Market Overview:
The global air core reactors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for air core reactors in various applications such as current limiting, power flow control, capacitor switching, harmonic filtering, reactive power compensation and HVDC smoothing. Additionally, the growing demand for energy efficient solutions across different industries is also contributing to the growth of this market. Based on type, the global air core reactors market can be segmented into dry type and oil immersed type. The dry type segment is expected to grow at a higher CAGR than the oil immersed type segment during the forecast period. This can be attributed to its advantages such as low installation cost and easy maintenance compared with oil immersed types. Based on application, the global air core reactors market can be divided into current limiting, power flow control, capacitor switching, harmonic filtering reactive power compensation and HVDC smoothing segments.
Product Definition:
Air core reactors are a type of nuclear reactor in which the fuel is in the form of a gas or plasma. They are important because they can operate at very high temperatures, making them ideal for use in power generation and propulsion applications.
Dry Type:
Dry type air core reactors are used in applications where the liquid level is below the reactant level. These reactors are also referred to as dry mix or dry pack. The reactants do not get mixed with each other, but only with the support of a surrounding medium which can be made of paper, plastic film, metal foil or even glass wool.
The supporting medium has to have high surface area.
Oil Immersed Type:
Oil Immersed Type (OIT) is a technology used in air core reactors to improve the thermal efficiency of the fuel. The OIT process allows for higher operating temperatures which results in more energy being generated per unit of weight/volume of feedstock, i.e., coal or biomass.
The major advantage offered by this technology is that it allows for easy removal.
Application Insights:
The current limiting application segment accounted for the largest share of over 40.0% in 2017. The air core reactor is used to provide a stable power flow with improved efficiency and shorter reactivity time as compared to conventional reactors. It is also used in applications, such as power flow control, where line loss or phase shifting may occur due to large differences between the phase center frequency and natural frequencies of transmission lines.
The capacitor switching application segment is expected register the fastest CAGR from 2018 to 2030 owing to its ability provide high-frequency reactive power compensation along with excellent short-term stability during load changes and long-term reliability at normal operating temperatures when compared with other types of reactors that are currently available on the market. This makes it suitable for use in medium voltage switchgear systems across various industries including oil & gas, petrochemicals, industrial manufacturing etc.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to increasing demand for clean energy. The U.S., being a developed nation, has witnessed an increase in investments and development of advanced technologies pertaining to HVAC systems, which is anticipated to bode well for the regional market growth over the coming years.
Asia Pacific air core reactor industry is projected to witness substantial growth during the forecast period due its developing economies such as China and India coupled with rising industrialization across these nations. In addition, growing awareness regarding environmental protection along with stringent government regulations are driving manufacturers based in Asia Pacific region toward adopting ACRs technology for power generation applications thereby boosting overall revenue share of this segment during the same period.
Europe was estimated as one of the largest markets by CSA.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Rising concerns over climate change and air pollution, which is driving the adoption of clean energy technologies such as Air Core Reactors
- Favorable government policies and incentives for the deployment of clean energy technologies
- Rapid technological advancements that are making Air Core Reactors more efficient and cost-effective
- Growing awareness about the benefits of Air Core Reactors among consumers and businesses
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Core Reactors Market Research Report
By Type
Dry Type, Oil Immersed Type
By Application
Current Limiting, Power Flow Control, Capacitor Switching, Harmonic Filtering, Reactive Power Compensation, HVDC Smoothing
By Companies
ABB, GE, Siemens, Phoenix Electric Corporation, FdueG srl, Laxmi Electronics, United Automation, Trench Group, Hilkar, Beijing Power Equipment Group (BPEG), ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Air Core Reactors Market Report Segments:
The global Air Core Reactors market is segmented on the basis of:
Types
Dry Type, Oil Immersed Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Current Limiting, Power Flow Control, Capacitor Switching, Harmonic Filtering, Reactive Power Compensation, HVDC Smoothing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- GE
- Siemens
- Phoenix Electric Corporation
- FdueG srl
- Laxmi Electronics
- United Automation
- Trench Group
- Hilkar
- Beijing Power Equipment Group (BPEG)
- ABB
Highlights of The Air Core Reactors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dry Type
- Oil Immersed Type
- By Application:
- Current Limiting
- Power Flow Control
- Capacitor Switching
- Harmonic Filtering
- Reactive Power Compensation
- HVDC Smoothing
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Core Reactors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air Core Reactors are a type of nuclear reactor that uses air as the primary coolant. This makes them unique compared to other types of reactors, as they are not reliant on water or oil for cooling. Air Core Reactors have been shown to be more efficient and less expensive than traditional nuclear reactors, making them a potential option for future energy production.
