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Transmission & Distribution Electric Capacitor Market Size
- Report ID: GMI10489
- Published Date: Jul 2024
- Report Format: PDF
Transmission & Distribution Electric Capacitor Market Size
Transmission & Distribution Electric Capacitor Market size was valued at USD 11.4 billion in 2023 and is projected to grow at a rate of 6.3% between 2024 and 2032. Rising energy demand & grid expansion along with increasing concern towards modernization of aging electrical infrastructure will increase the deployment of market growth. The global demand for electricity continues to rise due to population growth, industrialization, and the proliferation of electronic devices. As a result, there is a continuous need to expand and upgrade T&D networks to ensure reliable and efficient delivery of power.
The expansion of the grid necessitates the integration of advanced capacitor technologies to enhance voltage regulation, power factor correction, and reactive power management. Capacitors play a crucial role in maintaining the stability and efficiency of the grid, making them indispensable in meeting the growing energy demands. As countries invest in expanding their T&D infrastructure to cater to both urban and rural areas, the demand for electric capacitors is expected to grow significantly.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Transmission & Distribution Electric Capacitor Market Size in 2023: | USD 11.4 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 6.3% |
| 2032 Value Projection: | USD 19.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Material, Polarization, Voltage, & Region |
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Frequently Asked Questions (FAQ) :
Transmission & Distribution Electric Capacitor Market Scope
