Capacitor Bank Market Size By Voltage, By Type, By Application & Forecast, 2023

Description

Capacitor Bank Market will record a positive trajectory through 2032 owing to the budding expansion of smart grid networks. The widespread use of capacitor banks in smart grid systems to reduce carbon emissions for power generation will positively influence the industry outlook. These units enhance the energy efficiency and system voltages in the distribution system, thus delivering more energy to the consumers, escalating the business outlook.

Few major market manufacturers are expanding their global presence and diversifying the product categories to gain a competitive advantage through diverse marketing strategies including acquisitions, mergers, and partnerships. For instance, in March 2022, Sentient Energy acquired Varentec's grid edge voltage optimization hardware and management software to offer a comprehensive set of solutions in view of assisting utilities in meeting the intricate distribution grid reliability, resilience, and efficiency needs.

Overall, the capacitor bank industry is segmented in terms of voltage, type, application, and region.

Based on voltage, the high [>69 kV] voltage segment will be valued at over USD 1 billion by 2032. Increasing demand for efficient power factor correction equipment to gain enhanced efficiency of electricity supply network will increase the business growth. Furthermore, the expanding power infrastructure across developing nations will enhance the deployment of high-voltage capacitor banks worldwide.

By type, the metal-enclosed substation segment will record high gains during the estimated timeframe. Metal-enclosed capacitor banks are anticipated to gain strong momentum during the estimated timeframe owing to the increasing refurbishment of prevailing electricity infrastructure and constantly surging demand for peak load. The availability of these systems in multiple-step configurations and easy installation across outdoor, indoor, and underground locations will assist the segmental expansion.

In terms of application, the harmonic filter application segment will anchor strong growth during 2023-2032. The application can enhance voltage stability, provide a higher power factor, and reduce network losses at a substation. Constantly surging demand to mitigate the total harmonic distortion in a grid network will amplify the demand for capacitor banks worldwide.

Geographically, the Europe capacitor bank market was valued at over USD 200 million in 2022. The region will foresee immense market growth owing to the paradigm shift toward offshore & onshore wind farms. In addition, increasing focus on investments in solar power plants will fuel the Europe capacitor bank market. Deployment of large-scale renewable systems to reduce the reliance on conventional units and increasing refurbishment activities will escalate the business outlook during the ensuing years.

Product Code: 3767

Chapter 1 Methodology & Scope

1.1 Market scope and definitions
1.2 Market estimates & forecast parameters
- 1.2.1 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Capacitor bank industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Voltage trends
- 2.1.3 Type trends
- 2.1.4 Application trends
- 2.1.5 Regional trends

