openPR Logo
Press release

Shunt Reactor Market is expected to reach USD 4.11 Bn by 2030, as per Maximize Market Research

11-06-2024 05:05 PM CET | Energy & Environment

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Shunt Reactor Market

Shunt Reactor Market

Shunt Reactor Market was valued at US$ 3.02 Bn. in 2023 and the total Text-To-Speech revenue is expected to grow at 13.8% from 2024 to 2030, reaching nearly US$ 4.11 Bn.

Shunt Reactor Market Overview

The shunt reactor is the same as the power transformer but it has only one winding per phase as compared to the power transformer. Shunt reactors are used to increase the power and energy system efficiency as it absorbs & compensates the reactive power in cables and long high voltage transmission lines. The maximum rated voltage of the shunt reactors is nowadays 800 kV and rated power goes up to 300 MVA. Same like power transformers, shunt reactors may be designed like Oil-immersed and Dry-type the transformer as well .

๐‚๐ฅ๐ข๐œ๐ค ๐ญ๐ก๐ž ๐›๐ž๐ฅ๐จ๐ฐ ๐ฅ๐ข๐ง๐ค ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ:https://www.maximizemarketresearch.com/request-sample/1161/

Shunt Reactor Market Regional Analysis

The Asia Pacific region is anticipated to have the biggest portion of the worldwide Shunt Reactor market. Countries are opting for renewable energy sources like constructing power plants to fulfil the demand for electricity. This will lead to higher investments in the grid along with equipment like transformers and reactors. As the need for electricity increases, electric utilities will require additional reactors.

Shunt Reactor Market key players

In order to remain competitive in the field, large manufacturing firms like Siemens, ABB, Crompton Greaves, Zaporozhtransformator, General Electric, Nissin Electric, Toshiba, and Mitsubishi are focusing on building a robust distribution network. Furthermore, in order to dominate the worldwide market for shunt reactors by holding the largest market share, they are utilizing various business tactics such as forming strategic partnerships, innovating technologically, securing distribution contracts, acquiring technical expertise, obtaining patents, hosting events, gaining product approvals, entering into joint ventures and partnership agreements, engaging in digital marketing, collaborating with others, pursuing mergers and acquisitions, maximizing power usage, and more.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/request-sample/1161/

Shunt Reactor Market Segmentation

By Type of Product

Oil-Immersed Reactor
Air Core Dry Reactor

By Application

Less than 200 kV
200kV-400kV
Above 400kV

By End-Use

Electric utilities
Industrial Verticals

๐…๐จ๐ซ ๐š ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ , ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/market-report/shunt-reactor-market/1161/

Shunt Reactor Market leaders

1.Zaporozhtransformator

2.Siemens AG

3.ABB

4.Crompton Greaves

5.Hyundai Heavy Industries

6.Fuji Electric Co. Ltd

7.Mitsubishi Electric Corporation

8.TBEA

9.TRENCH Group

10.Hilkar

11.General Electric

12.Toshiba

13.Nissin Electric

14.BEIJING POWER EQUIPMENT GROUP CO LTD

15.CG Power Systems

16.Edit Elektronik

17.ENTES Elektronik Cihazlar

18.Etamatis Enerji

19.Hyosung Power & Industrial Systems PG - Industrial

20.Hitachi

21.Alstom SA

๐“๐จ ๐†๐ž๐ญ ๐Œ๐จ๐ซ๐ž:https://www.maximizemarketresearch.com/request-sample/1161/

Key questions answered in the Market are:

What was the Market size in 2023?
What is the projected demand for the Shunt Reactor Market?
Which are the factors expected to drive the Market growth?
What is the future projection for the Shunt Reactor Market?

Key Offerings:

Past Shunt Reactor Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Shunt Reactor Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

Maximize has also published reports on

Power System Simulator Market size is expected to reach US $ 1.85 Bn by 2029, at a CAGR of 6.12% during the forecast period.

Get Info:https://www.maximizemarketresearch.com/market-report/power-system-simulator-market/736/

The Waste To Energy Market size was valued at USD 35.23 Billion in 2023 and the total Waste To Energy Market revenue is expected to grow at a CAGR of 8.68% from 2024 to 2030, reaching nearly USD 63.11 Billion.

Get Info:https://www.maximizemarketresearch.com/market-report/waste-to-energy-market-wte/13394/

Ozone Generators Market size is expected to reach US$ 2.21 Bn. by 2030, growing at a CAGR of 8.55% during the forecast period.

Get Info:https://www.maximizemarketresearch.com/market-report/ozone-generators-market/20712/

MAXIMIZE MARKET RESEARCH PVT. LTD.

โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

About Maximize Market Research

Maximize Market Research is a global market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more.

Their services cover market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence.

Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving market landscape.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shunt Reactor Market is expected to reach USD 4.11 Bn by 2030, as per Maximize Market Research here

News-ID: 3721790 • Views: โ€ฆ

More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.

