Oil Immersed Shunt Reactor Market Growth, Size, Demand and Future Challenges 2034
Global Oil Immersed Shunt Reactor Market Growth, Size, Trends Analysis - By Phase, By Product - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: POAE2566 | Pages: 1 - 250 | Formats*: |
| Category : Power & Energy | |||
Global Oil Immersed Shunt Reactor Market Introduction and Overview
According to SPER Market Research, the Global Oil Immersed Shunt Reactor Market is estimated to reach USD 22.89 billion by 2034 with a CAGR of 8.2%.
The report includes an in-depth analysis of the Global Oil Immersed Shunt Reactor Market, including market size and trends, product mix, Applications, and supplier analysis. The Global Oil Immersed Shunt Reactor Market was valued at USD 10.41 billion in 2024 and is estimated to grow at a CAGR 8.2% from 2025 to 2034. The market for oil-immersed shunt reactors is expected to increase significantly as a result of grid modernization, growing electricity consumption, and the integration of renewable energy. With variable sources like solar and wind, these reactors assist stabilize voltage and increase transmission efficiency. Performance is being improved by technological developments in cooling, insulation, and control systems.
By Phase Insights
By 2034, the market for three-phase oil-immersed shunt reactors is anticipated to increase significantly. The primary factors propelling market expansion are grid development, connectivity, and the incorporation of renewable energy sources.
Additionally, reactors that are single-phase or three-phase are growing in popularity. These reactors have modular and adaptable designs that meet market and operational requirements.
By Product Insights
The rising adoption of fixed shunt reactors in power generation is expected to drive steady growth in this segment over the coming years. This expansion is largely due to the growing need for supply plants to improve system reliability through effective voltage regulation. On the other hand, the growth of the variable shunt reactor segment is fueled by their operational flexibility and adaptability, which are particularly valuable for supporting grids that rely on renewable energy sources.
Regional Insights
With more money being spent on updating grid systems and developing renewable energy sources, the North America market for oil-immersed shunt reactors is expected to rise significantly over the next several years. Shunt reactors are in high demand because of the increasing integration of solar and wind energy, which helps to improve grid stability and decrease idle time in power supplies.
Furthermore, the oil-immersed shunt reactor market in the Asia Pacific region is expanding quickly due to the integration of renewable energy resources, grid extensions, and urbanization. This is particularly true in China and India, where there is a significant need to remodel transmission networks.
Market Competitive Landscape
Major players in the Oil Immersed Shunt Reactor Market are focussing on extending their global footprint by building new manufacturing facilities and purchasing local businesses. They are also spending in R&D to improve the efficiency and performance of their offerings. Leading Oil Immersed Shunt Reactor Market players are pursuing a variety of methods to acquire a competitive advantage, including delivering customised solutions, providing value-added services, and developing strategic alliances with other companies in the industry.
Recent Developments:
In November 2024, Ørsted and Hyosung Heavy Industries, a significant player in the offshore wind power industry, announced a USD 0.20 billion deal. In addition to having a strong reputation in the offshore wind sector, Hyosung has shown a broader commitment to the renewable energy sector. Hyosung will supply essential high-voltage equipment as part of the deal to help Ørsted achieve its goals of promoting offshore wind installations.
In February 2024, In order to build 765-kilovolt reactors in the Karnataka and Rajasthan regions, GE Vernova Grid Solutions signed new development contracts with India Power Grid Corporation worth millions of dollars. These contracts are expected to be managed by GE T&D. In contrast, India is in charge of the program's design, execution, marketing, and performance from Vadodara. By 2025 or 2026, all of those initiatives hope to improve India's electrical transmission infrastructure.