Chapter 3 Capacitor Bank Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor Matrix
3.2 Regulatory landscape
- 3.2.1 International Standard
  - 3.2.1.1 IEC 61850
  - 3.2.1.2 Standardization of Capacitor Bank ratings for Electricity Boards
- 3.2.2 North America
  - 3.2.2.1 U.S.
    - 3.2.2.1.1 Capacitor Bank Specifications Guidance (US G 112-2021)
    - 3.2.2.1.2 Considerations in Overvoltage Operation-Switchgear Limitation
    - 3.2.2.1.3 NERC Physical Security Reliability Standard
  - 3.2.2.2 Canada
    - 3.2.2.2.1 CAN/CSA-C60871-1:03 (R2013)
    - 3.2.2.2.2 Shunt Capacitor Bank Standards
  - 3.2.2.3 Mexico
    - 3.2.2.3.1 Network Code
- 3.2.3 Europe
  - 3.2.3.1 EN 61921:2003
  - 3.2.3.2 DIRECTIVE 2006/95/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
  - 3.2.3.3 Conformity Marking and EC Declaration of Conformity
  - 3.2.3.4 Internal Production Control
  - 3.2.3.5 DIRECTIVE 2014/35/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
  - 3.2.3.6 Union market surveillance and control of electrical equipment entering the Union market
  - 3.2.3.7 DIRECTIVE 2014/53/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
  - 3.2.3.8 UK
    - 3.2.3.8.1 The Electricity Safety, Quality, and Continuity Regulations 2002
- 3.2.4 Asia Pacific
  - 3.2.4.1 India
    - 3.2.4.1.1 TECHNICAL REGULATION FOR ELECTRICAL EQUIPMENT
    - 3.2.4.1.2 Indian Electricity Rule-36
    - 3.2.4.1.3 Indian Electricity Rule-37
  - 3.2.4.2 China
    - 3.2.4.2.1 China Electrical Standards Effective May 1, 2023
  - 3.2.4.3 Australia
    - 3.2.4.3.1 UETTDRSB29A Maintain capacitor bank equipment for voltage regulation 2012
- 3.2.5 Latin America
  - 3.2.5.1 Brazil
    - 3.2.5.1.1 NR10 - Safety in Electrical Installations and Services
  - 3.2.5.2 Argentina
    - 3.2.5.2.1 Electric Safety Regime
3.3 COVID- 19 impact on the industry outlook
3.4 Price trend analysis
- 3.4.1 By region
- 3.4.2 By voltage
3.5 Industry impact forces
- 3.5.1 Growth drivers
  - 3.5.1.1 Refurbishment & retrofit of existing electricity networks
  - 3.5.1.2 Increasing peak load demand
  - 3.5.1.3 Large scale integration of clean energy sources
  - 3.5.1.4 Grid stability & security of supply concerns
  - 3.5.1.5 Robust expansion of smart grid networks
- 3.5.2 Industry pitfalls & challenges
  - 3.5.2.1 Slow paced technological evolution across developing regions
3.6 Growth potential analysis
3.7 Porter's Analysis
- 3.7.1 Bargaining power of suppliers
- 3.7.2 Bargaining power of buyers
- 3.7.3 Threat of new entrants
- 3.7.4 Threat of substitutes
3.8 PESTEL Analysis

Chapter 4 Competitive Benchmarking

4.1 Competitive landscape, 2022
- 4.1.1 Strategy dashboard
  - 4.1.1.1 ABB
    - 4.1.1.1.1 Business expansion
    - 4.1.1.1.2 Investment
    - 4.1.1.1.3 Divestment
    - 4.1.1.1.4 Partnership
  - 4.1.1.2 Hitachi Energy Ltd.
    - 4.1.1.2.1 Business expansion
    - 4.1.1.2.2 Installation/Supply
  - 4.1.1.3 Bharat Heavy Electrical Limited
    - 4.1.1.3.1 Joint venture
    - 4.1.1.3.2 Installation/supply
  - 4.1.1.4 Siemens India
    - 4.1.1.4.1 Acquisition
    - 4.1.1.4.2 Business expansion
  - 4.1.1.5 Eaton Corporation
    - 4.1.1.5.1 Acquisition
    - 4.1.1.5.2 Business expansion
  - 4.1.1.6 General Electric
    - 4.1.1.6.1 Product development
    - 4.1.1.6.2 Installation/supply
  - 4.1.1.7 Schneider Electric
    - 4.1.1.7.1 Business expansion
    - 4.1.1.7.2 Acquisition
  - 4.1.1.8 American Superconductor
    - 4.1.1.8.1 Acquisition
  - 4.1.1.9 Larsen & Toubro Limited
    - 4.1.1.9.1 Divestment
  - 4.1.1.10 ARTECHE
    - 4.1.1.10.1 Joint venture
    - 4.1.1.10.2 Acquisition
  - 4.1.1.11 Vishay Intertechnology, Inc.
    - 4.1.1.11.1 Acquisition
    - 4.1.1.11.2 Product development
4.2 Innovation & technology landscape
- 4.2.1 Vishay Intertechnology, Inc.

Chapter 5 Capacitor Bank Market, By Voltage

5.1 Key voltage trends
5.2 Low [<10 kV]
- 5.2.1 Global market from low [<10 kV], 2019 - 2032
- 5.2.2 Global market from low [<10 kV], by region, 2019 - 2032
5.3 Medium [10 kV - 69 kV]
- 5.3.1 Global market from medium [10 kV - 69 kV], 2019 - 2032
- 5.3.2 Global market from medium [10 kV - 69 kV], by region, 2019 - 2032
5.4 High [>69 kV]
- 5.4.1 Global market from high [>69 kV], 2019 - 2032
- 5.4.2 Global market from high [>69 kV], by region, 2019 - 2032

Chapter 6 Capacitor Bank Market, By Type

6.1 Key type trends
6.2 Open air substation
- 6.2.1 Global market from open air substation, 2019 - 2032
- 6.2.2 Global market from open air substation, by region, 2019 - 2032
6.3 Metal enclosed substation
- 6.3.1 Global market from metal enclosed substation, 2019 - 2032
- 6.3.2 Global market from metal enclosed substation, by region, 2019 - 2032
6.4 Pole mounted
- 6.4.1 Global market from pole mounted, 2019 - 2032
- 6.4.2 Global market from pole mounted, by region, 2019 - 2032
6.5 Others
- 6.5.1 Global market from others, 2019 - 2032
- 6.5.2 Global market from others, by region, 2019 - 2032

Chapter 7 Capacitor Bank Market, By Application

7.1 Key application trends
7.2 Power factor correction
- 7.2.1 Global market from power factor correction, 2019 - 2032
- 7.2.2 Global market from power factor correction, by region, 2019 - 2032
7.3 Harmonic filter
- 7.3.1 Global market from harmonic filter, 2019 - 2032
- 7.3.2 Global market from harmonic filter, by region, 2019 - 2032
7.4 Voltage regulation
- 7.4.1 Global market from voltage regulation, 2019 - 2032
- 7.4.2 Global market from voltage regulation, by region, 2019 - 2032
7.5 Renewable integration
- 7.5.1 Global market from renewable integration, 2019 - 2032
- 7.5.2 Global market from renewable integration, by region, 2019 - 2032
7.6 Industrial application
- 7.6.1 Global market from industrial application, 2019 - 2032
- 7.6.2 Global market from industrial application, by region, 2019 - 2032
7.7 Data centers
- 7.7.1 Global market from data centers, 2019 - 2032
- 7.7.2 Global market from data centers, by region, 2019 - 2032
7.8 Others
- 7.8.1 Global market from others, 2019 - 2032
- 7.8.2 Global market from others, by region, 2019 - 2032

