Air Core Single Phase Shunt Reactor Market Growth, Trends and Outlook 2034

Air Core Single Phase Shunt Reactor Market Growth, Size, Trends Analysis - By Product, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Published: Jul-2025	Report ID: POAE25122	Pages: 1 - 238	Formats^*:
Category : Power & Energy

According to SPER Market Research, the Global Air Core Single Phase Shunt Reactor Market is estimated to reach USD 1226.01 million by 2034 with a CAGR of 7.18%.

Introduction and Overview

The report includes an in-depth analysis of the Global Air Core Single Phase Shunt Reactor Market, including market size and trends, product mix, Applications, and supplier analysis. The global air core single phase shunt reactor market size valued at USD 612.86 million in 2024 and is estimated to grow at a CAGR of 7.18% from 2025 to 2034. The market for air core single phase shunt reactors is a niche market within the power transmission sector that focuses on products that enhance electrical grid stability and help regulate voltage. By employing air as the medium and avoiding a magnetic core, these reactors lower operating losses and help avoid core saturation. They are perfect for some high-voltage applications because of their single-phase design, particularly in long-distance transmission lines. Reactors with air cores are renowned for their dependability, low maintenance requirements, and steady operation even with varying electrical loads. Since the complexity of energy systems and the incorporation of renewable energy sources have increased the need for efficient voltage control equipment, air core single phase shunt reactors are a crucial component of modern power infrastructure.

By Product Insights

By 2034, the fixed shunt reactor segment will have grown significantly. The adoption of renewable energy sources and the grid operators' growing demands for regulated dynamic voltage management are the main causes of this rise.

The market is growing as a result of the expansion of electrical network building in many emerging countries as well as the upgrading of outdated power generation facilities.

By End Use Insights

The renewable energy sector is driving significant growth in the air core single-phase shunt reactor market. As wind and solar energy become more widely adopted, the need for reliable grid integration and effective voltage regulation is increasing. These reactors play a key role in stabilizing power systems, especially with ongoing grid modernization efforts worldwide. Additionally, the global push to reduce carbon emissions is further boosting demand for this technology, making it an essential component in the transition to cleaner energy sources.

Regional Insights

It is anticipated that the U.S. market for air core single phase shunt reactors would grow significantly between 2024 and 2034, mainly due to government initiatives, the integration of renewable energy sources, and the deployment of new technologies into the grid.A sizable portion of the funding for government grid modernization initiatives has come from the US Department of Energy's Grid Modernization Initiative.The Asia Pacific region's cities and people are growing rapidly, which is making renewable energy sources more important.

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Market Competitive Landscape

The development of single-phase air core shunt reactors is accelerated by several variables. Adoption of digital substations and smart grids results in increased grid stability and efficiency. Some of the key market players are Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric Corp., Siemens Energy.

Recent Developments:

In February 2024, Contracts for the supply of 765 kV shunt reactors were inked by the Power Grid Corporation of India and GE Vernova. It is expected that these reactors will enhance grid performance and enable the use of renewable energy sources on a greater scale.

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 Product, By End Use
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 Corp., Siemens Energy.

Key Topics Covered in the Report

Global Air Core Single Phase Shunt Reactor Market Size (FYâ€™2021-FYâ€™2034)
Overview of Global Air Core Single Phase Shunt Reactor Market
Segmentation of Global Air Core Single Phase Shunt Reactor Market By Product (Fixed shunt reactors, Variable shunt reactors)
Segmentation of Global Air Core Single Phase Shunt Reactor Market By End Use (Electric utility, Renewable energy)
Statistical Snap of Global Air Core Single Phase Shunt Reactor Market
Expansion Analysis of Global Air Core Single Phase Shunt Reactor Market
Problems and Obstacles in Global Air Core Single Phase Shunt Reactor Market
Competitive Landscape in the Global Air Core Single Phase Shunt Reactor Market
Details on Current Investment in Global Air Core Single Phase Shunt Reactor Market
Competitive Analysis of Global Air Core Single Phase Shunt Reactor Market
Prominent Players in the Global Air Core Single Phase Shunt Reactor Market
SWOT Analysis of Global Air Core Single Phase Shunt Reactor Market
Global Air Core Single Phase Shunt Reactor Market Future Outlook and Projections (FYâ€™2025-FYâ€™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 Single Phase Shunt Reactor Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Air Core Single Phase Shunt Reactor Market

