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During the forecast period (2023-2030), the market for capacitor banks is expected to develop at a CAGR of 6.6% to reach $3,927,000,000 USD.
To assign a value to the bank of multiple capacitors connected in parallel series, which is used to store electrical energy. The resulting bank can then use the phase or factor lag to switch to AC, improving the efficiency of the power supply. Direct Current (DC) can be increased to provide sufficient power in order to enhance the current capacity. The global market for capacitor banks is expanding rapidly, in part because of rising infrastructure spending in a number of developing nations. However, throughout the anticipated period, the global market is likely to increase at a higher CAGR, which would result in a bigger market value in the capacitor banks market in the global industry.
Several capacitors of the same rating are connected in series or parallel to form a capacitor bank, which stores electrical energy in all of the capacitors. Therefore, the total quantity of energy that can be stored in a single device is proportional to the number of capacitors in the bank. The cement, power generation, steel, electric power, pulp & paper, and mining industries all use capacitor banks for voltage regulation, power factor correction, and to jerk of single-phase motors in electronic industries. Capacitor banks of both the high voltage (HV) and medium voltage (MV) fixed type find indoor and outdoor use in a variety of end-use industries. A fence surrounds outdoor installations of HV capacitor banks, while MV capacitors can be placed everywhere from outside to interiors or even in the poles of MV overhead lines.
Increasing demand from manufacturing fuels growth in the capacitor bank market. In the electric power business, capacitor banks are utilised to boost both the total quantity of stored energy and the ripple present capacity of power supplies. Capacitor banks are used to smooth out fluctuations in AC power supplies for working loads in industrial settings. Inductive loads, such as those found in industrial electric motors and transformers, induce a phenomena known as phase shift or power factor lag, which is problematic for any power grid. An rise in power supply costs and a decrease in system efficiency are possible outcomes of this undesirable event. Therefore, capacitor banks are utilised in the manufacturing sector to rectify power factor and lessen the expense of electrical power.
The global capacitor bank market is anticipated to be driven by increasing investments in the refurbishment and replacement of existing electrical infrastructure and rising electricity consumption, especially in developing nations like China and India, as a result of rapid urbanisation and industrialization. For instance, Asia's annual electricity consumption is expected to rise from 10,716 TWh in 2019 (from 8,866 TWh in 2015). Power transmission efficiency is maximised, and power flow regulation is enhanced, with the help of a capacitor bank. The global capacitor bank market is anticipated to expand during the forecast period on account of rising demand for efficient power transmission systems to guarantee reliable power distribution. Capacitor banks provide voltage stability, limit charges for excessive reactive power consumption, and improve power quality. Between 2019 and 2030, the global capacitor bank market is expected to be buoyed by rising concerns about reducing power system losses and large investments by regulatory bodies to expand grid networks.
The global market for capacitor banks is seeing increasing demand. The global market has been expanding at a rapid rate because of the rising demand for electricity caused by the expansion of the transmission sector. Market expansion is also helped by rising spending on renewable energy. One element fueling market expansion is the rising number of countries investing in infrastructure. Capacitor banks are becoming increasingly popular, but their sales could be stunted by a few key concerns. The substantial outlay of starting funds limits the market's potential. Price swings in key inputs also act as a brake on the market's expansion.
Report Coverage
Global Capacitor Banks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Capacitor Banks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Capacitor Banks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Capacitor Banks market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Capacitor Banks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Capacitor Banks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Alstom SA (France), BB Ltd. (Switzerland), Siemens Energy (Germany),Toshiba (Japan), Epcos AG (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Capacitor Banks market based on the below-mentioned segments:
Global Capacitor Banks Market, By Technology
LCC
VSC
Global Capacitor Banks market, By Application
Commercial
Residential
Industrial
Global Capacitor Banks market, Regional Analysis
To assign a value to the bank of multiple capacitors connected in parallel series, which is used to store electrical energy. The resulting bank can then use the phase or factor lag to switch to AC, improving the efficiency of the power supply. Direct Current (DC) can be increased to provide sufficient power in order to enhance the current capacity. The global market for capacitor banks is expanding rapidly, in part because of rising infrastructure spending in a number of developing nations. However, throughout the anticipated period, the global market is likely to increase at a higher CAGR, which would result in a bigger market value in the capacitor banks market in the global industry.
