MARKET INTRODUCTION
Serially connected reactors for insertion across Dc systems are called smoothing reactors. The reactors help to reduce the repulsion in DC systems by decreasing harmonic current and transient over currents. Smoothing reactors re necessary for smoothing wave shape of direct current thereby increasing system performance and reducing losses.
MARKET DYNAMICS
The rising demand for HVDC systems across industries for back to back interconnections and bulk power supply across the industrial sector is propelling the demand for smoothing reactor globally. Additionally, the rising production of locomotives are further augmenting the demand for smoothing reactors from the locomotive manufacturers thereby contributing to the growth of the global smoothing reactor market.
MARKET SCOPE
The "Global Smoothing Reactor Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The smoothing reactor market report aims to provide an overview of the smoothing reactor market with detailed market segmentation by type, application, and geography. The global smoothing reactor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smoothing reactor market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global smoothing reactor market is segmented based on type, application. Based on type, the smoothing reactor market is segmented into self-cooled, air cooled, water cooled. Based on application, the smoothing reactor market is segmented into traction systems, variable speed drives, UPS systems, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smoothing reactor market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smoothing reactor market by each region is later sub-segmented by respective countries and segments. The smoothing reactor market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the smoothing reactor market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the smoothing reactor market in these regions.
IMPACT OF COVID-19 ON SMOOTING REACTOR MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global smoothing reactor market. The supply chain disruptions influenced the decline in demand for smooth reactors across industries. The decline in production of traction systems further reduced the demand for the reactors. Additionally, the stringent lockdown imposed by various government bodies across impacted the manufacturers of smoothing reactor thereby impacting the growth of the global smoothing reactor market.
MARKET PLAYERS
The reports cover key developments in the smoothing reactor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from smoothing reactor market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the smoothing reactor market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smoothing reactor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Hilkar
-Magnetic Specialties, Inc
-Quality Power
-KPM, LLC.
-Hans von Mangoldt GmbH
-Shandong Hada Electric Co., Ltd.
-GE Group
-Coil Innovation
-TMC Transformers
-Siemens Energy (Trench Group).
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.