The global Shunt Capacitor market was valued at 685.79 Million USD in 2021 and will grow with a CAGR of 3.89% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Shunt capacitor are primarily used to improve the power factor in the network. They also improve the voltage stability and reduce network losses. Improving the power factor also means a higher power transmission capability and increased control of the power flow.Asia-Pacific region accounted for the largest market share of 40% in 2017 and is projected to grow at the highest CAGR of 7.04% during the forecast period. There is an increasing demand for energy because of the growing population and improvement in the lifestyle in the region. China is the world`s largest market for the power transmission & distribution.

By Market Verdors:

ABB Ltd. (US)

Schneider Electric (France)

General Electric Company (US)

Siemens AG (Germany)

Larsen & Toubro Ltd (India)

Eaton Corporation Plc (Ireland)

Aerovox Corp. (US)

Magnewin Energy Private Limited (India)

CIRCUTOR, SA (Spain)

Energe Capacitors Pvt Ltd (India)

By Types:

Low Voltage

Medium Voltage

High Voltage

By Applications:

Utilities

Industries

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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