分路リアクトル市場：市場規模・シェア・動向・予測、種類別、エンドユーザー別、用途別、地域別（2025～2033年）

世界の分路リアクトル（シャントリアクター）の市場規模は、2024年に28億6,000万米ドルとなりました。今後、IMARC Groupは、同市場が2033年には37億7,000万米ドルに達し、2025年から2033年にかけて2.99％のCAGRを示すと予測しています。アジア太平洋地域が市場を独占し、2024年には40％という大きな市場シェアを占める。電力需要の拡大、送電網の拡張、再生可能プロジェクト、近代的なエネルギーインフラに対する政府の支援が、分路リアクトル市場シェアに貢献している主な要因の一部です。

市場は、いくつかの実用的・経済的要因によって拡大しています。世界の電力需要の増加に伴い、特に都市部や工業地帯では電力会社が送電網の安定化に投資しています。分路リアクトルは電圧の調整と無効電力の管理に役立ち、送電網が複雑化し広範に普及するにつれて不可欠となります。風力や太陽光のような再生可能エネルギーの統合は、不定期で分散型であることが多いため、電圧制御がより重要になっています。政府や電力会社も老朽化したインフラを更新し、スマートグリッド技術を導入しており、需要をさらに押し上げています。送電線の拡張や長距離送電時の電力損失削減の必要性も、分路リアクトルをコスト効率の高いソリューションにしています。大規模な産業活動と高圧送電網がある地域では、エネルギー効率とシステムの信頼性向上の推進が引き続き分路リアクトル市場の成長を支えています。

米国では、系統運用者が電圧の安定化と大規模再生可能エネルギーの統合を目指しているため、高電圧分路リアクトルの需要が増加しています。これらの装置は、送電プロジェクト、特にクリーン・エネルギー容量を拡大する地域において重要となっています。信頼性の高い長距離送電をサポートするその役割は、電力インフラのアップグレードにおける幅広い展開を後押ししています。例えば、2025年2月、GE VernovaはSterlite Grid 32 Limitedに選定され、Khavda Phase-IV Part Cプロジェクト向けに765kV開閉装置、変圧器、分路リアクトルを供給しました。この技術は、電圧安定性と再生可能電力のインド全国送電網への統合をサポートしました。

分路リアクトル市場動向：

電圧制御ソリューションへの需要の高まり

世界的に電力使用量が急増する中、送電網は安定性と効率性を維持するためにますます大きな負担を強いられています。そのため、電圧変動を管理し、電力品質を向上させる機器の必要性が高まっています。分路リアクトルなどの無効電力を調整するデバイスの採用が拡大しています。現在の分路リアクトルの市場動向は、特に再生可能電源を統合したシステムにおいて、長距離送電をサポートし、変動する電力入力を平滑化する役割が高まっていることを強調しています。公益事業者や系統運用者は、大規模なオーバーホールをせずに送電インフラを強化する技術を優先しています。特に可変分路リアクトルは、変化する送電網の需要に柔軟に対応できるため、好まれるツールになりつつあります。より複雑なエネルギー・フローとより高い負荷要件により、これらのシステムは信頼性を維持し、損失を最小限に抑えるための実用的なソリューションを提供します。市場では、最新の電気ネットワークの進化する要件を満たすために、このような機器の応用が広がっています。国際エネルギー機関（IEA）の新しい報告書によると、世界の電力消費量は2025年から2027年にかけて毎年4％ずつ増加し、近年で最も速いペースで3,500 TWhに達すると予想されています。

電力インフラの拡大が送電網支援装置の需要を牽引

各地域で電力設備容量が増加し続ける中、大規模送電網の管理の複雑さも増しており、分路リアクトル市場の見通しを形成しています。特に再生可能エネルギーや分散型電源による発電の拡大により、系統運用者は長距離の安定性、効率、電力品質を確保できる機器への投資を迫られています。分路リアクトルは、無効電力を吸収し、電圧調整を改善し、全体的なグリッド性能をサポートする役割を果たすため、広く受け入れられてきています。高電圧ネットワークにおける線路充電電流を管理するその能力は、新しい変電所や送電通路が追加される際に不可欠となります。特に可変タイプは、変動する負荷状況に適応できるため、ダイナミックな運転プロファイルを持つ最新の送電網に適しています。システムに接続される容量が増えるにつれて、大規模な再設計なしに統合できる、柔軟でスペース効率の高いソリューションへのニーズが高まっています。このような要因が、新設とグリッド・アップグレード・プログラムの両方における分路リアクトルの幅広い採用につながっています。2025年1月現在、総設備容量は466.26GWに達しています。

