Global Shunt Reactor Market By Knowledge Sourcing Intelligence

Global shunt reactor market was valued at US$2.212 billion in 2017 and is projected to expand at a CAGR of 4.95% over the forecast period to grow to US$2.956 billion by 2023. A shunt reactor is a compact device which acts as an absorber of reactive power and in turn boosts the energy efficiency of the system. It is commonly used for reactive power compensation in long high-voltage transmission lines and in cable systems. Shunt reactors are normally connected to substation bus-bar, often directly to the overhead transmission lines.