Air Core Single Phase Shunt Reactor Market Size - By Product, By End Use Analysis, Growth Forecast, 2024 – 2032

Air Core Single Phase Shunt Reactor Market Size

The global air core single phase shunt reactor market was valued at USD 571.8 million in 2023 and is estimated to grow at a CAGR of 6.9% from 2024 to 2032, driven by increasing demand for efficient power transmission, integration of renewable energy sources, adoption of smart grids, and the need for voltage stability. Investment in grid infrastructure upgrades, growing electricity consumption, and government modernization initiatives further propel market growth.
 

Environmental considerations and demand for compact, low-maintenance solutions also contribute to market expansion. The U.S. Department of Energy reports that grid modernization efforts have led to the installation of over 103 million smart meters across the country, covering 75% of households, demonstrating the increasing adoption of advanced power management technologies. This trend underscores the market's potential as power systems continue to evolve and require more sophisticated reactive power compensation solutions.
 

Air Core Single Phase Shunt Reactor Market Trends

The air core single-phase shunt reactor industry is driven by several key trends. Smart grid technology and digital substation adoption are enhancing grid stability and efficiency. Renewable energy integration, particularly wind and solar power, is increasing demand for shunt reactors to balance voltage fluctuations. The U.S. Department of Energy reports that in 2021, renewable energy sources accounted for about 20% of utility-scale electricity generation, highlighting the growing need for grid stabilization technologies like shunt reactors.
 

Manufacturers are focusing on compact, lightweight designs suitable for urban environments and renewable energy plants. Technological advancements in materials, such as high-temperature superconductors and improved insulation techniques, are boosting reactor performance and longevity. Sustainable energy solutions and grid modernization efforts in developing regions are further accelerating market growth.
 

Air Core Single Phase Shunt Reactor Market Analysis

The fixed shunt reactor segment is projected to exceed USD 580 million by 2032, driven by the increasing demand for efficient grid voltage management and the rising focus on renewable energy integration. Fixed shunt reactors help stabilize voltage fluctuations, ensuring reliable power transmission, especially in high-voltage networks. Additionally, the expansion of electrical infrastructure in emerging economies, along with ongoing investments in modernizing aging power grids, further supports market growth. Government initiatives promoting energy efficiency and the adoption of advanced technologies in grid systems are also significant contributors to this upward trend.
 

The renewable energy sector is anticipated to fuel substantial growth in the air core single-phase shunt reactor market, with a projected CAGR of over 10% through 2032. This growth is attributed to the increasing integration of renewable energy sources, such as wind and solar, into power grids, which requires advanced voltage regulation solutions. Air core single-phase shunt reactors play a critical role in maintaining grid stability by managing voltage fluctuations caused by the intermittent nature of renewables. Additionally, government policies promoting clean energy and investments in modernizing grid infrastructure are further accelerating demand. The global shift towards reducing carbon emissions is also a key driver of market expansion.
 

The U.S. air core single-phase shunt reactor market is expected to surpass USD 130 million by 2032, driven by renewable energy integration, grid modernization, and supportive government policies. These reactors play a crucial role in maintaining grid stability as renewable energy adoption increases. The U.S. Department of Energy's Grid Modernization Initiative has committed USD 220 million in funding for grid modernization projects, highlighting the government's focus on enhancing power system resilience and reliability. This investment directly supports the growing demand for voltage regulation solutions like air core single-phase shunt reactors. Ongoing infrastructure upgrades, smart grid investments, and policies promoting energy efficiency further contribute to market expansion as utilities prioritize building sustainable and resilient energy systems.
 

The Asia Pacific air core single-phase shunt reactor market is driven by rapid urbanization, expanding renewable energy integration, and the need for enhanced grid stability. Growing investments in power infrastructure modernization, particularly in emerging economies like China and India, along with government initiatives promoting energy efficiency and renewable energy deployment, are further propelling demand for reliable voltage regulation solutions across the region.
 

Air Core Single Phase Shunt Reactor Market Share

Siemens Energy holds a significant market share in the air core single-phase shunt reactor market, driven by its advanced solutions for grid stability and voltage regulation. The company's focus on supporting renewable energy integration and modernizing power infrastructure has strengthened its position, especially as demand for reliable voltage management grows across global energy networks and smart grid initiatives expand.
 

Air Core Single Phase Shunt Reactor Market Companies

Major players operating in the air core single phase shunt reactor industry are:

• Coil Innovation
• GETRA
• GE
• Hilkar
• Hyosung Heavy Industries
• Hitachi Energy
• MindCore Technologies
• Nissin Electric
• Phoenix Electric Corp.
• Siemens Energy
• Shrihans Electricals
• SGB SMIT
• Toshiba Energy Systems & Solutions Corporation
• TMC Transformers Manufacturing Company
   

Air Core Single Phase Shunt Reactor Industry News

• In February 2024, GE Vernova secured contracts from Power Grid Corporation of India to supply 765 kV shunt reactors. These reactors will enhance grid stability and facilitate renewable energy integration. The projects, executed through GE T&D India, align with India's clean energy transition plan. Delivery is scheduled for 2025-26, supporting the country's sustainable energy objectives.
   

This air core single phase shunt reactor market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Product

• Fixed shunt reactors
• Variable shunt reactors

Market, By End Use

• Electric utility
• Renewable energy

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina