Shunt Capacitor Market: By Voltage Type, By System, By End User, and Geography
Shunt Capacitor Market: By Voltage Type, By System, By End User, and Geography
Shunt Capacitor Market size was valued at US$ 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:
Study Period
2024-2030Base Year
2023CAGR
3.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
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.
Based on regions, the market share is segmented into North America, Asia-pacific, Europe, the Middle East, and the African region. The Shunt Capacitor market in the Asia Pacific is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. 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. Asia Pacific held the major market share in 2022 and is expected to dominate the Shunt Capacitor market in the forecasted years. North America is growing significantly in the shunt capacitor industry as per capita is less as compared to Asia pacific region. as an increase in consumption the demand for shunt capacitors will increase in the forecasted years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 1,372.9 million |
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Market CAGR |
3.5% |
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By Voltage Type |
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By System |
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By End User |
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By Region |
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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.
| 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 |
Key Market Players
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