Discover trends, market shifts, and competitive outlooks for the shunt reactor industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Has The Shunt Reactor Market Size Shifted, And What Is the Outlook Through 2034?

The market size of the shunt reactor has seen a notable surge in the past couple of years. The value of this market is projected to escalate from $2.98 billion in 2024 to $3.18 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. The upward trend during the historical phase can be linked to factors such as the escalating requirement for electricity, growth in renewable energy ventures, rises in urbanization and industrialization, the aging of power infrastructure, and a growing demand for voltage stability.

The forecast for the shunt reactor market size suggests a robust growth in the coming years, with expectations to reach a value of $4.09 billion in 2029, advancing at a compound annual growth rate (CAGR) of 6.5%. Multiple factors driving this forecasted growth include the rise in renewable energy integration, the proliferation of electric vehicle infrastructure, an emphasis on energy storage systems, governmental funding in infrastructure, and increased demand for decentralized power generation. Key trends anticipated throughout this period include a heightened focus on sustainability and reducing emissions, developments in the area of transformer-less technology, growing investments in energy storage, the application of sophisticated monitoring and diagnostics and a surge in grid automation and digital solutions.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=19186&type=smp

What Are the Core Market Drivers Propelling Growth in the Shunt Reactor Industry?

The growth of the shunt reactor market is projected to surge in response to the increasing power generation capacity. Power generation capacity signifies the peak volume of electrical power that a generation plant or unit can yield under specified conditions. This rise in power generation capacity is driven by escalating global electricity demand, the rapid proliferation of renewable energy resources, substantial government funding in contemporary energy infrastructure, and power generation technological advancements. Shunt reactors play a critical role in bolstering the escalating power generation capacity by enhancing voltage stability, reducing transmission losses, and fine-tuning grid performance, particularly in high-voltage networks. They are instrumental in regulating the variable power flow arising from expanding renewable energy sources, bolstering energy efficiency, and guaranteeing dependable power transport over extensive distances. For example, as per the Department of Climate Change, Energy, the Environment, and Water, a government department based in Australia, the total electricity generation in Australia in 2022 was estimated to be 273,265 gigawatt hours (GWh), marking a 2% rise compared to 2021. Hence, the swelling power generation capacity is triggering the expansion of the shunt reactor market.

How Is the Shunt Reactor Market Segmented?

The shunt reactormarket covered in this report is segmented –

1) By Type Of Product: Oil-Immersed Reactor, Air Core Dry Reactor

2) By Phase: Single Phase, Three Phase

3) By Rated Voltage: Less Than 200kV, 200kV-400kV, Above 400kV

4) By Application: Fixed Reactor, Variable Reactor

5) By End-User: Electric Utilities, Renewable Energy, Other End Users

Subsegments:

1) By Oil-Immersed Reactor: Single-Phase Oil-Immersed Reactor, Three-Phase Oil-Immersed Reactor, Fixed Oil-Immersed Reactor, Variable Oil-Immersed Reactor

2) By Air Core Dry Reactor: Fixed Air Core Dry Reactor, Variable Air Core Dry Reactor, Single-Phase Air Core Dry Reactor, Three-Phase Air Core Dry Reactor

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=19186&type=smp

Which Regions Are Driving the Next Phase of the Shunt Reactor Market Growth?

Asia-Pacific was the largest region in the shunt reactor market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the shunt reactor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Technological Trends Are Reshaping the Shunt Reactor Industry Dynamics?

Top corporations in the shunt reactor market are strategically aligning themselves to improve and strengthen grid stability and capacity. These strategic alliances are intended to boost product advancement, broaden market penetration, and increase technology assimilation in power transmission and grid stability solutions. For example, in September 2023, Switzerland’s Hitachi Energy Ltd. collaborated with TenneT Holding BV, a transmission system operator company from the Netherlands. Their combined focus is to supply superior power transformers and shunt reactors to revamp and reinforce the stability and capacity of the transmission grid. The objective of this partnership is to facilitate the incorporation of renewable energies, heighten grid toughness, and guarantee a sustainable power supply for Germany and the Netherlands.

View the full report here:

https://www.thebusinessresearchcompany.com/report/shunt-reactor-global-market-report

How Is the Shunt Reactor Market Defined and What Are Its Core Parameters?

A shunt reactor is an electrical device used in power systems to absorb excess reactive power and regulate voltage levels in high-voltage transmission lines. It helps maintain grid stability by preventing overvoltage, especially in long-distance power transmission. By consuming reactive power, shunt reactors enhance energy efficiency and reduce transmission losses.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19186

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model