7. Global Air Core Single Phase Shunt Reactor Market, By Product (USD Million) 2021-2034

7.1. Fixed shunt reactors
7.2. Variable shunt reactors

8. Global Air Core Single Phase Shunt Reactor Market, By End Use (USD Million) 2021-2034

8.1. Electric utility
8.2. Renewable energy

9. Global Air Core Single Phase Shunt Reactor Market, (USD Million) 2021-2034

9.1. Global Air Core Single Phase Shunt Reactor Market Size and Market Share

10. Global Air Core Single Phase Shunt Reactor Market, By Region, (USD Million) 2021-2034

10.1. Asia-Pacific

10.1.1. Australia
10.1.2. China
10.1.3. India
10.1.4. Japan
10.1.5. South Korea
10.1.6. Rest of Asia-Pacific

10.2. Europe

10.2.1. France
10.2.2. Germany
10.2.3. Italy
10.2.4. Spain
10.2.5. United Kingdom
10.2.6. Rest of Europe

10.3. Middle East and Africa

10.3.1. Kingdom of Saudi Arabia
10.3.2. United Arab Emirates
10.3.3. Qatar
10.3.4. South Africa
10.3.5. Egypt
10.3.6. Morocco
10.3.7. Nigeria
10.3.8. Rest of Middle-East and Africa

10.4. North America

10.4.1. Canada
10.4.2. Mexico
10.4.3. United States

10.5. Latin America

10.5.1. Argentina
10.5.2. Brazil
10.5.3. Rest of Latin America

11. Company Profile

11.1. Coil Innovation

11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments

11.2. GE

11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments

11.3. GETRA

11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments

11.4. Hilkar

11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments

11.5. Hitachi Energy

11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments

11.6. Hyosung Heavy Industries

11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments

11.7. MindCore Technologies

11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments

11.8. Nissin Electric

11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments

11.9. Phoenix Electric Corp.

11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments

11.10. Siemens Energy

11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments

11.11. Others

12. Conclusion

13. List of Abbreviations

14. 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.

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Frequently Asked Questions About This Report

How big is the Air Core Single Phase Shunt Reactor Market?

Air Core Single Phase Shunt Reactor Market is projected to reach USD 1226.01 million by 2034, growing at a CAGR of 7.18% during the forecast period.

What is the growth rate of the Air Core Single Phase Shunt Reactor Market?

Air Core Single Phase Shunt Reactor Market grew in Market size from 2025. The Market is expected to reach USD 1226.01 million by 2034, at a CAGR of 7.18% during the forecast period.

What is the anticipated CAGR of the Air Core Single Phase Shunt Reactor Market?

Air Core Single Phase Shunt Reactor Market CAGR of 7.18% during the forecast period.

How can I get a sample report on the Air Core Single Phase Shunt Reactor Market?

How can I get a sample report on the Air Core Single Phase Shunt Reactor Market? You can get the sample pages by clicking the link - Click Here

What is the Market size of the Air Core Single Phase Shunt Reactor Market?

Air Core Single Phase Shunt Reactor Market size is USD 1226.01 million from 2025 to 2034.

Which segment is expected to Air Core Single Phase Shunt Reactor Market?

Air Core Single Phase Shunt Reactor Market is covered By Product, By End Use

Which region is expected to have the highest Market share in the Air Core Single Phase Shunt Reactor Market?

U.S. is anticipated to have the highest Market share in the Air Core Single Phase Shunt Reactor Market.

Who are the key players in Air Core Single Phase Shunt Reactor Market?

Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric Corp., Siemens Energy.

What is the conclusion of the Air Core Single Phase Shunt Reactor Market?

The report includes an in-depth analysis of the Global Air Core Single Phase Shunt Reactor Market, including market size and trends, product mix, Applications, and supplier analysis