Global Shunt Capacitor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Shunt Capacitor Market Overview

"The Shunt Capacitor Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact on making informed forecasts about the scenarios in the future.

A shunt capacitor is an electrical device which improves quality of electricity supply and authorized efficient operation of the power system. It is also called power factor correction capacitors and widely accepted in industrial & commercial sectors as a reliable & safety device. Due to its low cost, easy and quick installation and convenient virtual deployment, applications of shunt capacitor is increasing continuously.

The rapid growth in the economy and population expansion have led to increase in the consumption of power. Moreover, improvement in the standard of living leads to higher demand for energy consumptions. Some factors such as increasing power consumption and high investment in renewable energy power generation are some of the driving factors which are rising demand for shunt capacitor.

Additionally, need for uninterrupted electric supply, subsequent investment in transmission & distribution network, and safe electrical infrastructure are expected to drive growth of the global shunt capacitor market. Whereas, raw material prices and high initial investment restrain the shunt capacitor market growth. Recent trend shows that, many countries around the world are expanding and upgrading their electric grid infrastructure, so as to fulfil the growing demand of power. These developments will plays an important role for shunt capacitor market.

According to the Central Electricity Authority (CEA), India’s apex power sector planning body—India’s per capita electricity consumption has reached 1010 kilowatt-hour (kWh) in 2014-15, compared with 957 kWh in 2013-14 and 914.41 kWh in 2012-13.

Region wise, revenue share generated by Asia Pacific market is expected to dominates the global shunt capacitor market over the forecast period. Emerging countries such as India and China tend to have a higher growth rate with low competition level, which gives them opportunities to expand power business in these countries.

Indian companies focusing on power generation and electricity sector have developed 319.60 GW of power generation capacities. This is creating ample amount of opportunities for OEMs which includes manufacturers of conductors, insulators, shunt capacitors and Engineering Procurement Construction (EPC), to expand their business in this region. However, North America market is estimated to grow at a significant rate of growth during the forecast period.

According to “Indian Electrical Equipment Industry Mission Plan 2012-2022” expected investment of the Indian government in the 12th Five Year Plan period in the generation and T&D segment would be 6.39 lakh crore in generation, 1.80 lakh crore in transmission and 3.06 lakh crore in distribution.

Global Shunt Capacitor Market Segmentation:

By Voltage:

• Low voltage
• Medium voltage
• High voltage

By End-user:

• Utilities
• Industries
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa