Shunt Reactor Market Size, Share & Trend Analysis Report By Type (Oil-immersed, Air-core), By Application (Fixed, Variable), By Phase (Three Phase, Single Phase), By Region, And Segment Forecasts, 2024 - 2030
Shunt Reactor Market Size & Trends
The global shunt reactor market size was estimated at USD 2.66 billion in 2023 and is estimated to grow at a CAGR of 6.2% from 2024 to 2030. This growth is driven by increasing demand across various applications, particularly in power transmission and distribution systems. The surge is fueled by expanding electricity consumption globally, driven by industrialization, urbanization, and infrastructural development.
As the adoption of renewable energy sources, including solar and wind power, expands, their inherently variable nature introduces volatility into the system. Shunt reactors are critical in ensuring grid stability and delivering a reliable power supply by managing voltage fluctuations. Within high-voltage transmission networks, shunt reactors play a pivotal role in voltage regulation amidst varying load conditions. These reactors are strategically engaged and disengaged to provide the necessary reactive power compensation, aligning with the prevailing voltage demands.
Global Shunt Reactor Market Report Segmentation
This report forecasts revenue growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global shunt reactor market report based on type, phase, application, and region.
- Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Oil-Immersed Insulator
- Air-Core Insulator
- Phase Outlook (Revenue, USD Billion, 2018 - 2030)
- Single Phase
- Three Phase
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Variable Shunt Reactor
- Fixed Shunt Reactor
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Spain
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
- Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Shunt Reactor Market Outlook
- 3.2. Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.6. Porter’s Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
- Chapter 4. Shunt Reactor Market: Type Estimates & Trend Analysis
- 4.1. Shunt Reactor Market: Type Movement Analysis, 2023 & 2030
- 4.2. Oil-Immersed Insulator
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Air-Core Insulator
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- Chapter 5. Shunt Reactor Market: Phase Estimates & Trend Analysis
- 5.1. Shunt Reactor Market: Phase Movement Analysis, 2023 & 2030
- 5.2. Single Phase
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Three Phase
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- Chapter 6. Shunt Reactor Market: Application Estimates & Trend Analysis
- 6.1. Shunt Reactor Market: Application Movement Analysis, 2023 & 2030
- 6.2. Variable Shunt Reactor
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. Fixed Shunt Reactor
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- Chapter 7. Shunt Reactor Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.2.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.2.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.2.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.2.5.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.2.5.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.2.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.2.6.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.2.6.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.2.7. Mexico
- 7.2.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.2.7.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.2.7.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.2.7.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.3.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.3.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.3.5.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.3.5.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.3.6. UK
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.3.6.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.3.6.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.3.7. Spain
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.7.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.3.7.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.3.7.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.3.8. France
- 7.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.8.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.3.8.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.3.8.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.3.9. Italy
- 7.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.9.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.3.9.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.3.9.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.4.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.4.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.4.5. China
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.4.5.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.4.5.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.4.6.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.4.6.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.7.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.4.7.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.4.7.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4.8.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.4.8.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.4.8.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.5.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.5.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.5.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.5.6. Argentina
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.5.6.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.5.6.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.6.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.6.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.5.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.6.5.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.6.5.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.6.6. UAE
- 7.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.6.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.6.6.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.6.6.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- 7.6.7. South Africa
- 7.6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6.7.2. Market estimates and forecasts, by type, 2018 - 2030 (USD Billion)
- 7.6.7.3. Market estimates and forecasts, by phase, 2018 - 2030 (USD Billion)
- 7.6.7.4. Market estimates and forecasts, by application, 2018 - 2030 (USD Billion)
- Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Heat Map Analysis
- 8.4. Vendor Landscape
- 8.4.1. List of Raw Material Suppliers
- 8.4.2. List of Distributors
- 8.4.3. List of Other Prominent Manufacturers
- 8.5. List of Prospective End-Users
- 8.6. Strategy Mapping
- 8.7. Company Profiles/Listing
- 8.7.1. ABB
- 8.7.1.1. Company Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.2. Nissin Electric
- 8.7.2.1. Company Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.3. Siemens
- 8.7.3.1. Company Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.4. Toshiba
- 8.7.4.1. Company Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.5. Fuji Electric
- 8.7.5.1. Company Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.6. Crompton Greaves
- 8.7.6.1. Company Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.7. Mitsubishi Electric
- 8.7.7.1. Company Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.8. Hilkar
- 8.7.8.1. Company Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.9. Trench Group
- 8.7.9.1. Company Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.10. General Electric
- 8.7.10.1. Company Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.11. TBEA
- 8.7.11.1. Company Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.12. Hitachi Energy
- 8.7.12.1. Company Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Product Benchmarking
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