Shunt Reactor market is projected to grow at a CAGR of 2% during the forecasting period 2021-2027. During the forecast period, the oil-immersed segment is expected to rise at the fastest rate. Oil-immersed shunt reactors, which are wired directly to the high-voltage busbar/transmission network, are typically used for systems with a voltage profile of 72.5 kV and above.
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