Voltage Stability Solutions: Capacitor Bank Market Analysis

The Capacitor Bank Market is set to experience substantial growth, with a projected CAGR of 4.3% from 2023 to 2028, reaching US$ 3.1 billion by 2028, according to Stratview Research. Throughout this period, Asia-Pacific is anticipated to maintain dominance in the market. Capacitor banks play a crucial role in ensuring voltage stability within electrical systems, aiding in power factor correction and peak load management. As industries worldwide prioritize efficient energy management, the demand for capacitor banks continues to rise.