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PUBLISHER: Grand View Research | PRODUCT CODE: 1554173
PUBLISHER: Grand View Research | PRODUCT CODE: 1554173
Shunt Reactor Circuit Market Size, Share & Trends Analysis Report By Type (Oil-immersed, Air-core), By Application (Variable, Fixed), By End-use (Electric Utilities, Industrial Vertical), By Region, And Segment Forecasts, 2024 - 2030
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Shunt Reactor Circuit Market Size & Trends:
The global shunt reactor circuit market size was estimated at USD 2.52 billion in 2023 and expected to grow at a CAGR of 6.63% from 2024 to 2030. Growing renewable energy adoption globally to meet the rising demand from developing countries due to the increased urbanization of rural regions is driving the demand for shunt reactor circuit in the market.
The global shift toward renewable energy sources is driving the demand for shunt reactors, particularly in the integration of wind and solar power plants into the grid. For instance, the European Union's aggressive renewable energy targets, including its plan to achieve 45% of energy from renewables by 2030, are pushing utilities to upgrade their grid infrastructure to accommodate renewable sources. Shunt reactors are crucial in managing the reactive power generated by these renewable sources, helping stabilize voltage levels across the grid. As countries continue to ramp up their renewable energy projects, such as India's target to reach 450 GW of renewable energy by 2030, the trend toward increased shunt reactor usage is expected to accelerate, solidifying their role in modern energy systems.
Global Shunt Reactor Circuit Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented global shunt reactor circuit market report on the basis of type, application, end-use, and region:
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Oil-immersed
- Air-core
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Variable
- Fixed
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Electric Utilities
- Industrial Vertical
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
Product Code: GVR-4-68040-425-9
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Projects & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Shunt Reactor Circuit Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospects Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Framework
- 3.5. Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.5.1. Key Factors Influencing Pricing
- 3.6. Regulatory Framework
- 3.6.1. Standards & Compliances
- 3.6.2. Regulatory Impact Analysis
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Market Challenges Analysis
- 3.7.4. Market Opportunity Analysis
- 3.8. Business Environment Analysis
- 3.8.1. Industry analysis - porter's five forces analysis
- 3.8.2. Industry analysis - Pestle analysis
Chapter 4. Shunt Reactor Circuit Market: Type estimates & trend analysis
- 4.1. Movement analysis & market share, 2023 & 2030
- 4.2. Oil-immersed
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Air-core
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Shunt Reactor Circuit Market: Application estimates & trend analysis
- 5.1. Movement analysis & market share, 2023 & 2030
- 5.2. Variable
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Fixed
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Shunt Reactor Circuit Market: End Use estimates & trend analysis
- 6.1. Movement analysis & market share, 2023 & 2030
- 6.2. Electric Utilities
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Industrial Vertical
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Shunt Reactor Circuit Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.3.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.3.5. U.S.
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.5.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.3.6. Canada
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.6.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.3.7. Mexico
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.7.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4. Europe
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.5. UK
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.5.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.6. Germany
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.6.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.7. France
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.7.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.8. Italy
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.4.8.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.8.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.9. Spain
- 7.4.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.9.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.4.9.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.9.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.5. China
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.5.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.5.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.6. India
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.5.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.6.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.7. Japan
- 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.7.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.5.7.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.7.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.8. Australia
- 7.5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.8.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.5.8.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.8.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.9. South Korea
- 7.5.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.9.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.5.9.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.9.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.5. Brazil
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6.5.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.6. Argentina
- 7.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.6.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6.6.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.7.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.7.5. South Africa
- 7.7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.5.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.7.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.5.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.7.6. Saudi Arabia
- 7.7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.6.2. Market estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- 7.7.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.6.4. Market estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Key Players & Recent Developments & Their Impact on the Industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 8.3. List of key Component Suppliers and Channel Partners
- 8.4. Company Market Share & Position Analysis, 2023
- 8.5. Company Heat Map Analysis
- 8.6. Competitive Dashboard Analysis
- 8.7. Strategy Mapping
- 8.7.1. Expansion
- 8.7.2. Collaboration/ Partnerships/ Agreements
- 8.7.3. New End Use launches
- 8.7.4. Mergers & Acquisitions
- 8.7.5. Research & Development
- 8.7.6. Others
- 8.8. Company Listing / Profiles
- 8.8.1. Nissin Electric Co Ltd
- 8.8.1.1. Company Overview
- 8.8.1.2. Financial Performance
- 8.8.1.3. Product Benchmarking
- 8.8.2. ABB India Pvt Ltd
- 8.8.3. Mitsubishi Corporation
- 8.8.4. Fuji Electric
- 8.8.5. HD Hyundai Heavy Industries Co., Ltd.