Candle Market to Reach USD 18.39 Billion by 2032, Growing at 8.2% CAGR - Driven by Home Deฬcor and Aromatherapy Demand
Candle Market to Reach USD 18.39 Billion by 2032, Growing at 8.2% CAGR - Driven โ€ฆ
The global candle market is projected to nearly double in value by 2032, supported by rising interest in home aesthetics, aromatherapy, and eco-friendly lifestyle products. Opening Paragraph According to a recent market analysis, the global candle market was valued at USD 9.79 billion in 2024 and is forecast to reach USD 18.39 billion by 2032, expanding at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2032. Growth is fueledโ€ฆ
Microalgae-Based Products Market to Reach USD 23.01 Billion by 2030, Growing at 8.2% CAGR - Rising Demand for Nutraceuticals and Sustainable Ingredients Fuels Growth
Microalgae-Based Products Market to Reach USD 23.01 Billion by 2030, Growing at โ€ฆ
The global microalgae-based products market is projected to grow significantly through 2030, driven by the rising use of microalgae in nutraceuticals, natural food colorants, cosmetics, and sustainable bio-based applications. Opening Paragraph According to a new market analysis, the global microalgae-based products market was valued at approximately USD 13.25 billion in 2023 and is expected to reach USD 23.01 billion by 2030, expanding at a compound annual growth rate (CAGR) of 8.2% duringโ€ฆ
Bicycle Market to Reach USD 163.51 Billion by 2032, Growing at 9.8% CAGR - Rising Demand for E-Bikes and Sustainable Mobility Drives Expansion
Bicycle Market to Reach USD 163.51 Billion by 2032, Growing at 9.8% CAGR - Risin โ€ฆ
The global bicycle market is projected to grow robustly through 2032, propelled by the surging popularity of electric bicycles (e-bikes), government initiatives for sustainable transport, and rising health and fitness awareness. Opening Paragraph According to a recent industry analysis, the global bicycle market was valued at approximately USD 77.40 billion in 2024 and is expected to reach USD 163.51 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.8%โ€ฆ
Courier Services Market to Reach USD 712.07 Billion by 2032 at 5.8% CAGR - Global Courier Services Market Growth Insight
Courier Services Market to Reach USD 712.07 Billion by 2032 at 5.8% CAGR - Globa โ€ฆ
Courier Services Market to Reach USD 712.07 Billion by 2032 at 5.8% CAGR - Strong Growth Driven by E-Commerce Expansion Subheading: The global courier services market is projected to achieve steady growth through 2032, fueled by surging e-commerce activity, rapid digitalization, and increased cross-border trade. Unlock more insights-request a free sample report now : https://www.maximizemarketresearch.com/request-sample/168771/ Opening Paragraph: According to a new industry report, the global courier services market was valued at USD 453.56 billion inโ€ฆ

All 5 Releases


More Releases for Reactor

Top Trends Transforming the Small Modular Reactor Market Landscape in 2025: Adva โ€ฆ
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts What Will the Small Modular Reactor Industry Market Size Be by 2025? The market size of small modular reactors has seen a significant expansion in the past few years. Its growth is projected to rise from $0.27 billion in 2024 to $0.67 billion in 2025, with a compound annualโ€ฆ
Prominent Small Modular Reactor Market Trend for 2025: Advances In Small Modular โ€ฆ
What Are the Projected Growth and Market Size Trends for the Small Modular Reactor Market? The small modular reactor market has grown exponentially in recent years. It will rise from $0.27 billion in 2024 to $0.67 billion in 2025, at a CAGR of 152.1%. The growth is driven by concerns over energy security, regulatory support, increasing electricity demand, the need for carbon emission reduction, and the desire for decentralized power generation. Theโ€ฆ
Line Reactor Market Market 2024 | Valuates Reports
Line Reactor - Market Size The global market for Line Reactor was estimated to be worth US$ 167.5 million in 2023 and is forecast to a readjusted size of US$ 220.2 million by 2030 with a CAGR of 3.9% during the forecast period 2024-2030 View Sample Report https://reports.valuates.com/request/sample/QYRE-Auto-28Y8178/Global_and_China_Line_Reactor_Market_Insights_Forecast_to_2027 Report Scope This report aims to provide a comprehensive presentation of the global market for Line Reactor, focusing on the total sales volume, sales revenue, price, keyโ€ฆ
Global Line Reactor Market Research Report 2023
A line reactor (also referred to as a "choke") is a variable frequency drive (VFD) accessory that consists of a coil of wire that forms a magnetic field as current flows through it. This magnetic field limits the rate of rise of the current, thus reducing harmonics and protecting the drive from power system surges and transients. There are two primary types of reactors used in variable frequency drives: ACโ€ฆ
Variable Shunt Reactor Market 2021 | Detailed Report
Variable Shunt Reactor Market Forecasts report provided to identify significant trends, drivers, influence factors in global and regions, agreements, new product launches and acquisitions, Analysis, market drivers, opportunities and challenges, risks in the market, cost and forecasts to 2027. Get Free Sample PDF (including full TOC, Tables and Figures) of Variable Shunt Reactor Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=4963736 The report provides a comprehensive analysis of company profiles listed below: - ABB - Siemens - Crompton Greaves -โ€ฆ
Nuclear Reactor Market
Construction of new nuclear across the globe is one of the primary reasons behind the accelerating growth of the global nuclear reactor market, states TMR Research in a new research report. The report is titled, โ€œNuclear Reactor Market โ€“ Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 โ€“ 2025.โ€ Click on the link below to request a sample copy of the report https://www.tmrresearch.com/sample/sample?flag=B&rep_id=335 The worldwide market for nuclear reactors isโ€ฆ