Fixed Shunt Reactor

Fixed Shunt Reactor Market Outlook

The global Fixed Shunt Reactor market is anticipated to reach approximately USD 3.1 billion by 2035, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2025 to 2035. This growth trajectory is driven by the increasing demand for stable voltage regulation in electrical grids, as utilities and industries strive to enhance power quality and reduce transmission losses. Additionally, the rapid expansion of renewable energy sources, coupled with the need for effective integration of these technologies into the power grid, is further propelling the demand for shunt reactors. The modernization of existing power infrastructure, along with investments in high-voltage transmission networks, has also contributed significantly to the market expansion. As electric power systems evolve, the requirement for shunt reactors to manage capacitive loads and ensure reliable operation becomes increasingly critical.

Growth Factor of the Market

Several factors are contributing to the growth of the Fixed Shunt Reactor market. Firstly, the growing demand for electricity, particularly in emerging economies, necessitates enhanced transmission capabilities and improved grid stability, thus boosting the demand for shunt reactors. Secondly, technological advancements in shunt reactor design and manufacturing processes have resulted in more efficient, reliable, and cost-effective solutions, which are appealing to end-users. Furthermore, the increasing focus on renewable energy integration, such as wind and solar power, requires effective voltage regulation, which can be achieved through the use of shunt reactors. The shift towards smart grid technologies and the increasing emphasis on energy efficiency are also catalyzing market growth, as shunt reactors play a crucial role in maintaining power quality. Lastly, regulatory initiatives aimed at reducing carbon emissions and improving energy efficiency in power transmission and distribution are creating a conducive environment for the growth of the shunt reactor market.

Key Highlights of the Market

• The global Fixed Shunt Reactor market is expected to reach USD 3.1 billion by 2035.
• Anticipated CAGR of 5.2% from 2025 to 2035.
• Rising demand for voltage regulation driven by renewable energy integration.
• Technological advancements improving efficiency and reliability.
• Regulatory support promoting energy efficiency and reduced emissions.

By Type

Oil Immersed Shunt Reactor:

Oil immersed shunt reactors are widely used in high voltage applications due to their excellent thermal performance and reliability. These reactors are filled with insulating oil, which helps in heat dissipation and enables them to operate efficiently under varying load conditions. The demand for oil immersed shunt reactors is primarily driven by their ability to handle high currents and maintain temperature stability, making them suitable for large-scale power plants and substations. Their robust design caters to long-term operation, which is critical in environments where consistent power quality is essential. With the increasing investment in high transmission infrastructure, the oil immersed segment is expected to witness steady growth.

Dry Type Shunt Reactor:

Dry type shunt reactors are gaining popularity due to their environmental advantages and lower maintenance requirements compared to oil immersed reactors. These reactors are designed to operate without any insulating fluid, which not only reduces the risk of environmental contamination but also makes them safer in terms of fire hazards. The dry type segment is particularly favored in urban areas where space is limited, and the need for improved air quality is a priority. With advancements in materials and design, dry type shunt reactors are becoming more efficient, further driving their adoption in various applications, particularly in Europe and North America.

Air Core Shunt Reactor:

Air core shunt reactors are characterized by their simple design and lightweight construction, making them suitable for specific applications where weight and space are constraints. These reactors utilize air as the magnetic core, which allows for better thermal dissipation and reduces losses associated with traditional core materials. The air core type is often employed in railway electrification and other applications where reduced weight and efficient heat management are paramount. The growing focus on innovative transportation solutions is expected to bolster the demand for air core shunt reactors in the coming years.

Iron Core Shunt Reactor:

Iron core shunt reactors are widely used due to their high inductance and cost-effectiveness, making them a prevalent choice in the industry. The iron core provides a pathway for magnetic flux, enabling these reactors to operate efficiently even at high voltage levels. They are commonly utilized in utility applications where high power handling capabilities are required. The demand for iron core shunt reactors is driven by infrastructure modernization projects aimed at improving transmission and distribution capabilities. However, the market is witnessing a shift towards more advanced types, which may impact future growth in this segment.

