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Air Core Fixed Shunt Reactor Market Trends

Report ID: GMI8257
Published Date: Feb 2024
Report Format: PDF

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Air Core Fixed Shunt Reactor Market Trends

Shifting power transmission and distribution along with integration of renewable energy sources necessitates reactive power compensation devices, thereby enhancing the grid stability. Technological product advancements improves the efficiency, thereby further augmenting the business landscape. Shifting focus of the emerging economies to prioritize grid modernization will strengthen the product penetration.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market value of air core fixed shunt reactor was reached USD 463 million in 2023 and is envisioned to record 6.7% from 2024 to 2032 as renewable energy sources like wind and solar become more prevalent.

The three-phase shunt reactors segment held approximately 61% of the market share in 2023 and will grow significantly through 2032 on account of the superior grid stability and voltage regulation they offer.

Asia Pacific air core fixed shunt reactor market revenue to cross USD 375 million by 2032, while increasing at growth rate of 6.5% through2032, owing to the growing energy demand across the developing nations.

Coil Innovation, GE, GETRA S.p.A., Hilkar, Hitachi Energy Ltd., HYOSUNG HEAVY INDUSTRIES, MindCore Technologies, NISSIN ELECTRIC Co.,Ltd., Phoenix Electric Corp., SGB SMIT, Shrihans Electricals Pvt. Ltd., Siemens Energy, TMC TRANSFORMERS MANUFACTURING COMPANY, and Toshiba Energy Systems & Solutions Corporation.