Global Shunt Reactor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Oil-Immersed, Dry-Type), By End-User (Electrical Utilities, Industrial), And By Geography - Forecasts From 2022 To 2027

  • Published : Feb 2022
  • Report Code : KSI061611349
  • Pages : 150

The shunt reactor market is projected to witness a compounded annual growth rate of 4.99% to grow to US$3.243 billion by 2027, from US$2.306 billion in 2020.

A shunt reactor is a piece of electrical equipment used in high-voltage power transmission systems to stabilize the voltage during load variations. It is similar to a power transformer, but it has only one winding per phase as compared to a power transformer. In other words, shunt reactors are used to increase the power and energy system efficiency as it absorbs & compensate for the reactive power in cables and long high-voltage transmission lines.

Growing urbanization and increasing power consumption is anticipated to propel the market. Electricity is an indispensable part of the economy, as industries and households significantly rely on the uninterrupted supply of power. The emerging age of digitization and electrification is propelling the need for proper transmission of electricity more than ever before. In the coming era of high-speed trains/metro, smart cities, high-speed internet accessibility, and electric vehicles amongst others are heavily dependent on such reactors.

Not only urbanization but electricity outreach programs by various governments to rural areas are also key drivers propelling the demand for shunt reactors, especially in the Asia Pacific region. Increasing disposable income in countries like India, China, South Korea, and Indonesia amongst others, are taking significant steps to spread the electricity grid.

Market Growth Drivers:

Upgrading the power grid

Many nations understand with the increasing need for electricity, investing in the upgradation and modernization of the power grid will serve strong pillar in the growth of the nations. The power and utility sector in developed nations like the United States, the United Kingdom, and Germany, have been relying on outmoded technologies which are insufficient for the current needs of power in the industrial districts. The International Energy Agency estimates that in order to reach net-zero emissions by 2050, yearly investments in energy sector infrastructure and technology will need to rise from the current level of more than $1 trillion to $4 trillion by 2030. According to Princeton University, the US electrical transmission network would need to double in size by 2030. Increasing digitization and rising needs for electricity pose a drastic change in the infrastructure, with this the demand for the Shunt reactors is anticipated to increase in the coming year.

Key development:

  • In April 2022, Adani Electricity Mumbai Ltd announced that it put into service a 220kV Variable Shunt Reactor (VSR) at its Gorai EHV substation. With the installation of this 220kV, 48-120 MVAr Variable Shunt Reactor, AEML becomes one of the pioneering utilities in India.

COVID-19 Impact on the Shunt Reactor Market:

The COVID-19 pandemic negatively impacted the global shunt reactor market. The robust outbreak of the virus led to the implementation of numerous containment measures. A nationwide lockdown implemented to break the cycle of the virus led to trade and supply chain restrictions, which notably hampered market operations. Delayed power project construction and implementation resulted in the contraction of demand for shunt reactors.

Global Shunt Reactor Market Scope:


Report Metric Details
 Market Size Value in 2020  US$2.306 billion
 Market Size Value in 2027  US$3.243 billion
 Growth Rate  CAGR of 4.99% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments Covered  Type, End-User, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Hitachi ABB Power Grids, Siemens AG, General Electric Company, Fuji Electric Co. Ltd., Nissin Electric Co. Ltd., Zaporozhtransformator, Mitsubishi Electric Corporation, CG Power and Industrial Solutions Limited, Toshiba Energy and Solutions Corporation, Hyosung Heavy Industries
 Customization Scope  Free report customization with purchase


Market Segmentation:

  • By Type
    • Oil-Immersed
    • Dry Type
  • By End-User
    • Electrical Utilities
    • Industrial
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Others
    • Middle East And Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Australia
      • Japan
      • South Korea
      • India
      • Thailand
      • Taiwan
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Shunt Reactor Market was valued at US$2.306 billion in the year 2020.
The global shunt reactor market is projected to reach a market size of US$3.243 billion by 2027.
The global shunt reactor market is projected to witness a CAGR of 4.99% over the forecast period.
Growing urbanization and increasing power consumption is anticipated to propel the shunt reactor market.
The Asia-Pacific region is showcasing robust growth in the shunt reactor market as economies like China and India is relentlessly expanding their power generation and undertaking high investment.


1.1. Market Overview

1.2. Covid-19 Scenario

1.3. Market Definition

1.4. Market Segmentation



2.1. Research Data

2.2. Assumptions



3.1. Research Highlights



4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.4. Industry Value Chain Analysis



5.1. Introduction

5.2. Oil-immersed

5.3. Dry Type



6.1. Introduction

6.2. Electrical Utilities

6.3. Industrial



7.1. Introduction

7.2. North America

7.2.1. By Type

7.2.2. By End-User

7.2.3. By Country USA Canada Mexico

7.3. South America

7.3.1. By Type

7.3.2. By End-User

7.3.3. By Country Brazil Argentina Others

7.4. Europe

7.4.1. By Type

7.4.2. By End-User

7.4.3. By Country Germany France United Kingdom Italy Spain Others

7.5. Middle East and Africa

7.5.1. By Type

7.5.2. By End-User

7.5.3. By Country Saudi Arabia UAE Israel Others

7.6. Asia Pacific

7.6.1. By Type

7.6.2. By End-User

7.6.3. By Country China Australia Japan South Korea India Thailand Taiwan Indonesia Others



8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix



9.1. Hitachi ABB Power Grids

9.2. Siemens AG

9.3. General Electric Company

9.4. Fuji Electric Co. Ltd.

9.5. Nissin Electric Co. Ltd.

9.6. Zaporozhtransformator

9.7. Mitsubishi Electric Corporation

9.8. CG Power and Industrial Solutions Limited

9.9. Toshiba Energy and Solutions Corporation

9.10. Hyosung Heavy  Industries

Hitachi ABB Power Grids

Siemens AG

General Electric Company

Fuji Electric Co. Ltd.

Nissin Electric Co. Ltd.


Mitsubishi Electric Corporation

CG Power and Industrial Solutions Limited

Toshiba Energy and Solutions Corporation

Hyosung Heavy Industries