Shunt Reactor Circuit Market Size to Surpass USD 5,269.59 Million by 2034, to Register a 6.3% CAGR From 2025 to 2034 [Yahoo! Finance]
SCHNEIDER ELEC UNSP/ADR (SBGSY)
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Source: Yahoo! Finance
New York, USA, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Market Overview The market for shunt reactor circuits is projected to grow, according to the latest research study by Polaris Market Research. The shunt reactor circuit market size was valued at USD 2,673.79 million in 2024 and is anticipated to grow to USD 5,269.59 million by 2034. It is projected to exhibit a CAGR of 6.3% during 2025–2034. What is Shunt Reactor Circuit? A shunt reactor circuit is an electronic device used for stabilizing voltage and increasing energy efficiency in high-voltage power systems. It acts as an absorber of reactive power, which is required to transfer electricity but must be absorbed and maintained to ensure the proper functioning of electrical devices. These reactor circuits are usually connected in parallel with an electrical system. Based on the voltage requirements, shunt reactor circuits may be permanently connected or can be switched off or on. Oil-immersed reactors and air-core reactors are th
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