Magnetic Shielded Shunt Reactor:

Magnetic shielded shunt reactors are specifically designed to minimize the electromagnetic interference they produce, making them an ideal choice for sensitive applications. These reactors incorporate magnetic shielding technology, which helps in reducing stray magnetic fields and enhances the overall performance of the electrical system. The increasing need for high-quality power in sensitive environments, such as hospitals and data centers, is driving the adoption of magnetic shielded shunt reactors. As industries continue to prioritize maintaining power quality and reducing electromagnetic effects, this segment is expected to experience significant growth in the forthcoming years.

By Voltage Rating

Up to 200 kV:

Shunt reactors with a voltage rating of up to 200 kV are primarily utilized in distribution networks to assist in voltage regulation and reactive power compensation. These systems are essential for maintaining stability and efficiency within regional grids and are crucial for preventing voltage drops during peak demand periods. The demand for up to 200 kV shunt reactors is on the rise as utilities invest in infrastructure to enhance grid reliability and performance. This segment is particularly prominent in developing regions, where electrification efforts are ongoing and require robust solutions to ensure effective power distribution.

201-400 kV:

Reactors rated between 201-400 kV are instrumental in high voltage transmission systems. They play a critical role in managing reactive power and maintaining voltage levels across long-distance transmission lines. The increasing length of transmission lines due to the expansion of renewable energy projects necessitates the use of these reactors to support grid stability. As countries shift toward larger renewable energy projects, the demand for reactors in this voltage range is expected to surge, driven by both policy and technological advancements that promote renewable energy integration.

401-600 kV:

Shunt reactors in the 401-600 kV range are predominantly used in ultra-high voltage transmission systems where power needs are substantial. These reactors help to mitigate overvoltages and improve the efficiency of power transmission by compensating for line capacitance. The market for this voltage range is gaining momentum as more countries are investing in ultra-high voltage direct current (UHVDC) systems to transport electricity over long distances with minimal loss. The increasing demand for energy-efficient solutions in conjunction with regulatory frameworks supporting high voltage transmission is propelling the growth of this segment.

601-800 kV:

The 601-800 kV shunt reactors are vital for facilitating the operation of high voltage transmission networks that connect remote energy sources to urban centers. With the advent of new technologies that allow for more efficient long-distance energy transfer, the need for these high voltage shunt reactors is expected to rise significantly. They provide essential support in maintaining voltage levels and improving power quality, particularly in regions that are investing heavily in renewable energy infrastructure. As countries strive for energy independence and security, the demand for reactors in this voltage range will likely continue to see robust growth.

Above 800 kV:

Shunt reactors that operate above 800 kV are seen as critical components in ultra-high voltage projects, which are becoming increasingly common as global energy demand continues to rise. These reactors are engineered to handle exceptional voltage levels and are essential in preventing overvoltage conditions that could potentially damage electrical equipment. The increasing investments in mega power plants and extensive transmission networks are driving the demand for shunt reactors exceeding 800 kV. As governments and organizations pursue ambitious energy strategies, the demand for these high-capacity reactors is poised to grow significantly, fostering innovations in design and technology.

By Application

Electric Power Transmission:

In electric power transmission applications, shunt reactors play a pivotal role in ensuring the stability and reliability of the electrical grid. They are employed to manage reactive power, which helps maintain appropriate voltage levels during transmission over long distances. As power systems become more interconnected and complex, the need for effective voltage regulation through shunt reactors becomes increasingly critical. The growth in global electricity demand, coupled with the modernization of transmission infrastructure, is driving the adoption of shunt reactors in this sector. Utilities are investing in advanced power transmission technologies to improve efficiency, and shunt reactors are integral to these developments.

Electric Power Distribution:

In the electric power distribution sector, shunt reactors are utilized to mitigate voltage fluctuations and improve the overall quality of electricity delivered to end-users. They are essential for balancing reactive power in distribution networks, particularly during peak demand periods when voltage levels may drop significantly. As regions expand their electrical distribution networks to accommodate growing populations and urbanization, the demand for shunt reactors in this application is expected to rise. Furthermore, the regulatory push for enhanced grid reliability and performance standards will further bolster the installation of shunt reactors in distribution systems.

