Shunt Reactor Market

SKU: DMEP283 | Last Updated On: Nov 10 2022 | Available Formats

> Global Shunt Reactor Market Expected to reach a high CAGR of 4.65% By 2029: DataM Intelligence

Global Shunt Reactor Market is segmented By Type (Oil-Immersed and Air-Core), By Application (Industrial, Residential), By Rating (Fixed Shunt Reactor, Variable Shunt Reactor), By Phase (Single Phase, Three Phase), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[150 Pages Report] The global Shunt Reactor Market was valued at USD 2.7 billion in 2018 and is forecasted to grow to over USD 3.9 billion by 2026, with a CAGR of 4.65% during the forecast period (2022-2029).

Shunt Reactor Market - Strategic Insights

Metrics

Details

Market CAGR

4.65%

Segments Covered

By Type, By Application, By Rating, By Phase, 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 Growth Factors

  • A shunt Reactor is a compact, efficient absorber of reactive power which is commonly used for maintaining high-voltage transmission lines and cable systems. The global shunt reactor market is driven by increasing power generation and the rising need for keeping top-voltage power transmission lines.

Market Segmentation Analysis

  • The global Shunt Reactor Market is segmented based On Phases into a Single Phase and Three Phases.

  • By Type, the market is segmented into Oil-immersed and Air-Core. 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 Shunt Reactor, the Oil-immersed shunt reactors have the largest market share of over 60% of the global shunt reactor market

  • Oil Immersed Shunt reactors give more stabilization of the grid and maintain the insulation on high-voltage transmission lines and cables.

Market Dynamics

  •  Due to increasing transmission and distribution systems, especially in developing countries, the need for shunt reactors is rising, hence driving the growth of the market.

  • The market for a Variable Shunt Reactor is multiplying compared to a 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 the need for variable shunt reactors is growing.

  • As conventional power plants are shut down, and TSOs are forced to switch from OHL to HV cables partially, the need for additional reactive power compensation equipment is growing.

  • So, Siemens and Amprion have jointly introduced an innovative large variable shunt reactor (VSR) with an 80% regulation range that is economically efficient.

  • Geographically, the global shunt market is segmented into North America, South America, Europe, Asia Pacific, and RoW. Asia-Pacific is dominating the market due to increasing demand for electricity supply, growing development, and investments in the transmission network.

The scope of the 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.

FAQ

What is the Shunt Reactor Market growth?

The market is growing at a CAGR of 4.65%.

What is the Shunt Reactor Market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in Shunt Reactor Market?

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.

Trending Topics

Fixed Shunt Reactor Market

Variable Shunt Reactor Market

Air-Core Shunt Reactor Market

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