PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1770807
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1770807
Global Oil Immersed Shunt Reactor Market Introduction and Overview
According to SPER market research, 'Global Oil Immersed Shunt Reactor Market Size- By Phase, By Product - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Oil Immersed Shunt Reactor Market is predicted to reach 22.89 billion by 2034 with a CAGR of 8.2%.
In power transmission networks, an oil-immersed shunt reactor is an electrical component that absorbs excess reactive power and maintains voltage stability, especially when there is little load. Its insulating oil fills it, cooling and insulating the internal components to improve performance and longevity.
Restraints: Considering its promising growth, the market for oil-immersed shunt reactors is constrained by several constraints. High upfront costs for production, installation, and maintenance may deter adoption, especially in developing countries. These reactors also require space and careful planning to incorporate into existing grid systems, which may pose logistical and operational challenges.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Phase, By Product
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
CG Power & Industrial Solutions, Fuji Electric, GBE, GE, GETRA, Hitachi Energy, Hyosung Heavy Industries, Nissin Electric, SGB SMIT, Shrihans Electricals.
Global Oil Immersed Shunt Reactor Market Segmentation:
By Phase: Based on the Phase, Global Oil Immersed Shunt Reactor Market is segmented as; Single phase, Three phase.
By Product: Based on the Product, Global Oil Immersed Shunt Reactor Market is segmented as; Fixed shunt reactor, Variable shunt reactor.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.