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Air Core Single Phase Shunt Reactor Market Introduction and Overview
According to SPER market research, 'Global Air Core Single Phase Shunt Reactor Market Size- By Product, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Air Core Single Phase Shunt Reactor Market is predicted to reach 1226.01 million by 2034 with a CAGR of 7.18%.
An electrical device called an Air Core Single Phase Shunt Reactor is used in high-voltage transmission systems to control voltage and absorb surplus reactive power. Its core medium is air, as opposed to iron, which avoids magnetic saturation and guarantees steady operation under a range of load scenarios. Because of its single-phase architecture, which enables it to function on just one system phase, it is perfect for certain applications that need exact voltage control.
Restraints: The air core single phase shunt reactor market is confronted with several challenges and barriers that may hinder its growth. The substantial upfront costs associated with planning, constructing, and deploying air core reactors are a major barrier that could deter investment, especially in regions where expenses are an issue. Furthermore, nuclear reactors require more physical space than their iron-core equivalents, which makes it challenging to deploy them in locations with insufficient infrastructure or acreage.
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.
Global Air Core Single Phase Shunt Reactor Market Segmentation:
By Product: Based on the Product, Global Air Core Single Phase Shunt Reactor Market is segmented as; Fixed shunt reactors, Variable shunt reactors.
By End Use: Based on the End Use, Global Air Core Single Phase Shunt Reactor Market is segmented as; Electric utility, Renewable energy.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.