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Global Oil-immersed Shunt Reactor Market Research Report 2025
Synopsis
Oil-immersed Shunt Reactors act as an absorber of reactive power in order to increase the energy efficiency of a power system. Shunt Reactors are used to compensate the capacitive reactive power that is generated by long and lightly loaded transmission lines, as well as underground cables.
Global Oil-immersed Shunt Reactor market is projected to reach US$ 3462.2 million in 2029, increasing from US$ 2180 million in 2022, with the CAGR of 6.9% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Oil-immersed Shunt Reactor market research.
The global oil-immersed shunt reactor market refers to the market for shunt reactors that are immersed in oil for their operation. Shunt reactors are electrical devices used in power transmission and distribution systems to compensate for reactive power and regulate voltage levels. They are connected in parallel with power lines and provide inductive reactance to counterbalance capacitive reactance in the system.
In oil-immersed shunt reactors, the reactor windings and core are immersed in a mineral oil or synthetic oil. The oil acts as both an electrical insulator and a cooling medium, ensuring efficient operation and heat dissipation. These reactors are typically used in high-voltage applications, such as substations and power transmission networks, to control voltage fluctuations and maintain system stability.
The market for oil-immersed shunt reactors is driven by several factors. One of the key factors is the increasing demand for electricity, driven by industrialization, urbanization, and the growing population. As power networks expand and load demands increase, the need for reactive power compensation becomes crucial to maintain grid stability and power quality.
Furthermore, the rising investments in renewable energy sources, such as wind and solar power, contribute to the market growth. Shunt reactors are employed in renewable energy installations to mitigate voltage rise and manage reactive power generation, especially in areas with high penetration of renewable energy sources.
Moreover, infrastructure development and grid modernization initiatives in both developed and emerging economies are driving the demand for oil-immersed shunt reactors. Aging power grids require upgrades to enhance reliability and efficiency, leading to the installation of shunt reactors.
Geographically, regions with significant electricity demand and infrastructure development, such as Asia-Pacific, North America, and Europe, are prominent markets for oil-immersed shunt reactors. Additionally, the increasing focus on grid resilience and energy efficiency in these regions is expected to further drive market growth.
Key players in the global oil-immersed shunt reactor market include manufacturers, suppliers, and service providers in the power transmission and distribution sector. These companies offer a range of shunt reactors, customized solutions, and maintenance services to cater to the diverse requirements of utilities and grid operators.
Overall, the global oil-immersed shunt reactor market is expected to witness steady growth due to the increasing demand for electricity, renewable energy integration, and grid modernization efforts. Ongoing technological advancements and research activities aimed at improving reactor performance and efficiency are likely to shape the market’s growth trajectory.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Oil-immersed Shunt Reactor market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
ABB
Siemens
Toshiba
Fuji Electric Co
GE Electric
Nissin Electric Co
Zaporozhtransformator
Hyosung Corporation
Hyundai Heavy Industries
Trench Group
SPX Transformer Solutions
Fuji Electric
Crompton Greaves
TBEA Co., Ltd
Segment by Type
Single Phase Oil Immersed Shunt Reactor
Three Phase Oil Immersed Shunt Reactor
Others
Segment by Application
Commercial
Industrial
Residential
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Oil-immersed Shunt Reactor report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Oil-immersed Shunt Reactors act as an absorber of reactive power in order to increase the energy efficiency of a power system. Shunt Reactors are used to compensate the capacitive reactive power that is generated by long and lightly loaded transmission lines, as well as underground cables.
Global Oil-immersed Shunt Reactor market is projected to reach US$ 3462.2 million in 2029, increasing from US$ 2180 million in 2022, with the CAGR of 6.9% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Oil-immersed Shunt Reactor market research.
The global oil-immersed shunt reactor market refers to the market for shunt reactors that are immersed in oil for their operation. Shunt reactors are electrical devices used in power transmission and distribution systems to compensate for reactive power and regulate voltage levels. They are connected in parallel with power lines and provide inductive reactance to counterbalance capacitive reactance in the system.
In oil-immersed shunt reactors, the reactor windings and core are immersed in a mineral oil or synthetic oil. The oil acts as both an electrical insulator and a cooling medium, ensuring efficient operation and heat dissipation. These reactors are typically used in high-voltage applications, such as substations and power transmission networks, to control voltage fluctuations and maintain system stability.
The market for oil-immersed shunt reactors is driven by several factors. One of the key factors is the increasing demand for electricity, driven by industrialization, urbanization, and the growing population. As power networks expand and load demands increase, the need for reactive power compensation becomes crucial to maintain grid stability and power quality.