- 8.8.6. TBEA
- 8.8.7. Hilkar
- 8.8.8. Toshiba Corporation
- 8.8.9. Siemens AG
- 8.8.10. GE Grid Solution
- 8.8.1. Nissin Electric Co Ltd
Product Code: GVR-4-68040-425-9
List of Tables
- Table 1. Shunt Reactor Circuit Market Volume estimates and forecasts, by Type, 2018 - 2030 (USD Million)
- Table 2. Shunt Reactor Circuit Market Volume estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- Table 3. Shunt Reactor Circuit Market Volume estimates and forecasts, by End Use, 2018 - 2030 (USD Million)
- Table 4. Shunt Reactor Circuit Market Volume estimates and forecasts, by Region, 2018 - 2030 (USD Million)
- Table 5. Recent Developments & Impact Analysis, by Key Market Participants
List of Figures
- Fig. 1 Information procurement
- Fig. 2 Primary research pattern
- Fig. 3 Primary Research Process
- Fig. 4 Market research approaches - Bottom-Up Approach
- Fig. 5 Market research approaches - Top-Down Approach
- Fig. 6 Market research approaches - Combined Approach
- Fig. 7 Shunt Reactor Circuit Market- Market Snapshot
- Fig. 8 Shunt Reactor Circuit Market- Segment Snapshot (1/2)
- Fig. 9 Shunt Reactor Circuit Market- Segment Snapshot (2/2)
- Fig. 10 Shunt Reactor Circuit Market- Competitive Landscape Snapshot
- Fig. 11 Shunt Reactor Circuit Market: Value Chain Analysis
- Fig. 12 Shunt Reactor Circuit Market: Porter's Five Force Analysis
- Fig. 13 Shunt Reactor Circuit Market: PESTLE Analysis
- Fig. 14 Shunt Reactor Circuit Market, by Type: Key takeaways
- Fig. 15 Shunt Reactor Circuit Market: Type Movement Analysis, 2023 & 2030 (USD Million)
- Fig. 16 Oil-immersed Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 17 Air-core Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Shunt Reactor Circuit Market, by Application: Key takeaways
- Fig. 19 Shunt Reactor Circuit Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- Fig. 20 Variable Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Fixed Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Shunt Reactor Circuit Market, by End Use: Key takeaways
- Fig. 23 Shunt Reactor Circuit Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
- Fig. 24 Electric Utilities Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 25. Industrial Vertical Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 U.S. Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Canada Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Mexico Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Europe Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 30 Germany Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 31 UK Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 32 Italy Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 33 Spain Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 34 France Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 35 Asia Pacific Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 36 China Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 37 India Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 38 Japan Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 39 South Korea Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Australia Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 41 Central & South America Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 42 Brazil Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 43 Argentina Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Middle East & Africa Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 45 Saudi Arabia Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 46 South Africa Shunt Reactor Circuit Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 47 Shunt Reactor Circuit Market: Competitive Dashboard Analysis
- Fig. 48 Shunt Reactor Circuit Market: Market Share Analysis, 2023
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