Chapter 8 Capacitor Bank Market, By Region

8.1 Key regional trends
8.2 North America
- 8.2.1 North America market, 2019 - 2032
- 8.2.2 North America market by voltage, 2019 - 2032
- 8.2.3 North America market by type, 2019 - 2032
- 8.2.4 North America market by application, 2019 - 2032
- 8.2.5 U.S.
  - 8.2.5.1 U.S. market, 2019 - 2032
  - 8.2.5.2 U.S. market by voltage, 2019 - 2032
  - 8.2.5.3 U.S. market by type, 2019 - 2032
  - 8.2.5.4 U.S. market by application, 2019 - 2032
- 8.2.6 Canada
  - 8.2.6.1 Canada market, 2019 - 2032
  - 8.2.6.2 Canada market by voltage, 2019 - 2032
  - 8.2.6.3 Canada market by type, 2019 - 2032
  - 8.2.6.4 Canada market by application, 2019 - 2032
- 8.2.7 Mexico
  - 8.2.7.1 Mexico market, 2019 - 2032
  - 8.2.7.2 Mexico market by voltage, 2019 - 2032
  - 8.2.7.3 Mexico market by type, 2019 - 2032
  - 8.2.7.4 Mexico market by application, 2019 - 2032
8.3 Europe
- 8.3.1 Europe market, 2019 - 2032
- 8.3.2 Europe market by voltage, 2019 - 2032
- 8.3.3 Europe market by type, 2019 - 2032
- 8.3.4 Europe market by application, 2019 - 2032
- 8.3.5 Germany
  - 8.3.5.1 Germany market, 2019 - 2032
  - 8.3.5.2 Germany market by voltage, 2019 - 2032
  - 8.3.5.3 Germany market by type, 2019 - 2032
  - 8.3.5.4 Germany market by application, 2019 - 2032
- 8.3.6 France
  - 8.3.6.1 France market, 2019 - 2032
  - 8.3.6.2 France market by voltage, 2019 - 2032
  - 8.3.6.3 France market by type, 2019 - 2032
  - 8.3.6.4 France market by application, 2019 - 2032
- 8.3.7 Spain
  - 8.3.7.1 Spain market, 2019 - 2032
  - 8.3.7.2 Spain market by voltage, 2019 - 2032
  - 8.3.7.3 Spain market by type, 2019 - 2032
  - 8.3.7.4 Spain market by application, 2019 - 2032
- 8.3.8 Italy
  - 8.3.8.1 Italy market, 2019 - 2032
  - 8.3.8.2 Italy market by voltage, 2019 - 2032
  - 8.3.8.3 Italy market by type, 2019 - 2032
  - 8.3.8.4 Italy market by application, 2019 - 2032
- 8.3.9 UK
  - 8.3.9.1 UK market, 2019 - 2032
  - 8.3.9.2 UK market by voltage, 2019 - 2032
  - 8.3.9.3 UK market by type, 2019 - 2032
  - 8.3.9.4 UK market by application, 2019 - 2032
- 8.3.10 Netherlands
  - 8.3.10.1 Netherlands market, 2019 - 2032
  - 8.3.10.2 Netherlands market by voltage, 2019 - 2032
  - 8.3.10.3 Netherlands market by type, 2019 - 2032
  - 8.3.10.4 Netherlands market by application, 2019 - 2032
- 8.3.11 Russia
  - 8.3.11.1 Russia market, 2019 - 2032
  - 8.3.11.2 Russia market by voltage, 2019 - 2032
  - 8.3.11.3 Russia market by type, 2019 - 2032
  - 8.3.11.4 Russia market by application, 2019 - 2032
- 8.3.12 Sweden
  - 8.3.12.1 Sweden market, 2019 - 2032
  - 8.3.12.2 Sweden market by voltage, 2019 - 2032
  - 8.3.12.3 Sweden market by type, 2019 - 2032
  - 8.3.12.4 Sweden market by application, 2019 - 2032
8.4 Asia Pacific
- 8.4.1 Asia Pacific market, 2019 - 2032
- 8.4.2 Asia Pacific market by voltage, 2019 - 2032
- 8.4.3 Asia Pacific market by type, 2019 - 2032
- 8.4.4 Asia Pacific market by application, 2019 - 2032
- 8.4.5 China
  - 8.4.5.1 China market, 2019 - 2032
  - 8.4.5.2 China market by voltage, 2019 - 2032
  - 8.4.5.3 China market by type, 2019 - 2032
  - 8.4.5.4 China market by application, 2019 - 2032
- 8.4.6 India
  - 8.4.6.1 India market, 2019 - 2032
  - 8.4.6.2 India market by voltage, 2019 - 2032
  - 8.4.6.3 India market by type, 2019 - 2032
  - 8.4.6.4 India market by application, 2019 - 2032
- 8.4.7 Japan
  - 8.4.7.1 Japan market, 2019 - 2032
  - 8.4.7.2 Japan market by voltage, 2019 - 2032
  - 8.4.7.3 Japan market by type, 2019 - 2032
  - 8.4.7.4 Japan market by application, 2019 - 2032
- 8.4.8 South Korea
  - 8.4.8.1 South Korea market, 2019 - 2032
