Press Release
Global Capacitor Bank Market Size To Worth USD 5.1 Billion By 2033 | CAGR Of 4.45%
New York, United States , November 06, 2024 – The Global Capacitor Bank Market Size is to Grow from USD 3.3 Billion in 2023 to USD 5.1 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.45% during the projected period.
An electrical energy storage device known as a capacitor bank is constructed from many capacitors with similar ratings that are linked in series or parallel. To make up for or correct a phase shift or power factor lag, the resultant bank is then applied to an AC power source. They can also be utilized to boost the total amount of stored energy or the power supply’s ability to tolerate ripple currents in a DC power source. Improving voltage stability and grid power factor is its primary objective. Whenever the need for reactive power fluctuates, it quickly releases or absorbs energy to make up the difference. Energy costs are reduced and system performance is improved by reducing line losses and maintaining a constant voltage level. Furthermore, the growing product consumption in telecommunications and data centers is having a beneficial effect on the market. This is a result of these sectors’ increasing demand for robust and efficient power management solutions. As vital hubs for processing and storing massive volumes of data, data centers require a steady power supply and the highest possible power quality. Capacitor banks are essential for improving power factor, reducing voltage fluctuations, improving power system stability, minimizing downtime, and optimizing overall data center performance. Furthermore, the growing emphasis on power quality and energy efficiency is one of the main factors propelling the capacitor bank market. Due to the increasing demand for electricity and the increased emphasis on sustainable energy practices, industries, and utilities are constantly seeking ways to improve energy efficiency and reduce power losses. However, throughout the projected time frame, price volatility for raw materials like copper, titanium, aluminum, and other components that can reduce market demand is anticipated to hinder the growth of the capacitor bank market.
Browse key industry insights spread across 206 pages with 110 Market data tables and figures & charts from the report on the “Global Capacitor Bank Market Size, Share, and COVID-19 Impact Analysis, By Type (Internally Fused, Externally Fused, and Fuseless), By Application (Power Factor Correction, Harmonic Filter, Industrial, and Others), By Installation (Pole Mounted, Open Air Substation, Metal Enclosed Substation, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.”
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The internally fused segment is anticipated to hold the greatest share of the global capacitor bank market during the projected timeframe.
Based on the type, the global capacitor bank market is divided into internally fused, externally fused, and fuseless. Among these, the internally fused segment is anticipated to hold the greatest share of the global capacitor bank market during the projected timeframe. The market for capacitor banks is expanding due to two main factors increased investments in the power generation industry and a high demand for capacitor banks to enhance the quality of the energy supply. Internally fused capacitor banks are highly recommended due to their include an internal protection mechanism that ensures safety during operation and lowers the chance of damage from internal faults.
The industrial segment is projected to grow at the fastest CAGR in the global capacitor bank market during the projected timeframe.
Based on the application, the global capacitor bank market is divided into power factor correction, harmonic filter, industrial, and others. Among these, the industrial segment is projected to grow at the fastest CAGR in the global capacitor bank market during the projected timeframe. Due to the world’s fast industrialization and the growing usage of modern technologies in production facilities to promote productivity. As industrialization and electrification rise, the need for voltage regulation and power factor correction grows. The creation of energy, the decrease in power costs, and the stability of the voltage supply in industries are all significantly influenced by capacitor banks.
The pole mounted segment accounted for the largest revenue share in the capacitor bank market during the estimated period.
Based on the installation, the global capacitor bank market is divided into pole mounted, open air substations, metal enclosed substations, and others. Among these, the pole mounted segment accounted for the largest revenue share in the capacitor bank market during the estimated period. For spread deployments, pole mounted systems are ideal, especially in remote or rural areas. Due to their compact size, they are easy to incorporate into utility poles, improving the voltage regulation and power factor of distribution networks. This kind of architecture can lower line losses and increase grid stability for utilities.
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Asia Pacific is expected to hold the largest share of the global capacitor bank market over the forecast period.
Asia Pacific is Expected to hold the largest share of the global capacitor bank market over the forecast period. Significant increases in industrialization, urbanization, and infrastructure development have occurred throughout Asia Pacific, resulting in increased power demand and the need for efficient power distribution networks. China, India, Japan, and South Korea are driving the demand for capacitor banks across a range of industries, including manufacturing, utilities, and commercial buildings. Government actions to promote energy efficiency and the use of renewable energy sources contribute to the governance of the Asia Pacific capacitor bank sector.
Europe is predicted to grow at the fastest pace in the global capacitor bank market during the projected timeframe. The renovation, modernization, and updating of these areas’ electrical infrastructure will lead to an increase in the demand for capacitor banks. To meet their electrical needs, many European nations are constructing renewable power plants rather than relying on traditional power-producing techniques. It is necessary to use capacitor banks for these applications. Panelboards are used in modern architecture, and their proper operation depends on capacitor banks.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Capacitor Bank Market include Eaton, Comar Condensatori S.p.A, ABB Ltd., Enerlux Power s.r.l., Hitachi Ltd., Circutor, Siemens, Toshiba Corporation, EPCOS, Schneider Electric SE, General Electric Company, and Others.
