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Capacitor Bank Market Share
- Report ID: GMI3767
- Published Date: Apr 2023
- Report Format: PDF
Capacitor Bank Market Share
Notable players operating in the capacitor bank sector include:
- Larsen & Toubro
- ABB
- Siemens
- General Electric
- ARTECHE
- Alpes Technologies
- Eaton
- Schneider Electric
- CIRCUTOR
- The Legrand Group
- Powerslide
- Aener Energía
- Enerlux Power
- ZEZ SILKO
- Bharat Heavy Electricals Limited
- Hitachi Energy.
These companies are investing in research & development (R&D), focusing on strengthening their strategic associations and enhancing their production capabilities to meet the competition prevailing in the industry.
Frequently Asked Questions (FAQ) :
The market size of capacitor bank surpassed USD 3 billion in 2023 and is anticipated to witness 4% CAGR from 2024 to 2032, attributed to the increasing government focus on modernizing the existing electric infrastructure.
The low [<10 kV] capacitor bank industry is forecasted to attain 3% gains during 2023-2032, owing to the mounting electricity demand and shifting government inclination toward reducing line losses.
The industry size from the open air substation segment is estimated to amass USD 2.2 billion by 2032, due to the flourishing smart energy infrastructure and increasing product deployment across the renewable sector.
Major companies in the capacitor bank business scenario include Larsen & Toubro, ABB, Siemens, General Electric, ARTECHE, Alpes Technologies, Eaton, Schneider Electric, CIRCUTOR, The Legrand Group, Powerslide, Aener Energía, Enerlux Power, ZEZ SILKO, Bharat Heavy Electricals Limited, and Hitachi Energy.
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