Several capacitors of the same rating are connected in series or parallel to form a capacitor bank, which stores electrical energy in all of the capacitors. Therefore, the total quantity of energy that can be stored in a single device is proportional to the number of capacitors in the bank. The cement, power generation, steel, electric power, pulp & paper, and mining industries all use capacitor banks for voltage regulation, power factor correction, and to jerk of single-phase motors in electronic industries. Capacitor banks of both the high voltage (HV) and medium voltage (MV) fixed type find indoor and outdoor use in a variety of end-use industries. A fence surrounds outdoor installations of HV capacitor banks, while MV capacitors can be placed everywhere from outside to interiors or even in the poles of MV overhead lines.
Increasing demand from manufacturing fuels growth in the capacitor bank market. In the electric power business, capacitor banks are utilised to boost both the total quantity of stored energy and the ripple present capacity of power supplies. Capacitor banks are used to smooth out fluctuations in AC power supplies for working loads in industrial settings. Inductive loads, such as those found in industrial electric motors and transformers, induce a phenomena known as phase shift or power factor lag, which is problematic for any power grid. An rise in power supply costs and a decrease in system efficiency are possible outcomes of this undesirable event. Therefore, capacitor banks are utilised in the manufacturing sector to rectify power factor and lessen the expense of electrical power.
The global capacitor bank market is anticipated to be driven by increasing investments in the refurbishment and replacement of existing electrical infrastructure and rising electricity consumption, especially in developing nations like China and India, as a result of rapid urbanisation and industrialization. For instance, Asia's annual electricity consumption is expected to rise from 10,716 TWh in 2019 (from 8,866 TWh in 2015). Power transmission efficiency is maximised, and power flow regulation is enhanced, with the help of a capacitor bank. The global capacitor bank market is anticipated to expand during the forecast period on account of rising demand for efficient power transmission systems to guarantee reliable power distribution. Capacitor banks provide voltage stability, limit charges for excessive reactive power consumption, and improve power quality. Between 2019 and 2030, the global capacitor bank market is expected to be buoyed by rising concerns about reducing power system losses and large investments by regulatory bodies to expand grid networks.
The global market for capacitor banks is seeing increasing demand. The global market has been expanding at a rapid rate because of the rising demand for electricity caused by the expansion of the transmission sector. Market expansion is also helped by rising spending on renewable energy. One element fueling market expansion is the rising number of countries investing in infrastructure. Capacitor banks are becoming increasingly popular, but their sales could be stunted by a few key concerns. The substantial outlay of starting funds limits the market's potential. Price swings in key inputs also act as a brake on the market's expansion.
Report Coverage
Global Capacitor Banks research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Capacitor Banks report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Capacitor Banks competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Capacitor Banks market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Alstom SA (France), BB Ltd. (Switzerland), Siemens Energy (Germany),Toshiba (Japan), Epcos AG (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Capacitor Banks Market from 2021 to 2030.
- Market Forecast for Capacitor Banks Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Capacitor Banks competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Capacitor Banks
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Capacitor Banks market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Capacitor Banks market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Alstom SA (France), BB Ltd. (Switzerland), Siemens Energy (Germany),Toshiba (Japan), Epcos AG (Germany)
Primary Target Market
- Market Players of Capacitor Banks
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Capacitor Banks market based on the below-mentioned segments:
Global Capacitor Banks Market, By Technology
LCC
VSC
Global Capacitor Banks market, By Application
Commercial
Residential
Industrial
Global Capacitor Banks market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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