インドのコンデンサーバンク市場：設計タイプ別、機能タイプ別、定格電圧別、設置タイプ別、エンドユーザー別、地域別、機会、予測、2018年～2032年

インドのコンデンサーバンクの市場規模は、予測期間2025年～2032年に5.30%のCAGRで拡大し、2024年の2億1,236万米ドルから2032年には3億2,100万米ドルに成長すると予測されています。インドのコンデンサーバンク市場は、電力インフラ強化への取り組みと工業化の進展に牽引され、ここ数年著しい成長を遂げています。この分野も今後数年間は高い成長率で拡大すると予測されています。さらに、産業用および商業用途における無効電力補償と力率補正のニーズの高まりが、コンデンサーバンクの需要を押し上げています。これらの分野で使用される重機械や誘導負荷は安定した電力供給を必要とし、市場の成長をさらに促進しています。

インドの大規模データセンターへの投資計画も、商業セクターにおけるコンデンサーバンクの需要を促進しています。これらのシステムは、損失を最小限に抑え、エネルギー効率を最大化することで配電を改善し、最新のインフラにとって不可欠なものとなっています。さらに、再生可能エネルギー源のグリッドへの統合が進んでおり、エンドユーザーへの一貫したエネルギーフローの維持に役立つため、コンデンサーバンクの需要が高まっています。

例えば、2024年10月、電力省は2032年までにインドの再生可能トランスミッション・インフラとエネルギー・グリッド容量を拡大するという目標を発表しました。政府は、最大500GWの再生可能電力容量を構築するため、約1,090億米ドルの投資を検討しています。この開発により、公益事業部門におけるコンデンサーバンクの需要が増加し、再生可能エネルギー分野での需要が高まります。

さらに、インド政府は、配電部門刷新計画（Revamped Distribution Sector Scheme）、統合電力開発計画（Integrated Power Development Scheme（IPDS））、グリーンエネルギー回廊プログラム（Green Energy Corridors program）などの取り組みを含む、送電網インフラのアップグレードへの投資を通じて、電力部門の近代化を進めています。こうした取り組みが、市場におけるコンデンサーバンクの需要を促進しています。さらに、送電インフラを改善し、再生可能エネルギー源を送電網に統合する国の計画は、コンデンサーバンクに大きな機会をもたらしています。

当レポートでは、インドのコンデンサーバンク市場について調査し、市場の概要とともに、設計タイプ別、機能タイプ別、定格電圧別、設置タイプ別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 インドのコンデンサーバンク市場の見通し、2018年～2032年

• 市場規模の分析と予測
• 市場シェア分析と予測
• 市場マップ分析、2024年
  • 設計タイプ別
  • 機能タイプ別
  • 定格電圧別
  • 設置タイプ別
  • エンドユーザー別
  • 地域別

第6章 ポーターのファイブフォース分析

第7章 PESTLE分析

第8章 市場力学

第9章 市場の動向と発展

第10章 競合情勢

• 市場リーダートップ5の競合マトリックス
• 参入企業トップ5のSWOT分析
• 市場の主要企業トップ10の情勢
  • ABB India Limited
  • Schneider Electric India Private Limited
  • Universal Cables Limited
  • Datsons Electronics Pvt. Ltd.
  • YashEnergy Capacitors Pvt. Ltd.
  • E-Cube Energy Infra Services Pvt. Ltd.
  • Shreem Electric Limited
  • Jaivic Electromech Engineering Pvt. Ltd.
  • GE Vernova T&D India Limited
  • Siemens Limited

第11章 戦略的提言

第12章 調査会社について・免責事項

List of Tables

• Table 1. Competition Matrix of Top 5 Market Leaders
• Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Capacitor Banks Market, By Value, In USD Million, FY2018-FY2032F
• Figure 2. India Capacitor Banks Market Share (%), By Design Type, FY2018-FY2032F
• Figure 3. India Capacitor Banks Market Share (%), By Function Type, FY2018-FY2032F
• Figure 4. India Capacitor Banks Market Share (%), By Voltage Rating, FY2018-FY2032F
• Figure 5. India Capacitor Banks Market Share (%), By Installation Type, FY2018-FY2032F
• Figure 6. India Capacitor Banks Market Share (%), By End-user, FY2018-FY2032F
• Figure 7. India Capacitor Banks Market Share (%), By Region, FY2018-FY2032F
• Figure 8. By Design Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 9. By Function Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 10. By Voltage Rating Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 11. By Installation Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 12. By End-user Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 13. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024

India capacitor banks market is projected to witness a CAGR of 5.30% during the forecast period FY2025- FY2032F, growing from USD 212.36 million in FY2024 to USD 321 million in FY2032. The Indian capacitor banks market has witnessed remarkable growth over the last few years, driven by efforts to enhance power infrastructure and growing industrialization. This sector is also projected to expand at a high growth rate in the coming years. Furthermore, the increasing need for reactive power compensation and power factor correction in industrial and commercial applications is boosting demand for capacitor banks. Heavy machinery and inductive loads used in these sectors require stable power supplies, further driving market growth.

