the assessment period.
Covid-19 Impact
The worldwide shunt reactor market was adversely affected by the COVID-19 epidemic. Numerous containment strategies were put in place as a result of the virus's widespread breakout. Trade and supply chain constraints resulted from the implementation of a state-wide lockdown to stop the spread of the virus, which significantly impacted market activities. Demand for shunt reactors decreased as a result of delayed power project development and installation.
The Variable Shunt Reactor segment is expected to be the largest during the forecast period
The Variable Shunt Reactor segment is estimated to have a lucrative growth. In high voltage energy transmission networks, variable shunt reactors (VSR) are used to maintain voltage stability during load changes. Traditional shunt reactors have set ratings, and depending on the load, they can be permanently linked to the power line or can be switched in and out. A VSR's rating might be adjusted incrementally. The capability of the on-load tap changer combined with the shunt reactor's regulation winding determines the maximum regulation range. When compared to a conventional fixed shunt reactor, the variability offers greater advantages. Voltage stability is ensured by the VSR's capacity to continually correct reactive power as the load changes.
The 400 KV segment is expected to have the highest CAGR during the forecast period
The 400 KV segment is anticipated to witness the fastest CAGR growth during the forecast period, due to increased demands for protection against abrupt voltage spikes and expenditures in modernising current transmission and distribution networks. Additionally, the country's electrification is rising thanks to programmes like the Integrated Power Development Scheme (IPDS) and Deen Dayal Upadhyay Gramme Jyoti Yojana (DDUGJY), among others. Therefore, it is anticipated that the market would rise over the forecast period due to the need for high voltage shunt reactors from nations like India.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to fast rising demand in nations like China and India. Additionally, it is anticipated that an increase in renewable energy generating projects would favourably impact the market demand for shunt reactors. Thus, the industry has become more appealing from an investor's standpoint because to the increasing government backing and improved economics, which is further likely to increase the market for shunt reactors in the area.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. The market in Europe consists of established countries with cutting-edge power grid infrastructure. The market for the product is being driven, however, by an expansion in the grid infrastructure development in nations around the area as well as the rising need for renewable power.
Key players in the market
Some of the key players profiled in the Shunt Reactor Market include Nissin Electric Co. Ltd., Adani Electricity Mumbai Ltd, Mitsubishi Electric Corporation, Hilkar, ABB Power Grids, Trench Austria GmbH, General Electric Company, TEBA Transformer Industrial Group, Hitachi, Trench Group, Fuji Electric Co. Ltd., Crompton Greaves, Toshiba Energy and Solutions Corporation, Beijing Power Equipment Group and Siemens AG.
Key Developments:
In April 2022, Adani Electricity Mumbai Ltd announced that it put into service a 220kV Variable Shunt Reactor (VSR) at its Gorai EHV substation. With the installation of this 220kV, 48-120 MVAr Variable Shunt Reactor, AEML becomes one of the pioneering utilities in India.
In June 2020, Siemens announced that it is recommended by Danish customer Semco Maritime to provide the main electrical devices for the electrical service platform for the Mayflower Wind LLC offshore wind project. The 1.6-GW research study is in a central rental agreement area near Massachusetts, USA.
Types Covered:
• Dry Type
• Oil-Immersed
Ratings Covered:
• Variable Shunt Reactor
• Fixed Shunt Reactor
Phases Covered:
• Three Phase
• Single Phase
Voltages Covered:
• 200-400 Kv
• Up to 200 Kv
• Above 400 Kv
Applications Covered:
• Industrial
• Residential
End Users Covered:
• Industrial Verticals
• Electrical Utilities
• Renewable Energy
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Shunt Reactor Market, By Type