Furthermore, the rising investments in renewable energy sources, such as wind and solar power, contribute to the market growth. Shunt reactors are employed in renewable energy installations to mitigate voltage rise and manage reactive power generation, especially in areas with high penetration of renewable energy sources.
Moreover, infrastructure development and grid modernization initiatives in both developed and emerging economies are driving the demand for oil-immersed shunt reactors. Aging power grids require upgrades to enhance reliability and efficiency, leading to the installation of shunt reactors.
Geographically, regions with significant electricity demand and infrastructure development, such as Asia-Pacific, North America, and Europe, are prominent markets for oil-immersed shunt reactors. Additionally, the increasing focus on grid resilience and energy efficiency in these regions is expected to further drive market growth.
Key players in the global oil-immersed shunt reactor market include manufacturers, suppliers, and service providers in the power transmission and distribution sector. These companies offer a range of shunt reactors, customized solutions, and maintenance services to cater to the diverse requirements of utilities and grid operators.
Overall, the global oil-immersed shunt reactor market is expected to witness steady growth due to the increasing demand for electricity, renewable energy integration, and grid modernization efforts. Ongoing technological advancements and research activities aimed at improving reactor performance and efficiency are likely to shape the market’s growth trajectory.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Oil-immersed Shunt Reactor market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
ABB
Siemens
Toshiba
Fuji Electric Co
GE Electric
Nissin Electric Co
Zaporozhtransformator
Hyosung Corporation
Hyundai Heavy Industries
Trench Group
SPX Transformer Solutions
Fuji Electric
Crompton Greaves
TBEA Co., Ltd
Segment by Type
Single Phase Oil Immersed Shunt Reactor
Three Phase Oil Immersed Shunt Reactor
Others
Segment by Application
Commercial
Industrial
Residential
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
The Oil-immersed Shunt Reactor report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
Index1 Oil-immersed Shunt Reactor Market Overview
1.1 Product Definition
1.2 Oil-immersed Shunt Reactor Segment by Type
1.2.1 Global Oil-immersed Shunt Reactor Market Value Growth Rate Analysis by Type 2022 VS 2029
1.2.2 Single Phase Oil Immersed Shunt Reactor
1.2.3 Three Phase Oil Immersed Shunt Reactor
1.2.4 Others
1.3 Oil-immersed Shunt Reactor Segment by Application
1.3.1 Global Oil-immersed Shunt Reactor Market Value Growth Rate Analysis by Application: 2022 VS 2029
1.3.2 Commercial
1.3.3 Industrial
1.3.4 Residential
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Oil-immersed Shunt Reactor Production Value Estimates and Forecasts (2018-2029)
1.4.2 Global Oil-immersed Shunt Reactor Production Capacity Estimates and Forecasts (2018-2029)
1.4.3 Global Oil-immersed Shunt Reactor Production Estimates and Forecasts (2018-2029)
1.4.4 Global Oil-immersed Shunt Reactor Market Average Price Estimates and Forecasts (2018-2029)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Oil-immersed Shunt Reactor Production Market Share by Manufacturers (2018-2023)
2.2 Global Oil-immersed Shunt Reactor Production Value Market Share by Manufacturers (2018-2023)
2.3 Global Key Players of Oil-immersed Shunt Reactor, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Oil-immersed Shunt Reactor Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Oil-immersed Shunt Reactor Average Price by Manufacturers (2018-2023)
2.6 Global Key Manufacturers of Oil-immersed Shunt Reactor, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Oil-immersed Shunt Reactor, Product Offered and Application
2.8 Global Key Manufacturers of Oil-immersed Shunt Reactor, Date of Enter into This Industry
2.9 Oil-immersed Shunt Reactor Market Competitive Situation and Trends
2.9.1 Oil-immersed Shunt Reactor Market Concentration Rate
2.9.2 Global 5 and 10 Largest Oil-immersed Shunt Reactor Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Oil-immersed Shunt Reactor Production by Region
3.1 Global Oil-immersed Shunt Reactor Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.2 Global Oil-immersed Shunt Reactor Production Value by Region (2018-2029)
3.2.1 Global Oil-immersed Shunt Reactor Production Value Market Share by Region (2018-2023)
