Global Air Core Reactors
Market Report
2024
Air Core Reactor market size was $3,510.28 Million in 2024 and it is forecasted to reach $5,652.41 Million by the end of 2030. Air Core Reactor Industry's Compound Annual Growth Rate will be 8.02% from 2024 to 2031
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Air Core Reactor market size was $3,510.28 Million in 2024 and it is forecasted to reach $5,652.41 Million by the end of 2030. Air Core Reactor Industry's Compound Annual Growth Rate will be 8.02% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Air Core Reactors Market Sales Revenue 2024 | $ 3510.28 Million |
Global Air Core Reactors Market Sales Revenue 2030 | $ 5652.41 Million |
Global Air Core Reactors Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.02% |
Market Split by Fuel |
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Market Split by End-use |
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Market Split by Sales Channel |
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Market Split by Product |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Air Core Reactors Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Air core reactors feature a core made of air or a non-ferrous or non-conductive substance. Air-core reactors are made up of a winding that is commonly twisted with wire, stranded wire, or thin copper or aluminum foils. They are supported by mechanical structures and rest on stand-off insulators, which determine the strength of the isolation system against ground potential.
There are two types of air core reactors in the market: dry and oil immersed. Air core reactors are ideal for high-frequency and current-limiting applications as they prevent saturation, eddy current loss, and hysteresis loss because they are free of ferromagnetic elements.
Thus, air-core reactors are primarily used in substations and are associated with rack-mounted capacitor banks. It successfully reduces reactive compensation and other capacitor-based equipment's switching peak in rush currents. These reactors, which are optimally constructed for the capacitor-rated current, help to reduce the incoming currents in order to safeguard the capacitors and their wiring.
The air core reactors also function as current-limiting reactors, minimizing short-circuit currents in downstream equipment. As a result, switchgear, cables, and other components can be engineered to have substantially lower short-circuit power.
Air-Core reactors have a linear impedance to current, which is critical in many applications. Air-core reactors are rarely used in low-voltage applications. They are utilized more frequently for medium-voltage applications because of their simpler isolation mechanism.
It is widely employed in a variety of applications, including capacitor switching, harmonic filtering, reactive power compensation, HVDC smoothing, valve reactors, and more. As a result, there is a considerable demand for air-core reactors.
Power is one of the most varied industries in the world. Power is one of the most vital components of infrastructure, critical for national economic growth and well-being. The availability and development of suitable power infrastructure are critical for the economy's long-term growth.
Power generating sources include coal, lignite, natural gas, oil, hydro, and nuclear power, as well as feasible non-conventional sources such as wind, solar, agricultural, and residential waste. Electricity demand in the countries has risen significantly and is anticipated to climb much higher in the coming years. To fulfill the country's growing need for power, substantial increases in installed generating capacity are necessary.
In 2021, worldwide energy demand increased by 6%, or 1,500 terawatt hours (TWh), the highest percentage increase since the global financial crisis of 2010. According to the Stated Policies Scenario, global electricity demand rises from 19 percent in 2018 to 24 percent in 2040. Thus, as of December 31, 2021, the United States had 24,645 electric generators at around 11,925 utility-scale electric power facilities.
The need for air-core reactors is increasing as the power generation sector expands. It compensates for dynamic power in utility and industrial networks. The key advantages include dynamic voltage support, improved system stability, power oscillation damping, reactive power balancing, flicker control, and loss reduction.
Air-core dry-type reactors are mostly used in electric power transmission and distribution systems, as well as in electrical plant power systems. They are placed to safeguard and improve the efficiency of these systems.
Similarly, the need for power inductors has evolved over the previous decades due to the continued development of electrical power technology, particularly the greater usage of semiconductors in electric power systems. The application range for air-core dry-type reactors has expanded due to the cost advantages of air-core reactor technology over iron-core reactors, as well as the benefits of air-core reactors' linear properties.
Additionally, the introduction of innovative weatherproof insulating materials and improved production processes has made it possible to utilize air-core dry-type reactors at the greatest voltage and power levels.
As a result, growth in the power generation industry propels the growth of the air core reactor market.
The term "mining activities" refers to the company's operations that involve or are connected with surface mining, underground mining, auger mining, processing, selling, or transporting coal and coal by-products, as well as the provision of services in these areas. Mining operations include prospecting, exploring, building, operating, maintaining, expanding, abandoning, decommissioning, and reusing a mine.
Mining contributes significantly to the GDP of the respective countries. The mining sector not only sustains thousands of employments but also supplies essential raw materials, minerals, and metals to the economy. They lay the groundwork for advancements in the invention, engineering, and contemporary life. As a result, mining activity has increased globally.
