Shunt capacitors are widely accepted across the world in the industrial & commercial sector as a reliable & safety device, owing to its properties such as, improvement of the voltage at the load, better voltage regulation, reduction of losses and reduction or postponement of investments in transmission. Also, the compact design and low manufacturing cost make it permeable for the installation in various utilities and industrial sector.
The need for uninterrupted electric supply is growing because of the worldwide rise in population and rapid industrialization. The increasing need of reliable electric supply and subsequent investment in transmission & distribution network, grid expansion, and safe electrical infrastructure, are expected to drive the growth of the global shunt capacitor market.
The market has been analyzed based on voltage, end-users and regions. On the basis of voltage, the global shunt capacitor market has been segmented as low, medium and high voltage. Based on end-user, it is further classified as utilities, industries and others.
Shunt Capacitor Market is expected to grow with the CAGR of approximately 7% from 2017 to 2023.
- General Electric (U.S.),
- Siemens AG (Germany),
- ABB Group (Switzerland),
- CIRCUTOR, SA (Spain),
- Magnewin Energy Pvt. Ltd (India),
- Schneider Electric SE (France),
- Mitsubishi Electric Corporation (Japan),
- L&T Electrical & Automation (India),
- Energe Capacitors Pvt. Ltd. (India)
- Eaton Corporation Plc (Ireland).
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Asia-Pacific region is expected to dominate the market
Asia-Pacific region of shunt capacitor market currently holds a large share of the total volume of shunt capacitor and is expected to dominate the market during forecast period. Rapid urbanization & industrialization in countries such as China, India, Indonesia and Australia demand continuous electric supply for the operations of industries, data centers, emergency services, and commercial & household purposes. Ageing conventional transmission & distribution network in the region, often hinder the supply for continuous power. This is creating a lucrative market for shunt capacitors in this region. The increase in industrial development across the region is leading to the wide application of high and medium voltage shunt capacitors in industries for safe operations, which is further expected to enhance the shunt capacitor market during the forecast period.
Scope of the Report
This study provides an overview of the global shunt capacitor market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global shunt capacitor market by its voltage, by end user and by regions.
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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Shunt Capacitor Market, By Voltage
4.2 Low Voltage
4.3 Medium Voltage
4.4 High Voltage
5 Global Shunt Capacitor Market, By End-User
6 Regional Market Analysis
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