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Fixed Shunt Reactor Market Share

Report ID: GMI6726
Published Date: Sep 2023
Report Format: PDF

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Fixed Shunt Reactor Market Share

Major participants in the fixed shunt reactor market include :

HYOSUNG HEAVY INDUSTRIES
TMC TRANSFORMERS MANUFACTURING COMPANY
Siemens Energy
Hitachi Energy Ltd.
WEG
SGB SMIT
NISSIN ELECTRIC Co.,Ltd.
Shrihans Electricals Pvt. Ltd.
GE
GBE S.p.A
Toshiba Energy Systems
Solutions Corporation
CG Power & Industrial Solutions Ltd.
Fuji Electric Co., Ltd
GETRA S.p.A.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of fixed shunt reactor was reached USD 1.2 billion in 2023 and will be worth over USD 2.1 billion in 2032, given the rapid integration of renewable energy sources into the electrical grid.

Why is the demand for three-phase fixed shunt reactors increasing?

Asia Pacific shunt reactor market will record over 5.5% CAGR till 2032, on account of rapid population growth, industrialization, and urbanization and the subsequent surge in electricity demand in the region.

Siemens Energy, Hitachi Energy Ltd., WEG, SGB SMIT, NISSIN ELECTRIC Co.,Ltd., Shrihans Electricals Pvt. Ltd., GE, GBE S.p.A, Toshiba Energy Systems & Solutions Corporation, CG Power & Industrial Solutions Ltd., Fuji Electric Co., Ltd. and GETRA S.p.A. are some of the key firms.