Asia Pacific Shunt Reactor Market Size & Outlook

The shunt reactor market in Asia Pacific is expected to reach a projected revenue of US$ 1,147.7 million by 2030. A compound annual growth rate of 6.5% is expected of Asia Pacific shunt reactor market from 2024 to 2030.
Revenue, 2023 (US$M)
$739.5
Forecast, 2030 (US$M)
$1,147.7
CAGR, 2024 - 2030
6.5%
Report Coverage
Asia Pacific

Asia Pacific shunt reactor market, 2018-2030 (US$M)

Asia

Asia Pacific shunt reactor market highlights

  • The Asia Pacific shunt reactor market generated a revenue of USD 739.5 million in 2023.
  • The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
  • In terms of segment, oil-immersed shunt reactor was the largest revenue generating type in 2023.
  • Oil-Immersed Shunt Reactor is the most lucrative type segment registering the fastest growth during the forecast period.


Asia Pacific data book summary

Market revenue in 2023USD 739.5 million
Market revenue in 2030USD 1,147.7 million
Growth rate6.5% (CAGR from 2023 to 2030)
Largest segmentOil-immersed shunt reactor
Fastest growing segmentOil-Immersed Shunt Reactor
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOil-Immersed Shunt Reactor
Key market players worldwideABB Ltd, GE Aerospace, Siemens AG, Crompton Greaves Consumer Electricals, Toshiba Corporation, Fuji Electric Co Ltd, Mitsubishi Electric Corp, Nissin Electric, Trench Group, Hitachi Energy


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 27.8% of the global shunt reactor market in 2023.
  • Globally, North America 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 1,147.7 million by 2030.

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Shunt Reactor Market Scope

Shunt reactor market segmentation & scope
Oil-Immersed Shunt Reactor
Air-Core Shunt Reactor
Voltage
Single Phase
Three Phase
Application
Fixed
Variable
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait

Shunt Reactor Market Companies

Name Profile # Employees HQ Website

Asia Pacific shunt reactor 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 market will help companies and investors design strategic landscapes.


Oil-immersed shunt reactor was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific shunt reactor market based on oil-immersed shunt reactor 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 Asia Pacific shunt reactor market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific shunt reactor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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