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Air Core Variable Shunt Reactor Market Size
- Report ID: GMI11622
- Published Date: Sep 2024
- Report Format: PDF
Air Core Variable Shunt Reactor Market Size
The global air core variable shunt reactor market size was valued at USD 320.7 million in 2023 and is projected to grow at a CAGR of 9% from 2024 to 2032. The increasing reliance on renewable energy sources necessitates improved grid stability. Efficient voltage regulation is crucial for managing power fluctuations in transmission networks. Investments in smart grids and infrastructure modernization are rising. Technological advancements are enhancing the reliability and flexibility of air core reactors.
Growing energy consumption in developing economies demands more robust electrical grids. Notably, the U.S. Energy Information Administration reports that renewable energy sources accounted for about 20% of U.S. electricity generation in 2021, highlighting the urgent need for grid stability solutions like air core variable shunt reactors.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Air Core Variable Shunt Reactor Market Size in 2023: | USD 320.7 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 9% |
| 2032 Value Projection: | USD 708.8 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 70 |
| Tables, Charts & Figures: | 10 |
| Segments covered: | Phase and End Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Air Core Variable Shunt Reactor Market Scope
