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North America Three Phase Shunt Reactor Market Share

Report ID: GMI9217
Published Date: Apr 2024
Report Format: PDF

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North America Three Phase Shunt Reactor Market Share

North America Three Phase Shunt Reactor Company Market Share Analysis, 2023

ABB holds a significant market share in the market due to its comprehensive product portfolio, technological expertise, wide geographic presence, strong partnerships, and commitment to sustainability. It offers diverse range of three-phase shunt reactors to cater to various voltage levels and application requirements. Its extensive experience in power and automation industry enables it to develop innovative solutions for efficient and reliable performance. Company’s focus on sustainable energy solutions aligns with growing demand for environmentally friendly technologies, further solidifying its position in the market.

North America Three Phase Shunt Reactor Market Companies

Some of the major key players operating across the North America three phase shunt reactor industry are:

ALSTOM SA
ABB
CG Power & Industrial Solutions Ltd.
Elgin Power Solutions
General Electric
HICO America
Hyosung Heavy Industries
Hitachi Energy Ltd.
SGB SMIT
Shrihans Electricals Pvt. Ltd.
Siemens Energy
Toshiba Corporation
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America three phase shunt reactor was valued at USD 253.4 million in 2023 and will grow at 6.2% CAGR between 2024 and 2032, driven by increasing demand for electricity.

North America fixed three phase shunt reactor market recorded steady growth in 2023 and will surpass USD 244 million by 2032, led by the increasing demand for grid stability.

U.S. three phase shunt reactor market held a decent share in 2023 and is set to exceed USD 315 million by 2032, owing to the need to maintain voltage stability.

ALSTOM SA, ABB, CG Power & Industrial Solutions Ltd., Elgin Power Solutions, General Electric, HICO America, Hyosung Heavy Industries, Hitachi Energy Ltd., and SGB SMIT among others.