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Air Core Single Phase Shunt Reactor Market Analysis

  • Report ID: GMI11899
  • Published Date: Oct 2024
  • Report Format: PDF

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.
 

Air Core Single Phase Shunt Reactor Market Share, By End Use, 2023

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.
 

U.S. Air Core Single Phase Shunt Reactor Market, 2022 – 2032 (USD Million)

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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for air core single-phase shunt reactor was reached USD 571.8 million in 2023 and is estimated to grow at a 6.9% CAGR from 2024 to 2032, driven by the augmentation and modernization of transmission and distribution networks.

The fixed shunt reactor segment is projected to exceed USD 580 million by 2032, led by the increasing demand for efficient grid voltage management and the rising focus on renewable energy integration.

The renewable energy sector is fueling significant growth in the air core single-phase shunt reactor market, with a projected CAGR of over 10% through 2032, due to the increasing integration of renewable energy sources, such as wind and solar, which require advanced voltage regulation solutions to maintain grid stability.

The U.S. market for air core single-phase shunt reactor is expected to surpass USD 130 million by 2032, driven by renewable energy integration, grid modernization, and supportive government policies.

Major players in the air core single-phase shunt reactor industry include 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, and TMC Transformers Manufacturing Company.

Air Core Single Phase Shunt Reactor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 10
  • Countries covered: 17
  • Pages: 70
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