Market Highlights

Growing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the Global Shunt Capacitor Market size over the forecast timeline. Shunt capacitors are utilized as a source of reactive power by connecting them in line-to-neutral phase. They help in reduction of impedance in transmission & distribution system. They are widely known for their function of power factor correction in the power system.

Shunt capacitors are widely accepted across the world in the industrial & commercial sectors as a reliable & safety device, owing to 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, compact design and low manufacturing cost allow their installation in various utilities and industrial sector. The constant need for electricity and the worldwide growth in grid infrastructure, will aid the growth of global shunt capacitor market over the forecast period. R&D in modern shunt capacitor for technological advancements in functioning and fluctuating material costs, are expected to restrain 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.

Key Players

• 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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Growing electricity demand coupled with growing concern for safe transmission & distribution of electricity and the increasing grid infrastructure, will boost the global shunt capacitor market size over the forecast timeline. Shunt capacitors are utilized as a source of reactive power by connecting them in line-to-neutral phase. They help in reduction of impedance in transmission & distribution system. They are widely known for their function of power factor correction in the power system.

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.

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Shunt Capacitor Market Research Report - Forecast to 2023”

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.