·
India Reactive Power Compensation Market is
expected to reach INR 20 billion by FY’2020
·
Future Growth of India Reactive Power
Compensation Market is expected to be led by private players and the growth in
demand from the upgradation and replacement reactive compensators segment will
further drive the market
·
The market leader, ABB is expected to
maintain focus on intensive R&D, product innovations and increased
penetration to compete with other players in the industry
Ken
Research announced its latest publication on “India ReactivePower Compensation Outlook to 2020” which provides a comprehensive analysis of organized
and unorganized, the conventional and non-conventional power compensation
reactors in India along with new equipment, upgradation and replacement demand.
The report covers various aspects such as market size of India Reactive Power
Compensation Market, segmentation on the basis of end users, Industries (Power
Sector – TRANSCOS, DISCOMS and GENCOS and other sectors), by types (shunt
capacitors, shunt reactors, static VAR compensators, variable series capacitors
and FACTS devices), energy sources (renewable and non-renewable) and capacity
(high tension and low tension capacitors). The report is useful for reactive
power compensator manufacturers, wholesalers of reactive power compensators, system
integrators, and new players venturing into the market.
The reactive
power compensation market in India has witnessed a growth in recent years on
account of rising industries and government utilities and entry of foreign
players in India. The boost in growth has majorly originated from rise in demand
for upgradation compensators, non-renewable and high tension
capacitors in industrial
reactive power compensation market in India. The reactive power compensation
market in India is dominated by ABB which possesses a large
product portfolio of compensation products catering to the industrial and power
sector demand.
According to the
research report, the India Reactive Power Compensation Market will grow at a
considerable CAGR rate thus reaching INR 20 billion by 2020 due to incline in electricity
consumption and demand, the need for the technology to reduce the losses and
increase the quality of power in India.
“The government utilities and companies accounted for
almost 22% of the revenues generated by the manufacturers while the rest of the
revenue is generated by the private industries and power generation or T&D
companies”, according to the Research Analyst, Ken Research.
Key Topics
Covered in the Report:
Reactive Power Compensators
-
Market Size by Revenue, Demand
-
Value Chain Analysis
-
Market Segmentation by
o
Industries
o
Type
o
End Users
o
Technology
o
Equipments Used
-
Growth Drivers
-
Issues and Challenges
-
Trends and Developments
-
SWOT Analysis
-
Governmental Policies and Regulations
-
Competition and Market Share
-
Future Outlook
-
Macro Economic Parameters
Key Products
Mentioned in the Report
Harmonic
Filter Capacitor Banks
Automatic
Capacitor Banks
AccuSine+
Active Harmonic Filters
ReactiVar
Hybrid VAR Compensator
Power
Capacitors
Reactive
Power Controllers
Companies Covered
in the Report
ABB
India Limited
Alstom
India
Emerson
Electric
Schneider
Electric
General
Electric
Related Reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
