APAC Shunt Reactors Industry Overview
The Asia-Pacific Shunt Reactors Market is moderately competitive and consists of a few major players. In terms of market share, few of these major players presently dominate the market. These major players with a notable share in the market are concentrating on increasing their customer base across different countries. These firms are leveraging on strategic collaborative drives to enhance their market share hence, profitability. Nevertheless, with technological progress and product innovations, micro to medium companies are strengthening their market ubiquity by ensuring new settlements and by tapping new businesses and markets.
- February 2020 - Siemens bought a large stake in the Gamesa wind turbine unit. The company will be part of the new energy spinoff. Siemens acquired a major stake in the company for EUR 1.1 billion.
- November 2019 - PT CG Power Systems Indonesia (CG Indonesia), a step-down subsidiary of CG Power and Industrial Solutions Limited, has bagged an order from Indonesian state utility PT PLN (Persero) for manufacture and supply of 25 units' Power Transformers valued at IDR 334 billion (USD 24 million).
APAC Shunt Reactors Market Leaders
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Siemens AG
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CG Power and Industrial Solutions Limited
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Mitsubishi Electric Corporation
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Fuji Electric Co.
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TBEA Co. Ltd
- *Disclaimer: Major Players sorted in no particular order
