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Shunt Reactor Market Size to Hit USD 4.11 Billion by 2030 with Steady CAGR of 4.5%

01-22-2025 11:23 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Shunt Reactor Market

Shunt Reactor Market

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

The global shunt reactor market was valued at US$ 3.02 Bn. in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030, reaching US$ 4.11 Bn. by the end of the forecast period. The rising investments in energy infrastructure and the need for voltage regulation in long-distance power transmission are key growth drivers.

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's shunt reactor market is expanding as the government invests in energy grid modernization. Companies like ๐€๐๐ are collaborating with local utilities to deploy advanced shunt reactors for improved grid efficiency. Vietnam's renewable energy projects, particularly in wind and solar, further drive demand.

๐”๐ง๐ฅ๐จ๐œ๐ค ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฏ๐ข๐š ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/1161/

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's focus on renewable energy integration and smart grid initiatives is fueling the adoption of shunt reactors. ๐’๐ข๐ž๐ฆ๐ž๐ง๐ฌ ๐„๐ง๐ž๐ซ๐ ๐ฒ has been active in supplying high-voltage reactors to support Thailand's growing energy needs. The government's energy policy to enhance transmission efficiency boosts market growth.

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's advanced energy grid and focus on renewable energy adoption create significant opportunities for the shunt reactor market. Companies like ๐“๐จ๐ฌ๐ก๐ข๐›๐š ๐„๐ง๐ž๐ซ๐ ๐ฒ ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ & ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ are introducing compact and efficient reactors tailored to Japan's high-tech energy infrastructure. The rise of offshore wind projects enhances market potential.

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China's shunt reactor market is characterized by large-scale deployments in its extensive energy grid. Companies like ๐‚๐ก๐ข๐ง๐š ๐—๐ƒ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐‚๐จ. are leading the market with advanced reactors designed for high-voltage applications. Strategic partnerships and government-backed energy projects drive consolidation and innovation.

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's investments in smart grids and energy efficiency are driving the demand for shunt reactors. Companies like ๐‡๐ฒ๐จ๐ฌ๐ฎ๐ง๐  ๐‡๐ž๐š๐ฏ๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ are delivering innovative solutions for voltage stabilization and power quality improvement. Government incentives for green energy projects further support market growth.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/1161/

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's strategic focus on sustainable energy and grid reliability creates a strong market for shunt reactors. Companies like ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ are collaborating with local utilities to integrate shunt reactors into smart grid projects. The nation's emphasis on renewable energy and digital grid solutions enhances growth prospects.

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US leads the global shunt reactor market with a robust energy infrastructure and increasing focus on grid modernization. Companies like ๐„๐š๐ญ๐จ๐ง and ๐†๐„ ๐‘๐ž๐ง๐ž๐ฐ๐š๐›๐ฅ๐ž ๐„๐ง๐ž๐ซ๐ ๐ฒ are pioneering the development of advanced reactors for voltage regulation and grid stability. Federal investments in renewable energy transmission systems bolster the market.

๐’๐ก๐ฎ๐ง๐ญ ๐‘๐ž๐š๐œ๐ญ๐จ๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's shunt reactor market is driven by stringent energy efficiency regulations and the expansion of renewable energy projects. Companies like ๐’๐œ๐ก๐ง๐ž๐ข๐๐ž๐ซ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ and ๐’๐ข๐ž๐ฆ๐ž๐ง๐ฌ ๐„๐ง๐ž๐ซ๐ ๐ฒ are innovating with eco-friendly and high-performance reactors. The rise of cross-border energy grids supports sustained growth.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/1161/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž ๐จ๐Ÿ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Oil-Immersed Reactor
Air Core Dry Reactor

๐›๐ฒ ๐…๐จ๐ซ๐ฆ ๐…๐š๐œ๐ญ๐จ๐ซ

Fixed Shunt Reactor
Variable Shunt Reactor

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

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

๐›๐ฒ ๐„๐ง๐ ๐ฎ๐ฌ๐ž

Electric utilities
Industrial Verticals

According to end users, the electric utility end-users category is expected to reach USD $3.94 billion by 2030, with the greatest market share of 4.5% in 2023. Due to government-friendly policies and urbanization, the demand for energy is rising quickly in emerging nations, propelling market expansion. Along with the ever-increasing demand for energy from a variety of end-use industries, many developing nations are intending to increase their capacity for power generation. These factors have produced numerous profitable prospects for the major players in the industry.

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/shunt-reactor-market/1161/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Global Lemon Extract Market https://www.maximizemarketresearch.com/market-report/global-lemon-extract-market/27793/

โ™ฆ Global Optical Sorter Market https://www.maximizemarketresearch.com/market-report/global-optical-sorter-market/73696/

โ™ฆ Endoscopic Spinal Surgery Market https://www.maximizemarketresearch.com/market-report/global-endoscopic-spinal-surgery-market/80247/

โ™ฆ Global Voice over Internet Protocol (VoIP) Market https://www.maximizemarketresearch.com/market-report/global-voice-over-internet-protocol-voip-market/55029/

โ™ฆ Inverter Market https://www.maximizemarketresearch.com/market-report/global-inverter-market/54845/

โ™ฆ India Solar Rooftop Market https://www.maximizemarketresearch.com/market-report/india-solar-rooftop-market/20777/

โ™ฆ Motorhome Vehicle Market https://www.maximizemarketresearch.com/market-report/motorhome-vehicle-market/165020/

โ™ฆ Global directional drilling services market https://www.maximizemarketresearch.com/market-report/directional-drilling-services-market/69000/

โ™ฆ Global Membrane Bioreactor (MBR) Systems Market https://www.maximizemarketresearch.com/market-report/global-membrane-bioreactor-systems-market/31266/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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