“The shunt reactor market has been growing rapidly in recent years. Shunt reactors are the most compact and cost-efficient way to compensate for reactive power generation in long high-voltage power transmission systems. Increased energy efficiency, improved voltage levels, and improved power quality are a few advantages driving the demand for shunt reactors. The growing demand for shunt reactors for advanced transmission and distribution (T&D) networks, use of shunt reactors in renewable energy platforms, and upgradation of T&D infrastructure in developed nations drives the shunt reactor market. Emerging economies such as China and India offer promising opportunities for the shunt reactor market.
The report “Shunt Reactor Market, By Type (Oil-Immersed and Air-Core Dry Type),By End-User (Electrical Utilities and Industrial Verticals), and By Region (North America, Asia-Pacific, Europe, South America, and Middle East and Africa) – Global Forecast and Trends to 2019†defines and segments the global shunt reactor market, with an analysis and forecast of the global market size ($Million). The report also touches on various important aspects of the market. These include analysis of the value chain, drivers, restraints, opportunities, challenges, Porter’s Five Forces model, and a competitive landscape.
Asia-Pacific dominates the shunt reactor market
Asia-Pacific held the largest share—about 33.7%—of the global shunt reactor market in 2013. China is the largest market and is expected to retain its position in the shunt reactor industry in coming years. The Asia-Pacific region is projected to hold the largest share of global investment requirements in T&D network from 2011 to 2016. Asia-Pacific is followed by North America and Europe, where the majority of the investments will be utilized for T&D network refurbishment. Apart from this, developing nations in Asia-Pacific are currently increasing their power generation capacity to satisfy growing energy demands. The Asia-Pacific region is witnessing considerable industrialization and urbanization. The demand for shunt reactors in the Asia-Pacific region is expected to reach $0.92 billion by 2019, from $0.62 billion in 2014.
Leading players in this industry have been profiled, along with their recent developments and other strategic activities. These include ABB Limited (Switzerland), Alstom SA (France), Toshiba (Japan), Crompton Greaves (India), and Zaporozhtransformator (Ukraine).
”
“TABLE OF CONTENTS
1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY & PRICING 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 INTRODUCTION 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 20
2.1.2.3 Breakdown of primary interviews: by company type, designation,
& region 21
2.2 MARKET SIZE ESTIMATION 22
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 33
4.1 SHUNT REACTOR MARKET IS EXEPECTED TO GROW AT A CAGR OF 8.2% DURING THE FORECAST PERIOD 33
4.2 ASIA-PACIFIC HELD THE MAXIMUM SHARE IN 2014 34
4.3 CHINA TO DEMAND MAJORITY OF SHUNT REACTORS IN THE ASIA-PACIFIC REGION 35
4.4 OIL-IMMERSED DOMINATED THE SHUNT REACTOR MARKET IN 2014 36
4.5 SHUNT REACTOR MARKET SHARE, BY COUNTRY, 2014 37
4.6 KEY COUNTRIES TO DEMAND OIL-IMMERSED SHUNT REACTORS DURING THE FORECAST PERIOD 38
4.7 LIFE CYCLE ANALYSIS, BY REGION 39
5 MARKET OVERVIEW 40
5.1 INTRODUCTION 41
5.2 ADVANTAGES OF SHUNT REACTORS 42
5.3 MARKET SEGMENTATION 43
5.3.1 BY TYPE 43
5.3.2 BY END-USER 44
5.3.3 BY REGION 45
5.4 MARKET DYNAMICS 46
5.4.1 DRIVERS 47
