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Single Phase Variable Shunt Reactor Market Share

Report ID: GMI11727
Published Date: Oct 2024
Report Format: PDF

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Single Phase Variable Shunt Reactor Market Share

General Electric (GE) holds a significant share in the single-phase variable shunt reactor industry, leveraging its expertise in power management solutions. The company’s innovative technologies enhance voltage regulation and grid stability, meeting the growing demands of utilities and renewable energy projects. GE's commitment to sustainability and efficiency further strengthens its position in this expanding market segment.

Single Phase Variable Shunt Reactor Market Companies

Major key players operating across the single-phase variable shunt reactor industry are:

Coil Innovation
GE
GETRA
Hilkar
Hitachi Energy
Hyosung Heavy Industries
MindCore Technologies
Nissin Electric
Phoenix Electric
SGB SMIT
Shrihans Electricals
Siemens Energy
TMC Transformers
Toshiba Energy Systems & Solutions

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for single-phase variable shunt reactors was reached USD 336.2 million in 2023 and is projected to grow at a CAGR of 7.4% from 2024 to 2032, driven by the increasing demand for efficient voltage regulation in power transmission systems.

The market for oil-immersed shunt reactors is expected to surpass USD 390 million by 2032, attributed to the rising demand for efficient voltage regulation in power transmission systems and the increasing integration of renewable energy sources.

The renewable energy segment is anticipated to grow at a CAGR of over 10% through 2032, due to the increasing integration of renewable energy sources, which necessitate effective voltage regulation to manage fluctuating power outputs.

The U.S. single-phase variable shunt reactor market is expected to surpass USD 50 million by 2032, propelled by the need for efficient voltage regulation and the integration of renewable energy sources.

Prominent players in the single-phase variable shunt reactor market include Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric, SGB SMIT, Shrihans Electricals, Siemens Energy, TMC Transformers, and Toshiba Energy Systems & Solutions.