Global Capacitor Banks Market Growth 2023-2029

Global Capacitor Banks Market Growth 2023-2029

A capacitor bank is merely a grouping of several capacitors of the same rating. Capacitor banks may be connected in series or parallel, depending upon the desired rating. As with an individual capacitor, banks of capacitors are used to store electrical energy and condition the flow of that energy. Increasing the number of capacitors in a bank will increase the capacity of energy that can be stored on a single device. In this report, it can be divided into two types LV & MV capacitor banks (less than 35 KV) and HV capacitor banks (above 35 KV).
LPI (LP Information)' newest research report, the “Capacitor Banks Industry Forecast” looks at past sales and reviews total world Capacitor Banks sales in 2022, providing a comprehensive analysis by region and market sector of projected Capacitor Banks sales for 2023 through 2029. With Capacitor Banks sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Capacitor Banks industry.
This Insight Report provides a comprehensive analysis of the global Capacitor Banks landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Capacitor Banks portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Capacitor Banks market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Capacitor Banks and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Capacitor Banks.
The global Capacitor Banks market size is projected to grow from US$ 3062.1 million in 2022 to US$ 3930.5 million in 2029; it is expected to grow at a CAGR of 3930.5 from 2023 to 2029.
According to regions, North America dominated the entire market of the capacitor banks with about 31% of the global market share in 2019.Following North America, Europe made up about 28% of the market share.
Between the two types of capacitor banks, the LV & MV capacitor banks held more market share with around 57% in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Capacitor Banks market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
LV & MV Capacitor Banks
HV Capacitor Banks
Segmentation by application
Commercial
Residential
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
Schneider Electric
Eaton
GE
Siemens Energy
Sieyuan
Chint Group
Arteche
SAMWHA
Alpes Technologies
Herong Electric
Shreem Electric
Bree
CIRCUTOR
Sun.King Technology

Key Questions Addressed in this Report
What is the 10-year outlook for the global Capacitor Banks market?
What factors are driving Capacitor Banks market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Capacitor Banks market opportunities vary by end market size?
How does Capacitor Banks break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.