North America Oil Immersed Shunt Reactor Market is Expected to grow at a robust CAGR of 5.18% through 2030F
The
North America Oil Immersed Shunt Reactor Market is to be led by the United
States, driven by robust investments in grid modernization and renewable energy
integration, during the forecast period 2026-2030F.
According
to TechSci Research report, “North
America Oil Immersed Shunt Reactor Market – By Country, Competition, Forecast
& Opportunities, 2020-2030F", The North America Oil Immersed Shunt
Reactor Market was valued at USD 4.72 Billion in 2024 and is expected to reach
USD 6.39 Billion by 2030 with a CAGR of 5.18% during the forecast period.
The
growing electrification of industrial sectors across North America is driving
significant investments in high-voltage equipment for grid interconnection,
including oil immersed shunt reactors. As heavy industries such as steel
manufacturing, automotive production, mining, and chemicals pursue
decarbonization through electrified operations, their electricity consumption
is rising substantially. These industrial users are increasingly sourcing power
through dedicated high-voltage substations that connect directly to
transmission grids. This trend requires precise voltage regulation and reactive
power control to maintain system reliability during fluctuating industrial
loads. Oil immersed shunt reactors play an essential role in these industrial
interconnections by managing power factor correction and minimizing voltage
swings that could otherwise damage sensitive production equipment or disrupt
process continuity.
As
industrial facilities expand the use of electric furnaces, heat pumps, and
high-load electric motors, they impose substantial reactive power burdens on
regional transmission systems. Utilities and private substation operators are
proactively installing oil immersed shunt reactors to mitigate these issues and
preserve grid stability. The presence of reactors allows for smoother power
delivery and improved efficiency, especially in facilities operating across
large campuses or multi-shift schedules. For example, in 2024, a major
automotive manufacturing cluster in Ontario added three 230-kilovolt
substations equipped with oil immersed shunt reactors to support electrified
production lines. Such investments highlight the growing role of these reactors
in the industrial power ecosystem as electrification deepens. A cluster of
electrified automotive manufacturing plants in Ontario added three 230-kilovolt
substations in 2024, each equipped with oil immersed shunt reactors, to manage
reactive power fluctuations arising from high-load electric equipment.
Urban
growth and industrial densification in major metropolitan areas across North
America have created a rising demand for high-voltage power systems that can
support large-scale electricity consumption with minimal fluctuations. This
dynamic has led to a marked increase in the deployment of high-voltage oil
immersed shunt reactors in densely populated and industrially active regions
such as the Northeast United States, the Great Lakes corridor, and southern
Ontario. These reactors are being installed at substations to stabilize
voltages and prevent overvoltages associated with underground cables,
especially in systems operating at 230 kilovolts and above.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "North America Oil Immersed Shunt Reactor Market"
Based
on Insulation Type, Silicone Insulation is the fastest-growing segment in the
North America Oil Immersed Shunt Reactor Market. This rapid growth is driven by
the superior thermal stability, moisture resistance, and dielectric strength
that silicone-based materials offer, making them ideal for modern refining
environments that demand high-performance and reliability. Silicone insulation
is increasingly being adopted across critical components in refinery
operations, especially in high-temperature and high-voltage areas where
conventional insulation materials like paper or resin fail to maintain
consistent performance. The shift towards automation and digital monitoring in
refineries has further emphasized the need for durable and long-lasting
insulation, accelerating the demand for silicone solutions.
The
expansion of refining infrastructure across the United States and Canada,
including upgrades and retrofitting of older systems, is fostering greater
implementation of silicone insulation due to its longevity and reduced
maintenance requirements. Environmental considerations are also playing a role,
as silicone insulation tends to have a lower environmental impact over its
lifecycle compared to traditional options. As refineries prioritize operational
efficiency and safety, the silicone insulation segment is positioned to outpace
other insulation types, achieving the fastest growth rate in the market. This
trend is expected to sustain through the forecast period.
Based
on country, Mexico is
quickly emerging as the fastest-growing country in the North America oil
immersed shunt reactor market. The country's increasing demand for electricity,
paired with its ongoing efforts to modernize its power grid, is driving the
adoption of oil immersed shunt reactors. As Mexico expands its renewable energy
sources, such as wind and solar, the need for voltage stabilization and grid
reliability becomes crucial, positioning oil immersed shunt reactors as
essential components of the grid infrastructure.
Government
initiatives to improve energy efficiency and reduce transmission losses are
fueling the growth of the market. With a growing focus on enhancing the
transmission network, Mexico is expected to continue its strong market
trajectory in the coming years.
Key
market players in the North America Oil Immersed Shunt Reactor market are: -
- General
Electric Company
- Siemens
AG
- Hitachi
Ltd.
- Schneider
Electric SE
- Mitsubishi
Electric Corporation
- Nissin
Electric Co., Ltd.
- Fuji
Electric Co., Ltd.
- Liyond
Industry Co., Ltd.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“The
North America Oil Immersed Shunt Reactor Market is expected to experience
consistent growth in the coming years, driven by increasing investments in
power transmission infrastructure, grid modernization, and the integration of
renewable energy sources. As electricity demand rises and high-voltage
transmission lines expand, utilities are prioritizing solutions that enhance
voltage stability and reduce reactive power losses. Oil immersed shunt reactors
offer proven reliability and efficiency in high-voltage applications, making
them vital for grid performance. With the United States and Canada upgrading
their electrical networks and emphasizing energy security, the demand for oil
immersed shunt reactors is set to strengthen steadily.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based Global management
consulting firm.
“North America Oil Immersed Shunt Reactor Market By
Installed Capacity (Below 50 MVAR, 50-100 MVAR, 100-150 MVAR, Above 150 MVAR),
By Voltage (Below 132 kV, 132-220 kV, 220-400 kV, Above 400 kV), By Reactor
Type (Dry-Type, Oil-Immersed, Air-Core, Liquid-Filled), By Insulation Type
(Paper Insulation, Resin Insulation, Silicone Insulation), By Country, By
Competition, Forecast and Opportunities, 2020-2030F”. has evaluated the future growth
potential of North America Oil Immersed Shunt Reactor Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in North America Oil Immersed Shunt Reactor
Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com