  - 8.4.8.2 South Korea market by voltage, 2019 - 2032
  - 8.4.8.3 South Korea market by type, 2019 - 2032
  - 8.4.8.4 South Korea market by application, 2019 - 2032
- 8.4.9 Indonesia
  - 8.4.9.1 Indonesia market, 2019 - 2032
  - 8.4.9.2 Indonesia market by voltage, 2019 - 2032
  - 8.4.9.3 Indonesia market by type, 2019 - 2032
  - 8.4.9.4 Indonesia market by application, 2019 - 2032
- 8.4.10 New Zealand
  - 8.4.10.1 New Zealand market, 2019 - 2032
  - 8.4.10.2 New Zealand market by voltage, 2019 - 2032
  - 8.4.10.3 New Zealand market by type, 2019 - 2032
  - 8.4.10.4 New Zealand market by application, 2019 - 2032
- 8.4.11 Malaysia
  - 8.4.11.1 Malaysia market, 2019 - 2032
  - 8.4.11.2 Malaysia market by voltage, 2019 - 2032
  - 8.4.11.3 Malaysia market by type, 2019 - 2032
  - 8.4.11.4 Malaysia market by application, 2019 - 2032
- 8.4.12 Thailand
  - 8.4.12.1 Thailand market, 2019 - 2032
  - 8.4.12.2 Thailand market by voltage, 2019 - 2032
  - 8.4.12.3 Thailand market by type, 2019 - 2032
  - 8.4.12.4 Thailand market by application, 2019 - 2032
- 8.4.13 Singapore
  - 8.4.13.1 Singapore market, 2019 - 2032
  - 8.4.13.2 Singapore market by voltage, 2019 - 2032
  - 8.4.13.3 Singapore market by type, 2019 - 2032
  - 8.4.13.4 Singapore market by application, 2019 - 2032
- 8.4.14 Australia
  - 8.4.14.1 Australia market, 2019 - 2032
  - 8.4.14.2 Australia market by voltage, 2019 - 2032
  - 8.4.14.3 Australia market by type, 2019 - 2032
  - 8.4.14.4 Australia market by application, 2019 - 2032
8.5 Middle East & Africa
- 8.5.1 Middle East & Africa market, 2019 - 2032
- 8.5.2 Middle East & Africa market by voltage, 2019 - 2032
- 8.5.3 Middle East & Africa market by type, 2019 - 2032
- 8.5.4 Middle East & Africa market by application, 2019 - 2032
- 8.5.5 Saudi Arabia
  - 8.5.5.1 Saudi Arabia market, 2019 - 2032
  - 8.5.5.2 Saudi Arabia market by voltage, 2019 - 2032
  - 8.5.5.3 Saudi Arabia market by type, 2019 - 2032
  - 8.5.5.4 Saudi Arabia market by application, 2019 - 2032
- 8.5.6 UAE
  - 8.5.6.1 UAE market, 2019 - 2032
  - 8.5.6.2 UAE market by voltage, 2019 - 2032
  - 8.5.6.3 UAE market by type, 2019 - 2032
  - 8.5.6.4 UAE market by application, 2019 - 2032
- 8.5.7 Qatar
  - 8.5.7.1 Qatar market, 2019 - 2032
  - 8.5.7.2 Qatar market by voltage, 2019 - 2032
  - 8.5.7.3 Qatar market by type, 2019 - 2032
  - 8.5.7.4 Qatar market by application, 2019 - 2032
- 8.5.8 Oman
  - 8.5.8.1 Oman market, 2019 - 2032
  - 8.5.8.2 Oman market by voltage, 2019 - 2032
  - 8.5.8.3 Oman market by type, 2019 - 2032
  - 8.5.8.4 Oman market by application, 2019 - 2032
- 8.5.9 South Africa
  - 8.5.9.1 South Africa market, 2019 - 2032
  - 8.5.9.2 South Africa market by voltage, 2019 - 2032
  - 8.5.9.3 South Africa market by type, 2019 - 2032
  - 8.5.9.4 South Africa market by application, 2019 - 2032
8.6 Latin America
- 8.6.1 Latin America market, 2019 - 2032
- 8.6.2 Latin America market by voltage, 2019 - 2032
- 8.6.3 Latin America market by type, 2019 - 2032
- 8.6.4 Latin America market by application, 2019 - 2032
- 8.6.5 Brazil
  - 8.6.5.1 Brazil market, 2019 - 2032
  - 8.6.5.2 Brazil market by voltage, 2019 - 2032
  - 8.6.5.3 Brazil market by type, 2019 - 2032
  - 8.6.5.4 Brazil market by application, 2019 - 2032
- 8.6.6 Chile
  - 8.6.6.1 Chile market, 2019 - 2032
  - 8.6.6.2 Chile market by voltage, 2019 - 2032
  - 8.6.6.3 Chile market by type, 2019 - 2032
  - 8.6.6.4 Chile market by application, 2019 - 2032
- 8.6.7 Argentina
  - 8.6.7.1 Argentina market, 2019 - 2032
  - 8.6.7.2 Argentina market by voltage, 2019 - 2032
  - 8.6.7.3 Argentina market by type, 2019 - 2032
  - 8.6.7.4 Argentina market by application, 2019 - 2032

