In high-voltage power systems, an electrical device known as an air core shunt reactor is primarily used to absorb reactive power and regulate voltage levels. Unlike traditional oil-immersed reactors, air core shunt reactors do not use magnetic cores made of laminated steel. Instead, they are held up by non-magnetic structures and are made up of helical or spiral windings of insulated conductors with air acting as the core medium. These reactors are commonly installed at substations or along transmission lines to help stabilize voltage by compensating for excess reactive power generated during light-load or long-distance power transmission scenarios.
According to SPER market research, ‘Global Air Core Shunt Reactor Market Size- By Phase, By Product, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Air Core Shunt Reactor Market is predicted to reach 1783.75 million by 2034 with a CAGR of 7.65%.
Drivers:
The air core shunt reactor market is growing rapidly on a global scale due to several fundamental factors. The increasing demand for energy due to urbanization, industry, and population increase is driving changes in transmission and distribution infrastructure to maintain voltage stability and reduce power losses. The need for reactive power adjustment is increased by voltage changes caused by the integration of renewable energy sources such as wind and solar, which air core shunt reactors may be able to supply. Utilities are increasingly choosing oil-free, low-maintenance air core designs because they are easier to maintain, have fewer energy losses, and are better for the environment than more traditional solutions.
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Restraints:
The global market for air core shunt reactors is hampered by several major factors. The costly initial installation cost, which includes expenses for site preparation, system commissioning, and procurement, is one major obstacle. In places with limited money, this can be very troublesome. These systems require complex and specialized maintenance, which drives up operational costs, particularly in locations with little technical expertise. A threat to the industry also comes from alternative reactive power compensation technologies, such as static VAR compensators and synchronous condensers, which are thought to be more adaptable or cost-effective in some circumstances.
Asia-Pacific leading the world market for air core shunt reactors. Due to significant investments in electrical infrastructure, industrialization, and increasing urbanization. Some of the key market players are Coil Innovation, GE, GETRA, Hilkar, Hitachi Energy, and others.
For More Information, refer to below link: –
Air Core Shunt Reactor Market Demand
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