PUBLISHER: The Business Research Company | PRODUCT CODE: 1717306
PUBLISHER: The Business Research Company | PRODUCT CODE: 1717306
A shunt reactor circuit is an electrical device used in power systems to absorb reactive power and stabilize voltage levels. It consists of an inductor connected in parallel with the power line to compensate for the capacitive reactance of long transmission lines. By absorbing excess reactive power, the shunt reactor helps maintain voltage stability and enhances the efficiency of power transmission.
The main types of shunt reactor circuits are oil-immersed and air-core. Oil-immersed shunt reactors feature a core immersed in insulating oil, which provides both insulation and cooling. These reactors are used in various applications, including both variable and fixed configurations, and are employed by electric utilities and industrial sectors.
The shunt reactor circuit market research report is one of a series of new reports from The Business Research Company that provides shunt reactor circuit market statistics, including shunt reactor circuit industry global market size, regional shares, competitors with a shunt reactor circuit market share, detailed shunt reactor circuit market segments, market trends and opportunities, and any further data you may need to thrive in the shunt reactor circuit industry. This shunt reactor circuit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The shunt reactor circuit market size has grown strongly in recent years. It will grow from $2.45 billion in 2024 to $2.64 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing power quality concerns, rapid urbanization, growth of data centers, growing use of electric vehicles, expanding electrification projects, and expansion of nuclear power plants.
The shunt reactor circuit market size is expected to see strong growth in the next few years. It will grow to $3.48 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to a focus on reducing energy loss in power transmission, growing focus on grid reliability, expansion of electricity access to remote and rural areas, government policies supporting energy infrastructure development, and increasing industrial automation. Major trends in the forecast period include digitalization in power systems, artificial intelligence (AI) in grid management, green and sustainable energy solutions, microgrids, and the adoption of IOT-enabled shunt reactors.
The increasing adoption of renewable energy is projected to boost the growth of the shunt reactor circuit market. Renewable energy, derived from continually replenished natural sources such as sunlight and wind, offers a sustainable method of power generation. This rise in renewable energy adoption is driven by growing environmental concerns, the need for sustainable solutions, and government incentives aimed at reducing greenhouse gas emissions. In renewable energy systems, shunt reactor circuits play a crucial role in stabilizing voltage levels and managing reactive power in long transmission lines, which helps integrate renewable energy sources into the grid effectively and reliably. For example, in March 2024, the European Environment Agency reported that in 2022, 23% of the energy consumed in the European Union was from renewable sources, up from 21.9% in 2021. This increase in renewable energy use is driving demand for shunt reactor circuits.
Leading companies in the shunt reactor circuit market are focusing on deploying variable shunt reactors to improve the stability and efficiency of power grids by managing reactive power and voltage levels dynamically. Variable shunt reactors are sophisticated electrical devices designed to adjust reactive power compensation in real-time, which enhances grid stability and efficiency. For instance, in April 2022, Adani Electricity Ltd., an Indian electric utility company, installed a 220 kV variable shunt reactor at their Gorai substation in Mumbai. This installation highlights Adani Electricity's commitment to advancing infrastructure and optimizing grid operations to meet increasing energy demands and ensure reliable service delivery, thus improving the overall performance and reliability of the electrical network.
In April 2024, Triton Partners, a UK-based investment management firm, acquired Trench Group for an undisclosed sum. This acquisition aims to strengthen Triton's position in the high-voltage grid components market and leverage Trench Group's expertise to benefit from the global energy transition. Trench Group, based in Germany, specializes in high-voltage grid components, including air core shunt reactors, bushings, and instrument transformers.
Major companies operating in the shunt reactor circuit market are Hitachi Energy Ltd., Siemens AG, General Electric Company, Mitsubishi Electric Corporation, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Alstom SA, Fuji Electric Co. Ltd., WEG Industries, Bharat Heavy Electricals Limited (BHEL), Hyosung Heavy Industries, HD Hyundai Electric Co. Ltd., Nissin Electric Co. Ltd., S&C Electric Company Inc., TRENCH Group, Crompton Greaves Consumer Electricals Ltd., Entes Elektronik Cihazlar Imalat ve Ticaret A.S., Sachsisch-Bayerische Starkstrom-Geratebau GmbH., GBE SpA, (TMC )Transformers Manufacturing, Chess Controls Inc, Hilkar, Shrihans Electricals Pvt. Ltd., GETRA S.p.A.
Asia-Pacific was the largest region in the shunt reactor circuit market in 2024. The regions covered in the shunt reactor circuit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the shunt reactor circuit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The shunt reactor circuit market consists of sales of dry-type shunt reactors, air-core shunt reactors, variable shunt reactors, and high-voltage shunt reactors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Shunt Reactor Circuit Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on shunt reactor circuit market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for shunt reactor circuit ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The shunt reactor circuit market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.