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North America Shunt Reactor Market Share

Report ID: GMI7297
Published Date: Nov 2023
Report Format: PDF

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North America Shunt Reactor Market Share

Hitachi Energy Ltd. has established itself as a dominant player in the market, commanding a significant market share. Their success is underpinned by a combination of cutting-edge technology, a robust product portfolio, and a strong commitment to delivering reliable and efficient solutions. This has earned them the trust of utilities and infrastructure developers across the region, solidifying their position as a leading provider of shunt reactor solutions in North America.

The major contenders in the North America shunt reactor industry include:

Hyosung Heavy Industries
General Electric
Siemens Energy
Toshiba Corporation
Fuji Electric Co., Ltd.
Nissin Electric Co., Ltd.
Hitachi Energy Ltd.
Elgin Power Solutions
Shrihans Electricals Pvt. Ltd.
WEG
SGB SMIT
CHINT Group
MEIDENSHA CORPORATION
JSHP Transformer
Alstom

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America shunt reactor was crossed USD 340 million in 2022 and is estimated to reach USD 600 million by 2032, due to the increasing demand for electricity and the burgeoning need to maintain grid stability and voltage regulation in the region.

The three phase configuration segment of the North America shunt reactor market is expected to register over 6% CAGR through 2032, due to crucial role in enhancing grid stability, voltage control, and power quality.

U.S. shunt reactor industry is expected to record over 5% CAGR from 2023 to 2032, owing to the growing emphasis on grid modernization and the integration of renewable energy sources, such as wind and solar energy.

Some of the influential North America shunt reactor market players are Hyosung Heavy Industries, General Electric, Siemens Energy, Toshiba Corporation, Fuji Electric Co., Ltd., Nissin Electric Co., Ltd., Hitachi Energy Ltd., Elgin Power Solutions, and Shrihans Electricals Pvt. Ltd., among others.