Shunt Capacitor Market Share

  • Report ID: 4277
  • Published Date: Mar 03, 2023
  • Report Format: PDF, PPT

Shunt Capacitor Market Share

North American Market Forecast   

The North America shunt capacitor market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035, 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.

APAC Market Statistics

Further, the market in the Asia Pacific region is estimated to grow owing to the factors such as growing urbanization which is further boosting the development of infrastructure. Additionally, the demand for renewable and sustainable energy is increasing which is also estimated to boost the market growing in this region. Moreover, the focus of government on rural electrification is growing in this region which is estimated to have positive impact on the demand for shunt capacitor. Also, the shunt capacitor is necessary for an effective, dependable, and steady energy supply in the growing number of metros, railroads, business centers, IT hubs, and high-speed trains. Therefore, the development of these applications in this region the market is expected to grow.

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Author Credits:  Abhishek Verma

  • Report ID: 4277
  • Published Date: Mar 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing need for distribution of energy, rapid urbanization, and increased demand for telecommunication are the major factors driving the growth of the shunt capacitor market.

The market is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2035.

More alternatives, unfavorable production during pandemic, and high-cost investments are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are ABB Group, 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.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by voltage type, application, system and by region.

The industries segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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