5.1 Introduction
5.2 Dry Type
5.3 Oil-Immersed
6 Global Shunt Reactor Market, By Rating
6.1 Introduction
6.2 Variable Shunt Reactor
6.3 Fixed Shunt Reactor
7 Global Shunt Reactor Market, By Phase
7.1 Introduction
7.2 Three Phase
7.3 Single Phase
8 Global Shunt Reactor Market, By Voltage
8.1 Introduction
8.2 200-400 Kv
8.3 Up to 200 Kv
8.4 Above 400 Kv
9 Global Shunt Reactor Market, By Application
9.1 Introduction
9.2 Industrial
9.3 Residential
10 Global Shunt Reactor Market, By End User
10.1 Introduction
10.2 Industrial Verticals
10.3 Electrical Utilities
10.4 Renewable Energy
10.5 Other End Users
11 Global Shunt Reactor Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Nissin Electric Co. Ltd.
13.2 Adani Electricity Mumbai Ltd
13.3 Mitsubishi Electric Corporation
13.4 Hilkar
13.5 ABB Power Grids
13.6 Trench Austria GmbH
13.7 General Electric Company
13.8 TEBA Transformer Industrial Group
13.9 Hitachi
13.10 Trench Group
13.11 Fuji Electric Co. Ltd.
13.12 Crompton Greaves
13.13 Toshiba Energy and Solutions Corporation
13.14 Beijing Power Equipment Group
13.15 Siemens AG
List of Tables
1 Global Shunt Reactor Market Outlook, By Region (2020-2028) ($MN)
2 Global Shunt Reactor Market Outlook, By Type (2020-2028) ($MN)
3 Global Shunt Reactor Market Outlook, By Dry Type (2020-2028) ($MN)
4 Global Shunt Reactor Market Outlook, By Oil-Immersed (2020-2028) ($MN)
5 Global Shunt Reactor Market Outlook, By Rating (2020-2028) ($MN)
6 Global Shunt Reactor Market Outlook, By Variable Shunt Reactor (2020-2028) ($MN)
7 Global Shunt Reactor Market Outlook, By Fixed Shunt Reactor (2020-2028) ($MN)
8 Global Shunt Reactor Market Outlook, By Phase (2020-2028) ($MN)
9 Global Shunt Reactor Market Outlook, By Three Phase (2020-2028) ($MN)
10 Global Shunt Reactor Market Outlook, By Single Phase (2020-2028) ($MN)
11 Global Shunt Reactor Market Outlook, By Voltage (2020-2028) ($MN)
12 Global Shunt Reactor Market Outlook, By 200-400 Kv (2020-2028) ($MN)
13 Global Shunt Reactor Market Outlook, By Up to 200 Kv (2020-2028) ($MN)
14 Global Shunt Reactor Market Outlook, By Above 400 Kv (2020-2028) ($MN)
15 Global Shunt Reactor Market Outlook, By Application (2020-2028) ($MN)
16 Global Shunt Reactor Market Outlook, By Industrial (2020-2028) ($MN)
17 Global Shunt Reactor Market Outlook, By Residential (2020-2028) ($MN)
18 Global Shunt Reactor Market Outlook, By End User (2020-2028) ($MN)
19 Global Shunt Reactor Market Outlook, By Industrial Verticals (2020-2028) ($MN)
20 Global Shunt Reactor Market Outlook, By Electrical Utilities (2020-2028) ($MN)
21 Global Shunt Reactor Market Outlook, By Renewable Energy (2020-2028) ($MN)
22 Global Shunt Reactor Market Outlook, By Other End Users (2020-2028) ($MN)
23 North America Shunt Reactor Market Outlook, By Country (2020-2028) ($MN)
24 North America Shunt Reactor Market Outlook, By Type (2020-2028) ($MN)
25 North America Shunt Reactor Market Outlook, By Dry Type (2020-2028) ($MN)
26 North America Shunt Reactor Market Outlook, By Oil-Immersed (2020-2028) ($MN)
27 North America Shunt Reactor Market Outlook, By Rating (2020-2028) ($MN)
28 North America Shunt Reactor Market Outlook, By Variable Shunt Reactor (2020-2028) ($MN)
29 North America Shunt Reactor Market Outlook, By Fixed Shunt Reactor (2020-2028) ($MN)
30 North America Shunt Reactor Market Outlook, By Phase (2020-2028) ($MN)
31 North America Shunt Reactor Market Outlook, By Three Phase (2020-2028) ($MN)
32 North America Shunt Reactor Market Outlook, By Single Phase (2020-2028) ($MN)
33 North America Shunt Reactor Market Outlook, By Voltage (2020-2028) ($MN)
34 North America Shunt Reactor Market Outlook, By 200-400 Kv (2020-2028) ($MN)
35 North America Shunt Reactor Market Outlook, By Up to 200 Kv (2020-2028) ($MN)
36 North America Shunt Reactor Market Outlook, By Above 400 Kv (2020-2028) ($MN)
37 North America Shunt Reactor Market Outlook, By Application (2020-2028) ($MN)
