Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2024
Companies covered: 15
Tables & Figures: 40
Countries covered: 27
Pages: 110
Download Free PDF

Low Voltage Capacitor Bank Market
Get a free sample of this reportGet a free sample of this report Low Voltage Capacitor Bank Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Low Voltage Capacitor Bank Market Size
The global low voltage capacitor bank market was valued at USD 534.6 million in 2024 and is expected to reach USD 741.3 million by 2034, growing at a CAGR of 3.3% from 2025 to 2034. The optimization strategies concerning increased power factor penalties and electricity costs have led to the adoption of these systems in commercial and industrial settings.
There is increasing deployment of capacitor banks with intelligent power distribution systems for their real time reactive power control along with automated voltage regulation via communication with SCADA and energy management systems will augment the business expansion. These systems can effectively mitigate the increasing reactive power demand along with the electrification of heating and cooling in commercial and residential buildings.
For reference, in July 2023, the U. S. Department of Energy allocated USD 23.4 million across 14 states on 16 projects aimed at improving carbon mitigation techniques. Grants from the department will aid community participants in creating innovations in the capture, transport, and storage of carbon technologies.
The expansion of automated manufacturing and processing facilities in line with increasing the requirement for capacitor banks as power factor correction, which mitigates load imbalance, voltage drops, and reactive power consumption will fuel the industry prospects. In addition, decentralized energy systems that include rooftop solar, battery storage, and micro-wind that require these units for voltage stabilization and reactive load management in low voltage DER grids will proliferate the business landscape.
The modernization of municipal services including public transport, street lighting, and pumping stations have increased the extension of reactive power correction at low voltage will positively sway the industry growth. These systems are being integrated into EV charging networks to improve stability and reduce the impact of reactive loads, which in turn will bolster the product adoption.
To illustrate, the Industrial Corridors project was launched in December 2022 by the central and state governments of India. These corridors are anticipated to have Greenfield Industrial Centers featuring self-sufficient infrastructure as well as 'Plug and Play' facilities at the parcel level.
Low Voltage Capacitor Bank Market Trends
The industry is seeing rapid growth owing to escalating demand across power intensive IT infrastructure which requires constant power quality and voltage. These units assist in the mitigation of the high reactive power consumed by the servers, UPS, and HVAC units in data centers, thereby fostering business scenario.
Over the past few years there has been a trend toward retrofitting older electrical installations with capacitor banks so that they may comply with newer energy codes and avoid transformer overloading or efficiency loss, which will boost industry penetration. In addition, the rapid adoption of these units for load profile optimization and peak demand reduction which is being promoted by energy efficiency mandates and electricity prices, particularly in Europe and North America will drive the business outlook.
For reference, in September 2024, the Secretary Vilsack from the USDA, President Biden introduced the Empowering Rural America program aimed at bolstering clean energy adoption in rural America through USD 7.3 billion funding toward electric cooperatives in rural America.
Continuous innovation with modular design which can be configured to specific applications including cement plants, textile industries, and other commercial complexes will create favorable industry scenario. Ongoing integration of digital controllers, IoT-based sensors, and communication interfaces offer real-time monitoring of system parameters comprising of current, voltage, harmonics, and temperature, thereby propelling business trajectory.
Nowadays, these systems can be associated with modular electrical rooms and containerized power systems with standard features for automatic reactive power compensation on plug-and-play systems. Increasing expansion of commercial infrastructure and grid extensions across emerging economies in association with growing demand for these low voltages units in underserved locations will fortify business dynamics.
For instance, in January 2025, the Federal Highway Administration of the US Department of Transportation funded USD 635 million for zero-emission refueling programs and intended to broaden infrastructure for charging electric vehicles and other alternative fuels.
Low Voltage Capacitor Bank Market Analysis
Low Voltage Capacitor Bank Market Share
Low Voltage Capacitor Bank Market Companies
Major players operating in the low voltage capacitor bank industry are:
Low Voltage Capacitor Bank Industry News
The low voltage capacitor bank market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (‘000 Units) from 2021 to 2034, for the following segments:
Market, By Type
Market, By Application
The above information has been provided for the following regions and countries: