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Air Core Variable Shunt Reactor Market Share

Report ID: GMI11622
Published Date: Sep 2024
Report Format: PDF

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Air Core Variable Shunt Reactor Market Share

Air Core Variable Shunt Reactor Market Company Share Analysis, 2023

General Electric holds a significant share in the market, leveraging its expertise in grid solutions and advanced technologies. GE's products are widely used for voltage regulation and reactive power management, particularly in grids integrating renewable energy. The company's focus on innovation and efficient power solutions positions it as a key player in supporting grid stability and modernization efforts globally.

Air Core Variable Shunt Reactor Market Companies

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

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The industry was valued at USD 320.7 million in 2023 and is projected to grow at a CAGR of 9% from 2024 to 2032, driven by the increasing reliance on renewable energy sources necessitating improved grid stability.

The market for three-phase shunt reactors is expected to exceed USD 450 million by 2032. This growth is driven by the need for grid stability due to the rising integration of renewable energy sources, modernization of aging transmission infrastructure, and investments in smart grid technologies.

The Asia Pacific air core variable shunt reactor market is set to surpass USD 380 million by 2032, driven by rapid industrialization, urbanization, and renewable energy adoption. Countries like China, India, and Japan are expanding power grids to meet increased electricity demand and integrate renewable sources.

Key players in the air core reactor industry include Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric, SGB SMIT, Shrihans Electricals, Siemens Energy, TMC Transformers, and Toshiba Energy Systems & Solutions.