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Shunt Capacitor Market Size

ID: MRFR/EnP/2645-CR
90 Pages
Priya Nagrale
October 2020

Shunt Capacitor Market Research Report Information Report by Voltage (Low Voltage, Medium Voltage and High Voltage), by End User (Utilities, Industries and Others) and by Region - Global Forecast To 2035

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Shunt Capacitor Size

Shunt Capacitor Market Growth Projections and Opportunities

A shunt capacitor stands as a critical device in the realm of power systems, designed to enhance the quality of electricity supply and optimize the efficient functioning of power grids. Its primary function lies in providing capacitive reactive compensation or power factor correction, crucial for maintaining stable and efficient power transmission. The surging adoption of shunt capacitors can be attributed to several key attributes such as their cost-effectiveness, ease of installation, and flexibility in deployment across diverse segments of the power network.

The market for shunt capacitors is driven by a confluence of factors, prominently including the escalating demand for power and the substantial investments made in renewable energy generation. As power consumption continues to rise globally, the need to maintain a stable and high-quality power supply becomes imperative, propelling the utilization of shunt capacitors across various power systems and grids. Furthermore, the growing focus on renewable energy sources, characterized by solar and wind power generation, requires efficient capacitors to ensure optimal power transmission and quality.

However, the shunt capacitor market faces certain constraints and challenges. Fluctuations in raw material prices pose a significant challenge, impacting manufacturing costs and potentially affecting market growth. Additionally, the high initial investment required for installing shunt capacitors can act as a deterrent for widespread adoption, particularly for smaller-scale power systems.

Projections indicate a promising growth trajectory for the global shunt capacitor market, expected to achieve a Compound Annual Growth Rate (CAGR) of 6.72% during the forecast period. In 2016, the Asia Pacific region emerged as the leader in this market, capturing a substantial market share of 41.3%. Following closely were Europe and North America, securing market shares of 26.5% and 19.7%, respectively.

The dominance of the Asia Pacific region in the shunt capacitor market can be attributed to several factors. Rapid industrialization, urbanization, and infrastructural developments in countries across Asia Pacific have significantly driven the demand for efficient power supply systems. Moreover, the burgeoning energy needs of emerging economies in this region contribute to the high adoption rate of shunt capacitors.

Europe and North America, while holding slightly smaller market shares, remain significant players in the shunt capacitor market. Their emphasis on technological advancements, coupled with efforts towards renewable energy adoption and the need for modernizing existing power infrastructure, substantiates the sustained demand for shunt capacitors in these regions.

In conclusion, the global shunt capacitor market continues to witness steady growth, fueled by the crucial role these devices play in ensuring stable and high-quality power supply across diverse power systems. While facing challenges related to raw material price fluctuations and initial investment costs, the market is propelled by escalating power demands and the increasing focus on renewable energy sources. The Asia Pacific region leads the market, driven by rapid industrialization and burgeoning energy needs, while Europe and North America maintain their positions as key players in this evolving landscape.

Shunt Capacitor Market Size Graph
Author
Priya Nagrale
Senior Research Analyst

With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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FAQs

What is the study period of the shunt capacitor market report?

The shunt capacitor market forecast period is 2023 - 2032

What is the shunt capacitor market growth rate?

The shunt capacitor market is growing at a CAGR of 6.70% over the next 10 years, according to shunt capacitor market research.

Which region has the highest shunt capacitor market growth rate?

North America is expected to register the highest CAGR during 2023 - 2032

Which region has the largest share in the shunt capacitor market?

Asia Pacific held the largest share in 2021

What growth rate is the market expected to achieve in the near future?

The market size is expected to be USD 1.5 billion by 2032.

Who are the key players in the shunt capacitor market?

ABB Ltd., General Electric Company, Siemens AG, Larsen & Toubro Ltd., Eaton Corporation Plc, and Magnewin Energy Pvt. Ltd. are the key companies operating in the shunt capacitor market.

Market Summary

As per MRFR analysis, the Shunt Capacitor Market Size was estimated at 1630.64 USD Million in 2024. The Shunt Capacitor industry is projected to grow from 1955.14 in 2025 to 12005.19 by 2035, exhibiting a compound annual growth rate (CAGR) of 19.9 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Shunt Capacitor Market is poised for substantial growth driven by technological advancements and increasing demand for energy efficiency.

