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Asia Pacific Utility Scale Shunt Reactor Market Share

Report ID: GMI11487
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Utility Scale Shunt Reactor Market Share

Utility Scale Shunt Reactor Market Company Share Analysis, 2023

ABB is poised to capture a significant share of the utility-scale shunt reactor market in the Asia-Pacific region. The company’s advanced technologies and robust product portfolio align well with the growing demand for reliable voltage regulation and grid stability across the region. As Asia-Pacific continues to invest heavily in expanding and modernizing its power infrastructure to accommodate rising industrial and urban growth, ABB’s expertise in high-performance shunt reactors positions it strategically to meet these needs. Additionally, ABB’s involvement in large-scale renewable energy projects and grid upgrades further enhances its competitive edge in this expanding market.

Asia Pacific Utility Scale Shunt Reactor Market Companies

Some of the key market players operating across the Asia Pacific utility scale shunt reactor industry are:

ABB
Alstom
Fuji Electric
GBE
General Electric
Hitachi Energy
Hyosung Heavy Industries
Nissin Electric
Siemens Energy
Shrihans Electricals
Toshiba
Transformers Manufacturing Company
TBEA
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Asia Pacific utility scale shunt reactor industry was valued at USD 669.5 million in 2023 and is expected to grow at a CAGR of 5.8% through 2032, driven by increasing demand for reliable electricity infrastructure, and rapid integration of renewable energy sources.

The three-phase segment of Asia Pacific utility scale shunt reactor market is expected to top USD 750 million by 2032, driven by the increasing need for efficient voltage control in high-capacity transmission networks, particularly as the region ramps up renewable energy integration.

China utility-scale shunt reactor market is projected to surpass USD 530 million by 2032, owing to extensive investments in power transmission infrastructure to support rapid urbanization and industrial expansion.

Fuji Electric, GBE, General Electric, Hitachi Energy, Hyosung Heavy Industries, Nissin Electric, Siemens Energy, Shrihans Electricals, and Toshiba among others.