Fixed Shunt Reactor Market

ID: MRFR/E&P/26636-HCR

128 Pages

Priya Nagrale

October 2025

Fixed Shunt Reactor Market Research Report By Power Rating (Less than 200 MVar, 200-500 MVar, 500-1000 MVar, More than 1000 MVar), By Voltage Level (Less than 100 kV, 100-250 kV, 250-500 kV, More than 500 kV), By Cooling Type (Oil Immersion, Air Core Design), By Application (Transmission System, Distribution System, Power Plants, Industrial Applications) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Summary Table of Contents Segmentation Download PDF

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Fixed Shunt Reactor Market Summary

The Global Fixed Shunt Reactor Market is projected to grow from 2.00 USD Billion in 2024 to 3.39 USD Billion by 2035, reflecting a robust CAGR of 4.91%.

Key Market Trends & Highlights

Fixed Shunt Reactor Key Trends and Highlights

The market is expected to expand significantly, reaching 3.39 USD Billion by 2035.
A compound annual growth rate of 4.91% is anticipated from 2025 to 2035.
In 2024, the market valuation stands at 2 USD Billion, indicating a solid foundation for future growth.
Growing adoption of fixed shunt reactors due to increasing demand for reactive power compensation is a major market driver.

Fixed Shunt Reactor Market

CAGR

4.92%

Market Size & Forecast

2024 Market Size	2.00 (USD Billion)
2035 Market Size	3.39 (USD Billion)
CAGR (2025-2035)	4.92%

Major Players

ABB, Siemens, General Electric, Toshiba, Schneider Electric, Hitachi, Shandong Electric Power Construction Third Engineering Co., Ltd., Hyosung Heavy Industries, PJSC Rosseti, Siemens Energy, PG Corporation, Mitsubishi Electric Corporation, Eaton, Southern Company, EDF Group, Terna SpA

Fixed Shunt Reactor Market Trends

Recent trends in the Fixed Shunt Reactor Market include the adoption of advanced technologies such as high-temperature superconductors (HTS) to enhance efficiency and reduce footprint. The market is also witnessing the development of compact and modular designs for easier installation and maintenance. Furthermore, the increasing demand for smart grid technologies is expected to drive the adoption of intelligent fixed-shunt reactors that can provide real-time monitoring and control capabilities.

The increasing demand for efficient power transmission and distribution systems is likely to drive the adoption of fixed shunt reactors, as they play a crucial role in enhancing voltage stability and reducing losses in electrical networks.

U.S. Department of Energy

Fixed Shunt Reactor Market Drivers

Growing Demand for Reactive Power Compensation

The Global Fixed Shunt Reactor Market Industry experiences a growing demand for reactive power compensation, which is essential for maintaining voltage levels in electrical networks. As industries expand and urbanization increases, the need for stable power supply becomes paramount. Fixed shunt reactors help mitigate voltage fluctuations, thereby enhancing the reliability of power systems. In 2024, the market is projected to reach 2 USD Billion, driven by the rising adoption of renewable energy sources that require effective voltage management. This trend indicates a robust growth trajectory as more utilities and industries recognize the importance of reactive power solutions.

Market Segment Insights

Fixed Shunt Reactor Market Segment Insights:

Fixed Shunt Reactor Market Power Rating Insights

Power Rating Outlook Based on the power rating, the global fixed shunt reactor market is segmented as less than 200 MVar, 200-500 MVar, 500-1000 MVar, and more than 1000 MVar. The 200-500 MVar segment is expected to grow in the coming years as the presence of the segment is attributed to the increase in demand for shunt reactors in the power transmission and distribution networks. The 500-1000 MVar segment is expected to witness substantial growth in the coming years as the rising inclination towards the adoption of high-voltage lines is propelling the growth of the segment.

Revenue Outlook Based on the revenue generated, the global fixed shunt reactor market is expected to generate a monetary value of USD 2.8 Billion by the end of 2032. The growth of the market is attributed to the rising demand for electricity, growing investment patterns in the power infrastructure, and the need to enhance grid stability and effectiveness. Regional Outlook On the regional front, the Asia-Pacific region is set to expand with the major share of the global fixed-shunt reactor market.

The region is estimated to account for more than 40% of the market by the end of the forecast period.

The growth of the Asia-Pacific region is attributed to the increase in expansions of the power generation and power transmission network, especially in countries such as China and India. The North American and European regions are also expected to expand in the coming years on account of the rising adoption of renewable energy sources and to cater to the needs of grid modernization. Leading Companies The established companies in the global fixed shunt reactor market are ABB, Siemens, General Electric, and Toshiba.