5.4.1.1 Augmentation & modernization of transmission and
distribution network 47
5.4.1.2 Increasing demand for electricity globally 48
5.4.1.3 Low power transmission losses 49
5.4.1.4 Up gradation of aging technology in developed nations 49
5.4.1.5 Growth of renewable energy 50
5.4.1.6 Addition of High Voltage Transmission Lines 51
5.4.2 RESTRAINT 52
5.4.2.1 Development of alternate technologies 52
5.4.3 OPPORTUNITIES 52
5.4.3.1 Continuous increase in power generation capacity 52
5.4.3.2 Adopting smart grid technology 52
5.4.4 CHALLENGE 53
5.4.4.1 Low quality & cheap products 53
6 INDUSTRY TRENDS 54
6.1 INTRODUCTION 54
6.2 VALUE CHAIN ANALYSIS 54
6.3 SUPPLY CHAIN ANALYSIS 55
6.3.1 KEY INFLUENCERS 55
6.4 PORTER’S FIVE FORCES ANALYSIS 57
6.4.1 THREAT OF NEW ENTRANTS 58
6.4.2 THREAT OF SUBSTITUTES 58
6.4.3 BARGAINING POWER OF SUPPLIERS 58
6.4.4 BARGAINING POWER OF BUYERS 59
6.4.5 INTENSITY OF COMPETITIVE RIVALRY 59
7 SHUNT REACTOR MARKET, BY TYPE 60
7.1 INTRODUCTION 61
7.2 OIL-IMMERSED SHUNT REACTORS 62
7.2.1 BY REGION 64
7.2.1.1 North America 64
7.2.1.2 Europe 65
7.2.1.3 Asia-Pacific 66
7.2.1.4 South America 67
7.2.1.5 Middle East & Africa 68
7.3 AIR-CORE DRY SHUNT REACTORS 69
7.3.1 BY REGION 71
7.3.1.1 North America 71
7.3.1.2 Europe 72
7.3.1.3 Asia-Pacific 73
7.3.1.4 South America 74
7.3.1.5 Middle East & Africa 75
8 SHUNT REACTOR MARKET, BY END-USER 76
8.1 INTRODUCTION 77
8.2 ELECTRICAL UTILITIES 80
8.2.1 BY REGION 81
8.2.1.1 North America 81
8.2.1.2 Europe 81
8.2.1.3 Asia-Pacific 82
8.2.1.4 South America 82
8.2.1.5 Middle East & Africa 83
8.3 INDUSTRIAL VERTICALS 84
8.3.1 BY REGION 85
8.3.1.1 North America 85
8.3.1.2 Europe 86
8.3.1.3 Asia-Pacific 87
8.3.1.4 South America 88
8.3.1.5 Middle East & Africa 89
9 SHUNT REACTOR MARKET, BY REGION 90
9.1 INTRODUCTION 91
9.2 NORTH AMERICA 93
9.2.1 U.S. 94
9.2.2 CANADA 95
9.2.3 REST OF NORTH AMERICA 95
9.3 EUROPE 96
9.3.1 U.K. 98
9.3.2 GERMANY 98
9.3.3 FRANCE 99
9.3.4 REST OF EUROPE 99
9.4 ASIA-PACIFIC 100
9.4.1 CHINA 102
9.4.2 INDIA 103
9.4.3 AUSTRALIA 104
9.4.4 JAPAN 104
9.4.5 REST OF ASIA-PACIFIC 105
9.5 SOUTH AMERICA 106
9.5.1 BRAZIL 107
9.5.2 VENEZUELA 108
9.5.3 REST OF SOUTH AMERICA 108
9.6 MIDDLE EAST & AFRICA 109
9.6.1 SOUTH AFRICA 111
9.6.2 SAUDI ARABIA 111
9.6.3 UAE 112
9.6.4 KUWAIT 112
9.6.5 REST OF MIDDLE EAST & AFRICA 113
10 COMPETITIVE LANDSCAPE 114
10.1 OVERVIEW 115
10.2 MARKET SHARE ANALYSIS 117
10.3 COMPETITIVE SITUATION & TRENDS 119
10.4 CONTRACTS & AGREEMENTS 120
10.5 EXPANSIONS 121
10.6 MERGERS & ACQUISITIONS 122
10.7 JOINT VENTURES 122
11 COMPANY PROFILES 123
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 INTRODUCTION 123
11.2 ABB LTD. 124
11.3 SIEMENS AG 127
11.4 CROMPTON GREAVES LIMITED 130
11.5 ALSTOM 133
11.6 ZAPOROZHTRANSFORMATOR 136
11.7 TEBIAN ELECTRIC APPARATUS STOCK COMPANY LTD. 139
11.8 HYUNDAI HEAVY INDUSTRIES 141
11.9 FUJI ELECTRIC 143
11.10 TOSHIBA 145
11.11 MITSUBISHI ELECTRIC CORPORATION 147
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
12 APPENDIX 149
12.1 INSIGHTS OF INDUSTRY EXPERTS 149
12.2 OTHER DEVELOPMEMENTS, 2011-2014 150
12.3 DISCUSSION GUIDE 151
12.4 AVAILABLE CUSTOMIZATIONS 153
12.5 RELATED REPORTS 153
12.6 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 153
“
“LIST OF TABLES
TABLE 1 INVESTMENT REQUIREMENT IN TRANSMISSION & DISTRIBUTION, BY REGION,
2011-2016 ($MILLION) 47
TABLE 2 ELECTRICITY CONSUMPTION, BY REGION, 2009-2013 (UNITS TWH) 49
TABLE 3 ELECTRICITY PRODUCTION, BY REGION, 2009-2013 (UNITS TWH) 49
TABLE 4 AUGMENTATION & MODERNIZATION ARE THE DRIVING FORCES OF THE MARKET 51
