openPR Logo
Press release

Shunt Capacitor Market 2022 Size, Share, Production, Revenue | Key Players: ABB, General Electric, Schneider Electric, Siemens, Eaton, Larsen & Toubro, Aerovox, CIRCUTOR, Energy Capacitors

Shunt Capacitor Market 2022 Size, Share, Production, Revenue |

The global shunt capacitor market is garnering substantial traction. Utilities use shunt capacitors to provide reactive power near the inductive loads that require even distribution of voltages. Also, shunt capacitors are used broadly by utilities to prevent damages to critical and expensive electrical equipment. Besides, the market growth attributes to various applications of shunt capacitors in high-powered lasers, electric instruments, and electric vehicles.

Moreover, increasing investments to substantiate green-energy generation and fuel-cell electric vehicles worldwide escalate market growth. According to Market Research Future (MRFR), the global shunt capacitor market is poised to value USD 893.8 MN by 2023, registering 6.72% CAGR during the assessment period (2017–2023). Increasing shunt capacitors' applications in portable electric medical devices is a major driving force behind the market growth.

Get Free Sample PDF @ https://www.marketresearchfuture.com/sample_request/3947

Also, the extensive uptake of these capacitors in various industries such as energy, consumer electronics, industrial, and automotive acts as a key tailwind for the market's growth. Additionally, the increasing need for energy conservation and the demand for high-performance capacitors bolster the market size. Increasing demand for additional capabilities and high implementation of capacitors across various sectors impacts the market growth positively.

Global Shunt Capacitor Market – Segments

The report is segmented into three dynamics;

By Voltage: Low, Medium, and High Voltage.

By End User: Utilities, Industries, and others.

By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.

Global Shunt Capacitor Market – Regional Analysis

The Asia Pacific region dominates the global shunt capacitor market. The largest market share attributes to the increasing demand for energy, growing population, and improving lifestyles of demographics. Besides, the presence of many capacitor manufacturers and the increasing growth in the consumer electronics & automotive industries substantiate the regional market size.

China, Japan, and India are predominantly driving the growth in the regional market due to the presence of a large number of electronic devices manufacturing companies in these countries. China is the world's largest market for the power transmission & distribution network and invests a huge amount each year. The APAC shunt capacitor market is projected to retain its dominance, registering 7.34% CAGR throughout the estimated period.

Europe stands second in the global shunt capacitor market. The market growth is driven by burgeoning electronics industries, especially in the UK and Germany. Additionally, strict regulations pertaining to environment-friendly technologies influence the regional market. Growing demand for shunt capacitors and increasing R&D activities act as key driving forces for the regional market's growth.

Request For Customization @ https://www.marketresearchfuture.com/ask_for_customize/3947

Furthermore, the presence of major electronics manufacturers and rising demand for digital technologies contribute to the regional market's growth. The availability of potent technologies at a much affordable cost is a trend likely to continue in the upcoming years. The European shunt capacitor market is expected to grow at a considerable CAGR throughout the review period.

The North America shunt capacitor market demonstrates a huge potential for revenue generation. The region is a hub for the technological development and adoption of innovative technologies. Factors such as the increasing demand for replacement of aging infrastructure and targeted government initiatives to improve the existing T&D grid foster the market's growth.

Moreover, the rapidly growing automotive and consumer electronics industry verticals and the presence of a well-established infrastructure support market progress, allowing implementations of advanced technologies. The US and Canada are key growth contributors to the growth of the regional market. The North American shunt capacitors market is expected to generate a substantial revenue pocket through 2017-2023.

Global Shunt Capacitor Market – Competitive Analysis

Highly competitive, the shunt capacitor market appears to be fragmented due to the presence of numerous well-established players. Strategic moves such as innovation, mergers & acquisitions, and brand reinforcement support the key players' growth and expansion plans.

These players make substantial R&D investments to deliver reliable, leading-edge products and services. Strongly focused on enhancing their product portfolios with the latest technologies, these companies follow organic and inorganic growth approaches, engaging in product development. The market competition would intensify further due to new product launches and the new entrants in the market.