Chapter 9 Company Profiles

9.1 ABB
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
9.2 Siemens India
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
9.3 General Electric
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
9.4 Eaton
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 Strategic Outlook
- 9.4.5 SWOT Analysis
9.5 Schneider Electric
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
9.6 American Superconductor
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT Analysis
9.7 ARTECHE
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
9.8 Vishay Intertechnology, Inc.
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Product Landscape
- 9.8.4 Strategic Outlook
- 9.8.5 SWOT Analysis
9.9 Larsen & Toubro Limited
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Product Landscape
- 9.9.4 Strategic Outlook
- 9.9.5 SWOT Analysis
9.10 Bharat Heavy Electricals Limited
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 Strategic Outlook
- 9.10.5 SWOT Analysis
9.11 Hitachi Energy Ltd.
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Product Landscape
- 9.11.4 Strategic Outlook
- 9.11.5 SWOT Analysis
9.12 CIRCUTOR
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Product Landscape
- 9.12.4 SWOT Analysis
9.13 Powerside
- 9.13.1 Business Overview
- 9.13.2 Financial Data
- 9.13.3 Product Landscape
- 9.13.4 SWOT Analysis
9.14 Aener Energia
- 9.14.1 Business Overview
- 9.14.2 Financial Data
- 9.14.3 Product Landscape
- 9.14.4 SWOT Analysis
9.15 Enerlux Power s.r.l.
- 9.15.1 Business Overview
- 9.15.2 Financial Data
- 9.15.3 Product Landscape
- 9.15.4 SWOT Analysis
9.16 ZEZ SILKO, s.r.o.
- 9.16.1 Business Overview
- 9.16.2 Financial Data
- 9.16.3 Product Landscape
- 9.16.4 SWOT Analysis
9.18 LIFASA
- 9.18.1 Business Overview
- 9.18.2 Financial Data
- 9.18.3 Product Landscape
- 9.18.4 SWOT Analysis
9.19 RTR Energia S.L.
- 9.19.1 Business Overview
- 9.19.2 Financial Data
- 9.19.3 Product Landscape
- 9.19.4 SWOT Analysis
9.20 Gentec
- 9.20.1 Business Overview
- 9.20.2 Financial Data
- 9.20.3 Product Landscape
- 9.20.4 SWOT Analysis
9.21 SHARDA Electronics & Co.
- 9.21.1 Business Overview
- 9.21.2 Financial Data
- 9.21.3 Product Landscape
- 9.21.4 SWOT Analysis

Capacitor Bank Market Size By Voltage, By Type, By Application & Forecast, 2023 - 2032