Since the mine's electrical systems have an impact on how efficiently it operates, an air core reactor is crucial to these mining activities. It is utilized for dynamic voltage stabilization, synchronous stability improvement, and steady-state voltage support. The air core reactor could also be required for dynamic load balancing in mining facilities that use big electrical motors and other variable load equipment.
Similarly, outdoor air core reactors (OACR) use a patented structure to provide the windings with the greatest levels of mechanical strength and environmental protection. This design has been demonstrated with reactors and hundreds of mining sites functioning in harsh environments.
They are also utilized for dynamic voltage stabilization, synchronous stability improvement, and steady-state voltage support. The SVC could be necessary for dynamic load balancing in mining industrial sites that use huge electrical motors and other variable load equipment.
Air-core reactors are widely used in several industries for different applications. However, several technical issues related to air-core reactors can hinder the growth of the market.
Stray magnetic fields are quite strong in air-core reactors. These fields can interfere with other power system equipment, generate eddy currents (which can cause heating) in neighboring buildings, and pose a health risk to those who have pacemakers or other medical devices. Due to errant magnetic fields, space needs are also another issue with air-core reactors.
Air core reactors are widely used in power generation, transmission and distribution networks, industrial facilities, original equipment manufacturers (OEMs) and electrical test laboratories, steel mills, cranes, arc furnaces, paper mills, mining companies, and others. The majority of the global economy comes from these sectors. Over the decade, industrial activities have expanded quickly which, in turn, increase equipment revenue.
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Siemens is a Germany-based company specializing in the areas of electrification, automation, and digitalization. The company is operating under four segments: digital industries, mobility, smart infrastructure, and Healthineers.
The products and services offered by the company include building technology, drive technology, energy, financing, healthcare, industrial automation, mobility, software, communication, and others. Building technology includes energy and sustainability, fire safety, and others. Drive technology includes converters, digitalization, motors, and others. its industrial automation product category offers automation systems, RFID solutions and locating, industrial communication, industrial controls, industry software, operator control and monitoring systems, and others.
BREENERGY
BREENERGY is a manufacturer of electric equipment. Products offered by the comapny are capacitors, reactors, three-pole capacitor bank switches, and solution lines. Capacitors include high-frequency capacitors, medium-voltage capacitors (mh), mpt low-voltage capacitors, capacitors for surge protection, three-phase capacitors (th), and others. further, reactors include inrush limiting reactors, harmonic filter reactors, and shunt reactors. In addition to manufacturing high-performance equipment, BREE also provides complete solutions for energy efficiency, reactive compensation, and custom harmonic filtering. It includes high-voltage and medium-voltage capacitor banks, low voltage capacitor banks, air-core reactor banks, aND passive harmonic filters.
Top Companies Market Share in Air Core Reactors Industry: (In no particular order of Rank)
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Air core reactors are majorly used in power generation, transmission and distribution networks, industrial facilities, OEM and electrical test laboratories. North America has major share in the market of air core reactors which is attributed by a vast network of power plants, transmission lines, and distribution centres that together make up the U.S. electric grid. It allows balance of supply and demand for the energy that powers everything from industry to household appliances.
Moreover, rise in the industrialization along with developed infrastructure increases the demand for power generation in North America. For instance, Americans' homes are energy hogs which results in much larger usage of energy by the U.S. in comparison to other countries. Total U.S. electricity end-use consumption in 2021 was about 2% higher than in 2020 largely because the economy recovered from the effects of the COVID-19 pandemic.
Asia Pacific region is expected to see the fastest CAGR growth due to urbanization, population change, climate change, and digitalization. Urbanization and demographic change are driving need for buildings that are smarter and more human-centric. Decarbonization is required due to climate change. As a result, there is a rising need for adaptable and reliable energy infrastructures, and the popularity of electric vehicles is expanding quickly. Structures and grids may undergo these changes, thanks to digitalization, which also makes it feasible to manage electricity distribution with a bigger proportion of renewable energy sources and create smarter buildings. The market for air core reactors in APAC will benefit greatly from this.
The current report Scope analyzes Air Core Reactors Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Air Core Reactors Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Air Core Reactors Industry growth. Air Core Reactors market has been segmented with the help of its Fuel, End-use Sales Channel, and others. Air Core Reactors market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
In 2018, the Dry Type with Air Core Revenue was USD 948.31 Million and it expected to reach at USD 1,886.44 Million in 2030. Air-core dry-type reactors are most commonly found in electric power transmission and distribution systems, as well as electrical plant power systems for a variety of purposes. It can be employed as the inductive component of tuned harmonic filters, for fault current limiting, power flow regulation, reactive compensation (shunt reactors), and other purposes. They can range from small devices weighing tens or hundreds of pounds and having power ratings of less than 100 kvar to large coils weighing 100,000 pounds or more and having power ratings in the 600 Mvar range (60 Hz equivalent).
