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Oil Immersed Single Phase Shunt Reactor Market Share

Report ID: GMI11963
Published Date: Oct 2024
Report Format: PDF

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Oil Immersed Single Phase Shunt Reactor Market Share

General Electric (GE) holds a significant share in the oil-immersed single-phase shunt reactor industry due to its strong portfolio of power grid solutions and a focus on improving grid efficiency. GE's expertise in high-voltage transmission infrastructure and its advanced reactor technologies contribute to the company’s leadership, as it supports the increasing demand for reactive power management and grid stability globally.

Oil Immersed Single Phase Shunt Reactor Market Companies

Major players operating in the oil immersed single phase shunt reactor industry are:

CG Power & Industrial Solutions
Coil Innovation
General Electric
GETRA
Hitachi Energy
Hyosung Heavy Industries
Hilkar
Nissin Electric
Starlit Electricals
SGB SMIT
Siemens Energy
Shrihans Electricals
TMC
Toshiba Energy Systems & Solutions Corporation

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for oil-immersed single-phase shunt reactor was reached USD 249.9 million in 2023 and is estimated to grow at a 4.1% CAGR from 2024 to 2032, driven by the demand for efficient power transmission and grid voltage stabilization.

The fixed shunt reactor segment is expected to surpass USD 200 million by 2032, due to increasing investments in power grid infrastructure and the need for voltage stability in long-distance high-voltage transmission networks.

The electric utility sector is projected to grow at a CAGR of over 2.5% through 2032, fueled by investments in power grid expansion and modernization to meet rising electricity demand and integrate renewable energy sources.

The U.S. oil-immersed single-phase shunt reactor market is estimated to cross over USD 40 million by 2032, driven by grid modernization investments and the demand for efficient power transmission.

Key players in the industry include CG Power & Industrial Solutions, Coil Innovation, General Electric, GETRA, Hitachi Energy, Hyosung Heavy Industries, Hilkar, Nissin Electric, Starlit Electricals, SGB SMIT, Siemens Energy, Shrihans Electricals, TMC, and Toshiba Energy Systems & Solutions Corporation.