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North America Fixed Shunt Reactor Market Share

Report ID: GMI9382
Published Date: May 2024
Report Format: PDF

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North America Fixed Shunt Reactor Market Share

With innovative solutions, superior quality, and extensive experience, ABB holds a substantial market share in North America's fixed shunt reactor industry. Its products excel in reliability and efficiency, meeting the stringent demands of utilities amidst the region's focus on grid modernization and renewable energy integration, solidifying ABB's position as a leader in the market.

North America Fixed Shunt Reactor Market Companies

Some of the key market players operating across the North America fixed shunt reactor industry are:

ABB
ALSTOM SA
CG Power & Industrial Solutions Ltd.
CHINT Group
Elgin Power Solutions
GE Grid Solutions, LLC
GETRA S.p.A.
HICO America
Hitachi Energy Ltd.
MEIDENSHA CORPORATION
NISSIN ELECTRIC Co.,Ltd.
Prolec Energy
SGB SMIT
Shrihans Electricals Pvt. Ltd.
Siemens Energy
Toshiba Corporation
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for fixed shunt reactor North America in generated USD 232.3 million in 2023 and will register 6.2% CAGR up to 2032, backed by electricity, and grid stability enhancement initiatives.

The three-phase fixed shunt reactor segment is expected to surpass USD 250 million by 2032, owing to their reliability, efficiency, and compatibility.

U.S. fixed shunt reactor industry is projected to exceed USD 290 million by 2032, attributed to the expansive electricity infrastructure, encompassing transmission and distribution networks.

ABB, ALSTOM SA, CG Power & Industrial Solutions Ltd., CHINT Group, Elgin Power Solutions, GE Grid Solutions, LLC, GETRA S.p.A., HICO America, Hitachi Energy Ltd., MEIDENSHA CORPORATION, NISSIN ELECTRIC Co.,Ltd., Prolec Energy, SGB SMI, Shrihans Electricals Pvt. Ltd., Siemens Energy and Toshiba Corporation.