Oil Immersed Shunt Reactor Market Analysis

Product (Fixed, Variable)

By 2037, variable segment is anticipated to capture oil immersed shunt reactor market share of over 55.9%. The segment is witnessing massive growth due to improved and flexible operation. The ongoing innovations in materials, design, and cooling technologies have led to significant adoption. The new compact, efficient, and durable reactors are attracting more investment in this sector. This has further inspired global leaders to introduce advanced solutions for this segment. For instance, in October 2024, Hitachi elevated the scale of variable shunt reactor application up to 500 kV, supporting the onshore wind farm in Uzbekistan. The project aims to reduce carbon emissions while cost-effectively delivering flexible control over voltage stability.

Phase (Single Phase, Three Phase)

In terms of phase, the oil immersed shunt reactor market is projected to witness significant development in the three phase segment by the end of 2037. The growth in this segment is cumulated by several drivers such as enhanced grid management, technological advancement, and infrastructure upgradation. The increasing need for power network expansion has created a surge in high-voltage transmission. These three phase reactors are designed for industrial and utility-scale applications, making them preferable for three-phase power systems. Moreover, the ability to maintain a stable transmission of these high-end equipment has heightened its demand for reactive power compensation and voltage regulation.

Our in-depth analysis of the global market includes the following segments: