Shunt Capacitor Market Analysis by Type and Users, Business Strategy, Competitor Landscape, Porters Five Force Analysis, Industry Growth Factors and Forecast -2023

“Shunt Capacitor Market”
Shunt Capacitor Market is projected to grow at a CAGR of 5.79%, Global Shunt Capacitor Market Information Report by Voltage (Low voltage, Medium voltage and High voltage), by End User (Utilities, Industries and Others) and by Region – Forecast To 2023

Global Shunt Capacitor Market – Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Shunt Capacitor appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These Key Players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Shunt Capacitor Market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.

Global Shunt Capacitor Market – Overview

Shunt capacitors have several uses in the electric power systems. It is a device, which improves the quality of the electrical supply and enables efficient operation of the power system. Shunt capacitors are mainly installed to provide capacitive reactive compensation or power factor correction. It is also called as power factor correction capacitors. The Global Shunt Capacitor Market is growing with the rapid pace; mainly due to the increase in the power consumption.

According to a recent study report published by the Market Research Future, The global market of Shunt Capacitor is booming and expected to gain prominence over the forecast period. The global Shunt Capacitor market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, CAGR of 6.72% during the estimated period (2017 – 2023).

Currently, the Shunt Capacitor market is spurting mainly due to the growing attention and substantial investment in renewable power energy generation. The tremendous yearly addition (in capacity) of renewable energy requires the strong transmission and distribution network, which ultimately increases the demand of shunt capacitor. However, high initial investment and fluctuation in raw material prices are the major factor that may hamper the growth of the market. 

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Shunt Capacitor Market – Segmentation

Global Shunt Capacitor Market is segmented in to two key dynamics for an easy grasp and enhanced understanding.

On the basis of Voltage, the market has been segmented as high voltage, medium voltage and low voltage. High voltage dominates the material segment of the market and is projected to grow at the highest CAGR during the forecast period. High voltage capacitors are widely used in the high voltage power system. The capacitors are available in an extended voltage range to 5 kV. These capacitors offer excellent reliability and thermal shock performance. Medium Voltage was the second-largest market in 2016.

Based on End User, the market has been segmented into Utilities, industries and others. Utilities dominates the end user segment of the market. Utilities are the major end-users of the shunt capacitor market. Substations are the crucial elements of any grid system, and require high-level protection to safeguard the stability of the entire system. Shunt capacitors are used broadly by utilities to prevent damages to critical and expensive equipment. The increasing electricity access across the world, would result in an increase in the number of substations, which would in turn, raise the demand for shunt capacitors.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.

Global Shunt Capacitor Market – Regional Analysis

Asia Pacific region dominates the global shunt capacitor market mainly due to increasing demand for energy because of the growing population and improvement in the lifestyle in the region. China accounted for the largest share in Asia pacific region mainly due to strong economic growth along with high investment in transmission & distribution network.

Europe is the second largest market for the Shunt Capacitor. The region is developing an interconnected grid that can transfer electricity between countries in the region such as between the UK, Germany, Poland, France, and Sweden. This drives the growth of the market.

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Key Player-

Some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Shunt Capacitor Market

  • ABB Ltd. (U.S.)
  • Schneider Electric (France)
  • General Electric Company (U.S.)
  • Siemens AG (Germany)
  • Larsen & Toubro Ltd (India)
  • Eaton Corporation Plc (Ireland)
  • Aerovox Corp. (U.S.)
  • Magnewin Energy Private Limited (India)
  • CIRCUTOR, SA (Spain)
  • Energe Capacitors Pvt Ltd (India)

 

TABLE OF CONTENTS

1  Executive Summary

2  Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Assumptions

2.4 Market Structure

3  Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4  Market Dynamics

4.1 Drivers

4.2 Restraint

4.3 Opportunities

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5  Market Factor Analysis

5.1 Poter’s Five Forces Analysis

5.2 Value Chain Analysis

To be Continue ……….,

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