  • North America remains the largest market for shunt capacitors, driven by robust infrastructure and industrial applications.
  • The Asia-Pacific region is emerging as the fastest-growing market, fueled by rapid urbanization and energy demands.
  • Power Factor Correction is the largest segment, while Harmonic Filtering is witnessing the fastest growth due to evolving energy standards.
  • Key market drivers include increasing power quality requirements and regulatory support for energy efficiency initiatives.

Market Size & Forecast

2024 Market Size 1630.64 (USD Million)
2035 Market Size 12005.19 (USD Million)
CAGR (2025 - 2035) 19.9%
Largest Regional Market Share in 2024 North America

Major Players

<p>Siemens (DE), General Electric (US), Schneider Electric (FR), Eaton (IE), ABB (CH), Mitsubishi Electric (JP), Crompton Greaves (IN), Toshiba (JP), Nexans (FR)</p>

Market Trends

The Shunt Capacitor Market is currently experiencing a notable transformation, driven by the increasing demand for efficient power management solutions across various sectors. This market appears to be influenced by the growing emphasis on renewable energy sources, which necessitates enhanced grid stability and reliability. As industries strive to optimize their energy consumption, shunt capacitors are becoming integral components in power systems, facilitating voltage regulation and reactive power compensation. Furthermore, advancements in technology are likely to enhance the performance and lifespan of these capacitors, making them more appealing to end-users. In addition, the Shunt Capacitor Market seems to be benefiting from the rising investments in infrastructure development, particularly in emerging economies. As urbanization accelerates, the need for robust electrical networks becomes increasingly critical. This trend indicates a potential for growth in the adoption of shunt capacitors, as they play a vital role in maintaining power quality and reducing energy losses. Overall, the market appears poised for expansion, driven by technological innovations and the global shift towards sustainable energy practices.

Technological Advancements

Recent innovations in materials and manufacturing processes are enhancing the efficiency and durability of shunt capacitors. These advancements may lead to improved performance in various applications, making them more attractive to consumers.

Growing Demand for Renewable Energy

The shift towards renewable energy sources is creating a heightened need for effective power management solutions. Shunt capacitors are increasingly utilized to stabilize voltage levels and improve grid reliability in renewable energy systems.

Infrastructure Development Initiatives

Ongoing infrastructure projects in developing regions are likely to drive the demand for shunt capacitors. As electrical networks expand, the need for reliable power quality solutions becomes more pronounced, positioning shunt capacitors as essential components.

Shunt Capacitor Market Market Drivers

Market Growth Projections

The Global Shunt Capacitor Market Industry is projected to experience notable growth over the next decade. With a market value of 1.39 USD Billion anticipated in 2024, the industry is expected to expand further, reaching 1.82 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate of 2.47% from 2025 to 2035. Such projections reflect the increasing demand for power quality solutions across various sectors, driven by technological advancements, regulatory support, and the ongoing expansion of electrical infrastructure.

Growing Demand for Renewable Energy

The increasing global emphasis on renewable energy sources is driving the Global Shunt Capacitor Market Industry. As countries transition towards sustainable energy solutions, the integration of renewable sources such as wind and solar power necessitates improved power quality and stability. Shunt capacitors play a crucial role in enhancing the efficiency of these energy systems by compensating for reactive power. This trend is expected to contribute to the market's growth, with projections indicating a market value of 1.39 USD Billion in 2024, reflecting the industry's adaptation to evolving energy demands.

Expansion of Electrical Infrastructure

The ongoing expansion of electrical infrastructure across various regions is a significant driver for the Global Shunt Capacitor Market Industry. As urbanization accelerates and populations grow, there is a pressing need for enhanced power distribution systems. Shunt capacitors are essential in maintaining voltage levels and improving the overall reliability of electrical networks. Governments and utility companies are investing heavily in modernizing their infrastructure, which is likely to bolster the demand for shunt capacitors. This investment trend aligns with the projected market growth, with expectations of reaching 1.82 USD Billion by 2035.

Rising Industrialization and Urbanization

The rise of industrialization and urbanization is a key factor propelling the Global Shunt Capacitor Market Industry. As industries expand and urban areas develop, the demand for reliable and efficient power supply systems intensifies. Shunt capacitors are vital for managing reactive power and ensuring voltage stability in these growing electrical networks. This trend is particularly evident in emerging economies, where rapid urban growth necessitates substantial investments in electrical infrastructure. Consequently, the market is likely to experience robust growth, supported by the increasing need for effective power management solutions.