India's plans to invest in large-scale data centres are also fuelling demand for capacitor banks in the commercial sector. These systems improve power distribution by minimizing losses and maximizing energy efficiency, making them critical for modern infrastructure. Additionally, the rising integration of renewable energy sources into the grid is creating demand for capacitor banks, as they help maintain consistent energy flow to end users.

For instance, in October 2024, the power ministry announced the goal of expanding India's renewable transmission infrastructure and energy grid capacity by 2032. The government is looking to invest around USD 109 billion to build the capacity for up to 500 GWs of renewable power. This development will increase the demand for capacitor banks in the utility sector, which drives its demand in the renewable energy sector.

In addition, the Indian government is modernizing the power sector through investments in grid infrastructure upgrades, including initiatives such as the Revamped Distribution Sector Scheme, the Integrated Power Development Scheme (IPDS), and the Green Energy Corridors program. These efforts are driving demand for capacitor banks in the market. Furthermore, the nation's plans to improve transmission infrastructure and integrate renewable energy sources into the grid are creating significant opportunities for capacitor banks.

Rapid Urbanization and Industrialization Augmenting the Market Growth

India is investing heavily in infrastructure to support rapid urbanization. The development of households, commercial buildings, offices, shopping malls, and industries is driving higher electricity demand, which in turn fuels the need for capacitor banks. Urban areas, in particular, face heightened electricity consumption due to the increased adoption of electrical equipment across residential, commercial, and industrial sectors. Rapid urbanization also demands more reliable electricity supplies, driving the installation of capacitor banks to ensure stable and adequate power distribution. Capacitor banks are essential for improving power quality, reducing energy losses, and stabilizing voltage levels in both industrial and urban power grids, thereby boosting their demand.

Furthermore, capacitor banks play a crucial role in regulating voltage levels to ensure efficient and reliable transmission of electricity from utility plants to end-users. The utility sector is prioritizing urban development strategies, such as the establishment of smart cities and energy-efficient buildings, which require advanced smart grid systems. Capacitor banks are integral to these smart grids, as they manage power distribution and storage demands for smart city infrastructure. This trend is further accelerating the demand for robust capacitor bank solutions.

For instance, in December 2024, the power ministry decided to introduce the National Electricity Plan (NEP) for 2023-32. The NEP outlines an investment of around USD 10.48 billion to address the growing demand for enhancing and expanding transmission systems, both at the central as well as state levels. This development highlights that the government is investing in the expansion of Transmission and Distribution systems, which drives the demand for capacitor banks in the market.

Government Support and Investments in Electrification Projects Create Market Opportunity

The Indian government is prioritizing a stable electricity supply, driving investments in grid expansion, modernization, and renewable energy integration. These initiatives are creating significant opportunities for capacitor banks in the market. To address rural electrification and strengthen power infrastructure, the government has introduced key schemes such as the Revamped Distribution Sector Scheme, the Integrated Power Development Scheme (IPDS), the National Electricity Fund (NEF), and the Green Energy Corridors program. These policies aim to improve electrification rates and upgrade transmission infrastructure, thereby boosting demand for capacitor banks. Additionally, electrification efforts in the transportation sector, including railways and electric vehicles, are increasing the need for reliable voltage regulation systems, further propelling the market growth.

Government-led rural electrification programs, such as the Saubhagya Scheme and the Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY), have expanded electricity access to remote and underserved regions. By strengthening rural power infrastructure, these initiatives are directly driving demand for capacitor banks. Moreover, ongoing developments are expected to generate substantial market growth prospects for capacitor banks in the coming years.

For instance, in February 2022, the Government of India approved a new project of around USD 4.12 billion under the Integrated Power Development Program (IPDP). The program was launched in 2014 with a focus on strengthening sub-transmission and distribution networks in urban areas of the country, along with metering of transformers, feeders, and consumers in urban areas. This development highlights the government's initiative to drive the demand for capacitor banks in the country.

Fuse Less Capacitor Design is Expected to be the Fastest Growing among Design Type

Fuse-less capacitor banks are gaining popularity in the Indian market due to their enhanced reliability. Compared to fused systems, fuse-free capacitor banks usually require less initial investment, which drives their demand in the market. Fuse-less capacitor banks require fewer components and related hardware, contributing to their market growth. Furthermore, fuse-less capacitor banks offer increased safety by reducing the risk of fuse-related malfunctions, such as overheating or explosions, encouraging their adoption in various applications and boosting their market share.

Fuse-less capacitor banks are compact and modular in design which allows for easier installation and scalability. Furthermore, the country's rapidly growing power sector and rising investment in the distribution sector create a market opportunity for fuse-less capacitor banks to grow in the forecast period. The higher efficiency and longer lifespan make fuse-less a cost-effective choice for power factor correction and reactive power compensation, aligning with India's focus on energy efficiency and sustainable power solutions.

