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Asia Pacific Capacitor Bank Market Share

Report ID: GMI6973
Published Date: Oct 2023
Report Format: PDF

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Asia Pacific Capacitor Bank Market Share

Major players in the capacitor bank market employ a range of strategies to both retain and extend their market share. These strategies are typically influenced by factors such as competitive dynamics, technological progress, shifts in regulations, and evolving customer needs. The participants operating across the market include:

ABB
Schneider Electric
Eaton
Siemens
Hitachi
Legrand
Arteche
Unistar
Lifasa
Genteq
Circutor
Vishay
RTR Energia
YUHCHANG ELECTRIC CO. LTD.
Samwha
DUCATI Energia Spa

Hitachi provide products and solutions for power factor correction, voltage support, and electrical network stability. These capacitor banks are used in various applications, such as industrial facilities, utility substations, and renewable energy installations, to improve the overall efficiency and power quality of electrical systems.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market valuation of APAC capacitor bank size in 2022 was wroth USD 1.5 billion in 2022 and is estimated to surpass USD 2.1 billion by 2032, owing to the increasing population along with rapid industrialization that has boosted the electricity consumption pattern.

The harmonic filter application is set to surpass USD 400 million by 2032 as applicability of capacitor units can enhance the voltage stability, provide higher power factor, and reduce the network losses at a substation.

China capacitor bank was valued at over USD 445.1 million in 2022 and is set to grow on account of increasing investments for development of industrial establishments and shifting government focus toward the implementation of electrification programs.

ABB, Schneider Electric, Eaton, Siemens, Hitachi, Legrand, Arteche, Unistar, Lifasa, Genteq, and others.