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

North America fixed shunt reactor market size is anticipated to register a 6.2% CAGR between 2024 and 2032. Fixed shunt reactors help in enhancing the efficiency and stability of electrical power transmission and distribution networks. With the growing emphasis on improving grid reliability and reducing transmission losses in the region, utilities and grid operators are increasingly investing in reactive power compensation solutions.

Stringent regulatory requirements and environmental policies are also encouraging the adoption of energy-efficient technologies and grid modernization initiatives. For instance, in April 2024,

Canadian technology company Tantalus Systems announced two grid modernization initiatives in three U.S. states. Rising preference for fixed shunt reactors to aid in optimizing power flow, minimizing energy consumption, and supporting the integration of renewable energy into the grid will also add to the product demand.

The overall industry is divided into phase, insulation, end-user, and country.

Based on phase, the North America fixed shunt reactor market from the single-phase segment will witness significant CAGR through 2032 due to its specific applications in residential and small commercial electrical systems. Single-phase fixed shunt reactors are essential for improving power factor correction and voltage regulation in single-phase power networks, where fluctuations and inefficiencies can occur.

North America fixed shunt reactor industry size from the renewable energy end-use segment is anticipated to generate notable revenue during 2024-2032. This is owing to the robust requirement for supporting the integration of intermittent renewable sources like wind and solar power into the electrical grid. Fixed shunt reactors help in reactive power compensation, which is essential for maintaining voltage stability and grid reliability amidst the variability of renewable energy generation.

Canada fixed shunt reactor industry will record a decent growth rate through 2032. The expansive geography and diverse climate conditions necessitate a robust electrical grid capable of managing varying demands while integrating renewable energy sources effectively. Fixed shunt reactors are further used widely in the country to help in enhancing grid stability, particularly in remote and northern regions, where transmission distances are long and electricity demand can fluctuate significantly.