How big is the shunt capacitor market?

The global shunt capacitor market size was estimated at USD 1.08 billion in 2024 and is expected to reach USD 1.15 billion in 2025.

What is the shunt capacitor market growth?

The global shunt capacitor market is expected to grow at a compound annual growth rate of 7.00% from 2025 to 2030 to reach USD 1.61 billion by 2030.

Which segment accounted for the largest shunt capacitor market share?

By Application, industrial dominated the market with a revenue share of over 42.14% in 2024. The segment is primarily driven by the need for power factor correction, energy cost reduction, and improved electrical efficiency in manufacturing facilities.

Who are the key players in shunt capacitor market?

Some of the key vendors of the global shunt capacitormarket are ABB Ltd., Schneider Electric, General Electric Company, Siemens AG, among others.

What are the factors driving the shunt capacitor market?

The shunt capacitor market is primarily driven by the rising demand for energy efficiency, grid stability, and power factor correction across industrial, commercial, and utility sectors. Rapid urbanization, industrialization, and the increasing penetration of renewable energy sources, such as wind and solar, necessitate reactive power compensation, further boosting market growth.