Oil Immersed Shunt Reactor Market Size, Share, Industry, Forecast and outlook (2023-2030)

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, 2023-2030 

Oil Immersed Shunt Reactor Market Report Overview

The Global Oil Immersed Shunt Reactor Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Oil-immersed shunt reactors are a type of electrical device used to regulate voltage in high voltage power systems. The market is driven by increasing demand for electricity, coupled with the growing adoption of renewable energy sources, especially in developing economies. Key players in the Oil Immersed Shunt Reactor Market include ABB Ltd., Siemens AG, GE Company, and other prominent players operating in the market.

• 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.

• 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.

• 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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Oil Immersed Shunt Reactor Market Dynamics and Trends

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

• 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.

• 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 the increasing need for high-voltage transmission lines and cables.

Oil Immersed Shunt Reactor Companies and Competitive Landscape

• 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.