3.2.2 Global Forecasted Production Value of Oil-immersed Shunt Reactor by Region (2024-2029)
3.3 Global Oil-immersed Shunt Reactor Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
3.4 Global Oil-immersed Shunt Reactor Production by Region (2018-2029)
3.4.1 Global Oil-immersed Shunt Reactor Production Market Share by Region (2018-2023)
3.4.2 Global Forecasted Production of Oil-immersed Shunt Reactor by Region (2024-2029)
3.5 Global Oil-immersed Shunt Reactor Market Price Analysis by Region (2018-2023)
3.6 Global Oil-immersed Shunt Reactor Production and Value, Year-over-Year Growth
3.6.1 North America Oil-immersed Shunt Reactor Production Value Estimates and Forecasts (2018-2029)
3.6.2 Europe Oil-immersed Shunt Reactor Production Value Estimates and Forecasts (2018-2029)
3.6.3 China Oil-immersed Shunt Reactor Production Value Estimates and Forecasts (2018-2029)
3.6.4 Japan Oil-immersed Shunt Reactor Production Value Estimates and Forecasts (2018-2029)
4 Oil-immersed Shunt Reactor Consumption by Region
4.1 Global Oil-immersed Shunt Reactor Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029
4.2 Global Oil-immersed Shunt Reactor Consumption by Region (2018-2029)
4.2.1 Global Oil-immersed Shunt Reactor Consumption by Region (2018-2023)
4.2.2 Global Oil-immersed Shunt Reactor Forecasted Consumption by Region (2024-2029)
4.3 North America
4.3.1 North America Oil-immersed Shunt Reactor Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.3.2 North America Oil-immersed Shunt Reactor Consumption by Country (2018-2029)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Oil-immersed Shunt Reactor Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.4.2 Europe Oil-immersed Shunt Reactor Consumption by Country (2018-2029)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Oil-immersed Shunt Reactor Consumption Growth Rate by Region: 2018 VS 2022 VS 2029
4.5.2 Asia Pacific Oil-immersed Shunt Reactor Consumption by Region (2018-2029)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Oil-immersed Shunt Reactor Consumption Growth Rate by Country: 2018 VS 2022 VS 2029
4.6.2 Latin America, Middle East & Africa Oil-immersed Shunt Reactor Consumption by Country (2018-2029)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Oil-immersed Shunt Reactor Production by Type (2018-2029)
5.1.1 Global Oil-immersed Shunt Reactor Production by Type (2018-2023)
5.1.2 Global Oil-immersed Shunt Reactor Production by Type (2024-2029)
5.1.3 Global Oil-immersed Shunt Reactor Production Market Share by Type (2018-2029)
5.2 Global Oil-immersed Shunt Reactor Production Value by Type (2018-2029)
5.2.1 Global Oil-immersed Shunt Reactor Production Value by Type (2018-2023)
5.2.2 Global Oil-immersed Shunt Reactor Production Value by Type (2024-2029)
5.2.3 Global Oil-immersed Shunt Reactor Production Value Market Share by Type (2018-2029)
5.3 Global Oil-immersed Shunt Reactor Price by Type (2018-2029)
6 Segment by Application
6.1 Global Oil-immersed Shunt Reactor Production by Application (2018-2029)
6.1.1 Global Oil-immersed Shunt Reactor Production by Application (2018-2023)
6.1.2 Global Oil-immersed Shunt Reactor Production by Application (2024-2029)
6.1.3 Global Oil-immersed Shunt Reactor Production Market Share by Application (2018-2029)
6.2 Global Oil-immersed Shunt Reactor Production Value by Application (2018-2029)
6.2.1 Global Oil-immersed Shunt Reactor Production Value by Application (2018-2023)
6.2.2 Global Oil-immersed Shunt Reactor Production Value by Application (2024-2029)
6.2.3 Global Oil-immersed Shunt Reactor Production Value Market Share by Application (2018-2029)
6.3 Global Oil-immersed Shunt Reactor Price by Application (2018-2029)
7 Key Companies Profiled
7.1 ABB
7.1.1 ABB Oil-immersed Shunt Reactor Corporation Information
7.1.2 ABB Oil-immersed Shunt Reactor Product Portfolio
7.1.3 ABB Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.1.4 ABB Main Business and Markets Served
7.1.5 ABB Recent Developments/Updates
7.2 Siemens
7.2.1 Siemens Oil-immersed Shunt Reactor Corporation Information
7.2.2 Siemens Oil-immersed Shunt Reactor Product Portfolio
7.2.3 Siemens Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.2.4 Siemens Main Business and Markets Served
7.2.5 Siemens Recent Developments/Updates
7.3 Toshiba
7.3.1 Toshiba Oil-immersed Shunt Reactor Corporation Information
7.3.2 Toshiba Oil-immersed Shunt Reactor Product Portfolio
7.3.3 Toshiba Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.3.4 Toshiba Main Business and Markets Served
7.3.5 Toshiba Recent Developments/Updates
7.4 Fuji Electric Co
