PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625438
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625438
The global shunt reactor circuit market size is expected to reach USD 5,269.59 million by 2034, according to a new study by Polaris Market Research. The report "Shunt Reactor Circuit Market Size, Share, Trends, Industry Analysis Report: By Type, Application, End Use (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The shunt reactor circuit market growth is attributed to the increasing demand for efficient power transmission and distribution systems. Key drivers include the expansion of power grids, particularly in emerging economies, and the growing focus on reducing transmission losses and maintaining voltage stability. Technological advancements in reactor design and increasing investments in renewable energy integration, which necessitate the use of shunt reactors to manage voltage fluctuations, are expected to offer lucrative opportunities for the market during the forecast period. Future trends highlight a shift toward smart grid technologies and the adoption of compact, high-efficiency reactor designs.
By type, the oil-immersed segment dominates the market in 2024, due to its superior cooling and insulation properties, making it ideal for high-voltage applications. However, the air-core segment is gaining traction for its reduced maintenance requirements and compact design.
The electrical utilities segment, by application, holds a larger share of the market, driven by the extensive use of shunt reactors for voltage control in power grids. In contrast, the industrial verticals segment is witnessing a higher growth rate due to increased industrialization and rising demand for reliable power solutions.
Asia Pacific is the dominating and highest-growing region, propelled by rapid industrialization and substantial investments in power infrastructure. North America follows closely, with steady growth driven by the modernization of aging grid infrastructure and increased adoption of smart grid technologies.
A few global key market players include ABB Ltd.; Siemens AG; General Electric; Schneider Electric; Mitsubishi Electric Corporation; Toshiba Corporation; Fuji Electric Co., Ltd.; Hyosung Heavy Industries; Nissin Electric Co., Ltd.; CG Power and Industrial Solutions Limited; Takaoka Toko Co., Ltd.; Trench Group; Alstom SA; Hyundai Electric & Energy Systems Co., Ltd.; and Crompton Greaves Limited.
Polaris Market Research has segmented the shunt reactor circuit market report on the basis of type, application, and region.
Table 1 Global Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 2 Global Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 3 Global Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 4 North America: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 5 North America: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 6 North America: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 7 US: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 8 US: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 9 US: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 10 Canada: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 11 Canada: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 12 Canada: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 13 Europe: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 14 Europe: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 15 Europe: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 16 UK: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 17 UK: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 18 UK: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 19 France: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 20 France: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 21 France: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 22 Germany: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 23 Germany: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 24 Germany: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 25 Italy: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 26 Italy: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 27 Italy: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 28 Spain: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 29 Spain: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 30 Spain: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 31 Netherlands: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 32 Netherlands: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 33 Netherlands: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 34 Russia: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 35 Russia: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 36 Russia: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 37 Rest of Europe: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 38 Rest of Europe: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 39 Rest of Europe: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 40 Asia Pacific: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 41 Asia Pacific: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 42 Asia Pacific: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 43 China: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 44 China: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 45 China: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 46 India: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 47 India: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 48 India: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 49 Malaysia: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 50 Malaysia: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 51 Malaysia: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 52 Japan: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 53 Japan: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 54 Japan: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 55 Indonesia: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 56 Indonesia: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 57 Indonesia: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 58 South Korea: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 59 South Korea: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 60 South Korea: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 61 Australia: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 62 Australia: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 63 Australia: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 64 Rest of Asia Pacific: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 65 Rest of Asia Pacific: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 66 Rest of Asia Pacific: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 67 Middle East & Africa: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 68 Middle East & Africa: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 69 Middle East & Africa: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 70 Saudi Arabia: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 71 Saudi Arabia: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 72 Saudi Arabia: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 73 UAE: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 74 UAE: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 75 UAE: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 76 Israel: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 77 Israel: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 78 Israel: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 79 South Africa: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 80 South Africa: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 81 South Africa: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 82 Rest of Middle East & Africa: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 83 Rest of Middle East & Africa: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 84 Rest of Middle East & Africa: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 85 Latin America: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 86 Latin America: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 87 Latin America: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 88 Mexico: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 89 Mexico: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 90 Mexico: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 91 Brazil: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 92 Brazil: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 93 Brazil: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 94 Argentina: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 95 Argentina: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 96 Argentina: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
Table 97 Rest of Latin America: Shunt Reactor Circuit Market, by Type, 2020-2034 (USD Million)
Table 98 Rest of Latin America: Shunt Reactor Circuit Market, by Application, 2020-2034 (USD Million)
Table 99 Rest of Latin America: Shunt Reactor Circuit Market, by End Use, 2020-2034 (USD Million)
List of Figures:
Figure 1. Global Shunt Reactor Circuit Market, 2020-2034 (USD Million)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Type
Figure 7. Global Shunt Reactor Circuit Market, by Type, 2024 & 2034 (USD Million)
Figure 8. Market by Application
Figure 9. Global Shunt Reactor Circuit Market, by Application, 2024 & 2034 (USD Million)
Figure 10. Market by End Use
Figure 11. Global Shunt Reactor Circuit Market, by End Use, 2024 & 2034 (USD Million)