Oil Immersed Shunt Reactor Market Size

Oil Immersed Shunt Reactor Market size was over USD 1.5 billion in 2024 and is estimated to reach USD 3.3 billion by the end of 2037, expanding at a CAGR of 6.3% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of the oil immersed shunt reactor is assessed at USD 1.6 billion.

The growth in this sector is majorly driven by the initiatives taken to improve the infrastructure of the traditional power grids. The growing population and industries are creating pressure on the countries to accommodate an efficient power supply. The equipment such as shunt reactors helps to upgrade the electrical infrastructure to resolve the issue.

The effectiveness of this equipment has propelled a surge in the oil immersed shunt reactor market. Many countries are now adopting such solutions to empower their electricity distribution with more stability in an environment-friendly way. For instance, in December 2023, NTDC installed a shunt reactor in the 500-kV Guddu-Rahim Yar Khan Transmission Line. After doing all the tests at the spot of installation, Bay-2 of the transmission project, they energized the reactor successfully to enhance power system stability in the south region. The accepting nature of these public authorities towards new technologies is inspiring other countries to seek such sustainable solutions.