US Shunt Capacitor Market Growth highlights adoption in power grids.
The US Shunt Capacitor Market Growth is being propelled by several key factors. The primary driver is the increasing demand for energy efficiency and the need to reduce electricity bills by improving the power factor. This is particularly relevant for the industrial shunt capacitor demand America as many industrial loads, such as motors and transformers, can cause a low power factor.
The modernization of the US electrical grid, which includes upgrading aging infrastructure and integrating smart grid technologies, is also a significant catalyst. The increasing integration of renewable energy sources, which can introduce power quality issues, is creating a growing need for US grid voltage stabilization equipment, further fueling the market.
