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Source: https://www.transparencymarketresearch.com/capacitor-bank-market.html

Category: Business

Capacitor Bank Market | Global Industry Report, 2030 • Rise in electricity consumption, primarily in developing nations such as China and India, due to rapid urbanization & industrialization, along with accelerating investments in the refurbishment & replacement of existing electrical infrastructure are expected to drive the global capacitor bank market. For instance, electricity consumption in Asia has increased from 8,866 TWh in 2015 to 10,716 TWh in 2019. A capacitor bank optimizes the power transmission capability and increases control of the power flow.

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