Global Capacitor Banks Market Research Report - Forecast to 2027

Capacitor Banks Market Information Report by Technology (LCC and VSC), by Application (Commercial, Residential and Industrial) and by Region - Forecast to 2027

ID: MRFR/E&P/0755-HCR | February 2021 | Region: Global | 120 pages

Capacitor Banks Market Overview


Capacitor Banks Market is projected to grow at a CAGR of XX% during the forecast period.


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 bank 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 bank 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 bank 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 for the capacitor bank market. Moreover, the increasing policies and initiatives related to interconnected power grids provide growth opportunities to the capacitor banks market during the estimated period.



  • Restraints


The demand for capacitor bank 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 capacitor bank market.



  • Value Chain Analysis


The demand for the capacitor bank 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 bank 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 bank 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 bank 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 bank 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 bank 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.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2027: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology , Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Alstom SA (France), BB Ltd. (Switzerland), Siemens Energy (Germany),Toshiba (Japan), Epcos AG (Germany)
  Key Market Opportunities   Favorable government policies and initiatives to interconnect power grids
  Key Market Drivers   Increased usage of capacitors in the transmission industry


Frequently Asked Questions (FAQ) :


The primary applications of capacitor banks include residential, industrial and commercial.

Considerable development of the latest technology as well as product innovation ensure market growth in North America.

The market can grow at a high rate during the review period.

The market size by the end of forecast period is expected to increase tremendously, owing to a number of positive factors.

The notable companies listed in the report are Siemens Energy (Germany), BB Ltd. (Switzerland), Epcos AG (Germany), Alstom SA (France), Toshiba (Japan), and others.