Technological Advancements in Capacitor Design

Technological advancements in capacitor design are reshaping the Global Shunt Capacitor Market Industry. Innovations in materials and manufacturing processes have led to the development of more efficient and durable capacitors. These advancements not only enhance performance but also reduce maintenance costs, making shunt capacitors more appealing to utility companies and industrial users. As the industry embraces these technologies, the market is poised for growth, with a compound annual growth rate of 2.47% anticipated from 2025 to 2035. This growth reflects the industry's commitment to improving energy efficiency and reliability.

Regulatory Support for Power Quality Improvement

Regulatory frameworks aimed at improving power quality are significantly influencing the Global Shunt Capacitor Market Industry. Governments worldwide are implementing standards and regulations that mandate the use of power factor correction devices, including shunt capacitors. These regulations are designed to enhance grid stability and reduce energy losses, thereby promoting the adoption of shunt capacitors in various applications. As regulatory support strengthens, the market is expected to benefit from increased investments in power quality solutions, further driving its growth in the coming years.

Market Segment Insights

By Application: Power Factor Correction (Largest) vs. Harmonic Filtering (Fastest-Growing)

<p>In the Shunt Capacitor Market, Power Factor Correction holds the largest market share, serving as a critical component in enhancing the efficiency and stability of power systems. This segment's dominance is driven by increasing demand for better energy management and compliance with global efficiency standards. On the other hand, Harmonic Filtering is emerging as the fastest-growing segment, attributed to the rising adoption of renewable energy sources and the need to mitigate distortions in power systems. The interplay between these applications highlights a market balancing between established practices and innovative solutions. Growth trends indicate a palpable shift towards more sustainable energy practices fueling both segments. The need for enhanced power quality has solidified Power Factor Correction's status while Harmonic Filtering's rapid expansion is driven by regulatory pressures and technological advancements. Driven by an upsurge in industrial automation and renewable energy integration, these segments reflect the sector's evolution towards a more resilient and eco-friendly energy landscape.</p>

<p>Power Factor Correction (Dominant) vs. Energy Storage (Emerging)</p>

<p>Power Factor Correction remains the dominant force in the Shunt Capacitor Market, largely due to its crucial role in reducing energy costs and improving system reliability. This application ensures that the electric power system operates at optimal efficiency, translating to better performance across diverse sectors, including manufacturing and utilities. In contrast, Energy Storage is recognized as an emerging segment, fueled by innovations in battery technology and growing emphasis on renewable energy storage solutions. It plays a pivotal role in balancing energy supply and demand, especially in environments rich in intermittent energy sources like solar and wind. This duality of a dominant established player with an emerging contender signifies a market on the cusp of transformative changes.</p>

By End Use Industry: Utilities (Largest) vs. Renewable Energy (Fastest-Growing)

<p>The Shunt Capacitor Market showcases a diverse distribution across various end-use industries, with utilities commanding the largest share due to the essential role these components play in maintaining power quality and efficiency. This sector significantly influences demand, as shunt capacitors are utilized to enhance voltage stability and reduce energy losses in power systems. Following utilities, the industrial and commercial sectors also exhibit considerable market shares, driven by the need for improved power factor correction and energy savings in electrical networks.</p>

<p>Utilities (Dominant) vs. Renewable Energy (Emerging)</p>

<p>Utilities represent the dominant segment in the Shunt Capacitor Market, primarily due to their integral role in electrical systems' reliability and performance. Shunt capacitors are crucial for voltage regulation and power factor improvement, making them indispensable for utility companies. On the other hand, the renewable energy sector is rapidly emerging, driven by the global shift towards sustainable energy sources. As the world increasingly invests in solar and wind energy, the demand for shunt capacitors in these applications is rising, indicating a shift in market dynamics. This evolution underscores a pivotal transformation within the energy landscape, as the balance between traditional utility-driven demand and innovative renewable energy solutions continues to redefine market priorities.</p>

By Capacitance Type: Low Voltage (Largest) vs. High Voltage (Fastest-Growing)

