Shunt Capacitor Market Size, Share & Trends Analysis Report By Voltage Rating (Low & Medium, High), By Application (Industrial, Utility, Manufacturing), By Region, And Segment Forecasts, 2025 - 2030

PUBLISHED: March 5, 2025

PAGES: 110 Pages

DELIVERY TIME: 2-10 business days

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The global shunt capacitor market size is anticipated to reach USD 1.61 billion by 2030 and is anticipated to expand at a CAGR of 7.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing need for power factor correction, voltage stabilization, and energy efficiency in industrial, commercial, and utility applications drives the market. The rapid expansion of power transmission and distribution (T&D) networks and the integration of renewable energy sources like wind and solar have heightened demand for reactive power compensation. Additionally, government initiatives for grid modernization, smart grids, and electrification of transport systems further accelerate market growth. Technological advancements, such as IoT-enabled capacitor monitoring and high-performance dielectric materials, enhance product efficiency and reliability, making shunt capacitors essential for modern power infrastructure.

Rapid expansion of renewable energy sources, such as solar and wind power, is also one of the key drivers of the market's growth. As these intermittent energy sources are integrated into power grids, shunt capacitors play a critical role in stabilizing voltage levels, improving power factor correction, and ensuring reliable power delivery. Governments and utilities worldwide are investing heavily in renewable energy projects to meet sustainability goals, further boosting the demand for shunt capacitors.

Industries with high power consumption, such as manufacturing, data centers, and oil & gas, rely on shunt capacitors for power factor correction to reduce energy costs and comply with regulatory standards. The rise in industrial automation and the need for uninterrupted power supply further amplify this demand. Additionally, government regulations aimed at reducing carbon emissions and improving energy efficiency are pushing industries to adopt shunt capacitors, making them a critical component in achieving energy-saving targets. These factors collectively underscore the growing importance of shunt capacitors in modern power systems and industrial applications.

Shunt Capacitor Market Report Highlights:

Based on voltage rating, low & medium-voltage shunt capacitors held a revenue share of around 70% of the global market in 2024
Based on application, the industrial segment holds the largest revenue share in the market, with a revenue share of about 42% in 2024. The increasing need for power factor correction, voltage stabilization, and energy efficiency in industrial applications drives the demand for industrial shunt capacitors
Asia Pacific is the dominant region for the market, with a revenue share of over 40.0% in 2024 due to rapid industrialization, expanding power transmission and distribution infrastructure, and growing investments in renewable energy projects
Key industry participants include ABB Ltd., Schneider Electric, General Electric Company, Siemens AG, and Larsen & Toubro Ltd.

Product Code: GVR-4-68040-531-7

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook

Chapter 3. Market Variables, Trends, and Scope

3.1. Global Shunt Capacitor Market Outlook
3.2. Value Chain Analysis
- 3.2.1. Raw Material Trends
3.3. Manufacturing & Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Industry Challenges
3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal

Chapter 4. Shunt Capacitor Market: Voltage Rating Estimates & Trend Analysis

4.1. Shunt Capacitor Market: Voltage Rating Movement Analysis, 2024 & 2030
4.2. Low & Medium
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. High
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 5. Shunt Capacitor Market: Application Estimates & Trend Analysis

5.1. Shunt Capacitor Market: Application Movement Analysis, 2024 & 2030
5.2. Industrial
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3. Utility
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4. Manufacturing
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5. Others
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

