Oil Immersed Shunt Reactor Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMEP281 | Last Updated On: Jul 19 2022 | Available Formats

> Global Oil Immersed Shunt Reactor Market Expected to reach a high CAGR By 2029: DataM Intelligence

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

 

Market Overview

The Global Oil Immersed Shunt Reactor Market is expected to grow at a CAGR during the forecasting period (2022-2029).

About  Oil Immersed Shunt Reactors

  • 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 cables systems.

  • It has a smaller footprint than Air Core Shunt Reactor Stacks. The global Oil Immersed Shunt reactor market is driving by increasing power generation, growing smart grid technologies and rising need for maintaining high voltage power transmission lines.

  • Oil immersed shunt reactors manufactured by ABB are mainly based on a technical concept known as gapped core concept that is primarily designed to minimize sound, losses, and vibration.

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 reactor is growing.

Market Segmentation

  • The global Oil Immersed Shunt Reactor Market is segmented based By Type into Single Phase Oil-immersed and Three Phase Oil-immersed shunt reactor. Based on Rating, the market is segmented into Fixed Shunt Reactor and Variable Shunt Reactor.

  • Further, based on Application, the market is segmented into Industrial and Residential.

  • 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.

  • Three Phase Oil Immersed Shunt reactors is growing because of increasing need for high-voltage transmission lines and cables.

The scope of this report

  • 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.

  • The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.

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