38 North America Shunt Reactor Market Outlook, By Industrial (2020-2028) ($MN)
39 North America Shunt Reactor Market Outlook, By Residential (2020-2028) ($MN)
40 North America Shunt Reactor Market Outlook, By End User (2020-2028) ($MN)
41 North America Shunt Reactor Market Outlook, By Industrial Verticals (2020-2028) ($MN)
42 North America Shunt Reactor Market Outlook, By Electrical Utilities (2020-2028) ($MN)
43 North America Shunt Reactor Market Outlook, By Renewable Energy (2020-2028) ($MN)
44 North America Shunt Reactor Market Outlook, By Other End Users (2020-2028) ($MN)
45 Europe Shunt Reactor Market Outlook, By Country (2020-2028) ($MN)
46 Europe Shunt Reactor Market Outlook, By Type (2020-2028) ($MN)
47 Europe Shunt Reactor Market Outlook, By Dry Type (2020-2028) ($MN)
48 Europe Shunt Reactor Market Outlook, By Oil-Immersed (2020-2028) ($MN)
49 Europe Shunt Reactor Market Outlook, By Rating (2020-2028) ($MN)
50 Europe Shunt Reactor Market Outlook, By Variable Shunt Reactor (2020-2028) ($MN)
51 Europe Shunt Reactor Market Outlook, By Fixed Shunt Reactor (2020-2028) ($MN)
52 Europe Shunt Reactor Market Outlook, By Phase (2020-2028) ($MN)
53 Europe Shunt Reactor Market Outlook, By Three Phase (2020-2028) ($MN)
54 Europe Shunt Reactor Market Outlook, By Single Phase (2020-2028) ($MN)
55 Europe Shunt Reactor Market Outlook, By Voltage (2020-2028) ($MN)
56 Europe Shunt Reactor Market Outlook, By 200-400 Kv (2020-2028) ($MN)
57 Europe Shunt Reactor Market Outlook, By Up to 200 Kv (2020-2028) ($MN)
58 Europe Shunt Reactor Market Outlook, By Above 400 Kv (2020-2028) ($MN)
59 Europe Shunt Reactor Market Outlook, By Application (2020-2028) ($MN)
60 Europe Shunt Reactor Market Outlook, By Industrial (2020-2028) ($MN)
61 Europe Shunt Reactor Market Outlook, By Residential (2020-2028) ($MN)
62 Europe Shunt Reactor Market Outlook, By End User (2020-2028) ($MN)
63 Europe Shunt Reactor Market Outlook, By Industrial Verticals (2020-2028) ($MN)
64 Europe Shunt Reactor Market Outlook, By Electrical Utilities (2020-2028) ($MN)
65 Europe Shunt Reactor Market Outlook, By Renewable Energy (2020-2028) ($MN)
66 Europe Shunt Reactor Market Outlook, By Other End Users (2020-2028) ($MN)
67 Asia Pacific Shunt Reactor Market Outlook, By Country (2020-2028) ($MN)
68 Asia Pacific Shunt Reactor Market Outlook, By Type (2020-2028) ($MN)
69 Asia Pacific Shunt Reactor Market Outlook, By Dry Type (2020-2028) ($MN)
70 Asia Pacific Shunt Reactor Market Outlook, By Oil-Immersed (2020-2028) ($MN)
71 Asia Pacific Shunt Reactor Market Outlook, By Rating (2020-2028) ($MN)
72 Asia Pacific Shunt Reactor Market Outlook, By Variable Shunt Reactor (2020-2028) ($MN)
73 Asia Pacific Shunt Reactor Market Outlook, By Fixed Shunt Reactor (2020-2028) ($MN)
74 Asia Pacific Shunt Reactor Market Outlook, By Phase (2020-2028) ($MN)
75 Asia Pacific Shunt Reactor Market Outlook, By Three Phase (2020-2028) ($MN)
76 Asia Pacific Shunt Reactor Market Outlook, By Single Phase (2020-2028) ($MN)
77 Asia Pacific Shunt Reactor Market Outlook, By Voltage (2020-2028) ($MN)
78 Asia Pacific Shunt Reactor Market Outlook, By 200-400 Kv (2020-2028) ($MN)
79 Asia Pacific Shunt Reactor Market Outlook, By Up to 200 Kv (2020-2028) ($MN)
80 Asia Pacific Shunt Reactor Market Outlook, By Above 400 Kv (2020-2028) ($MN)
81 Asia Pacific Shunt Reactor Market Outlook, By Application (2020-2028) ($MN)
82 Asia Pacific Shunt Reactor Market Outlook, By Industrial (2020-2028) ($MN)
83 Asia Pacific Shunt Reactor Market Outlook, By Residential (2020-2028) ($MN)
84 Asia Pacific Shunt Reactor Market Outlook, By End User (2020-2028) ($MN)
85 Asia Pacific Shunt Reactor Market Outlook, By Industrial Verticals (2020-2028) ($MN)
86 Asia Pacific Shunt Reactor Market Outlook, By Electrical Utilities (2020-2028) ($MN)
87 Asia Pacific Shunt Reactor Market Outlook, By Renewable Energy (2020-2028) ($MN)
