PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1819845
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1819845
Air Core Shunt Reactor Market Introduction and Overview
According to SPER market research, 'Global Air Core Shunt Reactor Market Size- By Phase, By Product, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Air Core Shunt Reactor Market is predicted to reach 1783.75 million by 2034 with a CAGR of 7.65%.
In high-voltage power systems, an electrical device known as an air core shunt reactor is primarily used to absorb reactive power and regulate voltage levels. Unlike traditional oil-immersed reactors, air core shunt reactors do not use magnetic cores made of laminated steel. Instead, they are held up by non-magnetic structures and are made up of helical or spiral windings of insulated conductors with air acting as the core medium.
Restraints: The global market for air core shunt reactors is hampered by several major factors. The costly initial installation cost, which includes expenses for site preparation, system commissioning, and procurement, is one major obstacle. In places with limited money, this can be very troublesome. These systems require complex and specialized maintenance, which drives up operational costs, particularly in locations with little technical expertise.
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, By End User
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric, SGB SMIT.
Global Air Core Shunt Reactor Market Segmentation:
By Phase: Based on the Phase, Global Air Core Shunt Reactor Market is segmented as; Single Phase, Three Phase.
By Product: Based on the Product, Global Air Core Shunt Reactor Market is segmented as; Fixed Shunt Reactor, Variable Shunt Reactor.
By End User: Based on the End User, Global Air Core Shunt Reactor Market is segmented as; Electric Utility, Renewable Energy.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.