<p>The Shunt Capacitor Market demonstrates a varied distribution of market shares across its capacitance types. The Low Voltage segment stands out as the largest market contributor due to its widespread applications in residential and commercial settings, ensuring a consistent demand. Medium Voltage shunt capacitors also play a vital role, particularly in industrial applications, though they occupy a smaller share compared to low voltage counterparts. Conversely, the High Voltage segment is garnering attention with its rapid growth, driven by the increasing need for reliable power distribution and significant investments in transmission infrastructure. Growth trends in the shunt capacitor market are primarily influenced by the rising demand for energy efficiency and the expansion of renewable energy sources. Emerging trends indicate that High Voltage capacitors are becoming increasingly prevalent as utilities focus on enhancing grid stability and reducing transmission losses. Moreover, the industry's shift towards smart grid technologies is likely to propel growth across all capacitance types. As energy demands increase and the need for modernization rises, the medium and high voltage segments are expected to see significant advancements in technology and application areas.</p>

<p>Low Voltage (Dominant) vs. Medium Voltage (Emerging)</p>

<p>The Low Voltage segment dominates the Shunt Capacitor Market due to its crucial role in voltage regulation and reactive power compensation in various applications. It is widely adopted in residential and commercial systems, providing stability and efficiency in power management. This segment is characterized by its relatively lower installation costs and ease of integration, making it the preferred choice for many applications. On the other hand, the Medium Voltage segment is emerging as a vital component in industrial applications, where larger loads necessitate robust power solutions. With increasing industrialization and advanced power systems being implemented, medium voltage shunt capacitors are gaining traction as industries seek reliable and efficient power quality solutions to enhance operational continuity.</p>

By Installation Type: Indoor (Largest) vs. Outdoor (Fastest-Growing)

<p>In the Shunt Capacitor Market, the installation type segment is characterized by a diverse distribution among indoor, outdoor, pole-mounted, and substation-mounted applications. Indoor installations currently dominate the market due to their widespread adoption in various commercial and industrial applications. This segment benefits from favorable conditions such as controlled environments and easy maintenance. Meanwhile, outdoor installations are gaining traction, serving primarily in utility and infrastructure projects, contributing to a growing share in the overall market.</p>

<p>Installation Type: Indoor (Dominant) vs. Outdoor (Emerging)</p>

<p>Indoor shunt capacitors hold a dominant position in the market due to their versatility and effectiveness in managing electrical loads in controlled environments. These installations are favored in commercial buildings and industrial facilities where space and temperature can be adequately regulated. On the other hand, outdoor shunt capacitors are quickly emerging as essential components for utility companies, especially in renewable energy applications. This segment’s growth is driven by the increasing demand for reliable power distribution networks, particularly in regions focusing on infrastructure developments and renewable energy integration.</p>

By Material Type: Aluminum (Largest) vs. Polypropylene (Fastest-Growing)

<p>In the Shunt Capacitor Market, the material type segment exhibits diverse offerings, with Aluminum emerging as the largest share holder due to its widespread applicability and cost-effectiveness. Following closely is Polypropylene, which is gaining traction among manufacturers for its superior dielectric properties, making it a preferred choice for high-voltage applications. Paper and Ceramic, while traditional choices, are witnessing a decline as newer materials offer better performance and lower weight options.</p>

<p>Aluminum (Dominant) vs. Paper (Emerging)</p>

<p>Aluminum capacitors are dominant in the shunt capacitor market for their excellent performance, affordability, and reliability. This material type is well-known for its ability to withstand high-temperature conditions, making it suitable for various applications, including power systems and renewable energy solutions. On the other hand, Paper capacitors, though traditionally significant, are becoming an emerging segment due to their eco-friendly characteristics. They are favored in specific niche applications where biodegradable options are desired, but face competition from advanced materials that offer enhanced performance metrics. The transition from Paper to more innovative materials highlights the evolving dynamics within the industry.</p>

Get more detailed insights about Shunt Capacitor Market Research Report - Global Forecast to 2035

Regional Insights

North America : Market Leader in Shunt Capacitors

North America is poised to maintain its leadership in the shunt capacitor market, holding a significant share of 650.0 million. The region's growth is driven by increasing demand for energy efficiency and renewable energy integration. Regulatory support, such as incentives for energy-efficient technologies, further propels market expansion. The focus on grid modernization and smart grid technologies also contributes to the rising adoption of shunt capacitors. The competitive landscape in North America features key players like Siemens, General Electric, and Schneider Electric, which are investing heavily in R&D to innovate and enhance product offerings. The U.S. and Canada are the leading countries, with robust infrastructure and a growing emphasis on sustainable energy solutions. This competitive environment fosters innovation and ensures that North America remains at the forefront of the shunt capacitor market.

