Market Overview:
The global high voltage shunt capacitor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy and rising investments in renewable energy sources. In addition, the growing demand for electric vehicles is also contributing to the growth of this market. The global high voltage shunt capacitor market by type is segmented into 30-40kV, 40-50kV, and above 50kV segments. The 30-40kV segment is expected to account for the largest share of the global high voltage shunt capacitor market by type in 2018. This segment is projected to grow at a CAGR of 5% from 2018 to 2030 due to its low cost and easy installation process.
Product Definition:
A high voltage shunt capacitor is a device used to store electrical energy. It is important for regulating power flow and protecting equipment from surges in voltage.
30-40kV:
30-40kV is a high voltage range that is used in the HVAC industry. It’s major applications are transformers, switchgears, and other electrical equipment. The transformer segment holds maximum share in this market owing to its usage as primary or secondary for the distribution of power from a main circuit breaker panel to various sub-panel circuits.
40-50kV:
40-50kV is a high voltage range that is used in the HV (High Voltage) Shunt Capacitor. A shunt capacitor consists of two conductors separated by an insulator, one of the conductor is connected to the source of electric current and other end to a load. The working principle remains same as that of original series capacitor but in case of short circuit; there’s no risk for explosion like in case of series capacitors.
Application Insights:
The utilities segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. This can be attributed to growing demand for HVAC from various utility applications, such as transmission & distribution lines, sub-stations, and renewable energy facilities. The industrial segment is also expected to grow significantly over the next eight years owing to increasing demand from manufacturing sectors across developing countries.
High voltage shunts are used in power generation plants that have high voltages above 50kV; these devices help prevent electrical leakage and provide reliable protection against shorts across multiplexed conductors of high voltage without affecting equipment operation time or reliability. Increasing number of power generation projects across emerging nations is expected drive industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electric power in emerging economies, such as China and India. The high growth rate in Asia Pacific can be attributed to rising investments in transmission & distribution infrastructure development along with growing industrialization and consumer electronics production.
The North American market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period on account of increasing penetration of shunt capacitors used across major utility companies for maintaining grid stability during peak load conditions. In addition, rising concerns regarding carbon footprints associated with conventional energy sources are anticipated favorably impact product demand across this region.
Europe accounted for more than 25% share of global revenue in 2017 due its large base of nuclear power plants that require high voltage conductors coupled with extensive wind farms installation across countries including Germany, Spain, Netherlands, Belgium etc.
Growth Factors:
- Increasing demand for energy storage systems in the grid and renewable energy integration
- Growing investments in smart grids and microgrids
- Proliferation of electric vehicles and hybrid electric vehicles
- Rising concerns over climate change and air pollution
- Development of next-generation capacitors with higher energy density
Scope Of The Report
Report Attributes
Report Details
Report Title
High Voltage Shunt Capacitor Market Research Report
By Type
30-40kV, 40-50kV, Above 50kV
By Application
Utilities, Industrial, Others
By Companies
ABB, Schneider Electric, General Electric Company, Siemens AG, Larsen & Toubro Ltd, Eaton Corporation Plc, Aerovox Corp., Magnewin Energy Private Limited, CIRCUTOR, SA, Energe Capacitors Pvt Ltd, CHINT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global High Voltage Shunt Capacitor Market Report Segments:
The global High Voltage Shunt Capacitor market is segmented on the basis of:
Types
30-40kV, 40-50kV, Above 50kV
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Utilities, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Schneider Electric
- General Electric Company
- Siemens AG
- Larsen & Toubro Ltd
- Eaton Corporation Plc
- Aerovox Corp.
- Magnewin Energy Private Limited
- CIRCUTOR, SA
- Energe Capacitors Pvt Ltd
- CHINT
Highlights of The High Voltage Shunt Capacitor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 30-40kV
- 40-50kV
- Above 50kV
- By Application:
- Utilities
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Voltage Shunt Capacitor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high voltage shunt capacitor is a type of capacitor used to store electric energy. It is made up of two metal plates that are separated by an insulating material. When electric current flows through the capacitor, it creates a potential difference between the two metal plates. This potential difference can be used to store energy for later use
Some of the major companies in the high voltage shunt capacitor market are ABB, Schneider Electric, General Electric Company, Siemens AG, Larsen & Toubro Ltd, Eaton Corporation Plc, Aerovox Corp., Magnewin Energy Private Limited, CIRCUTOR, SA, Energe Capacitors Pvt Ltd, CHINT.
The high voltage shunt capacitor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Voltage Shunt Capacitor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Voltage Shunt Capacitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Voltage Shunt Capacitor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Voltage Shunt Capacitor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Voltage Shunt Capacitor Market Size & Forecast, 2020-2028
4.5.1 High Voltage Shunt Capacitor Market Size and Y-o-Y Growth
4.5.2 High Voltage Shunt Capacitor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 30-40kV
5.2.2 40-50kV
5.2.3 Above 50kV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Utilities
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Voltage Shunt Capacitor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Voltage Shunt Capacitor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 30-40kV
9.6.2 40-50kV
9.6.3 Above 50kV
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Utilities
9.10.2 Industrial
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 30-40kV
10.6.2 40-50kV
10.6.3 Above 50kV
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Utilities
10.10.2 Industrial
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 30-40kV
11.6.2 40-50kV
11.6.3 Above 50kV
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Utilities
11.10.2 Industrial
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 30-40kV
12.6.2 40-50kV
12.6.3 Above 50kV
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Utilities
12.10.2 Industrial
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 30-40kV
13.6.2 40-50kV
13.6.3 Above 50kV
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Utilities
13.10.2 Industrial
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Voltage Shunt Capacitor Market: Competitive Dashboard
14.2 Global High Voltage Shunt Capacitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 General Electric Company
14.3.4 Siemens AG
14.3.5 Larsen & Toubro Ltd
14.3.6 Eaton Corporation Plc
14.3.7 Aerovox Corp.
14.3.8 Magnewin Energy Private Limited
14.3.9 CIRCUTOR, SA
14.3.10 Energe Capacitors Pvt Ltd
14.3.11 CHINT
