North America Shunt Capacitor Market Size & Outlook
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North America shunt capacitor market highlights
- The North America shunt capacitor market generated a revenue of USD 218.0 million in 2024.
- The market is expected to grow at a CAGR of 5% from 2025 to 2030.
- In terms of segment, industrial was the largest revenue generating application in 2024.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 218.0 million |
| Market revenue in 2030 | USD 291.4 million |
| Growth rate | 5% (CAGR from 2025 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Industrial |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Utility, Manufacturing |
Other key industry trends
- In terms of revenue, North America region accounted for 20.2% of the global shunt capacitor market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 128.7 million by 2030.
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Shunt Capacitor Market Scope
Shunt Capacitor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Energe | View profile | 11-50 | Mendoza, Mendoza, Argentina, South America | http://www.energe.com.ar/ |
| Circutor | View profile | - | Barcelona, Catalonia, Spain, Europe | http://www.circutor.com/ |
| Magnewin Energy | View profile | 11-50 | Sangli, Maharashtra, India, Asia | https://www.magnewin.com |
| Aerovox | View profile | 1001-5000 | New Bedford, Massachusetts, United States, North America | http://www.aerovox.com |
| ABB Ltd. | View profile | - | - | - |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
North America shunt capacitor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shunt capacitor market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 36.47% in 2024. Horizon Databook has segmented the North America shunt capacitor market based on industrial, utility, manufacturing covering the revenue growth of each sub-segment from 2018 to 2030.
The shunt capacitors market in North America is primarily driven by the increasing demand for efficient power management solutions and the modernization of aging power infrastructure. The region's focus on renewable energy integration, such as solar and wind power, necessitates using shunt capacitors to stabilize grid voltage and improve power quality.
In addition, stringent government regulations and policies aimed at reducing energy losses and enhancing grid reliability are pushing utilities and industries to adopt advanced capacitor technologies. The growing adoption of electric vehicles (EVs) and the need for robust charging infrastructure further contribute to the demand for shunt capacitors in the region.
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Our clientele includes a mix of shunt capacitor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America shunt capacitor market , including forecasts for subscribers. This continent databook contains high-level insights into North America shunt capacitor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America shunt capacitor market size, by country, 2018-2030 (US$M)
North America Shunt Capacitor Market Outlook Share, 2024 & 2030 (US$M)
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