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Recent Developments
In February 2024, Pole-MVar is a straightforward post-mounted device that Powerside invented to solve reverberation and symphonious mutilation issues. It is a tuned-filter capacitor bank. This innovative approach aims to be of considerable help to engineers who are facing reliability problems with power frameworks, especially in their exploration of the interface between innovation and existing foundations.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Capacitor Bank Market based on the below-mentioned segments:
Global Capacitor Bank Market, By Type
Internally Fused
Externally Fused
Fuseless
Global Capacitor Bank Market, By Application
Power Factor Correction
Harmonic Filter
Industrial
Others
Global Capacitor Bank Market, By Installation
Pole Mounted
Open Air Substation
Metal Enclosed Substation
Others
Global Capacitor Bank Market, By Regional Analysis
North America
US
Canada
Mexico
Europe
Germany
Uk
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.
Media contact:giant-electric.com
Company Name:Zhejiang Zhegui Electric Co., Ltd
City, State, Country:Zhejiang,China
Address:No.316 Wei 11 Road Economic Devlopment District, Yueqing City, Wenzhou City, Zhejiang Province, China
Contact Person:Emma Li
Email:service@giantele.com
Tele: 13353325100
Website: giant-electric.com
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
“AI’s Double-Edged Sword: Gopalakrishnan Arjunan Highlights Rising Security Risks and Ethical Challenges
Artificial Intelligence (AI) is reshaping our world, but its rapid growth brings significant security concerns. From cyber threats to ethical dilemmas, AI’s potential for harm rivals its benefits.
Gopalakrishnan Arjunan: A Visionary Voice in AI and Security
Gopalakrishnan Arjunan, a distinguished expert in AI and Machine Learning (ML) engineering with a deep understanding of digital industries, provides valuable insights into these pressing issues. With a career dedicated to advancing technology while addressing its risks, he has become a trusted authority on AI’s transformative power and its vulnerabilities. In his words, “AI’s rapid advancement is a double-
Key Risks:
- Cybersecurity Breaches:
AI is both a defender and a weapon. Hackers use AI to enhance phishing attacks and create malware, while AI tools defend against intrusions. In 2023, global losses from AI-enhanced cyberattacks reached $6 trillion (Source: Cybersecurity Ventures).
2.Deepfakes and Misinformation:
Deepfake videos and AI-generated content blur reality. In 2024, over 70% of misinformation online is predicted to originate from AI systems (Source: Pew Research).
3.Autonomous Systems in Warfare:
AI-powered autonomous weapons raise ethical and operational challenges. The UN warns of the risk of escalating conflicts through autonomous military systems.
4.Privacy Concerns:
AI-driven surveillance tools can overreach, threatening individual freedoms. In 2023, 25% of countries reported misuse of AI in mass surveillance programs.
Data Insights:
- Projected Global AI Security Market: Expected to grow to $190 billion by 2030 (Source: MarketsandMarkets).
- AI-Driven Cyberattacks Growth: Increased by 20% annually over the past five years.
The Path Forward
To mitigate these risks, the global community must adopt robust AI regulations, enhance transparency in AI algorithms, and invest in ethical AI research. Responsible AI is essential to harness its potential while safeguarding security and privacy.
Contact details
1. Company name: : Gopalakrishnan Arjunan
2. Website link: https://www.instagram.com/gopalk_arjunan
3. Contact Email: gopalakrishnan.a02@aiandml.in
4. Country: India
5. City: Bangalore
6. Contact person name : : Gopalakrishnan Arjunan
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Emergency Dentist Perth Provides Rapid and Reliable Emergency Dental Care
Australia, 23rd Dec 2024, – Emergency Dentist Perth announces the availability of rapid and reliable dental care services for residents of Perth. Located in Yokine, the clinic is designed to cater to patients requiring immediate attention for dental emergencies, providing essential services that address a range of urgent oral health issues. Operating seven days a week, including after-hours availability, the clinic offers a dependable solution for those in need of urgent dental treatment.
The importance of prompt care during a dental emergency cannot be overstated. Issues such as severe pain, chipped or broken teeth, infections, and the need for extractions often demand immediate intervention to prevent further complications. Emergency Dentist Perth is dedicated to meeting these needs efficiently and effectively, ensuring patient comfort and care remain priorities.
“Dental emergencies can be incredibly distressing, and timely care is critical in preventing more severe complications,” said Dr. Anand Ponnusamy, Principal Dentist at Emergency Dentist Perth. “Our focus is on delivering high-quality emergency care that alleviates pain, addresses urgent dental issues, and restores oral health as quickly as possible. By being available outside standard hours, Emergency Dentist Perth serves as an essential resource for the community.”