Europe : Emerging Market with Strong Regulations

Europe's shunt capacitor market is valued at 450.0 million, driven by stringent regulations aimed at enhancing energy efficiency and reducing carbon emissions. The European Union's commitment to sustainability and renewable energy sources acts as a catalyst for market growth. Initiatives like the Green Deal and various funding programs encourage the adoption of advanced capacitor technologies, ensuring compliance with environmental standards. Leading countries in this region include Germany, France, and the UK, where major players like ABB and Schneider Electric are actively involved. The competitive landscape is characterized by innovation and collaboration among manufacturers to meet regulatory requirements. The presence of established companies and a focus on sustainable practices position Europe as a significant player in The Shunt Capacitor.

Asia-Pacific : Rapid Growth in Emerging Economies

The Asia-Pacific region, with a market size of 400.0 million, is witnessing rapid growth in the shunt capacitor sector, fueled by industrialization and urbanization. Countries like China and India are investing heavily in infrastructure development and renewable energy projects, which significantly boosts demand for shunt capacitors. Government initiatives promoting energy efficiency and smart grid technologies further enhance market prospects in this region. China stands out as a leading country, with major manufacturers like Mitsubishi Electric and Toshiba driving innovation. The competitive landscape is evolving, with both local and international players vying for market share. As the region continues to develop, the demand for reliable and efficient power solutions will likely increase, positioning Asia-Pacific as a key player in The Shunt Capacitor.

Middle East and Africa : Emerging Market with Growth Potential

The Middle East and Africa region, valued at 130.64 million, presents emerging opportunities in the shunt capacitor market. The growth is primarily driven by increasing investments in infrastructure and energy projects, particularly in countries like the UAE and South Africa. The region's focus on diversifying energy sources and enhancing grid reliability is propelling the demand for shunt capacitors, supported by government initiatives aimed at improving energy efficiency. Leading countries in this region include the UAE and South Africa, where local and international players are establishing a presence. The competitive landscape is characterized by a mix of established companies and new entrants, all striving to capture market share. As the region continues to develop its energy infrastructure, the demand for shunt capacitors is expected to rise significantly, making it a focal point for future investments.

Key Players and Competitive Insights

The Shunt Capacitor Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for power quality improvement and energy efficiency across various sectors. Key players such as Siemens (DE), General Electric (US), and Schneider Electric (FR) are strategically positioned to leverage their technological expertise and extensive product portfolios. Siemens (DE) focuses on innovation in smart grid technologies, while General Electric (US) emphasizes digital transformation initiatives to enhance operational efficiency. Schneider Electric (FR) is actively pursuing partnerships to expand its market reach, particularly in emerging economies. Collectively, these strategies contribute to a competitive environment that is increasingly shaped by technological advancements and strategic collaborations.

In terms of business tactics, companies are localizing manufacturing to reduce costs and optimize supply chains, which appears to be a response to the growing need for agility in production. The market structure is moderately fragmented, with several players vying for market share, yet the influence of major companies remains substantial. This competitive structure allows for a diverse range of offerings, catering to various customer needs while fostering innovation.

In November 2025, Siemens (DE) announced the launch of a new line of eco-friendly shunt capacitors designed to enhance energy efficiency in industrial applications. This strategic move not only aligns with global sustainability goals but also positions Siemens as a leader in environmentally conscious technology, potentially attracting a broader customer base concerned with sustainability.

In October 2025, General Electric (US) unveiled a partnership with a leading renewable energy firm to integrate advanced shunt capacitor solutions into wind energy systems. This collaboration is significant as it underscores General Electric's commitment to renewable energy and positions the company to capitalize on the growing demand for clean energy solutions, thereby enhancing its competitive edge in the market.

In September 2025, Schneider Electric (FR) expanded its manufacturing capabilities in Asia by establishing a new facility dedicated to the production of shunt capacitors. This expansion is indicative of Schneider's strategy to localize production and meet the increasing demand in the Asia-Pacific region, which is expected to experience substantial growth in energy infrastructure investments.

As of December 2025, the Shunt Capacitor Market is witnessing trends such as digitalization, sustainability, and AI integration, which are redefining competitive dynamics. Strategic alliances are becoming increasingly prevalent, allowing companies to pool resources and expertise to innovate more effectively. The competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technology, and supply chain reliability, suggesting a shift towards a more value-driven market.

