Shunt Capacitor Market: By Voltage Type (Low, Medium, and High Voltage), By System (Floor, Pole, Wall- Mounted, and Others), By End User (Utility, Industry, and Others), and Geography

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Shunt Capacitor Market size was valued at USD 1,372.9 million in 2022, growing at a 3.5% CAGR from 2023 to 2029. Shunt capacitors are an integral part of a power system because it helps in power factor correction. The fact that this apparatus can be deployed anywhere in a circuit or a power network makes it the ideal option for this work. Shunt capacitors are also relatively cheaper than series capacitors and easy to install. The demand for electricity is increased due to the influence of technology on human life. Countries have increased electricity production in the last decade. Based on the system the shunt capacitor is segmented into floor-mounted, pole-mounted, and wall-mounted, maximum control on electricity pole-mounted capacitor is mostly to be seen, and capacity might be saving electricity for serving the line and controls high voltage. The per capita consumption of electricity increasing, and all electrical networks line require safe and reliable energy, use of a capacitor enhances the production of shunt capacity which drives the market. An increase in nuclear energy consumption provides a better opportunity for the manufacturer. Most of the government regulations to their electrical board companies are controlling energy consumption in the world. China is by far the largest electricity-generating country in the world, with over 8.5 petawatt-hours generated in 2021. It was followed by the United States, with an electricity production of some 4.4 petawatt-hours that year. Geographically, Asia pacific held the major market share in 2022 and is expected to dominate the Shunt Capacitor market in the forecasted years.

Shunt Capacitor Market Key Developments:

  • In June 2021, Diesel & motor engineering Plc and Siemens India secured Ceylon electricity board contract for variable shunt reactors.

Shunt Capacitor Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.5%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Shunt Capacitor Market Dynamics

The increasing per capita consumption of electricity across the world is the major driver in the Shunt Capacitor market during the forecast period. Growth in the construction of buildings, apartments, railway, and metro increased the demand for electricity which is expected to drive the global market for shunt capacitors. With increased demand, all electrical network requires the use of a shunt capacitor for the effective, reliable, and safe operation of electricity. Hence, this will drive global market growth at a significant rate.

Shunt Capacitor Market Segmentation

By Voltage Type
  • Low voltage
  • Medium voltage
  • High Voltage
By System
  • Floor Mounted,
  • Pole Mounted 
  • Wall- Mounted
  • Others
By End User
  • Utility
  • Industry
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
LOCATION

Geography

Frequently Asked Questions

The shunt capacitor market was valued at usd 1,372.9 million in 2022, growing at an 3.5% cagr from 2023 to 2029.

The leading players in the Shunt Capacitor market are General Electrical Company, ABB Ltd., Siemens AG, Larsen & Toubro Ltd., Eaton Corporation, Magnewin Energy Pvt. Ltd., Globe capacitors, Motif electrics Ltd., TDK Electronics AG, and Others

Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation, and Seven years forecast is presented from 2023 – 2029.

Key Features of the Reports

  • The shunt capacitor market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
1.Executive Summary
2.Global Shunt Capacitor Market Introduction 
2.1.Global Shunt Capacitor Market  - Taxonomy
2.2.Global Shunt Capacitor Market  - Definitions
2.2.1.Voltage Type
2.2.2.System
2.2.3.End user
2.2.4.Region
3.Global Shunt Capacitor Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Shunt Capacitor Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Shunt Capacitor Market  By Voltage Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Low voltage
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Medium voltage
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. High Voltage
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Shunt Capacitor Market  By System, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Floor Mounted,
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Pole Mounted 
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Wall- Mounted
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Shunt Capacitor Market  By End user, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Utility
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Industry
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Others
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8.Global Shunt Capacitor Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Shunt Capacitor Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Voltage Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Low voltage
9.1.2.Medium voltage
9.1.3.High Voltage
9.2.  System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Floor Mounted,
9.2.2.Pole Mounted 
9.2.3.Wall- Mounted
9.2.4.Others
9.3.  End user Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Utility
9.3.2.Industry
9.3.3.Others
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Shunt Capacitor Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Voltage Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Low voltage
10.1.2.Medium voltage
10.1.3.High Voltage
10.2.  System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Floor Mounted,
10.2.2.Pole Mounted 
10.2.3.Wall- Mounted
10.2.4.Others
10.3.  End user Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Utility
10.3.2.Industry
10.3.3.Others
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Shunt Capacitor Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Voltage Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Low voltage
11.1.2.Medium voltage
11.1.3.High Voltage
11.2.  System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Floor Mounted,
11.2.2.Pole Mounted 
11.2.3.Wall- Mounted
11.2.4.Others
11.3.  End user Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Utility
11.3.2.Industry
11.3.3.Others
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Shunt Capacitor Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Voltage Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Low voltage
12.1.2.Medium voltage
12.1.3.High Voltage
12.2.  System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Floor Mounted,
12.2.2.Pole Mounted 
12.2.3.Wall- Mounted
12.2.4.Others
12.3.  End user Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Utility
12.3.2.Industry
12.3.3.Others
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Shunt Capacitor Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Voltage Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Low voltage
13.1.2.Medium voltage
13.1.3.High Voltage
13.2.  System Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Floor Mounted,
13.2.2.Pole Mounted 
13.2.3.Wall- Mounted
13.2.4.Others
13.3.  End user Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Utility
13.3.2.Industry
13.3.3.Others
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.General Electrical Company
14.2.2.ABB Ltd
14.2.3.Siemens AG
14.2.4.Larsen & Toubro Ltd
14.2.5.Eaton corporation
14.2.6.Magnewin Energy Pvt. Ltd
14.2.7.Globe capacitors
14.2.8.Motif electrics Ltd
14.2.9.TDK electronics AG
15. Research Methodology 
16. Appendix and Abbreviations 
  • General Electrical Company
  • ABB Ltd
  • Siemens AG
  • Larsen & Toubro Ltd
  • Eaton corporation
  • Magnewin Energy Pvt. Ltd
  • Globe capacitors
  • Motif electrics Ltd
  • TDK electronics AG

Adjacent Markets