Shunt Power Capacitors Market 2025-31

Report Overview

Shunt power capacitors are essential components used in electrical networks to improve power factor, enhance voltage stability, and reduce energy losses.

These capacitors are widely used in industrial applications, electrical grids, rail and traffic systems, and various other power distribution setups.

Shunt capacitors store electrical energy and release it when needed, thereby ensuring a smooth and efficient power supply.

The latest advancements in shunt power capacitors have led to improved energy efficiency and operational reliability, making them a crucial component in modern power systems.

Market Analysis

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).

Regional Analysis

North America

Europe

Asia-Pacific

South America

Middle East & Africa

Competitor Analysis

Hubbell

Kyocera

FATO Mechanical And Electrical

Foretech

Delixi Electric

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

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.