Capacitor Banks Market Information Report by Technology (LCC and VSC), by Application (Commercial, Residential and Industrial) and by Region - Forecast to 2030

Capacitor Banks Market Overview

Capacitor Banks Market is projected to grow at a CAGR of 5.60% to reach the 3,927 Million USD during the forecast period (2022-2030).

For rating the group of various capacitors bank that is connected in parallel series that will help on storing electrical energy. This allows the phase or factor lag in shifting towards alternating current (AC) by the resulting bank for efficient power supply. For increasing the current capacity, Direct Current (DC) can also increase for providing adequate power supply. Moreover, owing to infrastructural growth in various emerging countries the capacitor banks market is increasing at a high pace in the global market.

However, the global market is expected to grow at a higher CAGR to account for a higher market value in the capacitor banks market in global market during the forecasted period.

Competitive Landscape

The most prominent major key players in the capacitor banks market in the global market are mentioned below:

• Aener Energa S.L.U.


• Alpes Technologies


• Arteche


• Alstom SA


• BB Ltd.


• CIRCUTOR, SA


• Eaton Corporation


• Enerlux Power S.R.L.


• Epcos AG


• General Electric Company


• Hitachi ABB Power Grids


• Schneider Electric


• Siemens Energy


• Toshiba


• ZEZ SILKO, Ltd.

These major key players use various strategies to sustain their market position in the global market by collaborating, by going for mergers, and acquisitions, setting up a new joint venture, establishing a partnership, developing a new production process, innovation in the existing product, developing a new product line, and many others to expand their customer base in the untapped market of the capacitor bank all across the globe.

COVID 19 Analysis

With the growing outbreak of the global pandemic of COVID 19 businesses have suffered huge losses which have pushed the economies towards forced recession. The growing wave of the global pandemic has suffocated the individual to fight between the financial crises along with health concerns. The situation of lockdown has resulted in the shut down of various electronic projects which leads to a steep downfall in the sales revenue of the market all across the globe especially in Brazil and India. The supply chain networks have also been disrupted which results in reduced profit margin coupled with product deployment.

However, it is expected that the capacitor banks market will recover from this global pandemic of COVID 19 by strategizing properly to meet the requirements of their customers. Also, it is expected to recover at the end of the second quarter in the coming year.

Market Dynamics

• Drivers

The rising demand for capacitor banks market in the global market. Owing to increasing development in the transmission industry, huge demand for electric supply is needed which accelerated the growth of the global market. Also, the increasing investment in renewable power generation boosts the growth of global market. Investment in infrastructure development by various emerging countries is another contributing factor that drives the growth of the market.

• Opportunities

The demand for the capacitor banks market is increasing rapidly in the global market. The favorable government policies for the development of the market in emerging countries provide various growth opportunities in the global market. Moreover, the increasing policies and initiatives related to interconnected power grids provide growth opportunities to the market during the estimated period.

• Restraints

The demand for capacitor banks market is increasing constantly in the global market but some factors restrict the growth of the market. The high initial capital requirement acts as a barrier to the growth of the market. Also, the fluctuations in the price of raw material is another factor that hinders the growth of market.

• Value Chain Analysis

The demand for the capacitor banks market is increasing tremendously as it allows various benefits. The increasing infrastructure development is a major factor for the growth of the market. Moreover, the global market allows an adequate and interruption-free supply of electricity.

Market Segmentation

Global market has been divided based on technology, voltage, type, application, and region.

Based on Technology

Global market has been divided based on the technology into Voltage Source Converter (VSC) and Line Commutated Converter (LCC).

Based on the Voltage

Global market has been divided based on the voltage into low voltage, medium voltage, and high voltage.

Based on the Type

Global market has been divided based on the type into pole-mounted type, metal-enclosed substation, open-air substation, and many others.

Based on the Application

Global market has been divided based on the application into data centers application, industrial application, renewable integration application, harmonic filter, power factor correction application, and many others.

Based on the Region

The global market has been divided based on the region into North American region, Latin American region, Asia-Pacific region, European region, the Middle East and African region, and the rest of the world.

Regional Analysis

The global market has been divided based on the region into North American region, Latin American region, Asia-Pacific region, European region, the Middle East and African region, and the rest of the world. The largest market share in the global market is held by the Asia-Pacific region and hence it dominates in the global market. The changing lifestyle and increasing population in the Asia-Pacific region especially in countries like China and India drive the demand for capacitor banks market in the Asia-Pacific region. High investment in distribution channels along with transmission are other contributing factors.

The second-largest market share in the global market is held by the European region owing to increasing cross-border interconnections between Sweden, France, Poland, Germany, and the UK coupled with increasing distribution market and transmission market in the European region accelerate the demand for capacitor banks market.

The third-largest market share in the global market is held by the North American region. Owing to increasing advancement in the technology coupled with product innovation boost the growth of the market in the North American region. The increasing disposable income during the estimated period is another contributing factor.

The Latin American region and the Middle East and African region show a significant growth rate in the capacitor banks market owing to low investment in infrastructure in these regions along with less personal disposable income. The low level of electricity demand is another factor that limits the growth of the market in the Latin American region.

Recent Developments

• A new range of static capacitor banks namely OPTIM FRE, EMK, EMS-C has been launched by CIRCUTOR that will have a new compensation system especially for the service sector and the industrial sector for thyristor for maintaining quick load for output rate and input rate.


• A new generation of APCQ capacitor bank has been launched by a leading power and automation technology group namely, ABB that will increase the power availability that will improve the overall business performance for efficient use of energy.


• The largest market share in the global market has been the Asia-Pacific region owing to the presence of China in this region. A huge amount of USD 83 billion has been invested by China for transmission and distribution networks.


• Siemens Energy is investing a huge amount in research and development in the capacitor banks market for getting a competitive advantage in the global market. This will help to earn more during the forecasted period.

Report Overview

This global capacitor banks market research report consist of the following elements mentioned below:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Value Chain Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

This global capacitor banks market research report contains factors that drive the growth of the global market along with the factors that restrict the growth of the global market. The opportunities available for the growth of the market during the forecasted period are mentioned. The impact of COVID 19 on the sales revenue of the market all across the globe is mentioned. The future growth rate of the market during the forecasted period is estimated and mentioned.