TABLE 5 DEVELOPMENT OF ALTERNATE TECHNOLOGIES IS THE MAJOR RESTRAIN FOR THE GLOBAL MARKET 52
TABLE 6 CONTINUOUS INCREASE IN POWER GENERATION CAPACITY OFFERS HIGH GROWTH OPPURTUNITIES FOR MANUFACTURERS 53
TABLE 7 LOW QUALITY & CHEAP PRODUCTS IS THE MAJOR CHALLENGE FOR THE INDUSTRY 53
TABLE 8 SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 62
TABLE 9 OIL-IMMERSED SHUNT REACTOR MARKET SIZE, BY REGION,
2012–2019 ($MILLION) 63
TABLE 10 NORTH AMERICA: OIL-IMMERSED SHUNT REACTOR MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 64
TABLE 11 EUROPE: OIL-IMMERSED SHUNT REACTOR MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 65
TABLE 12 ASIA-PACIFIC: OIL-IMMERSED SHUNT REACTOR MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 66
TABLE 13 SOUTH AMERICA: OIL-IMMERSED SHUNT REACTOR MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 67
TABLE 14 MIDDLE EAST & AFRICA: OIL-IMMERSED SHUNT REACTOR MARKET SIZE,
BY COUNTRY, 2012–2019 ($MILLION) 68
TABLE 15 AIR-CORE DRY SHUNT REACTOR MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 70
TABLE 16 NORTH AMERICA: AIR-CORE DRY SHUNT REACTOR MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 71
TABLE 17 EUROPE: AIR-CORE DRY SHUNT REACTOR MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 72
TABLE 18 ASIA-PACIFIC: AIR-CORE DRY SHUNT REACTOR MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 73
TABLE 19 SOUTH AMERICA: AIR-CORE DRY SHUNT REACTOR MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 74
TABLE 20 MIDDLE EAST & AFRICA: AIR-CORE DRY SHUNT REACTOR MARKET SIZE,
BY COUNTRY, 2012–2019 ($MILLION) 75
TABLE 21 SHUNT REACTOR MARKET SIZE, BY END-USER, 2012–2019 ($MILLION) 77
TABLE 22 ELECTRICAL UTILITIES MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 80
TABLE 23 NORTH AMERICA: ELECTRICAL UTILITIES MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 81
TABLE 24 EUROPE: ELECTRICAL UTILITIES MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 81
TABLE 25 ASIA-PACIFIC: ELECTRICAL UTILITIES MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 82
TABLE 26 SOUTH AMERICA: ELECTRICAL UTILITIES MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 82
TABLE 27 MIDDLE EAST & AFRICA: ELECTRICAL UTILITIES MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 83
TABLE 28 INDUSTRIAL VERTICALS MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 84
TABLE 29 NORTH AMERICA: INDUSTRIAL VERTICALS MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 85
TABLE 30 EUROPE: INDUSTRIAL VERTICALS MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 86
TABLE 31 ASIA-PACIFIC: INDUSTRIAL VERTICALS MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 87
TABLE 32 SOUTH AMERICA: INDUSTRIAL VERTICALS MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 88
TABLE 33 MIDDLE EAST & AFRICA: INDUSTRIAL VERTICALS MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 89
TABLE 34 SHUNT REACTOR MARKET SIZE, BY REGION, 2012–2019 ($MILLION) 92
TABLE 35 NORTH AMERICA: SHUNT REACTOR MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 93
TABLE 36 NORTH AMERICA: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 93
TABLE 37 NORTH AMERICA: SHUNT REACTOR MARKET SIZE, BY END-USER,
2012–2019 ($MILLION) 94
TABLE 38 U.S.: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 94
TABLE 39 CANADA: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 95
TABLE 40 REST OF NORTH AMERICA: SHUNT REACTOR MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 95
