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

"Global Shunt Capacitor Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global shunt capacitor market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global shunt capacitor market report has been segmented on the basis of machine type and region

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective 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 in order to make informed forecasts about the scenarios in 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 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, fluctuation in raw material prices and high initial investment are restraining 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 level of competition, which give them opportunities to expand power business in these countries. Indian companies focusing on power generation and in the electricity sector, and 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