Key Companies in the Shunt Capacitor Market market include

Industry Developments

Future Outlook

Shunt Capacitor Market Future Outlook

<p>The Shunt Capacitor Market is poised for growth at a 19.9% CAGR from 2024 to 2035, driven by increasing demand for power quality and energy efficiency.</p>

New opportunities lie in:

  • <p>Development of smart grid integration solutions</p>
  • <p>Expansion into renewable energy sector applications</p>
  • <p>Innovative capacitor recycling programs for sustainability</p>

<p>By 2035, the market is expected to achieve robust growth, reflecting evolving energy demands.</p>

Market Segmentation

Shunt Capacitor Market Application Outlook

  • Power Factor Correction
  • Voltage Regulation
  • Harmonic Filtering
  • Energy Storage
  • Load Balancing

Shunt Capacitor Market Material Type Outlook

  • Aluminum
  • Polypropylene
  • Paper
  • Ceramic

Shunt Capacitor Market Capacitance Type Outlook

  • Low Voltage
  • Medium Voltage
  • High Voltage

Shunt Capacitor Market End Use Industry Outlook

  • Utilities
  • Industrial
  • Commercial
  • Renewable Energy
  • Transportation

Shunt Capacitor Market Installation Type Outlook

  • Indoor
  • Outdoor
  • Pole Mounted
  • Substation Mounted

Report Scope

MARKET SIZE 20241630.64(USD Million)
MARKET SIZE 20251955.14(USD Million)
MARKET SIZE 203512005.19(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)19.9% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledSiemens (DE), General Electric (US), Schneider Electric (FR), Eaton (IE), ABB (CH), Mitsubishi Electric (JP), Crompton Greaves (IN), Toshiba (JP), Nexans (FR)
Segments CoveredApplication, End Use Industry, Capacitance Type, Installation Type, Material Type
Key Market OpportunitiesGrowing demand for energy efficiency drives innovation in the Shunt Capacitor Market.
Key Market DynamicsRising demand for energy efficiency drives innovation and competition in the shunt capacitor market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

FAQs

What is the study period of the shunt capacitor market report?

The shunt capacitor market forecast period is 2023 - 2032

What is the shunt capacitor market growth rate?

The shunt capacitor market is growing at a CAGR of 6.70% over the next 10 years, according to shunt capacitor market research.

Which region has the highest shunt capacitor market growth rate?

North America is expected to register the highest CAGR during 2023 - 2032

Which region has the largest share in the shunt capacitor market?

Asia Pacific held the largest share in 2021

What growth rate is the market expected to achieve in the near future?

The market size is expected to be USD 1.5 billion by 2032.

Who are the key players in the shunt capacitor market?

ABB Ltd., General Electric Company, Siemens AG, Larsen &amp; Toubro Ltd., Eaton Corporation Plc, and Magnewin Energy Pvt. Ltd. are the key companies operating in the shunt capacitor market.

