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Capacitor Bank Market

These capacitor banks have proved to be very useful in industrial sectors, which, in turn,<br>gives traction to the capacitor bank market growth globally. There are two major<br>advantages associated with capacitor banks, including improved quality of the electrical<br>supply and increased effectiveness of power systems. Hence, to improve global sales,<br>manufacturers of capacitor banks are expanding their distribution channels by growing<br>strategic partnerships, investment, and other activities.

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Capacitor Bank Market

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  1. Opportunity Analysis and Industry Forecast, 2016-20231 Capacitor Bank Market by Voltage, Type, Installation, Connection Type, Application, And Region: Global Opportunity Analysis and Industry Forecast, 2022-2031 • Pages: 324 Tables: 177 Charts: 79

  2. Global Capacitor Bank Market Outlook (2022 – 2031) • Top Impacting Factors: • The global capacitor bank market was valued at $3.9 billion in 2021, and is projected to reach $6.0 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. • These capacitor banks have proved to be very useful in industrial sectors, which, in turn ,gives traction to the capacitor bank market growth globally. • There are two major advantages associated with capacitor banks, including improved quality of the electrical supply and increased effectiveness of power systems. • The Rise in demand for capacitor banks for power factor correction, rapid growth of industrialization, and rise in investment by major key players are the key factors that significantly contribute toward the growth of the global capacitor bank market. • Pages: 324 Tables: 177 Charts: 79

  3. Global Capacitor Bank Market Outlook (2022 – 2031) • The industries use capacitor banks to reduce cost of electricity bills and improve the efficiency of electric energy. • On the basis of application, the power factor correction segment holds the largest share in terms of revenue and is expected to expand at a CAGR of 4.6%. • On the basis of region, the market is analysed across four major regions, namely North America, Europe, Asia-Pacific, and LAMEA. • Pages: 324 Tables: 177 Charts: 79

  4. Global Capacitor Bank Market Outlook (2022 – 2031) • Key Findings of The Capacitor Bank Market : • In 2021, the medium voltage segment accounted for about 47% of the share in the global capacitor bank market, and is expected to maintain its dominance till the end of the forecast period. • In 2021, the industrial segment accounted for 26.9% of the capacitor bank market share in the year 2021, and is anticipated to grow at a rate of 4.9% in terms of revenue, increasing its share in the global capacitor bank market. • Industrial sector is also the fastest-growing application segment in the global capacitor bank market, expected to grow at a CAGR of 4.9% during 2022–2031. • North America is expected to grow at the fastest rate, registering a CAGR of 4.7%, throughout the forecast period. • In 2021, Asia-Pacific dominated the global capacitor bank market, with more than 31.0% of the share in terms of revenue. • Pages: 324 Tables: 177 Charts: 79

  5. The key players profiled in the report include: • Eaton • Comar Condensatori S.p.A • ABB Ltd. • Enerlux Power s.r.l. • Hitachi Ltd. (Hitachi) • Circutor • Siemens • Toshiba Corporation (Toshiba) • Vishay Intertechnology Inc. • EPCOS Global Capacitor Bank Market Outlook (2022– 2031) • Pages: 324 Tables: 177 Charts: 79

  6. Global Capacitor Bank Market Outlook (2022 – 2031) Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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