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Shunt Reactor Market: Enhancing Grid Stability & Power Transmission

The shunt reactor is the same as the power transformer but it has only one winding per phase as compared to the power transformer. Shunt reactors are used to increase the power and energy system efficiency as it absorbs & compensates the reactive power in cables and long high voltage transmission lines.

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Shunt Reactor Market: Enhancing Grid Stability & Power Transmission

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  1. Shunt Reactor Market: Key Investments Driving Power Grid Efficiency Published by: Akash, Marketing Head

  2. Market Size & Overview: The global shunt reactor market is projected to reach approximately USD 4.11 billion by 2030, growing at a CAGR of 4.5% during the forecast period. Shunt reactors are essential components in power systems, enhancing efficiency by absorbing reactive power in high-voltage transmission lines and cables. Their role is pivotal in stabilizing voltage levels and minimizing transmission losses.

  3. Market Growth & Opportunities The increasing global energy demand, driven by industrialization and urbanization, is a significant factor propelling the shunt reactor market. Governments and power companies are investing heavily in modernizing power infrastructure to ensure a reliable electricity supply. Additionally, the shift towards renewable energy sources and the rising adoption of electric vehicles present lucrative opportunities for market expansion, as these trends necessitate advanced power management solutions. Sample Request

  4. Market Segmentation by End use • Electric utilities • Industrial Verticals by Application • Less than 200 kV • 200kV-400kV • Above 400kV by Type of Product • Oil-Immersed Reactor • Air Core Dry Reactor by Form Factor • Fixed Shunt Reactor • Variable Shunt Reactor

  5. Regional Analysis: • North America: The region is focusing on upgrading its aging power infrastructure, leading to increased adoption of shunt reactors to enhance grid reliability and efficiency. • Europe: With a strong emphasis on integrating renewable energy sources, European countries are investing in advanced power systems, boosting the demand for shunt reactors to manage reactive power and stabilize grids. • Asia-Pacific (APAC): APAC is experiencing rapid industrial growth and urbanization, resulting in a surge in electricity consumption. Countries like China and India are expanding their power transmission networks, creating a substantial market for shunt reactors.

  6. Regional Analysis Customized Report Request

  7. Merges and Acquisition • Zaporozhtransformator PJSC and Tokmak Solar Energy Ltd.: Zaporozhtransformator PJSC entered into an agreement with Tokmak Solar Energy Ltd. to supply its transformer, TRDN-32000/150-Y1. • Siemens AG and Semco Maritime: Siemens AG secured an order from Semco Maritime to provide key electrical equipment, including three shunt reactors, for the electrical service platform at the 1.6-GW Mayflower Wind offshore wind farm project. • General Electric's Acquisition of Alstom's Power and Grid Business: General Electric completed the acquisition of Alstom's power and grid business, enhancing its capabilities in power generation and grid management solutions. Buy This Report

  8. Thank You Get In Touch with US: MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT park Phase 2, Pune Banglore Highway, Narhe Pune, Maharashtra 411041, India. +91 9607365656 sales@maximizemarketresearch.com

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