Oil Immersed Shunt Reactor Market is expected to Grow with a CAGR of 7.99% through 2030
The Oil Immersed Shunt
Reactor Market is driven by the increasing need for voltage regulation in power
transmission systems, as utilities expand grid infrastructure and integrate
renewable energy sources, ensuring stable operations.
According to TechSci Research
report, “Oil Immersed Shunt Reactor Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Oil Immersed Shunt Reactor Market was valued at USD 10.21 Billion in 2024 and is expected to reach USD 16.34 Billion by 2030 with a CAGR of 7.99%. Escalating global demand for electricity is placing
increased pressure on existing power grids, necessitating the enhancement of voltage
stability and reactive power compensation. OISRs play a crucial role in
stabilizing grid voltages, thereby improving the efficiency and reliability of
power transmission systems.
Secondly, the integration of
renewable energy sources such as wind and solar power into the grid is
increasing. These sources are intermittent and can cause voltage fluctuations,
making voltage regulation essential. OISRs are effective in mitigating these
fluctuations, ensuring a stable power supply and facilitating the seamless
incorporation of renewable energy into the grid. modernization of aging power
infrastructure in both developed and developing regions is driving the demand
for OISRs. Upgrading outdated transmission and distribution networks is
critical to meet the growing electricity demand and to improve grid resilience.
OISRs are integral components in these modernization efforts, enhancing the
overall performance of the power grid.
Technological advancements in
OISR design and manufacturing have improved their efficiency and
cost-effectiveness. Innovations such as enhanced insulation materials, improved
cooling systems, and advanced monitoring capabilities have made OISRs more
reliable and easier to maintain, thereby increasing their adoption across
various applications. Oil Immersed Shunt Reactor
market is poised for substantial growth, driven by the increasing demand for
electricity, the integration of renewable energy sources, the modernization of
power infrastructure, and technological advancements in reactor design. These
factors collectively contribute to the expanding role of OISRs in ensuring
stable and efficient power transmission systems worldwide.
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Figures spread through XX Pages and an in-depth TOC on the "Global Oil Immersed Shunt Reactor Market.”
Based on the Voltage, below 132 kV segment held the largest
Market share in 2024. The demand for oil-immersed shunt reactors in the Below
132 kV segment is primarily driven by the increasing need for voltage
regulation and reactive power compensation in distribution networks. As
urbanization and industrialization accelerate, especially in emerging
economies, the expansion and modernization of electrical grids become
imperative to meet the rising electricity consumption. Oil-immersed shunt
reactors play a crucial role in stabilizing voltage levels, thereby enhancing
the reliability and efficiency of power distribution systems.
Their ability to
mitigate voltage fluctuations and improve power quality makes them
indispensable in maintaining grid stability. Additionally, the integration of
renewable energy sources, such as solar and wind, into the grid introduces
variability and intermittency, necessitating advanced voltage control
solutions. Oil-immersed shunt reactors effectively address these challenges by
providing consistent reactive power support, facilitating the seamless
incorporation of renewable energy. Furthermore, advancements in reactor design
and materials have led to more compact and efficient units, making them
suitable for installation in space-constrained environments typical of urban
areas. Government initiatives and regulatory frameworks promoting grid
modernization and the adoption of sustainable energy practices further bolster
the demand for oil-immersed shunt reactors in the Below 132 kV segment.
Collectively, these factors underscore the pivotal role of oil-immersed shunt
reactors in enhancing the performance and reliability of low-voltage
distribution networks.
Based on region, Asia Pacific is the fastest-growing region
in the Oil Immersed Shunt Reactor Market, driven by rapid industrialization,
urbanization, and the ongoing modernization of power infrastructure across
countries like China, India, and Southeast Asia. The region's increasing focus
on renewable energy integration, along with rising electricity demand, requires
enhanced grid stability solutions, thus boosting the demand for oil-immersed
shunt reactors. Government initiatives to upgrade aging electrical grids and improve
energy efficiency further contribute to market growth. Additionally, growing
investments in power transmission and distribution networks to support
industrial and urban expansion position Asia Pacific as a key driver of market
development.
Major companies operating in
the Global Oil Immersed Shunt Reactor Market are:
- CG Power and Industrial
Solutions Limited
- Fuji Electric Co., Ltd.
- General Electric Company
- Getra Group
- Hitachi Energy Ltd.
- Hyosung Heavy Industries
- Nissin Electric Co., Ltd.
- SGB-SMIT Group
- Shrihans Electricals Pvt.
Ltd.
- Siemens Energy AG
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“The Global Oil Immersed
Shunt Reactor Market is expected to rise in the upcoming years and register a
significant CAGR during the forecast period. The Oil Immersed Shunt Reactor
Market is poised for substantial growth, driven by several key factors. The
global shift toward renewable energy sources, such as wind and solar, requires
enhanced voltage regulation to address the variability of power generation,
thereby increasing demand for shunt reactors. Furthermore, the modernization of
aging power infrastructure, particularly in regions like Asia Pacific, is
fueling investments in grid stability solutions. Technological advancements in
reactor design and materials are improving performance and operational
efficiency, while government initiatives focused on energy efficiency and
sustainability are accelerating the adoption of oil-immersed shunt reactors
across electric utilities and industrial sectors. Therefore, the Market of Oil
Immersed Shunt Reactor is expected to boost in the upcoming years.,” said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Oil
Immersed Shunt Reactor Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented, By Voltage (Below 132 kV, 132-220 kV,
220-400 kV, Above 400 kV), By Core Material (Amorphous Core, Crystalline Core,
Grain-Oriented Silicon Steel), By Insulation Type (Paper Insulation, Resin
Insulation, Silicone Insulation), By Region, By Competition, 2020-2030F”, has evaluated the future
growth potential of Global Oil Immersed Shunt Reactor Market and provides
statistics & information on the Market size, structure, and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global Oil Immersed Shunt Reactor Market.
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