Railway Electrification:

Shunt reactors are increasingly being employed in railway electrification projects to manage reactive power and ensure proper functioning of the overhead line systems. With the growing emphasis on sustainable transportation solutions, electrified railways are becoming more prevalent, necessitating efficient power management systems. Shunt reactors help maintain voltage stability and reduce energy losses, making them essential components in modern railway systems. The significant investments being made in railway infrastructure around the globe are expected to drive the demand for shunt reactors in electrification projects, thereby contributing positively to market growth in this application.

HVDC Systems:

In high-voltage direct current (HVDC) systems, shunt reactors play a critical role in managing voltage levels and providing reactive power support. As the world shifts towards HVDC technology for more efficient long-distance power transmission, the demand for shunt reactors in this sector is expected to grow substantially. HVDC systems are particularly advantageous for connecting renewable energy sources to distant loads, and shunt reactors help stabilize these systems by mitigating voltage fluctuations. The increasing adoption of HVDC technology, driven by the need for improved grid efficiency and reliability, will foster significant market opportunities for shunt reactors in this application.

Others:

Other applications of shunt reactors include industrial processes, renewable energy systems, and various forms of commercial power management. The versatility of shunt reactors makes them suitable for a wide range of electrical applications where voltage regulation and reactive power control are necessary. As industries focus on improving their energy efficiency and sustainability, the use of shunt reactors in these ancillary applications is anticipated to grow. The ongoing advancements in power electronics and control technologies will further enhance the role of shunt reactors in diverse applications, leading to an expanded market presence.

By User

Utilities:

Utilities are the largest users of fixed shunt reactors, employing them for voltage regulation and reactive power compensation in electric power systems. These organizations manage vast networks of transmission and distribution lines, and the stability of their operations is crucial for reliable electricity delivery. The increasing demand for energy and the expansion of renewable energy sources are driving utilities to invest in shunt reactors to enhance grid reliability and efficiency. Additionally, utilities are focusing on modernizing their infrastructure to adapt to the evolving energy landscape, which further supports the growth of shunt reactors.

Industrial:

The industrial sector is witnessing a rising demand for fixed shunt reactors as companies seek to optimize their power consumption and maintain voltage stability in manufacturing processes. Industries with high electrical loads, such as metal processing and chemical production, require efficient power management solutions to avoid excessive costs and operational disruptions. Shunt reactors help mitigate power quality issues and improve energy efficiency, thereby providing significant economic benefits. With the ongoing industrialization in emerging economies, the demand for shunt reactors in this sector is expected to experience significant growth.

Commercial:

In the commercial segment, fixed shunt reactors are used to enhance power quality and reduce energy costs for various businesses, including retail and office complexes. As commercial establishments increasingly focus on energy efficiency and sustainability, the incorporation of shunt reactors into their electrical systems becomes essential. These reactors help manage reactive power, leading to lower electricity bills and improved operational efficiencies. The growing trend of smart buildings and energy management systems will further drive the adoption of shunt reactors in commercial applications.

Residential:

While the residential segment represents a smaller share of the fixed shunt reactor market, the demand is gradually increasing as homeowners become more aware of energy efficiency and power quality. Shunt reactors can help mitigate voltage fluctuations and improve the overall performance of residential electrical systems. As smart technology and renewable energy sources, such as solar panels, become more common in homes, the need for effective power management solutions, including shunt reactors, is expected to rise. This segment's expansion will likely be supported by policy initiatives promoting energy efficiency in residential settings.

By Region

The North American Fixed Shunt Reactor market is projected to grow significantly, with estimates indicating a value exceeding USD 900 million by 2035. The region is characterized by a well-established electrical infrastructure and a strong emphasis on modernizing existing systems to accommodate the growing demand for electricity. The increasing investments in renewable energy projects, coupled with regulatory support for grid stability initiatives, are driving the growth of shunt reactors in both transmission and distribution applications. In addition, advancements in technology and manufacturing processes are expected to enhance the performance and reliability of shunt reactors, further fueling market growth in North America.

