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Oil Immersed Shunt Reactor Market Share

Report ID: GMI6686
Published Date: Sep 2023
Report Format: PDF

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Oil Immersed Shunt Reactor Market Share

Major participants in the oil immersed shunt reactor market include :

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

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of oil immersed shunt reactor was reached USD 1.3 billion in 2023 and is anticipated cross USD 2.2 billion by 2032, owing to the expansion and modernization of power transmission and distribution networks.

Electric utility segment held a major market share of over 68% in 2022 and will continue to grow, backed by the rising global demand for electricity, and investments in upgrading their aging grid infrastructure.

Asia Pacific market for oil immersed shunt reactor is expected to witness a substantial growth at a CAGR of over 5.5% through 2032, owing to an increasing urbanization rate in many countries, leading to higher electricity consumption in urban areas.

CG Power & Industrial Solutions Ltd., WEG, Hitachi Energy Ltd., GETRA S.p.A., Fuji Electric Co., Ltd., TMC TRANSFORMERS MANUFACTURING COMPANY, HYOSUNG HEAVY INDUSTRIES, NISSIN ELECTRIC Co.,Ltd. and GE among others.