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Three Phase Shunt Reactor Market Share

Report ID: GMI6652
Published Date: Sep 2023
Report Format: PDF

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Three Phase Shunt Reactor Market Share

Major participants in the three phase shunt reactor market include

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

These firms are pursuing collaborations, joint ventures and strategic partnerships with component manufacturers and smaller-scale producers to establish a competitive advantage within the sector.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of three phase shunt reactor was reached USD 1.3 billion in 2023 and is anticipated to cross USD 2.5 billion by 2032, driven by the increasing demand for electricity and the expansion of electrical grids.

Oil-immersed shunt reactors market was worth over USD 1 billion in 2022 and is projected to surpass USD 2 billion by 2032, as these reactors excel in power handling capacity compared to their air-core counterparts, enabling efficient compensation for reactive power demands within power systems.

The market for three-phase shunt reactor in Asia Pacific is poised for substantial growth, with a projected CAGR exceeding 8% through 2032, attributed to the increase in energy consumption driven by rapid urbanization, industrial expansion, and population growth.

Siemens Energy, TMC TRANSFORMERS MANUFACTURING COMPANY, Shrihans Electricals Pvt. Ltd., NISSIN ELECTRIC Co.,Ltd., HICO America, Hitachi Energy Ltd., GETRA S.p.A., Toshiba Energy Systems & Solutions Corporation, Fuji Electric Co., Ltd., and WEG among others.