88 Asia Pacific Shunt Reactor Market Outlook, By Other End Users (2020-2028) ($MN)
89 South America Shunt Reactor Market Outlook, By Country (2020-2028) ($MN)
90 South America Shunt Reactor Market Outlook, By Type (2020-2028) ($MN)
91 South America Shunt Reactor Market Outlook, By Dry Type (2020-2028) ($MN)
92 South America Shunt Reactor Market Outlook, By Oil-Immersed (2020-2028) ($MN)
93 South America Shunt Reactor Market Outlook, By Rating (2020-2028) ($MN)
94 South America Shunt Reactor Market Outlook, By Variable Shunt Reactor (2020-2028) ($MN)
95 South America Shunt Reactor Market Outlook, By Fixed Shunt Reactor (2020-2028) ($MN)
96 South America Shunt Reactor Market Outlook, By Phase (2020-2028) ($MN)
97 South America Shunt Reactor Market Outlook, By Three Phase (2020-2028) ($MN)
98 South America Shunt Reactor Market Outlook, By Single Phase (2020-2028) ($MN)
99 South America Shunt Reactor Market Outlook, By Voltage (2020-2028) ($MN)
100 South America Shunt Reactor Market Outlook, By 200-400 Kv (2020-2028) ($MN)
101 South America Shunt Reactor Market Outlook, By Up to 200 Kv (2020-2028) ($MN)
102 South America Shunt Reactor Market Outlook, By Above 400 Kv (2020-2028) ($MN)
103 South America Shunt Reactor Market Outlook, By Application (2020-2028) ($MN)
104 South America Shunt Reactor Market Outlook, By Industrial (2020-2028) ($MN)
105 South America Shunt Reactor Market Outlook, By Residential (2020-2028) ($MN)
106 South America Shunt Reactor Market Outlook, By End User (2020-2028) ($MN)
107 South America Shunt Reactor Market Outlook, By Industrial Verticals (2020-2028) ($MN)
108 South America Shunt Reactor Market Outlook, By Electrical Utilities (2020-2028) ($MN)
109 South America Shunt Reactor Market Outlook, By Renewable Energy (2020-2028) ($MN)
110 South America Shunt Reactor Market Outlook, By Other End Users (2020-2028) ($MN)
111 Middle East & Africa Shunt Reactor Market Outlook, By Country (2020-2028) ($MN)
112 Middle East & Africa Shunt Reactor Market Outlook, By Type (2020-2028) ($MN)
113 Middle East & Africa Shunt Reactor Market Outlook, By Dry Type (2020-2028) ($MN)
114 Middle East & Africa Shunt Reactor Market Outlook, By Oil-Immersed (2020-2028) ($MN)
115 Middle East & Africa Shunt Reactor Market Outlook, By Rating (2020-2028) ($MN)
116 Middle East & Africa Shunt Reactor Market Outlook, By Variable Shunt Reactor (2020-2028) ($MN)
117 Middle East & Africa Shunt Reactor Market Outlook, By Fixed Shunt Reactor (2020-2028) ($MN)
118 Middle East & Africa Shunt Reactor Market Outlook, By Phase (2020-2028) ($MN)
119 Middle East & Africa Shunt Reactor Market Outlook, By Three Phase (2020-2028) ($MN)
120 Middle East & Africa Shunt Reactor Market Outlook, By Single Phase (2020-2028) ($MN)
121 Middle East & Africa Shunt Reactor Market Outlook, By Voltage (2020-2028) ($MN)
122 Middle East & Africa Shunt Reactor Market Outlook, By 200-400 Kv (2020-2028) ($MN)
123 Middle East & Africa Shunt Reactor Market Outlook, By Up to 200 Kv (2020-2028) ($MN)
124 Middle East & Africa Shunt Reactor Market Outlook, By Above 400 Kv (2020-2028) ($MN)
125 Middle East & Africa Shunt Reactor Market Outlook, By Application (2020-2028) ($MN)
126 Middle East & Africa Shunt Reactor Market Outlook, By Industrial (2020-2028) ($MN)
127 Middle East & Africa Shunt Reactor Market Outlook, By Residential (2020-2028) ($MN)
128 Middle East & Africa Shunt Reactor Market Outlook, By End User (2020-2028) ($MN)
129 Middle East & Africa Shunt Reactor Market Outlook, By Industrial Verticals (2020-2028) ($MN)
130 Middle East & Africa Shunt Reactor Market Outlook, By Electrical Utilities (2020-2028) ($MN)
131 Middle East & Africa Shunt Reactor Market Outlook, By Renewable Energy (2020-2028) ($MN)
132 Middle East & Africa Shunt Reactor Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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