Shunt Reactor Circuit Market Size To Surpass USD 5,269.59 Million By 2034, To Register A 6.3% CAGR From 2025 To 2034

(MENAFN- GlobeNewsWire - Nasdaq) Expanding renewable energy projects and the need for modernizing aging power infrastructure are driving the demand for shunt reactor circuits.

New York, USA, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Market Overview

The market for shunt reactor circuits is projected to grow, according to the latest research study by Polaris Market Research. The shunt reactor circuit market size was valued at USD 2,673.79 million in 2024 and is anticipated to grow to USD 5,269.59 million by 2034. It is projected to exhibit a CAGR of 6.3% during 2025–2034.

What is Shunt Reactor Circuit?

A shunt reactor circuit is an electronic device used for stabilizing voltage and increasing energy efficiency in high-voltage power systems. It acts as an absorber of reactive power, which is required to transfer electricity but must be absorbed and maintained to ensure the proper functioning of electrical devices. These reactor circuits are usually connected in parallel with an electrical system. Based on the voltage requirements, shunt reactor circuits may be permanently connected or can be switched off or on. Oil-immersed reactors and air-core reactors are the two main types of shunt reactor circuits. These reactor circuits find applications in urban networks, cable systems, and transmission lines.

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What Are Market Report Attributes?

Report Attributes	Details
Market Size Value in 2024	USD 2,673.79 million
Market Size Value in 2025	USD 2,859.09 million
Revenue Forecast by 2034	USD 5,269.59 million
CAGR	6.3% from 2025 to 2034
Base Year	2024
Historical Data	2020–2023
Forecast Period	2025–2034

Who Are Market Key Players?

The shunt reactor circuit market has the presence of several leading players. The key market participants, who are actively involved in the development and deployment of shunt reactors, include:

• Schneider Electric
• Mitsubishi Electric Corporation
• ABB Ltd.
• Siemens AG
• Toshiba Corporation
• Fuji Electric Co., Ltd.
• Takaoka Toko Co., Ltd.
• Trench Group
• Alstom SA
• Hyundai Electric & Energy Systems Co., Ltd.
• Crompton Greaves Limited

What's Driving Market Forward?

Integration of Advanced Technologies : Digitalization has had a significant impact on the way shunt reactor circuits are controlled, monitored, and maintained. The use of advanced sensors and IoT devices offers real-time data on performance metrics, enabling predictive maintenance and reducing operational downtime. Thus, the integration of advanced technologies drives the shunt reactor circuit market demand.

Adoption of Environmentally Friendly Solutions : The shift towards environment conservation and reducing climate change is driving the adoption of environmentally friendly shunt reactor circuit solutions, such as the development of low-loss magnetic materials and the use of biodegradable insulating oils.

Focus on Smart Grid Development : Smart grids necessitate advanced management of reactive power. In that respect, shunt reactors play a crucial role by stabilizing voltage levels and enhancing energy efficiency. The rising investments by major economies such as China and the US in smart grids are fueling the shunt reactor circuit market expansion.

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Which Region Leads Market Demand?

The shunt reactor circuit market research report offers market insights into all the major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific accounted for the largest revenue share in 2024. The regional market growth is primarily fueled by rapid industrialization and extensive infrastructure development, especially in major economies such as India and China. Also, the rising demand for electricity has led to a significant rise in the deployment of shunt reactors in the region.

The Europe shunt reactor circuit market is primarily influenced by the increasing focus on sustainability and energy efficiency in the region. Besides, rising investments by countries such as the UK and France in modernizing their aging power grids solidify the regional market position in the global market.

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How Is Market Segmentation Done?

By Type Outlook

• Oil-Immersed
• Air-Core

By Application Outlook

• Variable
• Fixed

By End Use Outlook

• Electrical Utilities
• Industrial Vertical

By Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

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About Polaris Market Research & Consulting, Inc:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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