The growth of global shunt reactor market is linearly associated with energy demand worldwide, states a new study by Future Market Insights (FMI). Consumption of primary energy stood globally at 576 exajoules in 2019, with China, the US, and India leading the way. Alerted by increasing carbon footprint, the industrial sector is rapidly investing in renewables, which made up for around 40% of worldwide growth in primary energy in 2019, finds the study. The FMI report further opines that market players must innovate shunt reactors to meet the needs for power quality and voltage stability with grid integration of renewable energy sources. Although residential demand has scaled by up till 40% as customers are working from home, the upsurge is nowhere close to reversing the impacts of shutting down businesses, particularly in service sector. Request For Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-609 Shunt Reactor Market Size Study • Air-core dry type shunt reactors to witness greater traction through 2030 • Adoption of variable shunt reactors (VSR) to accelerate in near future • High demand for shunt reactors to come from industrial sector over following decade • Single phase shunt reactors to gain momentum • Market players to turn to Asia Pacific excluding Japan (APEJ) for potential growth avenues