- In March 2022, Siemens Energy sold its 35% stake in the joint venture Voith Hydro, formerly known as Voith Siemens Hydro Power Generation. This divestment resulted in Voith Group becoming the sole owner of the Voith Hydro Group Division. The transaction aligns with Siemens Energy's strategy to refine its portfolio and focus on core business areas
- In January 2022, Trench Group, a subsidiary of Siemens Energy, unveiled its 500kV Dry-Type Reactor, claiming it to be the world's first of its kind. The company also announced the capability to manufacture high-voltage dry-type reactors with ratings up to 550 kV. This innovation represents a significant milestone in reactor technology, offering a safer and more efficient solution for high-voltage applications without the use of oil
- In July 2021, Grid Solutions, a GE Renewable Energy business, secured a contract with Power Grid Corporation of India Limited (PGCIL) to supply 32 units of 765 kV reactors and 13 units of 765 kV transformers. These equipment will be installed in Rajasthan to facilitate the evacuation of 8.1 gigawatts (GW) of power from the state's solar energy zones. The project underscores the commitment to expanding renewable energy infrastructure in India, supporting the country's transition to clean energy
- In April 2021, GE Renewable Energy's Grid Solutions business and Hitachi ABB Power Grids Ltd. (now Hitachi Energy) entered into a cross-licensing, non-exclusive agreement to utilize an alternative gas to sulfur hexafluoride (SF6) in high-voltage equipment. This collaboration enables both companies to leverage complementary intellectual property for developing SF6-free solutions. The agreement is a step forward in reducing the environmental impact of electrical equipment, promoting more sustainable technologies in the power sector
Frequently Asked Questions
The market is segmented based on Segmentation, By Product (Air-Core Dry Type and Oil Immersed), Phase (Single Phase and Three Phase), Rating (Fixed Shunt Reactor and Variable Shunt Reactor), Application (Residential and Industrial) – Industry Trends and Forecast to 2032
.
The Global Shunt Reactor Market size was valued at USD 2.85 USD Billion in 2024.
The Global Shunt Reactor Market is projected to grow at a CAGR of 4.5% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
