Status analysis

According to marketing research by ZDDQ(ANHUI ZHONGDIAN ELECTRC CO., LTD.). To reduce energy consumption and increase energy efficiency, many facility management executives are looking to renewable energy sources, such as solar or wind, to offset reliance on traditional electric power. Despite the growing prevalence of these solutions, there are drawbacks that can make alternative energy impractical for some, notably the significant upfront costs required to implement such a solution.

Another less expensive and more practical alternative is power factor correction, which makes existing utility electricity more efficient and delivers energy reductions of 10% or more. Power factor correction also offers significant environmental benefits on par with many renewable solutions.

• The demand for high voltage capacitor bank is surging across industrial and power substations on account of increasing electricity requirement and to mitigate the harmonics majorly due to non-linear loads.
• The rising investments towards the refurbishments & retrofitting of existing grid infrastructure are some of the major factors contributing to the industry growth.
• Rapid urbanization and industrialization across Asia Pacific region will significantly drive the demand for efficient power factor conversion equipment including capacitor banks.
• Rising technological advancements to enhance power factor regulation for uninterrupted power supply will augment the industry outlook.

Optimize power factor correction can be enhanced by adopting certain measures:

1. Automatic capacitor banks provide the most economic benefit for low voltage loads
2. Installing automatic low voltage capacitor banks set to a power factor greater than the minimum to avoid reactive power fees, allows for full compensations without risk of overcompensation.
3. The use of capacitor banks even during periods when there is no charge for reactive energy can affect additional benefits in power factor correction systems.
4. To better manage large sites with multiple transformers, facility managers should consider devices for capacitor bank monitoring and control with built-in communications capabilities.

Conclusion

Major players operating across the capacitor bank industry include ABB Limited, Siemens AG, General Electric, Eaton Corporation, ZDDQ Electric and Schneider Electric amongst others. They have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.