高電圧無効電力機器の採用増加

各国が再生可能エネルギー容量を拡大するにつれ、高度な系統安定化装置の必要性が高まっています。可変分路リアクトルは、特に風力発電と太陽光発電が統合された高圧システムの無効電力管理に不可欠なものとなっています。これらのリアクターは電圧の安定性を維持し、送電損失を低減してシステム全体のパフォーマンスを向上させるのに役立ちます。リアクターの利用が拡大しているのは、信頼性や効率を損なうことなくクリーンエネルギーの目標をサポートできる柔軟なグリッド・ソリューションへのシフトを反映しています。分路リアクトルの市場予測によると、再生可能エネルギーのインフラが整いつつある地域でも採用が加速しており、そこでは送電網の近代化が国のエネルギー戦略の重要な部分を占めています。例えば、2024年10月、日立エネルギーは、ウズベキスタンのDzhankeldy風力発電所向けに500kV可変分路リアクトルを納入し、同国が自然エネルギーを拡大する際の送電網の安定性をサポートしました。このリアクターは中国製で、ウズベキスタンでは初めてのものです。ACWA Power社が開発した500MWの陸上風力発電施設をサポートするもので、年間165万MWhの発電と750トンの二酸化炭素排出量削減が期待され、ウズベキスタンの2030年のクリーンエネルギー目標達成に貢献します。

目次

第1章 序文

第2章 分析範囲・手法

• 分析目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 分析手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要な業界動向

第5章 世界の分路リアクトル市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場区分：種類別
• 市場区分：エンドユーザー別
• 市場区分：用途別
• 市場区分：地域別
• 市場予測

第6章 市場区分：種類別

• 油漬式
• 空芯式

第7章 市場区分：エンドユーザー別

• 電力企業
• 産業分野

第8章 市場区分：用途別

• 可変リアクトル
• 固定リアクトル

第9章 市場区分：地域別

• 北米
• アジア太平洋地域
• 欧州
• 中東・アフリカ
• ラテンアメリカ

第10章 SWOT分析

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

第13章 価格分析

第14章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • ABB Ltd.
  • General Electric（GE）Company
  • Siemens AG
  • Nissin Electric Co. Ltd.
  • PrJSC Zaporozhtransformator
  • CG Power and Industrial Solutions Limited
  • Alstom SA
  • Hyundai Heavy Industries Co., Ltd.
  • Mitsubishi Electric Corporation
  • Hitachi, Ltd.
  • Toshiba Corporation
  • Hilkar Electric Limited
  • Fuji Electric Co., Ltd.
  • TBEA Co., Ltd.
  • Trench Group

