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Capacitor Bank Market Expected To Register 8.4% CAGR Over 2017-2021

A capacitor bank is a grouping of several identical capacitors interconnected in parallel or in series with one another. These groups of capacitors are typically used to correct or counteract undesirable characteristics, such as power factor lag or phase shifts inherent in alternating current (AC) electrical power supplies.
Capacitor Banks are mostly used municipal infrastructures, in turn the major drivers for the growth of the Capacitor Bank market are supportive government regulations, need for improved stability, and low transmission losses in the existing power infrastructure along with demand driven by smaller, niche end-user segments, according to research, the global Capacitor Bank market expected to register 8.4% CAGR over 2017-2021.

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……………………In terms of geography, the Asia Pacific is expected to grow at the highest CAGR during the forecast period due to their underway urbanization needs the electrical power, according to report, the Asia Pacific is expected to grow at a CAGR of 12.5% over 2015-2020.
There are some restraining factors for the market, such as high infrastructure cost and lack of standardization. The Capacitor Bank industry is growing rapidly due to the growth of infrastructure and automation, which are the key opportunities for the Capacitor Bank market.
Global top manufacturers operating in Capacitor Bank market are Eaton Corporation Plc, ABB Ltd, RTDS Technologies, Alstom SA, Transgrid Solutions, Maxwell Technologies Inc., Siemens AG., General Atomics, Inc., Vishay Intertechnology Inc., Epcos AG, Sieyuan Electric, Samwha Capacitor Co Ltd among others.
Global Capacitor Bank market share by region as following:

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Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
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Joanna | Executive - International Business and partner Relations
E-mail: [email protected] 
Tel: 001-510-400-8520
Web: www.gosreports.com