Global Air-Core Shunt Reactor Market is segmented By Type (Single Phase Air-Core SR, Three Phase Air-Core SR), By Rating (Fixed Shunt Reactor, Variable Shunt Reactor), By Application (Industrial, Residential), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Overview
Report on Global Air-Core Shunt Reactor Market is expected to grow at a high CAGR during the forecast period 2024-2031.
Air-Core Shunt Reactors are electrical devices that give a linear response of impedance versus current required for various applications such as industrial facilities, T&D networks, power generation, OEMs, and electrical test laboratories. The dry-type design is maintenance-free and environmentally friendly.
Market Summary
| Metrics | Details |
| Market CAGR | High |
| Segments Covered | By Type, By Rating, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Drivers and Restraints
- The global Air-Core Shunt reactor market is driven by the increasing need for electricity and the rising need for maintaining the high voltage in power transmission lines.
- Air-Core shunt reactors manufactured by ABB are mainly based on a technical concept known as the gapped core concept which is mainly designed to minimize sound, losses, and vibration.
- The market for Variable Shunt Reactor is growing rapidly compared to fixed Shunt reactor as it is more capable of controlling the voltage during high-voltage power transmission lines.
- They are more advanced in stabilizing the fluctuations of voltage over large transmission networks, hence need for variable shunt reactors is growing.
- As the demand for electricity increases in developing countries, there is a rise in power generation which needs to be maintained by various electrical utilities. Hence, to stabilize the voltage level in power transmission lines, the market for shunt reactors is growing. Air-core shunt reactor is easily available and environment-friendly.
- In 2016, approx. 4.08 trillion kilowatt hours of electricity were generated in the United States.
Market Segmentation Analysis
- By Type: Single Phase Air-Core and Three Phase Air-Core shunt reactor.
- Based on Rating: Fixed Shunt Reactor and Variable Shunt Reactor.
- Based on Application, the market is segmented into Industrial and Residential.
Why purchase the report?
- To visualize the composition of the Air-Core Shunt Reactor market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
- To identify commercial opportunities in Air-Core Shunt Reactor by analyzing trends and co-development deals.
- This is the most comprehensive study on Air-Core Shunt Reactors to date.
- Excel data sheet with thousands of data points of the Air-Core Shunt Reactor market level 4/5 segmentation
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
- Product mapping in excel for key Air-Core Shunt Reactor products of all major market players
Target Audience
- Raw Material Suppliers/ Buyers
- Product Suppliers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