Iron core reactors feature a core that saturates when design current levels are surpassed. These reactors have a low partial discharge, a high mechanical strength, a small volume, a low noise level, and a low loss. They are frequently utilized in power transmission and conversion systems, electrified trains, metallurgy, and the petrochemical industries. It is specifically utilized in underground substations with constrained installation space and unique fire protection needs, urban power grid substations, microcomputer-controlled stations with unique electromagnetic interference requirements, and substations in subterranean power grids.
Air core shunt reactors are manufactured in oil-immersed design. The oil-immersed air core reactor becomes the favored form of coupling reactor due to its low electromagnetic interference and excellent insulation strength. It primarily consists of a reactor body and an oil tank.
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In 2018, the Current Limiting Revenue in Air Core Reactor was USD 605.14 Million, and it will reach USD 1,213.81 Million in 2030. Air core current limiting reactors are one of the most effective short-circuit current limiting technologies. It lessens the strain on buses, insulators, circuit breakers, and other high-voltage equipment. Air core current limiting reactors are a cost-effective and practical method of restricting current. Reactors that limit current are produced up to 420 kV. These reactors are built to resist the rated current and fault currents for an extended length of time.
Air core power flow control reactors allow users to regulate the current in two or more parallel circuits. These reactors are linked in series in a power system (often a transmission line) to maximize power flow by changing the transfer impedance. They modify the line impedance so that the load flow can be managed, guaranteeing maximum power transfer over nearby transmission lines.
A capacitor-switching reactor is an air-core reactor that is designed to be used with capacitor banks. It is used to reduce harmful surge transients during the switching of the capacitor banks on and off.
Harmonic filter reactors, in conjunction with capacitor units and, on occasion, resistors, construct a filter circuit set to a certain frequency (resonance frequency) in order to minimize, block, or provide a low-impedance channel for harmonic currents in the audio frequency range. They are linked in either a parallel or a series manner. The reactors are built to fulfill particular design criteria such as quality factors and tolerance of inductance between phases as well as the reactor itself.
Reactive power compensation is becoming increasingly important in the industrial sector in order to cut energy expenses. Air-core reactors are widely used nowadays because to their low cost and simple maintenance. Air-core reactive power compensation reactors employ capacitor banks that are linked in series to transmission lines. It enhances voltage control and system transient stability, resulting in increased transmission line capacity, lower electrical losses, and cost savings.
Smoothing reactors are used in DC systems to minimize harmonic currents and transient over currents. They are utilized in High Voltage Direct Current (HVDC) connections as well as industrial applications like rectifiers and traction systems. Smoothing reactors help minimize the occurrence of alternation failure in inverters induced by voltage dips at the converter bus. DC filters are located on the line side of the HVDC smoothing reactor in shunt with the DC line, and their job is to lower harmonic currents on the DC line even more.
Several other applications of air core reactor include neutral-earthing, static var compensation (SVC), arc-furnace series reactors, motor starting, test laboratory reactors, electric arc furnace reactors, line & load reactors, test lab reactors, and plc
line traps, and others.
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Air core reactors feature a core made of air or a non ferrous or non conductive substance
Disclaimer:
Fuel | Dry Type with Air Core, Dry Type with Iron Core, Oil Emersed Type |
End-use | Current Limiting, Power Flow Control, Capacitor Switching, Harmonic Filtering, Reactive Power Compensation, HVDC Smoothing, Other |
Sales Channel | Direct Sales, Distributor |
Product | Capacitor Reactors, Current Limiting Reactors, Electric Arc Furnace Reactors/Buffer Reactors, Duplex Reactors, Load Flow Control Reactors |
List of Competitors | Siemens, ABB, Alstom (GE), Hitachi, Quality Power, Coil Innovation, Others |
This chapter will help you gain GLOBAL Market Analysis of Air Core Reactors. Further deep in this chapter, you will be able to review Global Air Core Reactors Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Fuel Analysis 2019 -2031, will provide market size split by Fuel. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fuel Analysis 2019 -2031
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Chapter 11 Market Split by End-use Analysis 2019 -2031
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Chapter 12 Market Split by Sales Channel Analysis 2019 -2031
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Chapter 13 Market Split by Product Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Air Core Reactors market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Dry Type with Air Core have a significant impact on Air Core Reactors market? |
What are the key factors affecting the Dry Type with Air Core and Dry Type with Iron Core of Air Core Reactors Market? |
What is the CAGR/Growth Rate of Current Limiting during the forecast period? |
By type, which segment accounted for largest share of the global Air Core Reactors Market? |
Which region is expected to dominate the global Air Core Reactors Market within the forecast period? |
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Country level Data Customization |
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Additional Data Analysis |
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Additional Quantitative Data |
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