In Europe, the Fixed Shunt Reactor market is anticipated to grow at a CAGR of 5.5%, reaching a value of over USD 850 million by 2035. The European market is witnessing a surge in investment in renewable energy sources, necessitating the integration of shunt reactors to manage the resulting voltage fluctuations and maintain grid stability. The region's strict environmental regulations and initiatives aimed at reducing carbon emissions are also driving the need for efficient power systems that can accommodate the increasing share of renewables. As countries strive to enhance their energy infrastructure and resilience against climate change, the demand for shunt reactors in Europe is expected to continue to grow robustly.

Opportunities

The growing emphasis on renewable energy sources presents significant opportunities for the Fixed Shunt Reactor market. As countries worldwide accelerate their transition toward sustainable energy, the need for advanced power management solutions becomes paramount. Shunt reactors play a critical role in integrating renewable energy into existing power grids, helping to mitigate voltage fluctuations and improve overall power quality. This trend is particularly evident in regions with ambitious renewable energy targets, where investments in shunt reactors are expected to rise substantially. Furthermore, as the technology surrounding shunt reactors evolves, innovative designs and improved efficiencies will create new avenues for market players to explore, thereby enhancing their competitive positioning.

Another noteworthy opportunity lies in the modernization of aging power infrastructure. Many countries are investing in upgrading their electrical grids to meet current and future energy demands while enhancing reliability and efficiency. Shunt reactors are essential components of these modernization efforts, as they provide effective voltage regulation and reactive power management. Market participants that position themselves to capitalize on infrastructure development projects, particularly in emerging economies where electrification is ongoing, are likely to experience substantial growth. The convergence of smart grid technologies and shunt reactor applications also presents a unique opportunity for innovation and growth, enabling operators to optimize their energy systems effectively.

Threats

Despite the promising growth prospects, the Fixed Shunt Reactor market faces several threats that could impact its trajectory. One major threat is the volatility of raw material prices, which can significantly affect production costs and, consequently, profit margins for manufacturers. The fluctuations in oil prices and the availability of essential materials used in reactor construction may lead to increased costs and supply chain disruptions. Additionally, the emergence of alternative technologies, such as flexible AC transmission systems (FACTS) and dynamic reactive power systems, may pose competitive challenges to traditional shunt reactors. As these technologies gain traction, market participants need to innovate and adapt their offerings to remain competitive in an evolving landscape.

Another concern for the Fixed Shunt Reactor market is the regulatory environment, which can vary significantly across regions. Stricter regulations surrounding environmental protection and energy efficiency may impose additional compliance costs on manufacturers and operators of shunt reactors. Companies must stay abreast of changing regulations and ensure that their products meet the required standards, as failure to do so may lead to penalties and reputational damage. Furthermore, competition from other energy management technologies could potentially restrict market growth if shunt reactors are perceived as less efficient or less effective compared to emerging alternatives.

Competitor Outlook

• Siemens AG
• General Electric Company
• Schneider Electric SE
• ABB Ltd.
• Mitsubishi Electric Corporation
• CG Power and Industrial Solutions Limited
• Siemens Energy
• Rittal GmbH & Co. KG
• Schneider Electric SA
• Alstom SA
• Siemens Gamesa Renewable Energy
• Hubbell Incorporated
• Power Systems & Controls LLC
• Hind Rectifiers Ltd
• Prysmian Group

The competitive landscape of the Fixed Shunt Reactor market is characterized by a mix of established players and emerging companies. Major corporations such as Siemens AG, General Electric Company, and ABB Ltd. dominate the market due to their extensive product portfolios and global reach. These companies leverage their technological expertise and extensive R&D capabilities to innovate and develop advanced shunt reactor solutions that meet the evolving needs of the power industry. Their strong brand recognition and longstanding relationships with utility companies further enhance their competitive advantages in this market. Additionally, these companies are actively engaged in strategic partnerships and collaborations to expand their market presence and enhance their service offerings.