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 |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | CG Power & Industrial Solutions, Fuji Electric, GBE, GE, GETRA, Hitachi Energy, Hyosung Heavy Industries, Nissin Electric, SGB SMIT, Shrihans Electricals. |
Key Topics Covered in the Report
- Global Oil Immersed Shunt Reactor Market Size (FY’2021-FY’2034)
- Overview of Global Oil Immersed Shunt Reactor Market
- Segmentation of Global Oil Immersed Shunt Reactor Market By Phase (Single phase, Three phase)
- Segmentation of Global Oil Immersed Shunt Reactor Market By Product (Fixed shunt reactor, Variable shunt reactor)
- Statistical Snap of Global Oil Immersed Shunt Reactor Market
- Expansion Analysis of Global Oil Immersed Shunt Reactor Market
- Problems and Obstacles in Global Oil Immersed Shunt Reactor Market
- Competitive Landscape in the Global Oil Immersed Shunt Reactor Market
- Details on Current Investment in Global Oil Immersed Shunt Reactor Market
- Competitive Analysis of Global Oil Immersed Shunt Reactor Market
- Prominent Players in the Global Oil Immersed Shunt Reactor Market
- SWOT Analysis of Global Oil Immersed Shunt Reactor Market
- Global Oil Immersed Shunt Reactor Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.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.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Oil Immersed Shunt Reactor Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Oil Immersed Shunt Reactor Market
7.Global Oil Immersed Shunt Reactor Market, By Phase (USD Million) 2021-2034
7.1.Single phase7.2.Three phase
8.Global Oil Immersed Shunt Reactor Market, By Product (USD Million) 2021-2034
8.1.Fixed shunt reactor
8.2.Variable shunt reactor
9.Global Oil Immersed Shunt Reactor Market, (USD Million) 2021-2034
9.1.Global Oil Immersed Shunt Reactor Market Size and Market Share
10.Global Oil Immersed Shunt Reactor Market, By Region, (USD Million) 2021-2034
10.1.Asia-Pacific
10.1.1.Australia10.1.2.China10.1.3.India10.1.4.Japan10.1.5.South Korea10.1.6.Rest of Asia-Pacific
10.2.Europe
10.2.1.France10.2.2.Germany10.2.3.Italy10.2.4.Spain10.2.5.United Kingdom10.2.6.Rest of Europe
10.3.Middle East and Africa
10.3.1.Kingdom of Saudi Arabia10.3.2.United Arab Emirates10.3.3.Qatar10.3.4.South Africa10.3.5.Egypt10.3.6.Morocco10.3.7.Nigeria10.3.8.Rest of Middle-East and Africa
10.4.North America
10.4.1.Canada10.4.2.Mexico10.4.3.United States
10.5.Latin America
10.5.1.Argentina10.5.2.Brazil10.5.3.Rest of Latin America
11.Company Profile
11.1.CG Power & Industrial Solutions
11.1.1.Company details11.1.2.Financial outlook11.1.3.Product summary11.1.4.Recent developments
11.2.Fuji Electric
11.2.1.Company details11.2.2.Financial outlook11.2.3.Product summary11.2.4.Recent developments
11.3.GBE
11.3.1.Company details11.3.2.Financial outlook11.3.3.Product summary11.3.4.Recent developments
11.4.GE
11.4.1.Company details11.4.2.Financial outlook11.4.3.Product summary11.4.4.Recent developments
11.5.GETRA
11.5.1.Company details11.5.2.Financial outlook11.5.3.Product summary11.5.4.Recent developments
11.6.Hitachi Energy
11.6.1.Company details11.6.2.Financial outlook11.6.3.Product summary11.6.4.Recent developments
11.7.Hyosung Heavy Industries
11.7.1.Company details11.7.2.Financial outlook11.7.3.Product summary11.7.4.Recent developments
11.8.Nissin Electric
11.8.1.Company details11.8.2.Financial outlook11.8.3.Product summary11.8.4.Recent developments
11.9.SGB SMIT
11.9.1.Company details11.9.2.Financial outlook11.9.3.Product summary11.9.4.Recent developments
11.10.Shrihans Electricals
11.10.1.Company details11.10.2.Financial outlook11.10.3.Product summary11.10.4.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.
Frequently Asked Questions About This Report
Oil Immersed Shunt Reactor Market is projected to reach USD 22.89 billion by 2034, growing at a CAGR of of 8.2% during the forecast period.
Oil Immersed Shunt Reactor Market grew in Market size from 2025. The Market is expected to reach USD 22.89 billion by 2034, at a CAGR of 8.2% during the forecast period.
Oil Immersed Shunt Reactor Market CAGR of 8.2% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Oil Immersed Shunt Reactor Market size is USD 22.89 billion from 2025 to 2034.
Oil Immersed Shunt Reactor Market is covered By Phase, By Product
The North America is anticipated to have the highest Market share in the Oil Immersed Shunt Reactor Market.
CG Power & Industrial Solutions, Fuji Electric, GBE, GE, GETRA, Hitachi Energy, Hyosung Heavy Industries, Nissin Electric, SGB SMIT, Shrihans Electricals.
The report includes an in-depth analysis of the Global Oil Immersed Shunt Reactor Market, including market size and trends, product mix, Applications, and supplier analysis.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