The facility is prepared to address dental emergencies, offering services ranging from acute pain management to procedures such as emergency extractions. Staffed by skilled dental professionals, the clinic is designed to ensure patients receive timely care without the prolonged wait times often associated with traditional dental appointments. Emergency Dentist Perth adopts an approach that addresses the specific needs of patients, acknowledging the urgency and challenges that can arise during dental emergencies.
In addition to providing immediate relief, the clinic prioritises education and prevention. Patients are guided on follow-up care and maintenance to reduce the risk of future dental emergencies. The combination of experience, a focus on patient needs, and service accessibility highlights Emergency Dentist Perth’s role in addressing dental emergencies effectively.
Looking ahead, Emergency Dentist Perth plans to continue expanding its services to ensure even greater accessibility to emergency dental care. The clinic’s vision includes incorporating advanced technology to enhance treatment outcomes and streamline processes, enabling faster diagnosis and care delivery.
“As the demand for reliable emergency dental services continues to grow, it is essential to adapt and innovate to meet these needs,” added Dr. Ponnusamy. “The future holds opportunities for integrating new technologies and techniques, which will allow us to provide even more efficient and effective care for our patients. The clinic aims to remain a reliable partner in oral health for the Perth community.”
Emergency Dentist Perth’s central location at Shop 6/201 Flinders Street, Yokine, ensures accessibility for residents across Perth. The clinic provides services to support individuals and families dealing with urgent dental needs, ensuring accessible and timely care for the community. The commitment to patient care and the availability of comprehensive emergency services underscore the clinic’s role in supporting the oral health needs of the community.
For more information about emergency dental Perth or to access emergency dental services, contact Emergency Dentist Perth at (08) 6119 9605 or via email at info@emergencydentistperth.com.au.
Media Contact
Organization: Emergency Dentist Perth
Contact
Person: Dr. Anand Ponnusamy
Website:
https://emergencydentistperth.com.au/
Email:
info@emergencydentistperth.com.au
Contact Number: 61861199605
Address:Shop 6/201 Flinders Street
Address 2: Yokine WA 6060
Country:Australia
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About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Treendale Pet Medical Provides Trusted and Reliable Veterinary Care in Australind
Australia, 23rd Dec 2024, – Treendale Pet Medical is dedicated to delivering dependable and compassionate veterinary care to the local community, offering a comprehensive range of services that cater to the diverse health needs of pets. Located at 109 The Blvd, the practice has established itself as a trusted resource for pet owners seeking professional and attentive care for their beloved animals.
Treendale Pet Medical offers a range of veterinary services, including health consultations, surgical procedures, dental treatments, and diagnostic tests. These services aim to address the various health needs of pets in the community. This holistic approach ensures that pets receive the highest standard of care in every stage of their lives. The facility is equipped with modern technology, allowing for accurate diagnoses and effective treatments tailored to individual patient needs.
Dr. Rob Hill, an experienced veterinarian and skilled surgeon at Treendale Pet Medical, emphasised the importance of the clinic’s commitment to reliability and compassion. “Pet owners in Australind deserve a veterinary service they can count on to prioritise their pets’ well-being,” said Dr. Hill. “Treendale Pet Medical is committed to delivering expert medical care in a supportive and understanding environment.”
The clinic’s team of veterinarians and support staff combines years of experience with a strong commitment to animal care. Each team member is committed to staying current with advancements in veterinary medicine through ongoing education and training. This dedication enables Treendale Pet Medical to offer innovative solutions for complex medical and surgical cases.
In addition to addressing acute medical issues, Preventive care is a key focus at Treendale Pet Medical, with regular assessments and wellness practices integrated into its services. Regular health assessments, vaccinations, and nutritional guidance are integral parts of the practice’s offerings, aimed at maintaining pets’ overall health and preventing potential illnesses. The clinic’s advanced diagnostics, including imaging and laboratory testing, play a critical role in early detection and management of health concerns.
Looking to the future, Treendale Pet Medical plans to introduce advanced diagnostic tools, expand specialist referral networks, and develop targeted wellness programs to address the evolving needs of pets in the community. Plans include integrating additional cutting-edge technologies and exploring partnerships with specialists to ensure that every pet receives the most comprehensive care possible.
“The landscape of veterinary medicine is constantly evolving, and it is crucial to remain ahead of the curve,” added Dr. Hill. “Treendale Pet Medical will continue enhancing its services to support the health and well-being of pets in Australind and surrounding areas.”
Treendale Pet Medical is conveniently located to serve the Australind community and beyond. The clinic’s focus on transparent communication and a personalised approach to care is reflected in the positive feedback from pet owners and their continued reliance on its services for routine and emergency veterinary needs.
For inquiries about Australind Vet, contact Treendale Pet Medical at +61 8 9796 1388 or via email at reception@treendalevet.com.au.
Media Contact
Organization: Treendale Pet Medical
Contact
Person: Dr Rob Hill
Email:
reception@treendalevet.com.au
Contact Number: 61897961388
Address:109 The Blvd
Address 2: Australind WA 6233
Country:Australia
The post Treendale Pet Medical Provides Trusted and Reliable Veterinary Care in Australind appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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