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Air Core Shunt Reactor Market Share

Report ID: GMI7254
Published Date: Nov 2023
Report Format: PDF

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Air Core Shunt Reactor Market Share

Hitachi Energy Ltd. stands out as a significant and influential player. With a history of innovation and a strong global presence, Hitachi Energy Ltd. is renowned for its advanced technologies in the energy sector. Their expertise in designing and manufacturing air core shunt reactors contributes significantly to the efficient and stable operation of power systems, making them a trusted partner for utilities and industries worldwide. Hitachi Energy Ltd. is dedicated to enhancing the reliability and performance of electrical grids, making them a key contributor to the evolution of the air core shunt reactor.

Some of the key market players operating across the air core shunt reactor industry are:

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of air core shunt reactor was surpassed USD 700 million in 2022 and is estimated to expand at over 8.5% CAGR from 2023 to 2032, owing to the rising demand for enhanced power system stability and voltage regulation driven by the increasing electricity consumption.

Three-phase air core shunt reactor market size is estimated to witness over 10.5% CAGR from 2023 to 2032, driven by increasing adoption for grid stability and to enhance the power quality in modern power systems.

Asia Pacific market for air core shunt reactors is set to exhibit over 10% growth rate from 2023 to 2032, attributed to the rising need for electricity in the region due to the rapid urbanization, industrialization, and the growing population.

Some of the key air core shunt reactor providers are GE, Siemens Energy, Toshiba Energy Systems & Solutions Corporation, Hitachi Energy Ltd., TMC TRANSFORMERS MANUFACTURING COMPANY, NISSIN ELECTRIC Co., Ltd., Phoenix Electric Corp., MindCore Technologies, and GETRA S.p.A.