Shunt Reactor Market Report by Type (Oil-Immersed, Air-Core), End-User (Electric Utilities, Industrial Verticals), Application (Variable Reactor, Fixed Reactor), and Region 2024-2032

Shunt Reactor Market Report by Type (Oil-Immersed, Air-Core), End-User (Electric Utilities, Industrial Verticals), Application (Variable Reactor, Fixed Reactor), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A1553
Buy Now

Market Overview:

The global shunt reactor market size reached US$ 2.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.8 Billion
Market Forecast in 2032
US$ 3.7 Billion
Market Growth Rate (2024-2032) 3.1%


Shunt reactor is an equipment that is used to absorb reactive power in a power supply system. It is a compact device that compensates power in long high-voltage transmission lines and cable systems by transmitting energy directly to the power line. Its key function is to consume excess reactive energy generated by overhead lines under low load conditions and stabilize the system voltage. Shunt reactors are also employed to improve the stability and efficiency of energy transmission through variable rating in cases of slow load variation. They can be connected to the tertiary winding of three winding transformers or directly to the power line. They find extensive application across various industries due to their low maintenance requirement and operational costs and minimal fire hazard probabilities. 

The growing energy demand is one of the key factors driving the market growth. There is an increasing need for efficient power systems to ensure uninterrupted supply of power. The demand for shunt reactor is also driven by the need for reduced losses in power transmissions, modern transmission and distribution (T&D) networks and their extensive utilization in different renewable energy systems. Additionally, growing investments in smart grid technologies are further contributing to the growth of the market. The application of shunt reactor is also associated with reduced carbon footprint and voltage jumps, thus contributing to their demand. Factors such as favorable government policies promoting the development of high voltage transmission systems and increasing focus on research and development (R&D) activities are further catalyzing the growth of the market. 

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global shunt reactor market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on type, end-user, and application.

Breakup by Type:

 

 
 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Oil-Immersed
  • Air-Core
     

Breakup by End-User:

  • Electric Utilities
  • Industrial Verticals
     

Breakup by Application:

  • Variable Reactor
  • Fixed Reactor
     

Breakup by Region:

 

 
 

To get more information on the regional analysis of this market, Request Sample

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, End-User, Application, Region
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global shunt reactor market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global shunt reactor industry?
  • What are the key regional markets in the global shunt reactor industry?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the end-user?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the global shunt reactor industry?
  • What are the key driving factors and challenges in the global shunt reactor industry?
  • What is the structure of the global shunt reactor industry and who are the key players?
  • What is the degree of competition in the global shunt reactor industry?

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Shunt Reactor Market Report by Type (Oil-Immersed, Air-Core), End-User (Electric Utilities, Industrial Verticals), Application (Variable Reactor, Fixed Reactor), and Region 2024-2032
Purchase options




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
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

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
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

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
KRISHAK BHARTI CO-OP LTD

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
Stax

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