TABLE 41 EUROPE: SHUNT REACTOR MARKET SIZE, BY COUNTRY, 2012–2019 ($MILLION) 96
TABLE 42 EUROPE: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 97
TABLE 43 EUROPE: SHUNT REACTOR MARKET SIZE, BY END-USER, 2012–2019 ($MILLION) 97
TABLE 44 U.K.: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 98
TABLE 45 GERMANY: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 98
TABLE 46 FRANCE: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 99
TABLE 47 REST OF EUROPE: SHUNT REACTOR MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 99
TABLE 48 ASIA-PACIFIC: SHUNT REACTOR MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 100
TABLE 49 ASIA-PACIFIC: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 100
TABLE 50 ASIA-PACIFIC: SHUNT REACTOR MARKET SIZE, BY END-USER,
2012–2019 ($MILLION) 101
TABLE 51 CHINA: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 103
TABLE 52 INDIA: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 103
TABLE 53 AUSTRALIA: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 104
TABLE 54 JAPAN: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 104
TABLE 55 REST OF ASIA-PACIFIC: SHUNT REACTOR MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 105
TABLE 56 SOUTH AMERICA: SHUNT REACTOR MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 106
TABLE 57 SOUTH AMERICA: SHUNT REACTOR MARKET SIZE BY TYPE, 2012–2019 ($MILLION) 106
TABLE 58 SOUTH AMERICA: SHUNT REACTOR MARKET SIZE, BY END-USER,
2012–2019 ($MILLION) 107
TABLE 59 BRAZIL: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 107
TABLE 60 VENEZUELA: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 108
TABLE 61 REST OF SOUTH AMERICA: SHUNT REACTOR MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 108
TABLE 62 MIDDLE EAST & AFRICA : SHUNT REACTOR MARKET SIZE, BY COUNTRY,
2012–2019 ($MILLION) 109
TABLE 63 MIDDLE EAST & AFRICA: SHUNT REACTOR MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 110
TABLE 64 MIDDLE EAST & AFRICA: SHUNT REACTOR MARKET SIZE, BY END-USER,
2012–2019 ($MILLION) 110
TABLE 65 SOUTH AFRICA : SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 111
TABLE 66 SAUDI ARABIA: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 111
TABLE 67 UAE : SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 112
TABLE 68 KUWAIT: SHUNT REACTOR MARKET SIZE, BY TYPE, 2012–2019 ($MILLION) 112
TABLE 69 REST OF MIDDLE EAST & AFRICA: SHUNT REACTOR MARKET SIZE, BY TYPE,
2012–2019 ($MILLION) 113
TABLE 70 CONTRACTS & AGREEMENTS, 2014-2015 120
TABLE 71 EXPANSIONS, 2013-2014 121
TABLE 72 MERGERS & ACQUISITIONS, 2012-2014 122
TABLE 73 JOINT VENTURES, 2012-2014 122
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“LIST OF FIGURES
FIGURE 1 SHUNT REACTOR MARKET SEGMENTATION 15
FIGURE 2 SHUNT REACTOR MARKET: RESEARCH DESIGN 17
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 22
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 23
FIGURE 5 MARKET BREAKDOWN & DATA TRIANGULATION 24
FIGURE 6 ASIA-PACIFIC REGION DOMINATED THE SHUNT REACTORS MARKET IN 2014 28
FIGURE 7 ASIA-PACIFIC IS EXPECTED TO BE THE FASTEST GROWING MARKET FOR SHUNT REACTORS DURING THE FORECAST PERIOD 29
FIGURE 8 NORTH AMERICA & ASIA-PACIFIC ARE POTENTIAL MARKETS FOR OIL- IMMERSED SHUNT REACTORS DURING THE FORECAST PERIOD 30
FIGURE 9 OIL-IMMERSED SHUNT REACTORS ARE EXPECTED TO HOLD MORE THAN HALF OF THE TOTAL SHUNT RACTOR MARKET DURING THE FORECAST PERIOD 31
FIGURE 10 ELECTRICAL UTILITIES ARE LIKELY TO DOIMINATE THE SHUNT REACTOR MARKET FROM 2014 TO 2019 32
FIGURE 11 SHUNT REACTOR MARKET: OVERVIEW 33