Chapter 6. Shunt Capacitor Market: Regional Estimates & Trend Analysis

6.1. Regional Analysis, 2024 & 2030
6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.2.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.2.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
  - 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
  - 6.2.4.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.2.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.5. Canada
  - 6.2.5.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.2.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
  - 6.2.6.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.2.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.4. Germany
  - 6.3.4.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.3.4.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.5. UK
  - 6.3.5.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.3.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.6. Spain
  - 6.3.6.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.3.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.7. Italy
  - 6.3.7.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.3.7.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.8. France
  - 6.3.8.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.3.8.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.4. China
  - 6.4.4.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.4.4.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.5. India
  - 6.4.5.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.4.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.6. Japan
  - 6.4.6.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.4.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.7. South Korea
  - 6.4.7.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.4.7.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
  - 6.5.4.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.5.4.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.5. Argentina
  - 6.5.5.1. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
  - 6.5.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Categorization
7.3. Heat Map Analysis
7.4. Vendor Landscape
- 7.4.1. List of Raw Material Suppliers
- 7.4.2. List of Distributors
7.5. Strategy Mapping
7.6. Company Profiles/Listing
- 7.6.1. ABB Ltd.
  - 7.6.1.1. Company Overview
  - 7.6.1.2. Financial Performance
  - 7.6.1.3. Voltage Rating Benchmarking
- 7.6.2. Schneider Electric
  - 7.6.2.1. Company Overview
  - 7.6.2.2. Financial Performance
  - 7.6.2.3. Voltage Rating Benchmarking
- 7.6.3. General Electric Company
  - 7.6.3.1. Company Overview
  - 7.6.3.2. Financial Performance
  - 7.6.3.3. Voltage Rating Benchmarking
- 7.6.4. Siemens AG
  - 7.6.4.1. Company Overview
  - 7.6.4.2. Financial Performance
  - 7.6.4.3. Voltage Rating Benchmarking
- 7.6.5. Larsen & Toubro Ltd
  - 7.6.5.1. Company Overview
  - 7.6.5.2. Financial Performance
  - 7.6.5.3. Voltage Rating Benchmarking
- 7.6.6. Eaton Corporation Plc
  - 7.6.6.1. Company Overview
  - 7.6.6.2. Financial Performance
  - 7.6.6.3. Voltage Rating Benchmarking
- 7.6.7. Aerovox Corp.
  - 7.6.7.1. Company Overview
  - 7.6.7.2. Financial Performance
  - 7.6.7.3. Voltage Rating Benchmarking
- 7.6.8. Magnewin Energy Private Limited
  - 7.6.8.1. Company Overview
  - 7.6.8.2. Financial Performance
  - 7.6.8.3. Voltage Rating Benchmarking
- 7.6.9. CIRCUTOR, SA
  - 7.6.9.1. Company Overview
  - 7.6.9.2. Financial Performance
  - 7.6.9.3. Voltage Rating Benchmarking
- 7.6.10. Energe Capacitors Pvt Ltd.
  - 7.6.10.1. Company Overview
  - 7.6.10.2. Financial Performance
  - 7.6.10.3. Voltage Rating Benchmarking

Product Code: GVR-4-68040-531-7

List of Tables

Table 1 Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 2 Low & Medium voltage rating circuit breakers market estimates and forecasts, 2018 - 2030 (USD Million)
Table 3 High voltage rating circuit breakers market estimates and forecasts, 2018 - 2030 (USD Million)
Table 4 Shunt Capacitor market estimates and forecasts, by industrial, 2018 - 2030 (USD Million)
Table 5 Shunt Capacitor market estimates and forecasts, by utility, 2018 - 2030 (USD Million)
Table 6 Shunt Capacitor market estimates and forecasts, by manufacturing, 2018 - 2030 (USD Million)
Table 7 Shunt Capacitor market estimates and forecasts, by Others, 2018 - 2030 (USD Million)
Table 8 North America Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 9 North America Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 10 North America Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 11 U.S. Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 12 U.S. Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 13 U.S. Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 14 Canada Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 15 Canada Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 16 Canada Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 17 Mexico Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 18 Mexico Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 19 Mexico Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 20 Europe Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 21 Europe Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 22 Europe Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 23 Germany Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 24 Germany Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 25 Germany Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 26 UK Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 27 UK Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 28 UK Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 29 France Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 30 France Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 31 France Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 32 Spain Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 33 Spain Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 34 Spain Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 35 Italy Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 36 Italy Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 37 Italy Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 38 Asia Pacific Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 39 Asia Pacific Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 40 Asia Pacific Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 41 China Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 42 China Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 43 China Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 44 India Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 45 India Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 46 India Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 47 Japan Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 48 Japan Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 49 Japan Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 50 South Korea Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 51 South Korea Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 52 South Korea Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 53 Australia Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 54 Australia Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 55 Australia Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 56 Central & South America Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 57 Central & South America Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 58 Central & South America Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 59 Brazil Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 60 Brazil Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 61 Brazil Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 62 Argentina Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 63 Argentina Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 64 Argentina Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)
Table 65 Middle East & Africa Shunt Capacitor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 66 Middle East & Africa Shunt Capacitor market estimates & forecasts, by Voltage Rating, 2018 - 2030 (USD Million)
Table 67 Middle East & Africa Shunt Capacitor market estimates & forecasts, by Application, 2018 - 2030 (Kilotons)