Variable Shunt Reactor Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMEP284 | Last Updated On: Jul 19 2022 | Available Formats

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

Global Variable Shunt Reactor Market is segmented By Phase (Single Phase Variable SR, Three Phase Variable SR), By Application (Industrial, Residential), 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 Variable Shunt Reactor Market is expected to grow at a CAGR during the forecasting period (2022-2029).

  • A Variable Shunt Reactor is an alternative for stabilizing the voltages in high-voltage transmission lines as the regulation speed can be changed in steps. Variable shunt reactors are used to fulfill the fluctuating demand of reactive power compensation, due to the volatile nature of wind power, for the world's largest offshore wind farm.

Market Dynamics

  • Variable Shunt Reactor is used in various applications due to its optimum function with minimum investment and operating costs. Some of the forms of VSRs are:

  •  VARs are used to reduce voltage spikes in the network when switching in and out of the fixed power-rated reactors.

  •  They are used in substations with SVC equipment and rotating phase compensators to increase the dynamic capacity of the network during a network failure.

  •  VARs are also used for wind park generation applications, daily load variations, high voltage AC cables, and flexible replacement of reactors.

Market Segmentation

  • The global Variable Shunt Reactor Market is segmented based By Type into Single Phase and Three Phase shunt reactors. Further, based on Application, the market is segmented into Industrial and Residential.

  • Based on the type of Variable Shunt Reactor, the Three Phase Variable Shunt Reactor has the largest market share of over 65% of the global Variable Shunt reactor market. Three Phase Variable Shunt reactors are growing because of the increasing need for high-voltage transmission lines and cables.

  • The market for Variable Shunt Reactor is overgrowing compared to the 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 reactor is growing. The largest three-phase variable shunt reactor with 120-200Mvar at 420 kV has been installed in Italy.

Scope of the Report

  • The report profiles the following companies, which include 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.

 

Trending Topics

Air-Core Shunt Reactor Market

Fixed Shunt Reactor Market

Shunt Reactor Market

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