FIGURE 12 ASIA-PACIFIC IS EXPECTED TO BE THE FASTEST GROWING REGION TO DEMAND SHUNT REACTORS DURING THE FORECAST PERIOD 34
FIGURE 13 CHINA DOMINATED WITH A MARKET SHARE OF ALMOST 20% OF THE TOTAL SHUNT REACTOR MARKET IN 2014 35
FIGURE 14 OIL-IMMERSED SHUNT REACTOR IS EXPECTED TO GROW AT A CAGR OF
7.9% DURING THE FORECAST PERIOD 36
FIGURE 15 THE U.S. & CHINA TOGETHER HELD ABOUT 40% OF THE TOTAL SHUNT REACTOR MARKET IN 2014 37
FIGURE 16 POTENTIAL MARKETS FOR SHUNT REACTORS IN 2019 38
FIGURE 17 NORTH AMERICA IS EXPECTED TO BE THE MATURE MARKET FOR SHUNT REACTORS IN THE FUTURE 39
FIGURE 18 INVESTMENT REQUIREMENTS IN ELECTRICITY GENERATION CAPACITY ADDITIONS: 2010-2020 ($BILLION) 41
FIGURE 19 ADVANTAGES OF SHUNT REACTORS 43
FIGURE 20 SHUNT REACTOR MARKET SEGMENTATION: BY TYPE 43
FIGURE 21 SHUNT REACTOR MARKET SEGMENTATION: BY APPLICATION 44
FIGURE 22 SHUNT REACTOR MARKET SEGMENTATION: BY REGION 45
FIGURE 23 AUGMENTATION & MODERNIZATION OF TRANSMISSION & DISTRIBUTION NETWORK WOULD PROPEL THE MARKET 46
FIGURE 24 CHANGE IN INVESTMENT REQUIREMENTS IN T&D SECTOR: 2011-2016 ($MILLION) 48
FIGURE 25 GLOBAL RENEWABLE ELECTRICITY GENERATION, (TERAWATT-HOURS) 50
FIGURE 26 VALUE CHAIN: MAJOR VALUE ADDITION OCCURS DURING MANUFACTURING
& ASSEMBLING PHASE 54
FIGURE 27 SUPPLY CHAIN 55
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS: SHUNT REACTOR MARKET 57
FIGURE 29 OIL-IMMERSED SHUNT REACTORS ARE EXPECTED TO DOMINATE THE MARKET WITH THE HIGHEST GROWTH RATE & MAXIMUM SHARE 61
FIGURE 30 OIL-IMMERSED SHUNT REACTOR MARKET IN ASIA-PACIFIC IS EXPECTED TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 62
FIGURE 31 AIR-CORE DRY SHUNT REACTOR MARKET IN EUROPE IS EXPECTED TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD 69
FIGURE 32 INDUSTRIAL VERTICALS ARE EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 78
FIGURE 33 INDUSTRIAL VERTICALS TO DOMINATE THE SHUNT REACTOR MARKET DURING THE FORECASTE PERIOD 79
FIGURE 34 CHINA IS EXPECTED TO DOMINATE THE SHUNT REACTOR MARKET DURING THE FORCAST PERIOD 91
FIGURE 35 CHINA EXPECTED TO BE AN EMERGING MARKET FOR SHUNT REACTORS DURING THE FORECAST PERIOD 92
FIGURE 36 MARKET SIZE ESTIMATION OF END-USER, BY COUNTRY, 2014–2019 ($MILLION) 101
FIGURE 37 CHINA IS EXPECTED TO LEAD THE SHUNT REACTOR MARKET IN ASIA-PACIFIC
(2014-2019) 102
FIGURE 38 COMPANIES ADOPTED MARKETING & WINNING CONTRACTS AS THE KEY GROWTH STRATEGY SINCE 2013 115
FIGURE 39 BATTLE FOR MARKET SHARE: CONTRACTS & AGREEMENTS WAS THE KEY STRATEGY 116
FIGURE 40 SHUNT REACTOR: MARKET SHARE OF GROWTH STRATEGY, BY DEVELOPMENT, 2013 – 2015 117
FIGURE 41 SHUNT REACTOR: MARKET SHARE ANALYSIS OF TOP COMPANIES,
BY DEVELOPMENT, 2011-2014 118
FIGURE 42 MARKET EVALUATION FRAMEWORK 119
FIGURE 43 GEOGRAPHIC REVENUE MIX OF TOP 4 MARKET PLAYERS 123
FIGURE 44 ABB LTD.: COMPANY SNAPSHOT 124
FIGURE 45 ABB LTD.: SWOT ANALYSIS 126
FIGURE 46 SIEMENS: COMPANY SNAPSHOT 127
FIGURE 47 SIEMENS AG: SWOT ANALYSIS 128
FIGURE 48 CROMPTON GREAVES LIMITED: COMPANY SNAPSHOT 130
FIGURE 49 CROMPTON GREAVES LIMITED: SWOT ANALYSIS 132
FIGURE 50 ALSTOM: COMPANY SNAPSHOT 133
FIGURE 51 ALSTOM: SWOT ANALYSIS 135
FIGURE 52 ZAPOROZHTRANSFORMATOR: COMPANY SNAPSHOT 136
FIGURE 53 ZAPOROZHTRANSFORMATOR: SWOT ANALYSIS 138
FIGURE 54 TBEA: COMPANY SNAPSHOT 139
FIGURE 55 HYUNDAI HEAVY INDUSTRIES: COMPANY SNAPSHOT 141
FIGURE 56 FUJI ELECTRIC: COMPANY SNAPSHOT 143
FIGURE 57 TOSHIBA: COMPANY SNAPSHOT 145
FIGURE 58 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 147
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