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Air Core Single Phase Shunt Reactor Market Share

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

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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

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.