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Air Core Fixed Shunt Reactor Market Size
- Report ID: GMI8257
- Published Date: Feb 2024
- Report Format: PDF
Air Core Fixed Shunt Reactor Market Size
Air Core Fixed Shunt Reactor Market was valued at USD 463.1 million in 2023 and is predicted to grow at a CAGR of over 6.7% between 2024 and 2032. These reactors play a crucial role in enhancing grid stability by compensating reactive power, mitigating voltage fluctuations, and improving power factor correction within electrical networks. The industry is anticipated to witness substantial demand as renewable energy sources like wind and solar become more prevalent.
Air core fixed shunt reactors aid in managing the variability of power generation, ensuring consistent grid operation, complementing its deployment across renewable sources. Growing demand for electricity and the necessity to extend transmission networks to accommodate urbanization and industrialization will boost the industry landscape. They offer high efficiency and reliability in reactive power compensation, making them indispensable for modern power systems aiming for improved efficiency and stable operations.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Air Core Fixed Shunt Reactor Market Size in 2023: | USD 463.1 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6.7% |
| 2032 Value Projection: | USD 837.6 Million |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 240 |
| Tables, Charts & Figures: | 258 |
| Segments covered: | Phase, End Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Air Core Fixed Shunt Reactor Market Scope