List of Figures

• Figure 1: Global: Shunt Reactor Market: Major Drivers and Challenges
• Figure 2: Global: Shunt Reactor Market: Sales Value (in Billion USD), 2019-2024
• Figure 3: Global: Shunt Reactor Market: Breakup by Type (in %), 2024
• Figure 4: Global: Shunt Reactor Market: Breakup by End-User (in %), 2024
• Figure 5: Global: Shunt Reactor Market: Breakup by Application (in %), 2024
• Figure 6: Global: Shunt Reactor Market: Breakup by Region (in %), 2024
• Figure 7: Global: Shunt Reactor Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 8: Global: Shunt Reactor Industry: SWOT Analysis
• Figure 9: Global: Shunt Reactor Industry: Value Chain Analysis
• Figure 10: Global: Shunt Reactor Industry: Porter's Five Forces Analysis
• Figure 11: Global: Shunt Reactor (Oil-Immersed) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 12: Global: Shunt Reactor (Oil-Immersed) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 13: Global: Shunt Reactor (Air-Core) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 14: Global: Shunt Reactor (Air-Core) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 15: Global: Shunt Reactor (Electric Utilities) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 16: Global: Shunt Reactor (Electric Utilities) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 17: Global: Shunt Reactor (Industrial Verticals) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 18: Global: Shunt Reactor (Industrial Verticals) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 19: Global: Shunt Reactor (Variable Reactor) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 20: Global: Shunt Reactor (Variable Reactor) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 21: Global: Shunt Reactor (Fixed Reactor) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 22: Global: Shunt Reactor (Fixed Reactor) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 23: North America: Shunt Reactor Market: Sales Value (in Million USD), 2019 & 2024
• Figure 24: North America: Shunt Reactor Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 25: Asia Pacific: Shunt Reactor Market: Sales Value (in Million USD), 2019 & 2024
• Figure 26: Asia Pacific: Shunt Reactor Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 27: Europe: Shunt Reactor Market: Sales Value (in Million USD), 2019 & 2024
• Figure 28: Europe: Shunt Reactor Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 29: Middle East and Africa: Shunt Reactor Market: Sales Value (in Million USD), 2019 & 2024
• Figure 30: Middle East and Africa: Shunt Reactor Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 31: Latin America: Shunt Reactor Market: Sales Value (in Million USD), 2019 & 2024
• Figure 32: Latin America: Shunt Reactor Market Forecast: Sales Value (in Million USD), 2025-2033

List of Tables

• Table 1: Global: Shunt Reactor Market: Key Industry Highlights, 2024 and 2033
• Table 2: Global: Shunt Reactor Market Forecast: Breakup by Type (in Million USD), 2025-2033
• Table 3: Global: Shunt Reactor Market Forecast: Breakup by End-User (in Million USD), 2025-2033
• Table 4: Global: Shunt Reactor Market Forecast: Breakup by Application (in Million USD), 2025-2033
• Table 5: Global: Shunt Reactor Market Forecast: Breakup by Region (in Million USD), 2025-2033
• Table 6: Global: Shunt Reactor Market: Competitive Structure
• Table 7: Global: Shunt Reactor Market: Key Players

The global shunt reactor market size was valued at USD 2.86 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 3.77 Billion by 2033, exhibiting a CAGR of 2.99% during 2025-2033. Asia Pacific dominated the market, holding a significant market share of 40% in 2024. Growing electricity demand, grid expansion, renewable projects, and government support for modern energy infrastructure are some of the key factors contributing to the shunt reactor market share.

The market is expanding due to several practical and economic factors. With global electricity demand increasing, especially in urban and industrial zones, utilities are investing in grid stability. Shunt reactors help regulate voltage and manage reactive power, which is essential as transmission networks become more complex and widespread. The integration of renewable energy sources like wind and solar, often irregular and decentralized, has made voltage control more critical. Governments and utilities are also upgrading aging infrastructure and deploying smart grid technologies, further boosting demand. Transmission line expansions and the need to reduce power losses during long-distance delivery also make shunt reactors a cost-effective solution. In regions with large-scale industrial activity and high-voltage grids, the push for better energy efficiency and system reliability continues to support shunt reactor market growth.

In the United States, demand for high-voltage shunt reactors is increasing as grid operators seek to stabilize voltage and integrate large-scale renewable energy. These devices are becoming critical in transmission projects, especially in regions expanding clean energy capacity. Their role in supporting reliable, long-distance power flow is driving wider deployment across power infrastructure upgrades. For instance, in February 2025, GE Vernova was selected by Sterlite Grid 32 Limited to supply 765 kV switchgear, transformers, and shunt reactors for the Khavda Phase-IV Part C project. The technology supported voltage stability and renewable power integration into India's national grid.