Some of the major companies in the air core reactors market are ABB, GE, Siemens, Phoenix Electric Corporation, FdueG srl, Laxmi Electronics, United Automation, Trench Group, Hilkar, Beijing Power Equipment Group (BPEG), ABB.
The air core reactors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Core Reactors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Core Reactors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Core Reactors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Core Reactors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Core Reactors Market Size & Forecast, 2018-2028
4.5.1 Air Core Reactors Market Size and Y-o-Y Growth
4.5.2 Air Core Reactors Market Absolute $ Opportunity
Chapter 5 Global Air Core Reactors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Air Core Reactors Market Size Forecast by Type
5.2.1 Dry Type
5.2.2 Oil Immersed Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Air Core Reactors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Air Core Reactors Market Size Forecast by Applications
6.2.1 Current Limiting
6.2.2 Power Flow Control
6.2.3 Capacitor Switching
6.2.4 Harmonic Filtering
6.2.5 Reactive Power Compensation
6.2.6 HVDC Smoothing
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Core Reactors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Core Reactors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Air Core Reactors Analysis and Forecast
9.1 Introduction
9.2 North America Air Core Reactors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Air Core Reactors Market Size Forecast by Type
9.6.1 Dry Type
9.6.2 Oil Immersed Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Air Core Reactors Market Size Forecast by Applications
9.10.1 Current Limiting
9.10.2 Power Flow Control
9.10.3 Capacitor Switching
9.10.4 Harmonic Filtering
9.10.5 Reactive Power Compensation
9.10.6 HVDC Smoothing
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Air Core Reactors Analysis and Forecast
10.1 Introduction
10.2 Europe Air Core Reactors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Air Core Reactors Market Size Forecast by Type
10.6.1 Dry Type
10.6.2 Oil Immersed Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Air Core Reactors Market Size Forecast by Applications
10.10.1 Current Limiting
10.10.2 Power Flow Control
10.10.3 Capacitor Switching
10.10.4 Harmonic Filtering
10.10.5 Reactive Power Compensation
10.10.6 HVDC Smoothing
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Air Core Reactors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Air Core Reactors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Air Core Reactors Market Size Forecast by Type
11.6.1 Dry Type
11.6.2 Oil Immersed Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Air Core Reactors Market Size Forecast by Applications
11.10.1 Current Limiting
11.10.2 Power Flow Control
11.10.3 Capacitor Switching
11.10.4 Harmonic Filtering
11.10.5 Reactive Power Compensation
11.10.6 HVDC Smoothing
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Air Core Reactors Analysis and Forecast
12.1 Introduction
12.2 Latin America Air Core Reactors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Air Core Reactors Market Size Forecast by Type
12.6.1 Dry Type
12.6.2 Oil Immersed Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Air Core Reactors Market Size Forecast by Applications
12.10.1 Current Limiting
12.10.2 Power Flow Control
12.10.3 Capacitor Switching
12.10.4 Harmonic Filtering
12.10.5 Reactive Power Compensation
12.10.6 HVDC Smoothing
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Air Core Reactors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Air Core Reactors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Air Core Reactors Market Size Forecast by Type
13.6.1 Dry Type
13.6.2 Oil Immersed Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Air Core Reactors Market Size Forecast by Applications
13.10.1 Current Limiting
13.10.2 Power Flow Control
13.10.3 Capacitor Switching
13.10.4 Harmonic Filtering
13.10.5 Reactive Power Compensation
13.10.6 HVDC Smoothing
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Core Reactors Market: Competitive Dashboard
14.2 Global Air Core Reactors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 GE
14.3.3 Siemens
14.3.4 Phoenix Electric Corporation
14.3.5 FdueG srl
14.3.6 Laxmi Electronics
14.3.7 United Automation
14.3.8 Trench Group
14.3.9 Hilkar
14.3.10 Beijing Power Equipment Group (BPEG)
14.3.11 ABB
