Product Code: GVR-4-68040-393-8
Shunt Reactor Market Summary
The global shunt reactor market size was estimated at USD 2.82 billion in 2024, and is projected to reach USD 4.05 billion by 2030, growing at a CAGR of 6.3% from 2025 to 2030. This growth is driven by rising demand across various applications, particularly in power transmission and distribution systems.
The surge is supported by increasing global electricity consumption, fueled by industrialization, urbanization, and infrastructure development. As the adoption of renewable energy sources, such as solar and wind power, increases, their inherently variable nature introduces volatility into the system. Shunt reactors are essential for maintaining grid stability and ensuring a reliable power supply by managing voltage fluctuations. In high-voltage transmission networks, they play a key role in voltage regulation under varying load conditions. These reactors are strategically engaged and disengaged to provide necessary reactive power compensation, in alignment with the prevailing voltage demands.
Environmental considerations and strict government regulations promoting energy efficiency are driving the adoption of shunt reactors in power networks. A growing emphasis on reducing carbon emissions and enhancing grid reliability is prompting utilities to embrace supportive technologies. In 2023, the Australian government emphasized the importance of integrating renewable energy sources into the grid without compromising environmental integrity, as outlined by the Environment Protection and Biodiversity Conservation Act. This legislation ensures that new energy initiatives, including those involving shunt reactors, meet stringent environmental criteria, fostering technology adoption for improved grid stability and efficiency.
Advancements in grid infrastructure and integrating renewable energy sources are expected to drive market expansion. As renewable energy generation grows, reactive power compensation becomes essential for maintaining voltage levels and ensuring system stability. The U.S. EPA has also underscored the role of advanced technologies in enhancing grid resilience and reliability, which is crucial as more intermittent renewable energy sources, such as wind and solar, are incorporated into the energy mix.
Rising demand for grid stability and reliability, as well as the increase in the adoption of electric vehicle (EV), are anticipated to propel the growth of the shunt reactor industry. The growing number of EVs places added pressure on power grids, especially with increased charging needs, highlighting the importance of maintaining voltage stability. Shunt reactors are critical in regulating voltage and mitigating overvoltage issues, ensuring smooth grid operations. With grids becoming more complex and EVs expanding, the demand for efficient power distribution solutions, including shunt reactors, is expected to rise.
Global Shunt Reactor 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 the purpose of this study, Grand View Research has segmented the global shunt reactor market report based on type, phase, application, and region:
- Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Oil-Immersed Shunt Reactor
- Air-Core Shunt Reactor
- Phase Outlook (Revenue, USD Billion, 2018 - 2030)
- Single Phase
- Three Phase
- Application Outlook (Revenue, USD Billion, 2018 - 2030)
- Fixed
- Variable
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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 Sources & 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
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Shunt Reactor Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Shunt Reactor Market: Type Estimates & Trend Analysis
- 4.1. Type Segment Dashboard
- 4.2. Shunt Reactor Market: Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. Oil-Immersed Shunt Reactor
- 4.3.1. Oil-Immersed Shunt Reactor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Air-Core Shunt Reactor
- 4.4.1. Air-Core Shunt Reactor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Shunt Reactor Market: Phase Estimates & Trend Analysis
- 5.1. Phase Segment Dashboard
- 5.2. Shunt Reactor Market: Phase Movement Analysis & Market Share, 2024 & 2030
- 5.3. Single Phase
- 5.3.1. Single Phase Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Three Phase
- 5.4.1. Three Phase Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Shunt Reactor Market: Application Estimates & Trend Analysis
- 6.1. Application Segment Dashboard
- 6.2. Shunt Reactor Market: Application Movement Analysis & Market Share, 2024 & 2030
- 6.3. Fixed
- 6.3.1. Fixed Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Variable
- 6.4.1. Variable Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Shunt Reactor Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. U.S. Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Canada Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Key Country Dynamics
- 7.2.4.2. Mexico Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Europe Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Germany
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. Germany Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. U.K.
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. U.K. Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. Spain
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. Spain Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.5. France
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. France Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6. Italy
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Italy Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. China Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. India
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. India Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. Japan
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Japan Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. South Korea
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. South Korea Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Latin America Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Brazil Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3. Argentina
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Argentina Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Saudi Arabia Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. UAE
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. UAE Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. South Africa Shunt Reactor Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Shunt Reactor Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map
- 8.4. Position Analysis, 2024
- 8.5. Strategy Mapping
- 8.5.1. Expansion
- 8.5.2. Mergers & Acquisition
- 8.5.3. Partnerships & Collaborations
- 8.5.4. New Product Launches
- 8.5.5. Research and Development
- 8.6. Company Profiles
- 8.6.1. ABB
- 8.6.1.1. Participant's Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Recent Developments
- 8.6.2. General Electric Company
- 8.6.2.1. Participant's Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Recent Developments
- 8.6.3. Siemens
- 8.6.3.1. Participant's Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Recent Developments
- 8.6.4. Crompton Greaves Consumer Electricals Limited
- 8.6.4.1. Participant's Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Recent Developments
- 8.6.5. TOSHIBA CORPORATION
- 8.6.5.1. Participant's Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Recent Developments
- 8.6.6. Fuji Electric Co., Ltd.
- 8.6.6.1. Participant's Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Recent Developments
- 8.6.7. Mitsubishi Electric Corporation
- 8.6.7.1. Participant's Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Recent Developments
- 8.6.8. NISSIN ELECTRIC Co., Ltd.
- 8.6.8.1. Participant's Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Recent Developments
- 8.6.9. Trench Group
- 8.6.9.1. Participant's Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Recent Developments
- 8.6.10. Hilkar
- 8.6.10.1. Participant's Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.10.4. Recent Developments
- 8.6.11. TBEA
- 8.6.11.1. Participant's Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.11.4. Recent Developments
- 8.6.12. Hitachi Energy Ltd
- 8.6.12.1. Participant's Overview
- 8.6.12.2. Financial Performance
- 8.6.12.3. Product Benchmarking
- 8.6.12.4. Recent Developments