West and Central Region Leads the India Capacitor Banks Market

The west and central regions dominated the capacitor bank market with the highest market share. These regions include states that invest heavily in renewable energy sources and exhibit significant population growth alongside high urbanization rates, both of which propel demand for capacitor banks. Regional governments are prioritizing infrastructure upgrades, further driving market demand. Additionally, the modernization of power infrastructure to ensure reliability continues to stimulate capacitor bank adoption in the utility sector.

Further, Gujarat and Maharashtra are focusing on expanding commercial and manufacturing sectors, which in turn boosts demand for capacitor banks. Furthermore, the growing emphasis on rural electrification and the shift toward renewable energy generation are expected to be key drivers of market growth during the forecast period.

For instance, in January 2025, Essar Renewables Ltd (ERL) signed a Memorandum of Understanding (MoU) with the Government of Maharashtra at the World Economic Forum (WEF) in Davos. The MoU states that the company will invest around USD 915 million to develop 2 GW of renewable energy capacity for its green mobility initiative in the Maharashtra states. This development highlights that companies are investing in renewable energy generation, which will drive the demand for capacitor banks in the market.

Future Market Scenario (FY2025 - FY2032F)

Rising government policies for promoting infrastructure development and electrification are set to boost the demand for capacitor banks in the country.

The push towards smart grid technologies is another significant trend that drives the demand for efficient capacitor banks in the market.

Integration of renewable energy sources in large-scale industrial applications creates the opportunity for capacitor bank market growth in coming years.

Key Players Landscape and Outlook

To maintain a competitive edge in the capacitor banks market, manufacturers are employing several key strategies such as product innovation and investing in R&D to develop advanced technologies offering higher power ratings, improved efficiency, and enhanced performance. Players are looking to enter strategic partnerships and expansion to enter new geographic regions to increase their market reach and secure a competitive advantage. Moreover, manufacturers focus on securing raw materials and enhancing product portfolios to sustain growth in the coming years. Players are emphasizing product quality, pricing strategies, and customer relationships to strengthen their market position. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in November 2024, Siemens Limited approved an additional investment of USD 12 Million at the Kalwa plant, to enable the expansion of the product range to include large reactors, capacitor banks, and other electrical components. The new investment follows the USD 43 million investment announced last year in November 2023. This development highlights the company's focus on increasing its capacity, which will help it to grow in the Indian market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographics
• 4.2. Factors Considered in Purchase Decisions
  • 4.2.1. Grid Stability and Power Quality Issues
  • 4.2.2. Maintenance and Operational Challenges
  • 4.2.3. Installation Costs
  • 4.2.4. Price and Brand

5. India Capacitor Banks Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Design Type
    • 5.2.1.1. Internally Fused
    • 5.2.1.2. Externally Fused
    • 5.2.1.3. Fuse Less
  • 5.2.2. By Function Type
    • 5.2.2.1. Shunt Capacitor Banks
    • 5.2.2.2. Series Capacitor Banks
    • 5.2.2.3. Fixed Capacitor Banks
    • 5.2.2.4. Automatic Capacitor Banks
  • 5.2.3. By Voltage Rating
    • 5.2.3.1. Low
    • 5.2.3.2. Medium
    • 5.2.3.3. High
  • 5.2.4. By Installation Type
    • 5.2.4.1. Pole Mounted
    • 5.2.4.2. Open Air Substation
    • 5.2.4.3. Metal Enclosed Substation
    • 5.2.4.4. Others
  • 5.2.5. By End-user
    • 5.2.5.1. Industrial
    • 5.2.5.2. Utility
    • 5.2.5.3. Commercial
    • 5.2.5.4. Others
  • 5.2.6. By Region
    • 5.2.6.1. North
    • 5.2.6.2. South
    • 5.2.6.3. East
    • 5.2.6.4. West and Central
  • 5.2.7. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By Design Type
  • 5.3.2. By Function Type
  • 5.3.3. By Voltage Rating
  • 5.3.4. By Installation Type
  • 5.3.5. By End-user
  • 5.3.6. By Region

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Competitive Landscape

• 10.1. Competition Matrix of Top 5 Market Leaders
• 10.2. SWOT Analysis for Top 5 Players
• 10.3. Key Players Landscape for Top 10 Market Players
  • 10.3.1. ABB India Limited
    • 10.3.1.1. Company Details
    • 10.3.1.2. Key Management Personnel
    • 10.3.1.3. Products and Services
    • 10.3.1.4. Financials (As Reported)
    • 10.3.1.5. Key Market Focus and Geographical Presence
    • 10.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 10.3.2. Schneider Electric India Private Limited
  • 10.3.3. Universal Cables Limited
  • 10.3.4. Datsons Electronics Pvt. Ltd.
  • 10.3.5. YashEnergy Capacitors Pvt. Ltd.
  • 10.3.6. E-Cube Energy Infra Services Pvt. Ltd.
  • 10.3.7. Shreem Electric Limited
  • 10.3.8. Jaivic Electromech Engineering Pvt. Ltd.
  • 10.3.9. GE Vernova T&D India Limited
  • 10.3.10. Siemens Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

11. Strategic Recommendations

12. About Us and Disclaimer