A capacitor bank is merely a grouping of several capacitors of the same rating. Capacitor banks may be connected in series or parallel, depending upon the desired rating. As with an individual capacitor, banks of capacitors are used to store electrical energy and condition the flow of that energy. Increasing the number of capacitors in a bank will increase the capacity of energy that can be stored on a single device. In this report, it can be divided into two types LV & MV capacitor banks (less than 35 KV) and HV capacitor banks (above 35 KV).
According to regions, North America dominated the entire market of the capacitor banks with about 31% of the global market share in 2019.Following North America, Europe made up about 28% of the market share.
Between the two types of capacitor banks, the LV & MV capacitor banks held more market share with around 57% in 2019.

Market Analysis and Insights: Global Capacitor Banks Market
In 2020, the global Capacitor Banks market size was US$ 3033.1 million and it is expected to reach US$ 3847.8 million by the end of 2027, with a CAGR of 3.5% during 2021-2027.
Global Capacitor Banks Scope and Market Size
Capacitor Banks market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Capacitor Banks market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Capacitor Banks market is segmented into

LV & MV Capacitor Banks
HV Capacitor Banks

Segment by Application, the Capacitor Banks market is segmented into

Commercial
Residential
Industrial

Regional and Country-level Analysis:

North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

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