Shunt Reactor Market reached US$ 2.86 billion in 2023 and is expected to reach US$ 5.22 billion by 2031 - GE, Siemens, Toshiba Corporation.

The Shunt Reactor Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Shunt Reactor market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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Global Shunt Reactor Market reached US$ 2.86 billion in 2023 and is expected to reach US$ 5.22 billion by 2031, growing with a CAGR of 7.81% during the forecast period 2024-2031.

A shunt reactor is an electrical device used to absorb reactive power, stabilize voltage, and enhance power grid efficiency. Widely deployed in high-voltage transmission systems, it prevents over-voltage during low-load conditions. Advancements in compact, energy-efficient designs are optimizing their performance. Increasing global energy demand and grid modernization projects fuel the market. Shunt reactors play a critical role in ensuring reliable and sustainable electricity distribution.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as

GE, Siemens, Toshiba Corporation, CG Power and Industrial Solutions Limited, Hitachi Energy, Hyosung Corporation, ABB Ltd, Nissin Electric Co Ltd, Fuji Electric Co., Ltd. and GBE SpA.

Key Developments:

❁ In February 2024, GE Vernova's Grid Solutions division secured major contracts from Power Grid Corporation of India (PGCIL) to supply 765 kV Shunt Reactors. These reactors play a crucial role in enhancing the stability and efficiency of India's power transmission system, particularly as the country integrates more renewable energy sources into its grid infrastructure.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Shunt Reactor market has been segmented

By Phase

Single Phase
Three Phase
By Type

Oil Immersed
Air Core
By Rated Voltage

Less than 200 kV
200kV-400kV
Above 400kV
By Product

Fixed
Variable
By End-User

Electric Utility
Renewable Energy
Research Process

Both primary and secondary data sources have been used in the global Shunt Reactor Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Shunt Reactor Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Shunt Reactor market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Shunt Reactor Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Shunt Reactor market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Shunt Reactor Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Shunt Reactor market?

➠ Who are the global key manufacturers of the Shunt Reactor Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Shunt Reactor market opportunities and threats faced by the vendors in the global Shunt Reactor Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Shunt Reactor market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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