Shunt Capacitor Market Analysis

Application (Utilities, Industries)

The global shunt capacitor market is segmented and analyzed for demand and supply by application into utilities, industries, and others. Out of these, the industries segment is anticipated to hold the largest market size by the end of 2037 in the global shunt capacitor market. The growth of the market segment is on account of rapid growth in the economy and population that led to increasing telecommunication such as fiber net and broadband. As per the Organization for Economic Co-operation and Development, in 2021 the number of fixed subscriptions raised by 18.6%, and fixed broadband subscriptions increased by 32.4% in 2022. Additionally, there has been exponential growth in residential and commercial construction sector. Owing to the growing population and rise in shift of people from rural to urban region the demand for construction activities is growing which is further boosting the growth of the construction sector.

Type (Low, Medium, High Voltage)

The global shunt capacitor market is also segmented and analyzed for demand and supply by voltage type into low, medium, and high. Amongst which, the high segment is anticipated to garner the largest revenue by the end of 2037. The growth of the segment can be attributed to growing launch of satellites which requires coil guns. A multi-stage coil with a coil arrangement acting as a launcher is charged by a high voltage capacitor system that is energy intensive to operate. Unfortunately, big currents and the high voltage necessary are extremely limited. Hence, other methods of energy storage include high voltage capacitor banks is used. Additionally, the growing demand for grid infrastructure in order to stratify the need for increasing electricity accessibility is also estimated to boost the segment growth.

Our in-depth analysis of the global market includes the following segments: