The global demand for Shunt Capacitor Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A shunt capacitor is an electrical device that stores energy in a static electric field. It is typically connected across two points of a circuit, one near and one far from the capacitor, so that current flows in only one direction through it. The shunt capacitor blocks direct current (DC) flow while allowing alternating current (AC) to pass. This makes the shunt capacitor ideal for use as a filter in power-supply circuits. Shunt capacitor improves the quality of electricity supply, permits efficient operation of the power system, improves voltage stability and reduces network losses.
The improvement in the standard of living among the world's major population leads to higher demand for energy consumption. Some factors such as increasing power consumption and high investment in renewable energy power generation are the driving factors for the rising demand for shunt capacitors. Besides that, the need for uninterrupted electric supply, subsequent investment in transmission & distribution networks, and safe electrical infrastructure are expected to drive the growth of the global shunt capacitor market. However, fluctuating raw material prices and high initial investment restrain the shunt capacitor market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of shunt capacitor. The growth and trends of shunt capacitor industry provide a holistic approach to this study.
This section of the shunt capacitor market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By End Use Industry
- Power Generation
- Renewable Energy
- Transmission And Distribution Utilities
- Transport & Infrastructure
This section covers the regional outlook, which accentuates current and future demand for the Shunt Capacitor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Shunt Capacitor Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the shunt capacitor market include ABB Ltd., General Electric Company, Siemens AG, Larsen & Toubro Ltd., Eaton Corporation Plc, Magnewin Energy Pvt. Ltd., Globe Capacitors Ltd., Motif Electric Limited, TDK Electronics AG, Schneider Electric SE, Among others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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