Latin America Shunt Reactor Circuit Market Size & Outlook

The shunt reactor circuit market in Latin America is expected to reach a projected revenue of US$ 289.3 million by 2030. A compound annual growth rate of 6% is expected of Latin America shunt reactor circuit market from 2024 to 2030.
Revenue, 2023 (US$M)
$193.0
Forecast, 2030 (US$M)
$289.3
CAGR, 2024 - 2030
6%
Report Coverage
Latin America

Latin America shunt reactor circuit market, 2018-2030 (US$M)

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Latin America shunt reactor circuit market highlights

  • The Latin America shunt reactor circuit market generated a revenue of USD 193.0 million in 2023.
  • The market is expected to grow at a CAGR of 6% from 2024 to 2030.
  • In terms of segment, oil-immersed was the largest revenue generating type in 2023.
  • Oil-Immersed is the most lucrative type segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 193.0 million
Market revenue in 2030USD 289.3 million
Growth rate6% (CAGR from 2023 to 2030)
Largest segmentOil-immersed
Fastest growing segmentOil-Immersed
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOil-Immersed
Key market players worldwideNissin Electric, ABB Ltd, Mitsubishi Corp, Fuji Electric Co Ltd, Toshiba Corporation, Siemens AG


Other key industry trends

  • In terms of revenue, Latin America region accounted for 7.6% of the global shunt reactor circuit market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,589.3 million by 2030.

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Shunt Reactor Circuit Market Scope

Shunt reactor circuit market segmentation & scope

Shunt Reactor Circuit Market Companies

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Latin America shunt reactor circuit market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shunt reactor circuit market will help companies and investors design strategic landscapes.


Oil-immersed was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America shunt reactor circuit market based on oil-immersed covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America shunt reactor circuit market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America shunt reactor circuit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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