Global Shunt Reactor Market to Reach US$ 3.2 Billion by 2027, Stimulated by Escalating Demand for Electricity

May 05, 2020

As per the latest report by IMARC Group, titled “Shunt Reactor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,the global shunt reactor market reached a value of US$ 2.6 Billion in 2021. A shunt reactor is an electronic device that absorbs excess reactive power that is generated by overhead lines under low-load conditions. This assists in stabilizing the voltage and increasing the overall efficiency of the power supply system. A shunt reactor can be directly connected to the power line or a tertiary winding of a three-winding transformer. It is often switched in and out on an everyday basis, keeping into consideration the load situation in the system. As it requires low maintenance and operating costs, it is widely utilized in different sectors.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Shunt Reactor Market Trends:

The market is currently experiencing stable growth on account of the continually escalating demand for energy across the globe. This can be accredited to rapid urbanization, the growing global population and boosting sales of consumer electronics. Besides this, the increasing need for efficient power systems to ensure an uninterrupted supply of power is strengthening the shunt reactor market growth. Moreover, as the utilization of shunt reactors is associated with reduced carbon footprint and voltage jumps, their demand is rising worldwide. Furthermore, governing agencies in numerous countries are financing the upgradation, as well as setting up of new transmission and distribution networks. They are also investing in smart grid technologies, which is further contributing to the growth of the market. Apart from this, leading players operating in the industry are increasing their investments in research and development (R&D) activities to develop high voltage transmission systems, which is anticipated to fuel the market growth in the upcoming years. Looking forward, the market value is projected to reach US$ 3.2 Billion by 2027, expanding at a CAGR of 3.7% during the forecast period (2022-2027).

Market Summary:

  • Based on the type, the market has been bifurcated into oil-immersed and air-core.
  • On the basis of the end-user, the market has been segmented into electric utilities and industrial verticals.
  • The market has been analyzed on the basis of the application into variable and fixed reactors.
  • Region-wise, the market has been classified into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being ABB Ltd., General Electric (GE) Company, Siemens AG, Nissin Electric Co. Ltd., PrJSC Zaporozhtransformator, CG Power and Industrial Solutions Limited, Alstom SA, Hyundai Heavy Industries Co., Ltd., Mitsubishi Electric Corporation, Hitachi, Ltd., Toshiba Corporation, Hilkar Electric Limited, Fuji Electric Co., Ltd., TBEA Co., Ltd. and Trench Group.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

30 N Gould St Ste R
Sheridan, WY 82801 USA
Tel No:(D) +91 120 433 0800 |
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Shunt Reactor Market to Reach US$ 3.2 Billion by 2027, Stimulated by Escalating Demand for Electricity
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More