Capacitor Banks Market Statistics and Research Analysis Released in Latest Report

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Capacitor Bank Market outlook with industry
review and Forecasts
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Global Market Scenario of Capacitor Banks Industry

• Capacitor Banks Market size is driven by
  accelerating investments toward the modernization
  of electrical infrastructure coupled with growing
  electricity consumption across emerging
  economies. As per the Global Energy Statistical
  Yearbook 2018, electricity domestic consumption
  in china rose from 5,367 TWh in 2016 to 5,683 TWh
  in 2017. In addition, ability to improve the
  power transmission capability and increased
  control of the power flow will stimulate the
  product adoption.
• Favorable regulatory initiatives and policies to
  interconnect power grids favored by considerable
  investments toward the renewable energy systems
  will boost the capacitor bank market size.
  Increasing applicability of these systems to be
  deployed as standalone field services or as
  integration part of an entire automation solution
  to enhance power quality and grid efficiency will
  complement the industry outlook.

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• Ongoing development of High Voltage Direct
  Current (HVDC) networks to fulfil the
  continuously burgeoning power demand will augment
  the capacitor banks market size. Growing need for
  efficient power transmission systems to ensure
  the reliable power distribution will facilitate
  the industry growth. Ability to enhance power
  quality, increase voltage stability, limit
  charges for excessive reactive power consumption
  are some of the prominent parameters that will
  fuel the product demand.
• Eminent players catering to the capacitor bank
  market share comprise of ABB, CIRCUTOR, Siemens,
  Eaton, Schneider Electric, Toshiba, Powercap
  capacitors, Alstom SA, and Epcos AG amongst
  others.

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Market research reports Key analytical
components
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Regional Insights

• Capacitor bank market across Asia Pacific will
  witness a substantial growth on account of rising
  focus toward energy efficiency in alignment with
  growing integration of renewable energy sources
  to the power networks. Mounting regulatory
  emphasis toward increasing the electricity
  accessibility across the emerging economies
  driven by significant improvement in the economic
  conditions will foster the industry growth.
• For instance, power grid corporation of India in
  2017, announced plans to allocate about USD 13
  billion in various projects pertaining green
  corridors, alternate transmission network for
  renewable energy, etc.

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