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Oil Immersed Variable Shunt Reactor Market Share

Report ID: GMI11525
Published Date: Sep 2024
Report Format: PDF

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Oil Immersed Variable Shunt Reactor Market Share

General Electric holds a significant share in the oil-immersed variable shunt reactor industry, driven by its advanced technologies and strong presence in the power sector. GE’s expertise in grid modernization and renewable energy integration positions it as a key player, providing reliable solutions for reactive power management. Their products cater to the growing demand for efficient grid stability across various regions.

Oil Immersed Variable Shunt Reactor Market Companies

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

CG Power & Industrial Solutions
Fuji Electric
GBE
GE
GETRA
Hitachi Energy
Hyosung Heavy Industries
Nissin Electric
SGB SMIT
Shrihans Electricals
Siemens Energy
TMC Transformers Manufacturing Company
Toshiba Energy Systems & Solutions
WEG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of oil immersed variable shunt reactor reached USD 548.3 million in 2023 and is set to grow at 7.9% CAGR through 2032, owing to the investments in transmission infrastructure.

The three-phase shunt segment is projected to exceed USD 700 million by 2032, driven by the increasing integration of renewable energy sources.

Asia Pacific market is projected to surpass USD 590 million by 2032, due to rapid urbanization and industrialization.

CG Power & Industrial Solutions, Fuji Electric, GBE, GE, GETRA, Hitachi Energy, Hyosung Heavy Industries, Nissin Electric, SGB SMIT, Shrihans Electricals, Siemens Energy, and TMC Transformers Manufacturing Company.