7.4.1 Fuji Electric Co Oil-immersed Shunt Reactor Corporation Information
7.4.2 Fuji Electric Co Oil-immersed Shunt Reactor Product Portfolio
7.4.3 Fuji Electric Co Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.4.4 Fuji Electric Co Main Business and Markets Served
7.4.5 Fuji Electric Co Recent Developments/Updates
7.5 GE Electric
7.5.1 GE Electric Oil-immersed Shunt Reactor Corporation Information
7.5.2 GE Electric Oil-immersed Shunt Reactor Product Portfolio
7.5.3 GE Electric Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.5.4 GE Electric Main Business and Markets Served
7.5.5 GE Electric Recent Developments/Updates
7.6 Nissin Electric Co
7.6.1 Nissin Electric Co Oil-immersed Shunt Reactor Corporation Information
7.6.2 Nissin Electric Co Oil-immersed Shunt Reactor Product Portfolio
7.6.3 Nissin Electric Co Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.6.4 Nissin Electric Co Main Business and Markets Served
7.6.5 Nissin Electric Co Recent Developments/Updates
7.7 Zaporozhtransformator
7.7.1 Zaporozhtransformator Oil-immersed Shunt Reactor Corporation Information
7.7.2 Zaporozhtransformator Oil-immersed Shunt Reactor Product Portfolio
7.7.3 Zaporozhtransformator Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.7.4 Zaporozhtransformator Main Business and Markets Served
7.7.5 Zaporozhtransformator Recent Developments/Updates
7.8 Hyosung Corporation
7.8.1 Hyosung Corporation Oil-immersed Shunt Reactor Corporation Information
7.8.2 Hyosung Corporation Oil-immersed Shunt Reactor Product Portfolio
7.8.3 Hyosung Corporation Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.8.4 Hyosung Corporation Main Business and Markets Served
7.7.5 Hyosung Corporation Recent Developments/Updates
7.9 Hyundai Heavy Industries
7.9.1 Hyundai Heavy Industries Oil-immersed Shunt Reactor Corporation Information
7.9.2 Hyundai Heavy Industries Oil-immersed Shunt Reactor Product Portfolio
7.9.3 Hyundai Heavy Industries Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.9.4 Hyundai Heavy Industries Main Business and Markets Served
7.9.5 Hyundai Heavy Industries Recent Developments/Updates
7.10 Trench Group
7.10.1 Trench Group Oil-immersed Shunt Reactor Corporation Information
7.10.2 Trench Group Oil-immersed Shunt Reactor Product Portfolio
7.10.3 Trench Group Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.10.4 Trench Group Main Business and Markets Served
7.10.5 Trench Group Recent Developments/Updates
7.11 SPX Transformer Solutions
7.11.1 SPX Transformer Solutions Oil-immersed Shunt Reactor Corporation Information
7.11.2 SPX Transformer Solutions Oil-immersed Shunt Reactor Product Portfolio
7.11.3 SPX Transformer Solutions Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.11.4 SPX Transformer Solutions Main Business and Markets Served
7.11.5 SPX Transformer Solutions Recent Developments/Updates
7.12 Fuji Electric
7.12.1 Fuji Electric Oil-immersed Shunt Reactor Corporation Information
7.12.2 Fuji Electric Oil-immersed Shunt Reactor Product Portfolio
7.12.3 Fuji Electric Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.12.4 Fuji Electric Main Business and Markets Served
7.12.5 Fuji Electric Recent Developments/Updates
7.13 Crompton Greaves
7.13.1 Crompton Greaves Oil-immersed Shunt Reactor Corporation Information
7.13.2 Crompton Greaves Oil-immersed Shunt Reactor Product Portfolio
7.13.3 Crompton Greaves Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.13.4 Crompton Greaves Main Business and Markets Served
7.13.5 Crompton Greaves Recent Developments/Updates
7.14 TBEA Co., Ltd
7.14.1 TBEA Co., Ltd Oil-immersed Shunt Reactor Corporation Information
7.14.2 TBEA Co., Ltd Oil-immersed Shunt Reactor Product Portfolio
7.14.3 TBEA Co., Ltd Oil-immersed Shunt Reactor Production, Value, Price and Gross Margin (2018-2023)
7.14.4 TBEA Co., Ltd Main Business and Markets Served
7.14.5 TBEA Co., Ltd Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Oil-immersed Shunt Reactor Industry Chain Analysis
8.2 Oil-immersed Shunt Reactor Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Oil-immersed Shunt Reactor Production Mode & Process
8.4 Oil-immersed Shunt Reactor Sales and Marketing
8.4.1 Oil-immersed Shunt Reactor Sales Channels
8.4.2 Oil-immersed Shunt Reactor Distributors
8.5 Oil-immersed Shunt Reactor Customers
9 Oil-immersed Shunt Reactor Market Dynamics
9.1 Oil-immersed Shunt Reactor Industry Trends
9.2 Oil-immersed Shunt Reactor Market Drivers
9.3 Oil-immersed Shunt Reactor Market Challenges
9.4 Oil-immersed Shunt Reactor Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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