Menu ×

ELECTRONICS & SMART DEVICES

Shunt Capacitor Market Analysis by Type (Low, Medium, and High Voltage); by Application (Utilities, Industries, and Others); and by System (Floor, Pole, and Wall-Mounted, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

  • Text Size:

Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

Request Insights

Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

Read More

IN THE NEWS

  • ABB Group was selected to supply a High Voltage Direct Current (HVDC) Light Valve, high voltage capacitors, and power semiconductor devices to China for its Zhangbei HVDC grid built in the area of Beijing-Tianjin-Hebei. This HVDC will help to control and transmit power flow between grids efficiently by supporting the voltage and frequency of weak grids.
  • GE: GE (General Electric) declared the first Solution developed after the acquisition of Opus One Solutions. ‘Opus One DERMS’ Solution (Distributed Energy Resource Management System) helps utilities to optimize the energy transition and help keep the electric grid safe, secure, and resilient.

Global Shunt Capacitor Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Shunt-Capacitor-Market-Size

The global shunt capacitor market is estimated to garner significant revenue by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market generated significant revenue in the year 2021. Shunt capacitors help in power factor correction to support the voltage of the transmission systems. A shunt capacitor generates a low resistance path for the high voltage current flow. A shunt capacitor helps to improve power quality and reduce power breakage and voltage imbalance. The shunt capacitor is used in the power system to support the electric cables. The growth of the market can be attributed to increasing in power generation plants and transmission cables. The Global Power Plant Database covers about 30,000 power plants from around 164 countries involving thermal plants and renewables.

Shunt-Capacitor-Market-Demand

Get more information on this report: Request Sample PDF

The rise in rural electricity supply initiatives and an increase in long-distance transmission of high voltage power cables is estimated to boost the global shunt capacitor market growth. Increased power generation plants and transmission lines have impacted the sales of global shunt capacitor market trends across the globe. Worldwide data transmission networks consumed about 260-340TWh or 1.1-1.4% of global electricity consumption in 2020. The global energy consumption by data centers in 2020 was 200-250 TWh which is around 1% of final electricity demand, excluding the cryptocurrency mining consumption of ~100 TWh in 2020.

Global Shunt Capacitor Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Need for Distribution Energy In 2021, the U.S. primary energy consumption by energy sources used 36% petroleum, 8% nuclear electric power, 11% coal, 12% renewable energy, and 325 natural gas which adds to a total of 97.33 quadrillion Btu (British Thermal Units).

Shunt-Capacitor-Market-Growth

  • Rapid Adoption of Electricity in Rural Areas– The worldwide percentage of the population with access to electricity increased from 87.7% in 2016 to 90.5 % in 2020.

Shunt-Capacitor-Market

  • Increasing Demand for Telecommunication – The Federal Communications Commission and Department of Education working together to promote remote learning with the use of USD 16 billion funds from the CARES Act’s Education Stabilization Fund.
  • Rise of Industries and Manufacturing Units – U.S Manufacturing contributed USD 2269.2 to U.S GDP in 2020 which is 10.8% of total GDP. Also in 2019, the U.S. manufacturing imported value of intermediate goods and services is 14.7% leading to 10.7% output from foreign origin.
  • Increase in Power Generation and Supply As per Electricity Market Report, coal-fired electricity generation is targeted to increase by 5% in 2021 and 3% in 2022 to reach a new high record. With current policy settings and economic trends, the world electricity generation is set to track 8% electricity demand in 2021 and higher than 6% in 2022.

Challenges

  • More Product Alternatives
  • Unfavorable Production During Pandemic – As per the Economic Commission for Latin America and the Caribbean more than 2.7 million companies are about to close of which 2.6 million microenterprises and 8.5 million jobs are at stake during the pandemic in 2020.
  • High-Cost Investment

The global shunt capacitor market is segmented and analyzed for demand and supply by application into utilities, industries, and others. Out of which, industries are anticipated to hold the largest market size by the end of 2031 in the global shunt capacitor market. The growth of the market segment is on account of rapid growth in the economy and population that led to increasing telecommunication such as fiber net and broadband. As per the Organization for Economic Co-operation and Development, in 2021 the number of fixed subscriptions raised by 18.6%, and fixed broadband subscriptions increased by 32.4% in 2022.

Global Shunt Capacitor Market Regional Synopsis

Regionally, the global shunt capacitor market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2031 on the back of rapid urbanization, an increase in industrial and manufacturing units backed by increased railways, metros, high-speed trains, IT hubs, and commercial centers in developing countries. The Federal Railroad Administration in June 2022 released a budget of USD 368 million for 46 projects in 32 states of Columbia district in Consolidated Rail Infrastructure and Safety Improvements grant program funds. About 46.3% i.e.,3.6 million people reported using a bus, 37.7% used subway or elevated rail, 11.8% used commuter rail or long-distance train, 3.1% take street cars or trolleys, and 1% used ferryboat as primary commuting mode in 2021.

Shunt-Capacitor-Market-Analysis

The global shunt capacitor market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global shunt capacitor market includes the following segments:

By Voltage Type

  • Low voltage
  • Medium voltage
  • High voltage

By Application

  • Utility
  • Industries
  • Others

By System

  • Floor-mounted
  • Pole-mounted
  • Wall-mounted
  • Others

 

Top Featured Companies Dominating the Global Shunt Capacitor Market

  • ABB Group
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Siemens Aktiengesellschaft
  • General Electric Company
  • Schneider Electric SE
  • Larsen & Toubro Limited
  • Eaton
  • Aerovox Business Management
  • Magnewin Energy Private Limited
  • CIRCUTOR, SAU
  • Energe Capacitors Pvt Ltd

 

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions | LOB

Copyright © 2022 Research Nester. All Rights Reserved