In this paper, an efficient multipaction analysis method of a manifold multiplexer for satellite applications is presented. While FEM(Finite Element Method) is used for the multipaction analysis of the lowpass filter, the equivalent circuit model is used for the analysis of the channel filters and the manifold. Employing equivalent circuit model for multipaction analysis takes less time than using EM(Electromagnetic) field analysis method while keeping the accuracy of the multipaction analysis. This present analysis method is applied to the manifold multiplexer for Ka-band satellite transponders and the results show that the present method is as accurate as the conventional EM field analysis method.