Capacitor Banks Market trends research and projections for 2019 – 2025

1. Capacitor Banks Market trends research and projections for 2019 – 2025

2. Capacitor Banks Market • 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. Expansion of smart grids along with the evolution of power networks coupled with the propensity of these systems to maintain grid control will foster the product penetration. • 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.

3. Continue..... • Capacitor Bank market report is an all-inclusive document, compiled and designed to provide best-in-class research, insightful analysis and accurate quantitative data. The coverage of this research is the most extensive when compared to other similar studies available on Capacitor Bank market. The industry ecosystem information presented in this report is next-to-none and aims to address all stakeholders of the industry, irrespective of their size and business function. Details of segmentation and cross reporting structure, wherever feasible, makes this Capacitor Bank market research one of its kind to offer the most in-depth, readily available data. • Rising concerns to reduce power system losses coupled with hefty investments by regulatory authorities for the expansion of grid networks will boost the capacitor bank market. Refurbishment of the ageing electrical infrastructure to improve the quality of power supply and to carry out efficient operation across the transmission and distribution networks will instigate a favorable business scenario. For instance, in 2019, a power grid operator in Romania announced its plans to invest around USD 976 million to modernize grid, increase productivity & power capacity in the areas facing electricity consumption shortages.

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