Shunt Reactor Market to Hit $ 5.22 Billion by 2031 - Key Insights | Most Latest Companies - GE, Siemens, Toshiba Corporation, CG Power and Industrial Solutions Limited, Hitachi Energy

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.

Shunt Reactor Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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A shunt reactor is an electrical device used to absorb reactive power and stabilize voltage levels in high-voltage transmission networks. It improves grid efficiency, minimizes power losses, and helps maintain a reliable electricity supply in industrial and utility applications.

List of the Key Players in the Shunt Reactor Market:

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.

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Industry Development:

In February 2024, GE Vernova's Grid Solutions secured multi-million-dollar contracts with PGCIL to supply 765 kV Shunt Reactors, enhancing India's grid stability.

In April 2022, Hitachi Energy introduced OceaniQ transformers and shunt reactors for offshore renewable energy applications.

In September 2022, ABB sold its remaining 19.9% stake in Hitachi ABB Power Grids to Hitachi Ltd.

In March 2022, Siemens Energy divested its 35% stake in Voith Hydro, making Voith Group the sole owner.

In January 2022, Trench Group launched the world's first 500kV Dry-Type Reactor, capable of up to 550 kV.

Growth Forecast Projected:

The Global Shunt Reactor Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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Segment Covered in the Shunt Reactor Market:

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

Regional Analysis for Shunt Reactor Market:

The regional analysis of the Shunt Reactor Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

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

➠ Who are the leading manufacturers in the global Shunt Reactor industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Shunt Reactor industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Shunt Reactor market?

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

Browse More Reports: https://www.datamintelligence.com/research-report/shunt-reactor-market

Fixed Shunt Reactor Market - https://www.datamintelligence.com/research-report/fixed-shunt-reactor-market

Variable Shunt Reactor Market - https://www.datamintelligence.com/research-report/variable-shunt-reactor-market

Oil Immersed Shunt Reactor Market - https://www.datamintelligence.com/research-report/oil-immersed-shunt-reactor-market

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