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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1510439

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1510439

North America Oil Immersed Shunt Reactor Market Size - By Phase (Single Phase, Three Phase), By Product (Fixed Shunt Reactor, Variable Shunt Reactor), By End Use (Electric Utility, Renewable Energy) & Forecast, 2024 - 2032

PAGES: 110 Pages
DELIVERY TIME: 2-3 business days
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North America oil immersed shunt reactor market size is expected to record 6.2% CAGR between 2024 and 2032. The increase in electricity demand, especially in the industrial and commercial sectors, is necessitating the expansion and modernization of the electricity transmission and distribution infrastructure. For instance, in November 2023, FirstEnergy Corp. subsidiary Jersey Central Power and Light unveiled an infrastructure improvement program to enhance its local electric system and prepare for a smart electric grid, anticipating future needs and advancements.

Oil-immersed shunt reactors help in improving the efficiency and stability of power grids by compensating reactive power and voltage fluctuations, thus supporting a reliable power supply. They also help maintain voltage levels and improve power quality, supporting the integration of renewable energy into the grid. The shift towards renewable energy sources has also led to challenges in grid stability due to their intermittent nature, adding to the market growth.

The North America oil immersed shunt reactor industry is segmented into phase, product, end-use and country.

Based on end use, the market size from the renewable energy segment is expected to witness substantial growth through 2032, due to the rising focus on decarbonization efforts. As the demand for clean energy is continuing to grow, renewable energy generation technologies, such as wind and solar are increasingly being used. Oil-immersed shunt reactors help in improving voltage stability and ensuring grid resistance, facilitating the integration of renewable energy into the power grid.

North America oil immersed shunt reactor market from the variable shunt reactors product segment is slated to generate notable revenue between 2024 and 2032, backed by its capability to provide dynamic reactive power compensation in electrical grids. As the demand for electricity continues to increase, especially in cities and industrial sectors, it is important to maintain stability. Different shunt reactors can easily adjust the reactive power load based on different load conditions, voltage levels and grid problems, adding to the segment expansion.

Canada oil immersed shunt reactor industry will generate lucrative growth during the forecast period. The rising energy goals, along with increased investments in renewable energy projects like hydro, wind and solar power, have increased the demand for grid stabilization solutions. such as oil-immersed shunt reactors. Moreover, the geographic area and diverse landscapes of the country are presenting unique challenges in delivering and building an advanced grid infrastructure to secure electric power in remote and urban areas.

Product Code: 8784

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculation
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
      • Paid
      • Public

Chapter 2 Industry Insights

  • 2.1 Industry ecosystem analysis
    • 2.1.1 Vendor matrix
  • 2.2 Regulatory landscape
  • 2.3 Industry impact forces
    • 2.3.1 Growth drivers
    • 2.3.2 Industry pitfalls & challenges
  • 2.4 Growth potential analysis
  • 2.5 Porter's analysis
    • 2.5.1 Bargaining power of suppliers
    • 2.5.2 Bargaining power of buyers
    • 2.5.3 Threat of new entrants
    • 2.5.4 Threat of substitutes
  • 2.6 PESTEL analysis

Chapter 3 Competitive landscape, 2023

  • 3.1 Strategic dashboard
  • 3.2 Innovation & sustainability landscape

Chapter 4 Market Size and Forecast, By Phase, 2019 - 2032 (USD Million)

  • 4.1 Key trends
  • 4.2 Single phase
  • 4.3 Three phase

Chapter 5 Market Size and Forecast, By Product, 2019 - 2032 (USD Million)

  • 5.1 Key trends
  • 5.2 Fixed shunt reactor
  • 5.3 Variable shunt reactor

Chapter 6 Market Size and Forecast, By End Use, 2019 - 2032 (USD Million)

  • 6.1 Key trends
  • 6.2 Electric utility
  • 6.3 Renewable energy

Chapter 7 Market Size and Forecast, By Country, 2019 - 2032 (USD Million)

  • 7.1 Key trends
  • 7.2 U.S.
  • 7.3 Canada

Chapter 8 Company Profiles

  • 8.1 Alstom
  • 8.2 CHINT Group
  • 8.3 Elgin Power Solutions
  • 8.4 Fuji Electric Co., Ltd.
  • 8.5 General Electric
  • 8.6 Hyosung Heavy Industries
  • 8.7 Hitachi Energy Ltd.
  • 8.8 JSHP Transformer
  • 8.10 Nissin Electric Co., Ltd.
  • 8.11 SGB SMIT
  • 8.12 Siemens Energy
  • 8.13 Shrihans Electricals Pvt. Ltd.
  • 8.14 Toshiba Corporation
  • 8.15 WEG
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Jeroen Van Heghe

Manager - EMEA



Christine Sirois

Manager - Americas


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