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Asia Pacific Utility Scale Shunt Reactor Market Trends

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

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Asia Pacific Utility Scale Shunt Reactor Market Trends

The Asia Pacific utility-scale shunt reactor market is driven by grid modernization efforts and renewable energy integration. Increasing renewable capacity, particularly in wind and solar, boosts demand for reactive power compensation to ensure grid stability. The shift towards higher voltage transmission systems, including ultra-high-voltage (UHV) networks, requires advanced shunt reactors for efficient long-distance power transmission.

Regional countries are investing in smart grid technologies and expanding transmission infrastructure to support urbanization and industrial growth. Japan's Ministry of Economy, Trade and Industry (METI) announced plans to invest USD 100 billion in grid expansion and modernization by 2030, including significant allocations for reactive power compensation technologies. Innovations in shunt reactor design, focusing on improved efficiency and reduced operational losses, are gaining traction as utilities seek to optimize performance and lower maintenance costs.

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.