Capacitor Banks Market Size, Share & Trends Analysis Report By Voltage (Low [<10 kV], Medium [10 kV–69 kV], High [>69 kV]), By Application (Power Factor Correction, Harmonic Filter), By Region, And Segment Forecasts, 2024 - 2030
Capacitor Banks Market Size & Trends
The global capacitor banks market size was estimated at USD 4.61 billion in 2023 and expected to grow at a CAGR of 4.87% from 2024 to 2030. Rising demand for power globally owing to the growing penetration of various electronic devices is fueling the market growth. Additionally, the increasing adoption of renewable energy to tackle climate change and global warming is spurring the demand for capacitor banks.
The capacitor banks market is experiencing significant growth due to the increasing adoption of renewable energy sources, such as solar and wind power. As countries strive to reduce their carbon footprint and meet sustainability goals, the integration of renewable energy into the grid has become a priority. Capacitor banks are essential in stabilizing voltage levels and improving power quality in these renewable energy systems, which are often characterized by variability and intermittency. This growing focus on green energy is driving demand for advanced capacitor banks that can efficiently manage power fluctuations and enhance the reliability of renewable energy grids.
Global Capacitor Banks Market Report Segmentation
This report forecasts revenue & volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented capacitor banks market report based on type, application, and region:
- Voltage Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)
- Low [<10 kV]
- Medium [10 kV - 69 kV]
- High [>69 kV]
- Application Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)
- Power Factor Correction
- Harmonic Filter
- Voltage Regulation
- Renewable Integration
- Industrial Application
- Data Centers
- Others
- Regional Outlook (Volume, MW; Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- The Netherlands
- Denmark
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Thailand
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
- Chapter 3. Capacitor Banks Market Variables, Trends & Scope
- 3.1. Global Capacitor Banks Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis of Key value chain participants
- 3.2.2. Raw Voltage Trends
- 3.2.3. Raw Voltage Price Analysis
- 3.3. Technology Overview
- 3.4. Analysis of Potential Sustainable Substitute Voltage
- 3.5. Impact of Circular Economy
- 3.6. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.6.1. Key Factors Influencing Pricing
- 3.7. Supply-Demand GAP Analysis, 2023
- 3.8. Regulatory Framework
- 3.8.1. Policies and Incentive Plans
- 3.8.2. Standards and Compliances
- 3.8.3. Regulatory Impact Analysis
- 3.9. Market Dynamics
- 3.9.1. Market Driver Analysis
- 3.9.2. Market Restraint Analysis
- 3.9.3. Industry Challenges
- 3.10. Porter’s Five Forces Analysis
- 3.10.1. Supplier Power
- 3.10.2. Buyer Power
- 3.10.3. Substitution Threat
- 3.10.4. Threat from New Entrant
- 3.10.5. Competitive Rivalry
- 3.11. PESTEL Analysis
- 3.11.1. Political Landscape
- 3.11.2. Economic Landscape
- 3.11.3. Social Landscape
- 3.11.4. Technological Landscape
- 3.11.5. Environmental Landscape
- 3.11.6. Legal Landscape
- Chapter 4. Capacitor Banks Market: Voltage Outlook Estimates & Forecasts
- 4.1. Capacitor Banks Market: Voltage Movement Analysis, 2023 & 2030
- 4.1.1. Low [<10 kV]
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 4.1.2. Medium [10 kV – 69 kV]
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 4.1.3. High [>69 kV]
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- Chapter 5. Capacitor Banks Market: Application Outlook Estimates & Forecasts
- 5.1. Capacitor Banks Market: Application Movement Analysis, 2023 & 2030
- 5.1.1. Power Factor Correction
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 5.1.2. Harmonic Filter
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 5.1.3. Voltage Regulation
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 5.1.4. Renewable Integration
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 5.1.5. Industrial Application
- 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 5.1.6. Data Centers
- 5.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 5.1.7. Others
- 5.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- Chapter 6. Capacitor Banks Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Capacitor Banks Market: Regional Movement Analysis, 2023 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.3.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.3.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.3.4.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.3.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.3.5.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.3.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.3.6.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.3.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.4.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.4.4. UK
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.4.4.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.4.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.4.5. Germany
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.4.5.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.4.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.4.6.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.4.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.4.7.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.4.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.4.8. Spain
- 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.4.8.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.4.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.4.9. The Netherlands
- 6.4.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.4.9.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.4.9.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.4.10. Denmark
- 6.4.10.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.4.10.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.4.10.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.5.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.5.4.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.5.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.5.5.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.5.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.5.6.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.5.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.5.7.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.5.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.5.8. Indonesia
- 6.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.5.8.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.5.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.5.9. Thailand
- 6.5.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.5.9.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.5.9.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.6.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.6.4.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.6.5.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.7.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.7.4. UAE
- 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.7.4.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.7.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.7.5. Saudi Arabia
- 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.7.5.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.7.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- 6.7.6. South Africa
- 6.7.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (MW)
- 6.7.6.2. Market estimates and forecast, by voltage, 2018 - 2030 (USD Million) (MW)
- 6.7.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (MW)
- Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End-users
- 7.3. Competitive Dynamics
- 7.3.1. Company Market Share Analysis & Market Positioning
- 7.3.2. Competitive Benchmarking
- 7.3.3. Strategy Mapping
- 7.3.4. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Participant’s overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.3.1. Eaton
- 7.4.3.2. Comar Condensatori S.p.A
- 7.4.3.3. ABB Ltd.
- 7.4.3.4. Siemens
- 7.4.3.5. Schneider Electric SE
- 7.4.3.6. General Electric Company
- 7.4.3.7. Toshiba Corporation
- 7.4.3.8. Hitachi Ltd.
- 7.4.3.9. Larsen & Toubro
- 7.4.3.10. Bharat Heavy Electricals Limited
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