Shunt Reactor Market Trends:

Growing Demand for Voltage Control Solutions

As electricity use rises rapidly worldwide, power grids are under increasing strain to remain stable and efficient. This has intensified the need for equipment that can manage voltage fluctuations and improve power quality. Devices that regulate reactive power, such as shunt reactors, are seeing broader adoption. Current shunt reactor market trends highlight their growing role in supporting long-distance transmission and smoothing out variable power inputs, especially in systems integrating renewable sources. Utilities and grid operators are prioritizing technologies that strengthen transmission infrastructure without major overhauls. Variable shunt reactors, in particular, are becoming preferred tools for their flexibility in adapting to shifting grid demands. With more complex energy flows and higher load requirements, these systems offer a practical solution for maintaining reliability and minimizing losses. The market is seeing wider application of such equipment to meet the evolving requirements of modern electric networks. According to a new report by the International Energy Agency, global electricity consumption is expected to grow annually at 4% between 2025 and 2027, reaching 3,500 TWh, the fastest in recent years.

Expanding Power Infrastructure Driving Demand for Grid Support Equipment

As installed power capacity continues to grow across regions, the complexity of managing large-scale transmission networks is also increasing, shaping the shunt reactor market outlook. Expansions in generation, especially from renewable and distributed sources, are pushing grid operators to invest in equipment that can ensure stability, efficiency, and power quality across long distances. Shunt reactors are gaining wider acceptance for their role in absorbing reactive power, improving voltage regulation, and supporting overall grid performance. Their ability to manage line charging currents in high-voltage networks makes them essential as new substations and transmission corridors are added. Variable types, in particular, offer adaptability to fluctuating load conditions, making them well-suited for modern grids with dynamic operating profiles. As more capacity is connected to the system, the need for flexible, space-efficient solutions that can be integrated without major redesigns is growing. These factors are contributing to the broader adoption of shunt reactors in both new installations and grid upgrade programs. As of January 2025, the total installed power capacity stands at 466.26 GW.

Increased Adoption of High-Voltage Reactive Power Equipment

As countries expand renewable capacity, the need for advanced grid-stabilizing equipment is rising. Variable shunt reactors are becoming essential for managing reactive power in high-voltage systems, especially where wind and solar sources are being integrated. These reactors help maintain voltage stability and reduce transmission losses, improving overall system performance. Their growing use reflects a shift toward flexible grid solutions that can support clean energy goals without compromising reliability or efficiency. As per the shunt reactor market forecast, adoption is also accelerating in regions with emerging renewable infrastructure, where grid modernization is a key part of national energy strategies. For example, in October 2024, Hitachi Energy delivered a 500 kV variable shunt reactor for Uzbekistan's Dzhankeldy wind farm, supporting grid stability as the country scales up renewables. The reactor, made in China, is the first of its kind for Uzbekistan. It supports a 500 MW onshore wind facility developed by ACWA Power, expected to generate 1.65 Million MWh annually and cut carbon emissions by 750 tons, helping meet Uzbekistan's 2030 clean energy goals.

Shunt Reactor Industry Segmentation:

Analysis by Type:

• Oil-Immersed
• Air-Core

Oil-immersed stood as the largest type in 2024, holding around 70.2% of the market, driven by its proven reliability in high-voltage applications. These reactors handle reactive power compensation effectively in power transmission networks, especially where long-distance lines cause voltage fluctuations. The oil insulation enhances thermal stability and extends equipment life under continuous operation, making it a preferred choice for utilities and grid operators. They also support higher ratings compared to dry-type alternatives, which suits expanding infrastructure projects and substation upgrades. With rising energy demand and increasing grid complexities, the preference for oil-immersed reactors is also influenced by their ability to operate efficiently in harsh conditions. This has led to a noticeable shift in investments and installations toward oil-immersed units across emerging and developed markets.

Analysis by End-User:

• Electric Utilities
• Industrial Verticals

Electric utilities led the market with around 73.7% of market share in 2024 due to the growing need for grid stability and efficient power transmission. Utilities are expanding and modernizing transmission networks to manage rising electricity demand and integrate renewable sources like wind and solar. Shunt reactors help control voltage levels and reduce losses over long distances, making them essential for utility-scale operations. As more high-voltage transmission lines are added to connect remote generation sites, the demand for reliable voltage regulation solutions has increased. Government investments and grid expansion projects further support this trend. Electric utilities are the primary buyers of shunt reactors, and their ongoing focus on grid resilience and power quality is pushing consistent demand for these components in both existing and new substations.