Fixed Shunt Reactor Market Voltage Level Insights

The Global Fixed Shunt Reactor Market is segmented by voltage level into Less than 100 kV, 100-250 kV, 250-500 kV, and More than 500 kV. Among these segments, the 250-500 kV segment is expected to hold the largest market share in 2023, accounting for around 40% of the Global Fixed Shunt Reactor Market revenue. This is due to the increasing demand for fixed-shunt reactors in this voltage range for power transmission and distribution applications.

The Less than 100 kV segment is expected to witness the fastest growth rate during the forecast period, owing to the growing adoption of fixed shunt reactors in low-voltage distribution networks.The 100-250 kV and More than 500 kV segments are also expected to contribute significantly to the overall market growth.

Fixed Shunt Reactor Market Cooling Type Insights

The Global Fixed Shunt Reactor Market is segmented by Cooling Type into Oil Immersion and Air Core Design. The Oil Immersion segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The high demand for Oil Immersion Fixed Shunt Reactors can be attributed to their ability to provide superior cooling performance, especially in applications where space is constrained.

Additionally, Oil Immersion Fixed Shunt Reactors offer lower maintenance costs and longer lifespan compared to Air Core Design Fixed Shunt Reactors.The Air Core Design segment is expected to witness a steady growth rate during the forecast period. This growth can be attributed to the increasing adoption of Air Core Design Fixed Shunt Reactors in renewable energy applications, such as solar and wind power plants. The growth of the market is attributed to the increasing demand for electricity and the need for efficient power transmission and distribution systems.

Fixed Shunt Reactor Market Application Insights

The Global Fixed Shunt Reactor Market is segmented by Application into Transmission Systems, Distribution Systems, Power Plants, and Industrial Applications. Among these, the Transmission System segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for reliable and efficient power transmission systems to meet the rising electricity demand. Additionally, government initiatives to upgrade and expand transmission infrastructure to reduce power losses and improve grid stability are driving the growth of this segment.

The Distribution System segment is also expected to witness significant growth during the forecast period. The increasing adoption of distributed energy resources, such as solar and wind power, is driving the need for efficient distribution systems to integrate these renewable energy sources into the grid. Moreover, the growing demand for electricity in urban areas is fueling the need for robust distribution systems to ensure reliable power supply.

Power Plants and Industrial Applications segments are also expected to contribute to the growth of the Global Fixed Shunt Reactor Market.Power plants require shunt reactors to regulate voltage and improve power factor, while industrial applications utilize shunt reactors to mitigate voltage fluctuations and enhance power quality. The increasing demand for electricity from data centers, manufacturing facilities, and other industrial sectors is expected to drive the growth of these segments.

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Regional Insights

The regional segmentation of the Global Fixed Shunt Reactor Market provides insights into the geographical distribution of market growth and potential. The market is segmented into five key regions: North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share in 2023, owing to the presence of well-established power infrastructure and increasing demand for reliable and efficient power transmission solutions.

Europe is projected to follow North America in terms of market size, driven by stringent environmental regulations and the growing adoption of renewable energy sources.APAC is expected to witness significant growth, attributed to rapid industrialization and urbanization in countries like China and India. South America and MEA are emerging markets with potential for growth as they seek to improve their power infrastructure and meet the growing demand for electricity.

Fixed Shunt Reactor Market Regional Insights

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

Major players in the Fixed Shunt Reactor Market industry are engaged in continuously enhancing their competitive edge over each other by introducing products with increased functionalities and features. Top companies operating in the Fixed Shunt Reactor Market are focused on the development of innovative solutions for their customers. Fixed Shunt Reactor Market players are involved in expanding their presence in the market to gain a larger share of the market. The various Market development activities include acquiring certificates, product R, and testing.

Fixed Shunt Reactor Market companies are involved in making business strategies which include mergers, acquisitions, and collaborations to increase their market presence.

Siemens Energy is one of the key players in the Global Fixed Shunt Reactor Market. Thus, Siemens Energy occupies a substantial share of the market. The Fixed Shunt Reactor Products offered by Siemens Energy are widely used and the company has a wide range of products offered in Fixed Shunt Reactor Products and Solutions. Siemens Energy has been able to establish itself in the market due to its Qualified R Teams, partnerships with various Fixed Shunt Reactor Market companies, and innovative solutions.

The wide range of presence of Siemens Energy in different regions helps the company to cater to a large number of customers depending on customer demand in different regions. Moreover, Siemens Energy is involved in updating technology, which helps in delivering efficient and reliable Fixed Shunt Reactor solutions.

ABB is another Fixed Shunt Reactor Market Company that has a prominent market presence. ABB offers numerous products for various applications in the Fixed Shunt Reactor Market and caters to customers of nearly all application types. ABB has a wide range of products in the Fixed Shunt Reactor Market and is involved in offering solutions that meet varying customer requirements. The product range of Fixed Shunt Reactor Products of ABB is wide and has a presence in all regions of the world where customized solutions according to customer requirements are provided.