Major Players

Players leading the shunt capacitor market include Schneider Electric (France), ABB Ltd. (US), General Electric Company (US), Larsen & Toubro Ltd (India), Siemens AG (Germany), Eaton Corporation Plc (Ireland), Magnewin Energy Private Limited (India), Aerovox Corp. (US), CIRCUTOR, SA (Spain), and Energe Capacitors Pvt. Ltd. (India), among others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/shunt-capacitor-market-3947

Industry/ Innovation/ Related News

July 23, 2020 ----- The Energy Department US laid out the next steps for executing the White House's Executive Order regarding the US Bulk Power System. On May 1, President Trump signed an Executive Order, Securing the US Bulk-Power System. The Executive Order authorizes DOE to determine bulk-power equipment purchases.

DOE is creating a task force to develop recommendations for excluding national security threats from the power grid. It is requesting information from energy companies for identifying and mitigating vulnerabilities in the bulk-power system. DOE is consulting with other agencies to develop regulations to implement the Executive Order.

Related Reports:-

https://www.marketresearchfuture.com/reports/pipeline-process-services-market-9016

https://www.marketresearchfuture.com/reports/vacuum-interrupter-market-8587

https://www.marketresearchfuture.com/reports/floating-lng-power-vessel-market-8586

https://www.marketresearchfuture.com/reports/switchgear-monitoring-market-7970

https://www.marketresearchfuture.com/reports/intelligent-motor-controller-market-7653

https://www.marketresearchfuture.com/reports/smart-solar-market-7522

https://www.marketresearchfuture.com/reports/tension-control-market-7415

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

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 Edibles.

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.

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 2022 Size, Share, Production, Revenue | Key Players: ABB, General Electric, Schneider Electric, Siemens, Eaton, Larsen & Toubro, Aerovox, CIRCUTOR, Energy Capacitors here

News-ID: 2518681 • Views: 794

More Releases from Market Research Future - MRFR

Low-Pressure Liquid Chromatography Market Report Growth, Size, Demand, Trends an …
Market Highlights According to MRFR analysis, the global low-pressure liquid chromatography market is expected to register a CAGR of ~3.6% from 2020 to 2027. The global low-pressure liquid chromatography market is driven by the expansion of research facilities across the globe, increasing government funding in the healthcare sector, and the rising population diagnosed with hereditary disorders such as Parkinson's disease, sickle cell disease, and Alzheimer's disease. In addition, increasing demand for DNA-based,
Emergency Medical Service Market Size, Share, Top Players, Demands, Overview, Co …
Overview: The report on the market for global emergency medical services is revealing opportunities that can take the market beyond an expected valuation of USD 32.95 billion by 2025 by noting a 6.9% CAGR over the forecast period encompassing 2019 to 2025. Market Research Future (MRFR) revealed that this market could benefit from increasing investment in the sector from government and private organizations, various mergers and collaborations, better technological support, and
Radiopharmaceuticals Market Share, Size, Key Players, Trends, Demand, Competitiv …
The increasing use of radioisotopes in mainstream medical treatment is estimated to boost the Radiopharmaceuticals Market in 2020. The pharmaceutical reports are made by Market Research Future, which includes market options for development. A CAGR of 8.10 % is estimated to carve out income worth USD 15,060.87 Million by 2025. The increase in the number of therapeutic and diagnostic applications is estimated to have a conducive effect on the radiopharmaceuticals market
Battery Analyzer Market 2022 Growth Factors, Applications, Regional Analysis, To …
Market Highlights The global battery analyzer market is expected to be valued at USD 546 million by 2026, with ~4% CAGR during the forecast period, 2020–2026. Battery Analyzer are used to measure the voltage, capacity, and other technical specifications of batteries. In 2019, Asia-Pacific dominated the global battery analyzer market share: MRFR The global battery tester market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America,

All 5 Releases