Global Capacitor Banks Market Size & Outlook, 2023-2030
The capacitor banks industry worldwide is expected to reach a projected revenue of US$ 6,434.4 million by 2030. A compound annual growth rate of 4.9% is expected of the worldwide capacitor banks industry from 2024 to 2030.
Revenue, 2023 (US$M)
$4,614.1
Forecast, 2030 (US$M)
$6,434.4
CAGR, 2024 - 2030
4.9%
Report Coverage
Worldwide
Global capacitor banks market, 2018-2030 (US$M)
Global capacitor banks market highlights
- The global capacitor banks market generated a revenue of USD 4,614.1 million in 2023 and is expected to reach USD 6,434.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.9% by 2030.
- In terms of segment, low [<10 kv] accounted for a revenue of USD 4,614.1 million in 2023.
- Low [<10 kV] is the most lucrative voltage segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 4,614.1 million |
| Market revenue in 2030 | USD 6,434.4 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Low [<10 kv] |
| Fastest growing segment | Low [<10 kV] |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low [<10 kV] |
Other key industry trends
- In terms of revenue, the North America accounted for 24.0% of the global capacitor banks market in 2023.
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Capacitor Banks Market Scope
Capacitor banks market segmentation & scope
Applicaion
Power Factor Correction
Harmonic Filter
Voltage Regulation
Renewable Integration
Industrial Application
Data Centers
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Netherlands
Denmark
China
India
Japan
South Korea
Indonesia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Capacitor Banks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global capacitor banks market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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