openPR Logo
Press release

Shunt Capacitor Market Leading Countries, Companies, Drivers, Significant Growth, Analysis by Manufacturers, Challenges and Forecast 2023

02-11-2019 03:09 PM CET | Energy & Environment

Press release from: Market Research Future

Shunt Capacitor Market Leading Countries, Companies, Drivers,

Market Scenario

Based on voltage, shunt capacitor market has been divided into low voltage, medium voltage and high voltage. High Voltage accounted for the largest market share of 63.47% in 2016, with a market value of USD 362.3 Million. These capacitors offer excellent reliability and thermal shock performance. Medium Voltage was the second-largest market in 2016, valued at USD 135.9 Million in 2016; it is projected to grow at a CAGR of 5.79%. Medium Voltage shunt capacitors are installed in industrial electrical networks, primarily, to meet the compensation requirements of individual MV induction motors and overall power factor correction at the medium voltage bus.

Request to view Sample Report:
https://www.marketresearchfuture.com/sample_request/3947

Based on end user, the market has been divided into Utilities, Industries and Others. Utilities accounted for the largest market share of 56.30% in 2016, with a market value of USD 321.4 Million. Utilities use shunt capacitors at distribution and utilization voltages to provide reactive power near the inductive loads that require it. Shunt capacitors are used broadly by utilities to prevent damages to critical and expensive equipment. The increasing electricity access across the world, would result in an increase in the number of substations, which would in turn, raise the demand for shunt capacitors. Industries was the second-largest market in 2016, valued at USD 195.2 Million in 2016; it is projected to grow at a CAGR of 5.74%. Industrial sector relies totally on continuous power supply. Shunt capacitor helps to improve the overall power factor of the system and they form a very important part of energy efficient system.

On the basis of region, Asia-Pacific region accounted for the largest market share of 41.30% in 2016, with a market value of USD 235.7 Million and is projected to grow at the highest CAGR of 7.34% during the forecast period. There is an increasing demand for energy because of the growing population and improvement in the lifestyle in the region. China is the world’s largest market for the power transmission & distribution. According to IEA World Energy Investment Outlook, China is investing around USD 83 billion on their transmission & distribution network.

Europe was the second-largest market in 2016, valued at USD 151.0 Million. The increasing number of cross-border interconnections will drive the growth for the transmission and distribution (T&D) equipment market in Europe. Europe is developing an interconnected grid that can transfer electricity between countries in the region such as between the UK, Germany, Poland, France, and Sweden. The benefits of such interconnected systems include the improvement of grid reliability and combining reserves and reduction in the investments in power-generating capacity.

North America is another major market for shunt capacitor. It accounted for the market share of 19.7% in 2016, with a market value of USD 112.2 million. Increasing demand for replacement of aging infrastructure and targeted government initiatives and stimulus to improve the existing T&D grid drives the growth of the market. In rest of the world, Middle East & Africa accounted for the largest market share of 54.60% in 2016, with a market value of USD 39.3 Million and is projected to grow at the highest CAGR of 5.84% during the forecast period.

Hence, global shunt capacitor market is expected to reach a market size of USD 893.8 million by the end of the forecast period at CAGR of 6.72%.

View Report Preview:
https://www.marketresearchfuture.com/reports/shunt-capacitor-market-3947

The Key Players of global shunt capacitor market are ABB Ltd. (U.S.), Schneider Electric (France), General Electric Company (U.S.), Siemens AG (Germany), Larsen & Toubro Ltd (India), Eaton Corporation Plc (Ireland), Aerovox Corp. (U.S.), Magnewin Energy Private Limited (India), CIRCUTOR, SA (Spain), Energe Capacitors Pvt Ltd (India) and others.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shunt Capacitor Market Leading Countries, Companies, Drivers, Significant Growth, Analysis by Manufacturers, Challenges and Forecast 2023 here

