In high-voltage power systems, an electrical device known as an air core shunt reactor is primarily used to absorb reactive power and regulate voltage levels. Air core shunt reactors do not employ magnetic cores composed of laminated steel, in contrast to conventional oil-immersed reactors. Rather, they are supported by non-magnetic structures and comprise windings of insulated conductors arranged in a spiral or helical shape, with air serving as the core medium.
Drivers: The global market for air core shunt reactors is expanding significantly due to a number of important considerations. In order to preserve voltage stability and lower power losses, transmission and distribution infrastructure modifications are being prompted by the growing demand for energy brought on by urbanization, industrialization, and population growth. Voltage fluctuations brought on by the integration of renewable energy sources like solar and wind increase the demand for reactive power adjustment, which air core shunt reactors may provide.
Challenges: There are a number of significant obstacles preventing the global market for air core shunt reactors from expanded widely. One significant barrier is the expensive initial installation cost, which includes costs for site preparation, system commissioning, and procurement. This can be particularly problematic in areas with little funding. The need for intricate and specialized maintenance for these systems also raises operating expenses, especially in places with little technical know-how.
Market Trends: The development of energy efficiency and renewable energy sources is causing changes in the air core shunt reactor business. Since high voltage direct current (HVDC) transmission systems are necessary to regulate voltage fluctuations and maintain the grid, their growing use is a key driver of the shunt reactor market's expansion. Reactor performance and energy losses are being improved via advancements in insulation and conductor materials.
Global Air Core Shunt Reactor Market Key Players:
Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric, and SGB SMI are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.
Global Air Core Shunt Reactor Market Segmentation:
By Phase: Based on the Phase, Global Air Core Shunt Reactor Market is segmented as; Single Phase, Three Phase.
By Product: Based on the Product, Global Air Core Shunt Reactor Market is segmented as; Fixed Shunt Reactor, Variable Shunt Reactor.
By End User: Based on the End User, Global Air Core Shunt Reactor Market is segmented as; Electric Utility, Renewable Energy.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.