  1. Executive Summary
  2. Introduction
    1. Definition 13
    2. Scope Of The Study 13
    3. Assumptions 13
    4. Market Structure 14
  3. Research Methodology
    1. Research Process 15
    2. Primary Research 16
    3. Secondary Research 16
    4. Market Size Estimation 16
    5. Forecast Model 18
  4. Market Dynamics
    1. Drivers 19
      1. Increase In Power Consumption 19
      2. Growing Investment In Renewable Energy Power Generation 20
    2. Restraint 20
      1. Fluctuation In Raw Material Prices 20
      2. High Initial Investment 20
    3. Opportunities 21
      1. Scope In The Developing Nations 21
  5. Market Factor Analysis
    1. Poter’s Five Forces Analysis 22
      1. Threat Of New Entrants 23
      2. Bargaining Power Of Suppliers 23
      3. Bargaining Power Of Buyers 23
      4. Threat Of Substitutes 23
      5. Rivalry 23
    2. Value Chain Analysis 24
  6. Global Shunt Capacitor Market, By Voltage
    1. Overview 26
      1. Low Voltage 26
      2. High Voltage 26
      3. Medium Voltage 26
  7. Global Shunt Capacitor Market, By End-User
    1. Overview 29
      1. Utilities 29
      2. Industries 29
  8. Global Shunt Capacitor Market, By Region
    1. Introduction 32
    2. North America 34
      1. U.S. 36
      2. Canada 38
    3. Europe 39
      1. Germany 42
      2. U.K. 43
      3. France 45
      4. Spain 46
      5. Rest Of Europe 47
    4. Asia-Pacific 49
      1. China 51
      2. Japan 53
      3. India 54
      4. Rest Of Asia-Pacific 56
    5. Rest Of The World 58
      1. South America 60
      2. Middle East & Africa 61
  9. Competitive Scenario
    1. Competitive Landscape 64
  10. Company Profiles
    1. Competitive Scenario 66
      1. Competitive Landscape 66
    2. ABB Ltd. 68
      1. Company Overview 68
      2. Financial Overview 68
      3. Products/Services Offering 69
      4. Strategy 69
      5. Key Development 70
      6. SWOT Analysis 70
    3. Schneider Electric 71
      1. Company Overview 71
      2. Financial Overview 71
      3. Service Offering 72
      4. Strategy 72
      5. SWOT Analysis 73
      6. General Electric Company 74
      7. Company Overview 74
      8. Financial Overview 74
      9. Product Offering 75
      10. Strategy 75
      11. Key Developments 76
    4. Siemens AG 77
      1. Company Overview 77
      2. Financial Overview 77
      3. Service Offering 78
      4. Strategy 78
    5. Larsen & Toubro Limited 80
      1. Company Overview 80
      2. Financial Overview 80
      3. Product Offering 81
      4. Strategy 81
      5. SWOT Analysis 82
    6. Eaton Corporation Plc. 83
      1. Company Overview 83
      2. Financial Overview 83
      3. Service Offering 84
      4. Strategy 84
      5. Key Developments 85
      6. SWOT Analysis 85
    7. Aerovox Corp. 86
      1. Company Overview 86
      2. Financial Overview 86
      3. Product Offerings 86
      4. Strategy 86
      5. Key Developments 87
    8. CIRCUTOR SA 88
      1. Company Overview 88
      2. Financial Overview 88
      3. Product Offering 88
      4. Strategy 88
    9. Energe Capacitors Pvt Ltd 89
      1. Company Overview 89
      2. Financial Overview 89
      3. Product Offerings 89
      4. Strategy 89
    10. Magnewin Energy Private Limited 90
      1. Company Overview 90
      2. Financial Overview 90
      3. Product Offerings 90
      4. Strategy 90
    11.  
  11. List Of Tables
  12. GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 27
  13. GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 30
  14. GLOBAL SHUNT CAPACITOR MARKET, BY REGION, 2023-2032 (USD MILLION) 33
  15. NORTH AMERICA: GLOBAL SHUNT CAPACITOR MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 34
  16. NORTH AMERICA: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 35
  17. NORTH AMERICA: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 36
  18. U.S.: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 36
  19. U.S.: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 37
  20. CANADA: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 38
  21. CANADA: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 39
  22. EUROPE: GLOBAL SHUNT CAPACITOR MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 40
  23. EUROPE: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 40
  24. EUROPE: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 41
  25. GERMANY: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 42
  26. GERMANY: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 43
  27. U.K.: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 43
  28. U.K.: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 44
  29. FRANCE: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 45
  30. FRANCE: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 46
  31. SPAIN: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 46
  32. SPAIN: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 47
  33. REST OF EUROPE: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 48
  34. REST OF EUROPE:: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 49
  35. ASIA-PACIFIC: GLOBAL SHUNT CAPACITOR MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 50