Analysis by Application:

• Variable Reactor
• Fixed Reactor

Fixed reactor led the market in 2024, owing to its widespread use in stable, continuous reactive power compensation applications. Fixed shunt reactors are commonly installed in substations and transmission lines to manage overvoltage caused by light load conditions, especially on long-distance, high-voltage networks. Their simpler design, lower cost, and ease of integration make them a preferred choice for utilities that require consistent voltage control without the need for variable adjustments. As power grids expand and face more load variability, fixed reactors offer a dependable solution for baseline reactive power management. Their long operational life and minimal maintenance also make them attractive for utilities seeking efficient and low-intervention equipment to support growing energy infrastructure across regions.

Regional Analysis:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

In 2024, Asia Pacific accounted for the largest market share of over 40% due to rapid industrialization, urban growth, and increasing electricity consumption in countries like China, India, and Southeast Asian nations. These regions are heavily investing in expanding and upgrading their power transmission and distribution networks to support economic development and rising energy demand. The integration of large-scale renewable energy projects, particularly wind and solar, creates a greater need for voltage regulation and reactive power management, key functions of shunt reactors. Additionally, government policies promoting electrification in rural areas and infrastructure development, such as smart grids and high-voltage transmission lines, are driving adoption. Local manufacturing capabilities and lower production costs also support regional market growth. Overall, the combination of strong demand, policy backing, and infrastructure investment makes Asia Pacific a key driver in the global shunt reactor market.

Key Regional Takeaways:

United States Shunt Reactor Market Analysis

In 2024, the United States accounted for 87.3% of the market share in North America. The US is experiencing increasing adoption of shunt reactors due to growing energy demand across industrial and residential sectors. For instance, in the United States, the world's second-largest electricity consumer after China, demand rebounded in 2024, growing by 2% to reach a new high. This followed a 1.8% decline in 2023 due to mild weather and weaker manufacturing activity. As electricity consumption rises, utilities are under pressure to enhance grid reliability and minimize losses. Shunt reactors help manage reactive power and maintain voltage stability during peak load periods, supporting an uninterrupted power supply. With growing energy demand, power utilities in the United States are integrating shunt reactors in substations to stabilize high-voltage networks and improve operational efficiency. Investments in energy infrastructure upgrades are also reinforcing the deployment of advanced grid components such as shunt reactors. Moreover, renewable energy integration into the grid adds fluctuations in voltage, which shunt reactors help mitigate. This supports more balanced power distribution and reduces the likelihood of equipment damage, aligning with efforts to meet the rising energy consumption needs.

Asia Pacific Shunt Reactor Market Analysis

Asia Pacific is witnessing growing shunt reactor adoption due to the expansion of modern transmission and distribution (T&D) networks. China plans to modernise and expand its power grids with USD 442 Billion in investments over the period 2021-2025. Rapid urbanization and industrialization are driving the need for reliable electricity, prompting utilities to upgrade T&D infrastructure. Modern T&D networks require voltage regulation solutions to ensure efficient energy delivery, and shunt reactors provide essential reactive power compensation. With expanding high-voltage lines, utilities in Asia Pacific are integrating shunt reactors to reduce voltage fluctuations and improve transmission stability. The development of smart and automated grid frameworks is further boosting demand for advanced shunt reactors. These reactors play a critical role in optimizing electricity transmission efficiency while maintaining grid performance.

Europe Shunt Reactor Market Analysis

Europe is seeing rising shunt reactor adoption driven by efforts to reduce carbon footprint and prevent voltage jumps in power systems. For instance, from 2025, an annual CO2 emission reduction target of 15% compared to 2021 values will be in application for the 2025-2029 period. As the region intensifies its transition to cleaner energy sources, maintaining voltage stability becomes increasingly important. Shunt reactors are essential for controlling voltage levels in grids that incorporate renewable power, which often introduces variability. With a strong focus on energy efficiency and sustainability, utilities in Europe are using shunt reactors to support low-carbon grid operations. Reducing carbon footprint through optimized power delivery aligns with regional environmental goals. Additionally, the risk of voltage jumps during low-load conditions or grid faults necessitates reliable voltage management, which shunt reactors effectively address.