Emerging companies in the Fixed Shunt Reactor market are also making their mark, focusing on niche applications and offering specialized solutions tailored to specific industry needs. These companies often adopt agile business models and leverage advanced technologies to provide innovative products that challenge the status quo. As the market shifts towards more sustainable and efficient energy solutions, these smaller players are well-positioned to capitalize on gaps in the market and meet the demands of customers seeking customized solutions. Moreover, advancements in digital technologies are enabling these companies to enhance their offerings, allowing for better monitoring and control of shunt reactors in real-time.

Key companies such as Schneider Electric SE, Mitsubishi Electric Corporation, and CG Power and Industrial Solutions Limited are also noteworthy players in the market. Schneider Electric SE is known for its commitment to sustainability and energy efficiency, which aligns with the growing focus on renewable energy integration. The company offers a diverse range of shunt reactor solutions that cater to various applications. Mitsubishi Electric Corporation, with its extensive experience in power systems, focuses on delivering high-quality shunt reactors with advanced features to improve performance and reliability. CG Power and Industrial Solutions Limited stands out due to its strong presence in the Indian market, providing innovative power management solutions for utilities and industries alike. Together, these companies are shaping the competitive landscape of the Fixed Shunt Reactor market and driving its growth in the years to come.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ABB Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Alstom SA
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Siemens AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Prysmian Group
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Siemens Energy
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Hind Rectifiers Ltd
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Hubbell Incorporated
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Rittal GmbH & Co. KG
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Schneider Electric SA
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Schneider Electric SE
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 General Electric Company
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Power Systems & Controls LLC
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Mitsubishi Electric Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Siemens Gamesa Renewable Energy
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 CG Power and Industrial Solutions Limited
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Fixed Shunt Reactor Market, By Type
    • 6.1.1 Oil Immersed Shunt Reactor
    • 6.1.2 Dry Type Shunt Reactor
    • 6.1.3 Air Core Shunt Reactor
    • 6.1.4 Iron Core Shunt Reactor
    • 6.1.5 Magnetic Shielded Shunt Reactor
  • 6.2 Fixed Shunt Reactor Market, By User
    • 6.2.1 Utilities
    • 6.2.2 Industrial
    • 6.2.3 Commercial
    • 6.2.4 Residential
  • 6.3 Fixed Shunt Reactor Market, By Application
    • 6.3.1 Electric Power Transmission
    • 6.3.2 Electric Power Distribution
    • 6.3.3 Railway Electrification
    • 6.3.4 HVDC Systems
    • 6.3.5 Others
  • 6.4 Fixed Shunt Reactor Market, By Voltage Rating
    • 6.4.1 Up to 200 kV
    • 6.4.2 201-400 kV
    • 6.4.3 401-600 kV
    • 6.4.4 601-800 kV
    • 6.4.5 Above 800 kV

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Fixed Shunt Reactor Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Fixed Shunt Reactor market is categorized based on

By Type

• Oil Immersed Shunt Reactor
• Dry Type Shunt Reactor
• Air Core Shunt Reactor
• Iron Core Shunt Reactor
• Magnetic Shielded Shunt Reactor

By Voltage Rating

• Up to 200 kV
• 201-400 kV
• 401-600 kV
• 601-800 kV
• Above 800 kV

By Application

• Electric Power Transmission
• Electric Power Distribution
• Railway Electrification
• HVDC Systems
• Others

By User

• Utilities
• Industrial
• Commercial
• Residential

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Siemens AG
• General Electric Company
• Schneider Electric SE
• ABB Ltd.
• Mitsubishi Electric Corporation
• CG Power and Industrial Solutions Limited
• Siemens Energy
• Rittal GmbH & Co. KG
• Schneider Electric SA
• Alstom SA
• Siemens Gamesa Renewable Energy
• Hubbell Incorporated
• Power Systems & Controls LLC
• Hind Rectifiers Ltd
• Prysmian Group