Oil Immersed Shunt Reactor Market
Global Oil Immersed Shunt Reactor Market is segmented By Type (Single Phase Oil Immersed SR, Three Phase Oil Immersed SR), By Application (Industrial, Residential), By Rating (Fixed Shunt Reactor, Fixed Shunt Reactor), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Oil Immersed Shunt Reactor Market Overview
The Global Oil Immersed Shunt Reactor Market is expected to grow at a CAGR during the forecasting period (2022-2029).
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An Oil Immersed Shunt Reactor is mainly used to compensate capacitive generation in long cable runs. It is ideal for maintaining high-voltage transmission lines and cable systems.
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It has a smaller footprint than Air Core Shunt Reactor Stacks. The global Oil Immersed Shunt reactor market is driven by increasing power generation, growing smart grid technologies, and the rising need for maintaining high-voltage power transmission lines.
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Oil-immersed shunt reactors manufactured by ABB are mainly based on a technical concept known as the gapped core concept that is primarily designed to minimize sound, losses, and vibration.
Oil Immersed Shunt Reactor Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By Application, By Rating, and By Region |
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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. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Oil Immersed Shunt Reactor Market Growth
The market for Variable Shunt Reactor is overgrowing 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 Oil Immersed Shunt reactors is growing.
Oil Immersed Shunt Reactor Market Segmentation Analysis
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The global Oil Immersed Shunt Reactor Market is segmented based By Type into Single Phase Oil-immersed and Three Phase Oil-immersed shunt reactors. Based on Rating, the market is segmented into Fixed Shunt Reactors and Variable Shunt Reactors.
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Further, based on Application, the market is segmented into Industrial and Residential.
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Based on the type of Oil Immersed Shunt Reactor, the Three Phase Oil-Immersed Shunt Reactor has the largest market share of over 65% of the global Oil Immersed Shunt reactor market.
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Three Phase Oil Immersed Shunt reactors are growing because of the increasing need for high-voltage transmission lines and cables.
The Scope of this report
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The report profiles the following companies, which includes ABB Ltd, Siemens, Toshiba, Fuji Electric Co., GE Electric, Nissin Electric Co. Ltd, Zaporozhtransformator PJSC, Nissin Electric Co. Ltd, Hyosung Corporation, and Hyundai Heavy Industries.
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The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
Frequently Asked Questions
What is the Oil Immersed Shunt Reactor Market growth?
The market is growing at a high CAGR.
What is the Oil Immersed Shunt Reactor Market size in 2021?
The Market size was valued at USD YY million in 2021.
Who are the key players in the Oil Immersed Shunt Reactor Market?
Major players are BB Ltd, Siemens, Toshiba, Fuji Electric Co., GE Electric, Nissin Electric Co. Ltd, Zaporozhtransformator PJSC, Nissin Electric Co. Ltd, Hyosung Corporation, and Hyundai Heavy Industries.