ABB is involved in the R business with a high level of expertise in Power Electronics and Automation.

Key Companies in the Fixed Shunt Reactor Market market include

Industry Developments

The global fixed shunt reactor market is anticipated to grow steadily over the forecast period, reaching a value of approximately USD 3.23 billion by 2034, expanding at a CAGR of around 4.92% from 2025 to 2034.Recent developments in the industry include the growing adoption of renewable energy sources, which is driving the demand for shunt reactors to stabilize the grid. Additionally, the increasing focus on grid modernization and expansion is expected to contribute to market growth. Key players in the market are investing in research and development to enhance the efficiency and performance of fixed-shunt reactors.

Future Outlook

Fixed Shunt Reactor Market Future Outlook

The Fixed Shunt Reactor Market is projected to grow at a 4.92% CAGR from 2025 to 2035, driven by increasing demand for grid stability and renewable energy integration.

New opportunities lie in:

Develop advanced materials for enhanced reactor efficiency and longevity.
Invest in smart grid technologies to optimize reactor performance.
Expand into emerging markets with tailored solutions for local energy needs.

By 2035, the Fixed Shunt Reactor Market is expected to achieve robust growth, reflecting evolving energy demands and technological advancements.

Market Segmentation

Fixed Shunt Reactor Market Regional Outlook

North America
Europe
South America
Asia Pacific
Middle East and Africa

Fixed Shunt Reactor Market Application Outlook

Transmission System
Distribution System
Power Plants
Industrial Applications

Fixed Shunt Reactor Market Cooling Type Outlook

Oil Immersion
Air Core Design

Fixed Shunt Reactor Market Power Rating Outlook

Less than 200 MVar
200-500 MVar
500-1000 MVar
More than 1000 MVar

Fixed Shunt Reactor Market Voltage Level Outlook

Less than 100 kV
100-250 kV
250-500 kV
More than 500 kV

Report Scope

Report Attribute/Metric	Details
Market Size 2024	2.00 (USD Billion)
Market Size 2025	2.10 (USD Billion)
Market Size 2035	3.39 (USD Billion)
Compound Annual Growth Rate (CAGR)	4.92% (2025 - 2035)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2023
Market Forecast Units	USD Billion
Key Companies Profiled	Toshiba Corporation, Schneider Electric, Hitachi, Shandong Electric Power Construction Third Engineering Co., Ltd., Hyosung Heavy Industries, PJSC Rosseti, Siemens, PG Corporation, Mitsubishi Electric Corporation, Eaton, Southern Company, EDF Group, ABB, General Electric, Terna SpA
Segments Covered	Power Rating, Voltage Level, Cooling Type, Application, Regional
Key Market Opportunities	Increasing demand for electricity Growing adoption of renewable energy Expansion of transmission and distribution networks Technological advancements Government initiatives for grid modernization
Key Market Dynamics	Increased demand for power transmission Growing adoption of renewable energy sources Technological advancements Government regulations for grid stability Rising investments in infrastructure projects
Countries Covered	North America, Europe, APAC, South America, MEA

FAQs

What is the expected CAGR of the Global Fixed Shunt Reactor Market?

The CAGR of the Global Fixed Shunt Reactor Market is projected to be 4.92% from 2025 to 2034.

What is the projected valuation of the Global Fixed Shunt Reactor Market in 2034?

The Global Fixed Shunt Reactor Market is expected to reach a valuation of USD 3.23 billion by 2034.

Which region is expected to dominate the Global Fixed Shunt Reactor Market?

North American region is expected to dominate the Global Fixed Shunt Reactor Market throughout the forecast period.

What are the key applications of Fixed Shunt Reactors?

Fixed Shunt Reactors find applications in voltage regulation, power factor correction, and system stability.

Who are the major competitors in the Global Fixed Shunt Reactor Market?

Major competitors in the Global Fixed Shunt Reactor Market include ABB, Siemens, General Electric, and Toshiba.

What is the expected growth rate of the Global Fixed Shunt Reactor Market in the Asia-Pacific region?

The Asia-Pacific region is expected to witness a CAGR of 5.2% in the Fixed Shunt Reactor Market from 2024 to 2032.

What is the projected market size of the Global Fixed Shunt Reactor Market in 2023?

The Global Fixed Shunt Reactor Market is valued at USD 1.82 billion in 2023.

Which application segment is expected to hold the largest share of the Global Fixed Shunt Reactor Market?

The voltage regulation segment is expected to hold the largest share of the Global Fixed Shunt Reactor Market during the forecast period.

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