Latin America Shunt Reactor Market Analysis

Latin America is expanding shunt reactor use as investments in smart grid technologies increase across the region. For instance, Brazil's Copel reaches 1 Million smart meters milestone in Parana. These smart grids require components that enhance voltage control, support system automation, and improve load management. Shunt reactors fulfil these needs by providing reactive power compensation and voltage stability. As countries in Latin America modernize power systems to reduce losses and increase efficiency, shunt reactors are being implemented more frequently within smart grid frameworks to ensure robust energy delivery and control.

Middle East and Africa Shunt Reactor Market Analysis

Middle East and Africa are strengthening shunt reactor deployment due to rising investment on power distribution and power grid infrastructure. According to International Energy Association, energy investment in the Middle East is expected to reach approximately USD 175 Billion in 2024, with clean energy accounting for around 15% of the total investment. As electricity demand grows, governments and utilities are focusing on enhancing grid reliability and transmission stability. Shunt reactors are crucial in managing voltage fluctuations and enabling effective reactive power control.

Competitive Landscape:

In the shunt reactor market, manufacturers concentrate on incremental product upgrades, adding advanced monitoring and compact designs rather than unveiling radical models. Utilities still lean on technical partnerships with OEMs and system integrators to tailor reactors for specific voltage classes and installation constraints. Consortium agreements covering engineering, procurement, and maintenance spread risk and shorten lead times, so they stay popular. Venture funding appears only occasionally because the segment is capital-heavy and dominated by established players. Government support shows up mainly through grid-modernization grants and import-duty relief, but these policies vary by country. Academic-industry research projects keep rolling, yet they seldom reach commercial scale quickly. Among all the listed activities, partnership and collaboration remain the most common routine today across global utilities and manufacturing supply chains.

The report provides a comprehensive analysis of the competitive landscape in the shunt reactor market with detailed profiles of all major companies, including:

• ABB Ltd.
• General Electric (GE) Company
• Siemens AG
• Nissin Electric Co. Ltd.
• PrJSC Zaporozhtransformator
• CG Power and Industrial Solutions Limited
• Alstom SA
• Hyundai Heavy Industries Co., Ltd.
• Mitsubishi Electric Corporation
• Hitachi, Ltd.
• Toshiba Corporation
• Hilkar Electric Limited
• Fuji Electric Co., Ltd.
• TBEA Co., Ltd.
• Trench Group

Key Questions Answered in This Report

• 1.How big is the shunt reactor market?
• 2.What is the future outlook of shunt reactor market?
• 3.What are the key factors driving the shunt reactor market?
• 4.Which region accounts for the largest shunt reactor market share?
• 5.Which are the leading companies in the global shunt reactor market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Shunt Reactor Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Type
• 5.5 Market Breakup by End-User
• 5.6 Market Breakup by Application
• 5.7 Market Breakup by Region
• 5.8 Market Forecast

6 Market Breakup by Type

• 6.1 Oil-Immersed
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Air-Core
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by End-User

• 7.1 Electric Utilities
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Industrial Verticals
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Application

• 8.1 Variable Reactor
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Fixed Reactor
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Asia Pacific
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Middle East and Africa
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Latin America
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porter's Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 ABB Ltd.
  • 14.3.2 General Electric (GE) Company
  • 14.3.3 Siemens AG
  • 14.3.4 Nissin Electric Co. Ltd.
  • 14.3.5 PrJSC Zaporozhtransformator
  • 14.3.6 CG Power and Industrial Solutions Limited
  • 14.3.7 Alstom SA
  • 14.3.8 Hyundai Heavy Industries Co., Ltd.
  • 14.3.9 Mitsubishi Electric Corporation
  • 14.3.10 Hitachi, Ltd.
  • 14.3.11 Toshiba Corporation
  • 14.3.12 Hilkar Electric Limited
  • 14.3.13 Fuji Electric Co., Ltd.
  • 14.3.14 TBEA Co., Ltd.
  • 14.3.15 Trench Group