News-ID: 1577638 • Views: 331

More Releases from Market Research Future

Clinical Trial Management System Market Demand, Industry Share, Size, Applicatio …
Clinical Trial Management System Market Analysis by Type (Enterprise Clinical Trial Management System), Delivery Model (Licensed Enterprise), Component (Service) and End-User (Medical Device Manufacturers), and Regional Competitive Share, Size and Trends, 2018-2023 Market Overview Clinical Trial Management System Market is mostly a software system which helps to plan, prepare, and manage a large amount of clinical trials data that is produced by biotechnological and pharmaceutical companies. Drug research has gained momentum in
Reusable Satellite Launch Vehicle (RSLV) Market 2019-2023 | Report Information b …
Global Reusable Satellite Launch Vehicle Market Report Information by Configuration (Single Stage, Multiple Stage), by Type (Partially Reusable, Fully Reusable), Vehicle Weight (Up to 4,000lbs, 4000-9000lbs, Over 9000lbs), & by Region - Forecast Till 2023 The Reusable satellite launch vehicle market is estimated to witness a CAGR of more than 12% during the forecast period from 2018 to 2023. The key players in the reusable satellite launch vehicle market are Airbus S.A.S
Bakery Enzymes Market Global Research Report and Top Key Players: AB Enzymes Gmb …
Market Overview The increasing demand for bakery products in the food and beverage industry including, bread, cookies, and pastries are raising the demand for bakery enzymes at a global level. Enzymes are an important ingredient used in most bakery products. There are two scenarios regarding the use of enzymes, either the enzymes are used to convert the raw material into the main product, or the enzymes are used as additives to
Commercial Airport Lighting Market 2019-2023 | Worldwide Overview By Technology, …
Global Commercial Airport Lighting Market Research Report: Information by Technology (LED, Non-LED), by Application (Airside Lighting, Terminal Lighting, Landside Lighting), and by Region — Forecast till 2023 Honeywell International Inc., (US), ADB SAFEGATE (US), ABB (Switzerland), vosla GmBH (Germany), Avlite (Australia), Carmanah (Canada), Eaton (Ireland), atg airports limited (UK), Avionics Group (US), and HELLA GmBH & Co. KGaA (Germany) are some of the prominent players profiled in MRFR Analysis and are

All 5 Releases


More Releases for USD

Agriculture Robots worth USD 3.5 billion market
According to Goldstein Research, the rising demand for agriculture robots is being driven by a numerous factors including global population growth, increasing strain on the food supply and decreasing availability of farm workers in developed countries. Global agriculture robots market segmentation includes products types such as driverless tractors, milking robots, potato sorting system, unmanned aerial vehicles and other. The market for agricultural robots is emerging at a rapid pace, with
Polyurethane Dispersions Market worth USD 2.04 Billion USD by 2020
The report " Polyurethane Dispersions Market by Type (Water-Based Polyurethane Dispersions and Solvent-Based Polyurethane Dispersions), by Application (Coatings, Adhesives & Sealants, Synthetic Leather Production, Fiber Glass Sizing, and Others) - Trends & Forecasts to 2020", The global polyurethane dispersions market is projected to reach USD 2.04 Billion by 2020 at a CAGR of 6.8% between 2015 and 2020. This growth is fueled by the high potential from the textile and
Retail Analytics Market worth USD 5.1 Billion USD by 2020
According to a new market research report "Retail Analytics Market by Business Function (Marketing and Customer Analytics, Merchandizing and In-Store Analytics, Supply Chain Analytics, Strategy and Planning), by Type, by Solutions and by Services - Global Forecast and Analysis to 2020", defines and segments the global retail analytics market on the basis of business function, solutions, services, deployment types, and regions along with providing an in-depth analysis and market size
Metabolomics Market USD 1.24 Billion by 2020
The global metabolomics market is estimated to reach USD 1.24 Billion in 2020, growing at a CAGR of 15.6% from 2016 to 2020, according to a market research report Metabolomics Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Metabolomics Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/metabolomics-market/ Metabolomics is the scientific study of chemical processes involving metabolites, whereas metabolome represents the collection of all metabolites in a biological cell, tissue, organ or organism, which
Albumin Market USD 300 Million by 2020
According to a market research report Albumin Market 2013-2020, published by iHealthcareAnalyst, Inc., the global albumin market is estimated to reach USD 300 Million in 2020, expanding at a CAGR of 2.4% from 2016 to 2020. Visit the Albumin Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/albumin-market/ The global albumin market segmentation is based on type (human serum albumin, bovine serum albumin, recombinant albumin), and its applications (drug formulation and drug delivery, vaccines, components
Nanomedicine Market USD 170 Billion by 2020
The global nanomedicine market is estimated to reach USD 170 Billion in 2020, growing at a CAGR of 8.9% from 2016 to 2020, according to a market research report Nanomedicine Market 2013-2020, published by iHealthcareAnalyst, Inc. Visit the Nanomedicine Market 2013-2020 report at https://www.ihealthcareanalyst.com/report/nanomedicine-market/ Nanomedicine is the medical application of nanotechnology that ranges from the medical applications of nanomaterials and biological devices, to nanoelectronic biosensors, and even possible future applications of