Air Core Shunt Reactor Market Size, Trends and Industry Report 2034
Air Core Shunt Reactor Market Growth, Size, Trends Analysis - By Phase, By Product, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: POAE25118 | Pages: 1 - 238 | Formats*: |
| Category : Power & Energy | |||
Air Core Shunt Reactor Market Introduction and Overview
According to SPER Market Research, the Global Air Core Shunt Reactor Market is estimated to reach USD 1783.75 million by 2034 with a CAGR of 7.65%.
The report includes an in-depth analysis of the Global Air Core Shunt Reactor Market, including market size and trends, product mix, Applications, and supplier analysis. The Air Core Shunt Reactor Market was valued at USD 853.48 million in 2024 and is expected to grow at a CAGR of 7.65% from 2025 to 2034. This growth is due to factors like growing power consumption, fast industrialization, and the shift to renewable energy sources. Voltage stability and reactive power compensation are essential as more nations modernize their transmission networks. Air core shunt reactors are becoming more and more popular over conventional options due to their oil-free architecture and reduced maintenance requirements.
By Phase Insights
The three-phase segment is dominating in the market. In recent years, the industry for air core shunt reactors has grown steadily due to its widespread usage in high-voltage electric transmission systems for a variety of purposes.
By Product Insights
Fixed shunt reactors and variable shunt reactors are the two main product categories in the air core shunt reactor market. Due to its efficiency in reactive power compensation and voltage regulation in high-voltage power systems, the fixed shunt reactor segment is anticipated to increase significantly among these.
By End User Insights
In terms of end-user, the electric utility sector is leading the global market for air core shunt reactors. With the majority of market revenue coming from this segment, it leads by a wide margin. Air core shunt reactors are essential to utilities' reactive power compensation, voltage regulation, and grid stability, particularly in light of continuous investments in renewable energy integration and system enhancements.
Regional Insights
Asia-Pacific dominating in the global air core shunt reactors market. Due to growing urbanization, industrialization, and major investments in electrical infrastructure. Power transmission improvements and the integration of renewable energy sources are expanding rapidly in the region, which raises the need for voltage stabilization technology like air core shunt reactors. The industry is expanding as a result of nations like China and India greatly improving their grid systems to accommodate growing power demands.
Market Competitive Landscape
The Air Core Shunt Reactor market is dominated by established players such as Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy as well as a number of small and medium-sized companies. These market participants utilize a number of crucial tactics to keep a competitive advantage. These include ongoing product development to boost dependability and efficiency as well as customisation to satisfy particular grid specifications. Expanding market presence is facilitated by strategic alliances with energy and utility companies.
Recent Developments:
- In December 2024, Hitachi Energy's 500kV variable shunt reactor was installed at the Dzhankeldy 500MW wind farm in Uzbekistan. The reactor plays a crucial role in maintaining voltage levels and stabilizing the grid by managing the variable output of wind energy. Its integration supports the reliable operation of the power system and advances Uzbekistan’s efforts in adopting renewable energy solutions.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Phase, By Product, By End User |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric, SGB SMIT. |
Key Topics Covered in the Report
- Global Air Core Shunt Reactor Market Size (FY’2021-FY’2034)
- Overview of Global Air Core Shunt Reactor Market
- Segmentation of Global Air Core Shunt Reactor Market by Phase (Single Phase, Three Phase)
- Segmentation of Global Air Core Shunt Reactor Market by Product (Fixed Shunt Reactor, Variable Shunt Reactor)
- Segmentation of Global Air Core Shunt Reactor Market by End User (Electric Utility, Renewable Energy)
- Statistical Snap of Global Air Core Shunt Reactor Market
- Expansion Analysis of Global Air Core Shunt Reactor Market
- Problems and Obstacles in Global Air Core Shunt Reactor Market
- Competitive Landscape in the Global Air Core Shunt Reactor Market
- Details on Current Investment in Global Air Core Shunt Reactor Market
- Competitive Analysis of Global Air Core Shunt Reactor Market
- Prominent Players in the Global Air Core Shunt Reactor Market
- SWOT Analysis of Global Air Core Shunt Reactor Market
- Global Air Core Shunt Reactor Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1.Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Air Core Shunt Reactor Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Air Core Shunt Reactor Market
7. Global Air Core Shunt Reactor Market, By Phase (USD Million) 2021-2034
- 7.1. Single Phase
- 7.2. Three Phase
8. Global Air Core Shunt Reactor Market, By Product (USD Million) 2021-2034
- 8.1. Fixed Shunt Reactor
- 8.2. Variable Shunt Reactor
9. Global Air Core Shunt Reactor Market, By End User (USD Million) 2021-2034
- 9.1. Electric Utility
- 9.2. Renewable Energy
10. Global Air Core Shunt Reactor Market, (USD Million) 2021-2034
- 10.1. Global Air Core Shunt Reactor Market Size and Market Share
11. Global Air Core Shunt Reactor Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. Coil Innovation
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. GE
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. GETRA
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Hilkar
- 12.4.1. Company details
- 12.4.2 . Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Hitachi Energy
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Hyosung Heavy Industries
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. MindCore Technologies
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Nissin Electric
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Phoenix Electric
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. SGB SMIT
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Air Core Shunt Reactor Market is projected to reach USD 1783.75 million by 2034, growing at a CAGR of 7.65% during the forecast period.
Air Core Shunt Reactor Market grew in Market size from 2025. The Market is expected to reach USD 1783.75 million by 2034, at a CAGR of 7.65% during the forecast period.
Air Core Shunt Reactor Market CAGR of 7.65% during the forecast period.
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Air Core Shunt Reactor Market size is USD 1783.75 million from 2025 to 2034.
Air Core Shunt Reactor Market is covered By Phase, By Product, By End User
Asia-Pacific is anticipated to have the highest Market share in the Air Core Shunt Reactor Market.
Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric, SGB SMIT.
The report includes an in-depth analysis of the Global Air Core Shunt Reactor Market, including market size and trends, product mix, Applications, and supplier analysis
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