"Actionable Insights to Fuel Your Growth"

Shunt Capacitor Market Size, Share & Industry Analysis, By System ( Floor-mounted , Pole-mounted , Wall-mount, Others ), By Voltage ( Low, Medium, High ), By Applications ( Utility , Industrial , Others ) and regional forecast 2023-2030

Region : Global | Report ID: FBI103997 | Status : Ongoing

 

KEY MARKET INSIGHTS

Electricity is the basic need today, and its demand is increasing all over the world. The world population is increasing, and the electrical power consumption per capita is increasing due to the influence of technology in human life.  Over the last decade, countries have increased the production of electricity, which in turn has helped the shunt capacitor market to grow.


Based on the system, the shunt capacitor market is divided into floor-mounted, pole-mounted, wall-mount, etc. Based on voltage, the shunt capacitor market is segmented into low, medium, and high. High voltage systems dominantly use the shunt capacitor to either absorb or supply reactive power and thereby also help control voltage levels. Based on the application, the shunt capacitor market is divided in utility, industrial, commercial, etc. Utility-scale applications majorly use the shunt capacitor in the sub-stations and distribution centers.    


The major market driver for the global shunt capacitor market is the increasing demand for electricity. The per capita consumption of electricity is also increasing. All electrical networks require the use of a shunt capacitor for safe, efficient, and reliable operation. The increasing industries and manufacturing units are a boost for the capacitor market.


The key market restraint for the global shunt capacitor market is the availability of alternatives. A shunt capacitor is a type of capacitor bank and availability of different types of capacitor banks makes the market fragmented and adversely affects the demand for shunt capacitor.   


Key Market Driver -

Increase in demand for electricity

Key Market Restraint -

Availability of alternatives   

 


Key Players Covered:


 Some of the major companies that are present in the shunt capacitor market are Energe capacitors Pvt Ltd., Yashenergy Capacitors Pvt. Ltd., ABB, Arteche, Schneider Electric, Siemens, GE Grid Solutions, Larsen & Toubro Electrical & Automation, Vishay Intertechnology, Inc., Gentec inc., Enerlux Power s.r.l., COMAR Condensatori S.p.A., and CG Power and Industrial Solutions Limited.    


Regional Analysis:


The global shunt capacitor market has been spread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia-Pacific region is expected to dominate the shunt capacitor market. The high increase in the number of manufacturing and industrial units has boosted demand for shunt capacitors. The increase in railways, metros, high-speed trains, IT hubs, commercial centers, etc. require the use of shunt capacitors for stable, efficient, and reliable electricity supply. Rural electrification initiatives and an increase in long-distance high voltage transmission power cables have positively impacted the shunt capacitor market. Rapid urbanization has increased the number of sub-stations, which has positively impacted the shunt capacitor market. The increase in the number of power generation plants and transmission lines have also increased sales of a shunt capacitor. The African continent has the largest potential for the growth of the shunt capacitor market, while Latin America has second-largest growth potential for the shunt capacitor market. Just like the Asia-Pacific region, Latin America and Africa will experience fast growth of the shunt capacitor market due to similar reasons and conditions. Middle East region is experiencing much infrastructural development, which will require boost the shunt reactor market. High voltage lines are used to supply power to oil and gas platforms, which require use shunt capacitor. Europe and North America will experience steady growth of the shunt capacitor market. The refurbishment, upgradation, and modernization of electrical infrastructure will these regions will spur the growth of the shunt capacitor market. Several European nations are gradually phasing out conventional power generation sources and are building renewable power plants to fulfill the demand for electricity.


 

To gain extensive insights into the market, Request for Customization


Segmentation   


























ATTRIBUTES    


DETAILS

By System




  • Floor-mounted

  • Pole-mounted

  • Wall-mount

  • Others



By Voltage




  • Low

  • Medium

  • High



By Applications




  • Utility

  • Industrial

  • Others



By Geography




  • North America (US and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)



                       


Key Industry Developments



  • In January 2018, Kansas City Power & Light (KCP&L) began a pilot testing process to modernize the capacitor bank controls and selected Eaton to manufacture capacitor controls to meet the utility’s specific needs in a timeline.

  • In June 2019, Diesel & Motor Engineering Plc (DIMO) and Siemens India secured CEB (Ceylon Electricity Board) contracts for variable shunt reactors in Anuradhapura and Mannar, and a breaker switched capacitor bank in Pannipitiya.


  • Ongoing
  • 2022
  • 2019-2021

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

UL
The Japan Research
GM
Hitachi
Nikon

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X