  36. ASIA-PACIFIC: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 50
  37. ASIA-PACIFIC: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 51
  38. CHINA: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 52
  39. CHINA: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 53
  40. JAPAN: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 53
  41. JAPAN: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 54
  42. INDIA: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 55
  43. INDIA: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 56
  44. REST OF ASIA-PACIFIC: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 56
  45. REST OF ASIA-PACIFIC: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 57
  46. ROW: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 59
  47. ROW: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 59
  48. SOUTH AMERICA: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 60
  49. SOUTH AMERICA: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 61
  50. MIDDLE EAST & AFRICA: GLOBAL SHUNT CAPACITOR MARKET, BY VOLTAGE, 2023-2032 (USD MILLION) 62
  51. MIDDLE EAST & AFRICA: GLOBAL SHUNT CAPACITOR MARKET, BY END USER, 2023-2032 (USD MILLION) 63
  52. GENERAL ELECTRIC COMPANY: KEY DEVELOPMENTS, 2023-2032 76
    1.  
  53. List Of Figures
  54. RESEARCH PROCESS OF MRFR 15
  55. TOP DOWN & BOTTOM UP APPROACH 17
  56. GLOBAL ELECTRIC POWER CONSUMPTION, (KWH PER CAPITA) 19
  57. PORTER'S FIVE FORCES ANALYSIS OF GLOBAL SHUNT CAPACITOR MARKET 22
  58. GLOBAL SHUNT CAPACITOR MARKET SHARE, BY VOLTAGE, 2032 (%) 27
  59. GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END-USER, 2032 (%) 29
  60. GLOBAL SHUNT CAPACITOR MARKET SHARE, BY REGION, 2032 (%) 32
  61. NORTH AMERICA: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY COUNTRY, 2032 (%) 34
  62. NORTH AMERICA: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 35
  63. U.S.: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 37
  64. CANADA: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 38
  65. EUROPE: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY COUNTRY, 2032 (%) 39
  66. EUROPE: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 41
  67. GERMANY: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 42
  68. U.K.: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 44
  69. FRANCE: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 45
  70. SPAIN: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 47
  71. REST OF EUROPE: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 48
  72. ASIA-PACIFIC: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY COUNTRY, 2032 (%) 49
  73. ASIA-PACIFIC: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 51
  74. CHINA: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 52
  75. JAPAN: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 54
  76. INDIA: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 55
  77. REST OF ASIA-PACIFIC: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 57
  78. ROW: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY COUNTRY, 2032 (%) 58
  79. ROW: GLOBAL SHUNT CAPACITOR MARKET, BY COUNTRY, 2023-2032 (USD MILLION) 58
  80. ROW: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 59
  81. SOUTH AMERICA: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 61
  82. MIDDLE EAST & AFRICA: GLOBAL SHUNT CAPACITOR MARKET SHARE, BY END USER, 2032 (%) 62
  83. GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL SHUNT CAPACITOR MARKET, 2023-2032, (%) 64
  84. GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL SHUNT CAPACITOR MARKET, 2023-2032, (%) 66
  85. ABB LTD. : TOTAL REVENUE VS SEGMENTAL REVENUE (POWER GRIDS) 68
  86. ABB LTD.: GEOGRAPHIC REVENUE MIX, 2032 (%) 69
  87. 70
  88. ABB LTD.: SWOT ANALYSIS 70
  89. SCHNEIDER ELECTRIC: TOTAL REVENUE (USD MILLION) 71
  90. SCHNEIDER ELECTRIC: GEOGRAPHIC REVENUE MIX, 2032 (%) 72
  91. SCHNEIDER ELECTRIC: KEY DEVELOPMENTS, 2032 (%) 73
  92. SCHNEIDER ELECTRIC: SWOT ANALYSIS 73
  93. GENERAL ELECTRIC COMPANY: TOTAL REVENUE VS SEGMENTAL REVENUE (ENERGY CONNECTIONS & LIGHTING) 74
  94. GENERAL ELECTRIC COMPANY (ENERGY CONNECTIONS & LIGHTING): GEOGRAPHIC REVENUE MIX, 2032 (%) 75
  95. GENERAL ELECTRIC COMPANY: SWOT ANALYSIS 76
  96. SIEMENS AG: TOTAL REVENUE, (USD MILLION) 77
  97. SIEMENS AG: GEOGRAPHIC REVENUE MIX, 2032 (%) 78
  98. SIEMENS AG: SWOT ANALYSIS 79
  99. LARSEN & TOUBRO LIMITED: TOTAL REVENUE (USD MILLION) 80
  100. LARSEN & TOUBRO LIMITED: GEOGRAPHIC REVENUE MIX, 2032 (%) 81
  101. L&T: SWOT ANALYSIS 82
  102. EATON CORPORATION PLC : TOTAL REVENUE, 2023-2032 (USD MILLION) 83
  103. EATON CORPORATION PLC: GEOGRAPHICAL REVENUE MIX, 2032 (%) 84
  104. EATON CORPORATION PLC: SWOT ANALYSIS 85
  105. AEROVOX CORP.: KEY DEVELOPMENTS, 2023-2032 (%) 87

Shunt Capacitor Market Segmentation

Market Segmentation Overview

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  • Comprehensive analysis by multiple parameters
  • Regional and country-level breakdowns
  • Market size forecasts by segment
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