Air Core Single Phase Shunt Reactor Market Research Highlights and Growth Forecast 2034
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. A crucial part of contemporary power infrastructure, it is connected in parallel to the power network to protect electrical equipment, improve grid stability, and prevent overvoltage under low-load conditions.
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%.
Drivers:
A number of significant factors are driving the growth of the Air Core Single Phase Shunt Reactor Market. The growing need for high-voltage and long-distance networks, specifically for reliable and effective power transmission, is one of the main drivers. Utility firms are investing in grid modernization to reduce losses and increase reliability due to the increase in global energy consumption, which is helping to deploy advanced reactive power compensation devices. The utilization of renewable energy sources, such as wind and solar, results in fluctuations in voltage levels, which increases the need for shunt reactors and other devices that regulate voltage.
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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. Technical problems like noise and electromagnetic interference could complicate deployment. Furthermore, a lack of expertise and experience in handling and maintaining these specialized equipment may slow adoption in developing regions.
The U.S. market for air core single phase shunt reactors would grow significantly between 2024 and 2034, mainly due to government initiatives, the integration of renewable energy sources, and the deployment of new technologies into the grid. Some of the key market players are Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, Hyosung Heavy Industries, MindCore Technologies, Nissin Electric, Phoenix Electric Corp., Siemens Energy and others.
For More Information, refer to below link: –
Air Core Single Phase Shunt Reactor Market Demand
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