The global capacitor bank market was valued at US$ 3.6 Bn in 2023, and it is projected to expand steadily at a CAGR of 4.1% from 2024 to 2034, reaching US$ 5.5 Bn by the end of the forecast period. This growth is underpinned by rapid renewable energy adoption and the pressing need to modernize aging electrical grid infrastructure. https://www.transparencymarketresearch.com/capacitor-bank-market.html