South Korea Shunt Capacitor Market Size, Share, and COVID-19 Impact Analysis, By Voltage Rating (Low & Medium and High), By Application (Industrial, Utility, and Manufacturing), and South Korea Shunt Capacitor Market Insights, Industry Trend, Forecasts to 2035

South Korea Shunt Capacitor Market Insights Forecasts to 2035

• The South Korea Shunt Capacitor Market Size Was Estimated at USD 54.7 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.86% from 2025 to 2035
• The South Korea Shunt Capacitor Market Size is Expected to Reach USD 139.1 Million by 2035

According to a research report published by Spherical Insights and Consulting, The South Korea Shunt Capacitor Market Size is anticipated to reach USD 139.1 Million by 2035, growing at a CAGR of 8.86% from 2025 to 2035. Shunt capacitor use is being driven by the growing demand for electricity as well as the complexity of the grid. In transmission and distribution networks, these capacitors aid in lowering line losses, increasing power factor, and stabilizing voltage levels.

Market Overview

The shunt capacitor market is integral to enhancing power system efficiency by improving power factor correction and reducing energy losses. These capacitors are widely used across utilities, industrial sectors, and renewable energy installations to stabilize voltage and manage reactive power. Government initiatives promoting energy efficiency and grid modernization further bolster market growth. Technological advancements, including the development of smart shunt capacitors with real-time monitoring capabilities, present significant opportunities. High initial investment costs and limited awareness in certain regions may impede market expansion. Despite these challenges, the market is poised for growth, driven by the need for efficient and reliable power systems.

Report Coverage

This research report categorizes the market for South Korea shunt capacitor market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea shunt capacitor market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea shunt capacitor market.

Driving Factors                  

The shunt capacitor market is driven by the growing demand for improved power quality and energy efficiency in electrical systems. Increasing industrialization and urbanization drive the need for reliable electricity supply and voltage stabilization. Integration of renewable energy sources into power grids creates demand for reactive power compensation, boosting shunt capacitor adoption. Government regulations promoting energy conservation and grid modernization further accelerate growth. Additionally, advancements in capacitor technology, such as smart capacitors with enhanced monitoring, enhance performance and appeal, driving market expansion.

Restraining Factors        

High development and production costs make capacitors less accessible, especially for small-scale producers. This cost disparity arises from expensive raw materials, specialized manufacturing processes, and limited economies of scale. Additionally, the availability of raw materials for capacitor production can be inconsistent due to factors like seasonal agricultural yields and competition with food production. Performance limitations, such as reduced capacitance and shorter lifespan, also restrict the use of capacitors in certain applications.

Market Segmentation

The South Korea Shunt Capacitor Market share is classified into voltage rating and application.

• The inactivated segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea shunt capacitor market is segmented by voltage rating into low & medium and high. Among these, the inactivated segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The low and medium voltage shunt capacitor market is driven by the growing need for grid stability, power factor correction, and energy efficiency in the commercial, utility, and industrial sectors. Government programs encouraging energy conservation and smart grids, rising electricity demand, and deteriorating grid infrastructure all contribute to the market's expansions

• The industrial segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea shunt capacitor market is segmented by application into industrial, utility, and manufacturing. Among these, the industrial segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The market for industrial shunt capacitors is driven by the growing requirement for energy economy, voltage stabilization, and power factor correction in industrial applications. Increased power consumption as such of rapid industrialization, especially in emerging economies, calls for increased grid efficiency and decreased transmission losses.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea shunt capacitor 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 companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hyosung Heavy Industries
• Samsung Electro-Mechanics
• LG Innotek
• Samwha Capacitor Co., Ltd.
• TDK Electronics Korea Corporation
• Korea Engineering Plastics (KEP)
• Korea Electric Power Corporation (KEPCO)
• Hyundai Electric & Energy Systems
• Daewoo Engineering & Construction
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea shunt capacitor market based on the below-mentioned segments:

 South Korea Shunt Capacitor Market, By Voltage Rating

• Low & medium
• High

South Korea Shunt Capacitor Market, By Application

• Industrial
• Utility
• Manufacturing