Shunt Power Capacitors Market Forecast 2025–2031: Growth Analysis, Industry Trends, Key Innovations, Leading Players, and Market Outlook
The Shunt Power Capacitors Market was valued at USD 6.56 billion in 2024 and is projected to reach USD 9.22 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period (2025-2032).
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Market Segmentation (by Application)
• Industrial Construction – Power factor correction in manufacturing units and industrial plants.
• Rail and Traffic – Used in railway networks to ensure a stable power supply.
• Electrical Systems – Essential in power grids and substations.
• Others – Includes commercial buildings, data centers, and renewable energy setups.
Market Segmentation (by Type)
• Cylindrical – Expected to witness significant growth due to their compact design and improved efficiency.
• Square – Preferred for applications requiring high voltage handling capacity.
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