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Asia Pacific is currently the largest market for shunt reactors, followed by North America and Europe. China accounted for a majority share in the Asia Pacific region and is projected to grow at the highest CAGR from 2018 to 2023. In developing countries such as China and India, factors such as strong growth in the demand for electricity fueled by high levels of urbanization, industrialization, infrastructural developments, and subsequent investments in developing T&D networks, would spur the demand for shunt...
Shirish Gupta
The Market Reports
https://www.themarketreports.com/report/global-shunt-reactor-market-insights-forecast-to-2025
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This press release is issued by The Market Reports