The Capacitor Banks Market is Predict to reach USD 6.43 Billion by 2032, at a CAGR of 4.5%

Capacitor Banks Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Capacitor Banks Market size is expected to reach $6.43 billion by 2032, rising at a market growth of 4.5% CAGR during the forecast period.

As electrical networks have become more complicated, the worldwide capacitor banks industry has grown. Capacitor banks have gone from being static installations for continuous power-factor adjustment to dynamic components that are an important part of attempts to make the grid more stable and integrate renewable energy sources. The U.S. Federal Energy Regulatory Commission (FERC) interconnection standards (e.g., Order 827) say that new renewable generators must provide reactive power within ±0.95 power factor at the grid tie-in point. This change makes it necessary to use dynamic compensation systems instead of old fixed banks.

The Medium [10 kV - 69 kV] segment led the maximum revenue in the Global Capacitor Banks Market by Voltage in 2024, thereby, achieving a market value of $2.9 billion by 2032. This component is especially important in utility-scale applications and big industrial operations where a reliable and efficient power supply is very important. In electrical distribution networks, medium voltage capacitor banks are often used to fix power factor, control voltage, and make up for reactive power.

The Power Factor Correction segment is growing at a CAGR of 3.6 % during the forecast period. In this instance, capacitor banks are employed to make electrical systems' power factor better by making up for reactive power. This makes electrical equipment work better, saves money on power, and makes energy use more efficient. Power factor correction is still a basic and extensively used application since businesses and utilities want to use energy more efficiently and follow the rules.

Full Report: https://www.kbvresearch.com/capacitor-banks-market/

The North America region dominated the Global Capacitor Banks Market by Region in 2024, thereby, achieving a market value of $2. billion by 2032. The Asia Pacific region is anticipated to grow at a CAGR of 5.1% during (2025 - 2032). Additionally, The Europe region would witness a CAGR of 4.1% during (2025 - 2032).

List of Key Companies Profiled

• Eaton Corporation plc
• ABB Ltd.
• Siemens AG
• Schneider Electric SE
• General Electric Company
• Hitachi Energy Ltd. (Hitachi, Ltd.)
• Bharat Heavy Electricals Ltd.
• Mitsubishi Electric Corporation
• Powerside
• Larsen & Toubro Limited

Capacitor Banks Market Report Segmentation

By Voltage

• Medium [10 kV - 69 kV]
• High [>69 kV]
• Low [<10 kV]

By Application

• Power Factor Correction
• Harmonic Filter
• Voltage Regulation
• Renewable Integration
• Industrial Application
• Data Centers
• Other Application

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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