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North America Oil Immersed Shunt Reactor Market Share

Report ID: GMI8784
Published Date: Apr 2024
Report Format: PDF

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North America Oil Immersed Shunt Reactor Market Share

General Electric stands out as a major player in the North America oil-immersed shunt reactor industry. Renowned for its extensive experience and innovative solutions, GE offers a comprehensive range of shunt reactor products catering to various grid stabilization needs. With a strong presence in the region and a commitment to technological advancement, GE continues to lead in providing reliable and efficient solutions for grid infrastructure.

North America Oil Immersed Shunt Reactor Market Companies

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

Alstom
CHINT Group
Elgin Power Solutions
Fuji Electric Co., Ltd.
General Electric
Hyosung Heavy Industries
Hitachi Energy Ltd.
JSHP Transformer
MEIDENSHA CORPORATION
Nissin Electric Co., Ltd.
SGB SMIT
Siemens Energy
Shrihans Electricals Pvt. Ltd.
Toshiba Corporation
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for oil immersed shunt reactor in North America reached USD 247.4 million in 2023 and is set to witness 6.2% CAGR from 2024 to 2032, led by grid modernization initiatives, increasing demand for electricity, and the integration of renewable energy sources.

The electric utility segment in the North America oil immersed shunt reactor industry is anticipated to grow at over 4.5% CAGR till 2032, as electricity continues to rise, utilities are investing in grid modernization initiatives to enhance grid stability and reliability.

The U.S. market is projected to surpass USD 300 million by 2032, attributed to the increasing electricity demand and the need for modernizing aging grid infrastructure.

Alstom, CHINT Group, Elgin Power Solutions, Fuji Electric Co., Ltd., General Electric, Hyosung Heavy Industries, Hitachi Energy Ltd., JSHP Transformer, MEIDENSHA CORPORATION, Nissin Electric Co., Ltd., SGB SMIT, Siemens Energy, Shrihans Electricals Pvt. Ltd., Toshiba Corporation and WEG.