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Asia Pacific High Voltage Electric Capacitor Market Trends

Report ID: GMI10652
Published Date: Aug 2024
Report Format: PDF

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Asia Pacific High Voltage Electric Capacitor Market Trends

The regional power sector is experiencing a surge in capacitor usage owing to substantial investments in energy grids driven by expanding demand for electricity in the developing countries. High voltage capacitors enhance the quality, efficiency, and performance of electrical systems while minimizing power losses. This improvement in efficiency not only reduces environmental impact but also drives the anticipated substantial growth in their adoption over the forecast period. In addition, the digital economy has introduced complexities in electronic devices including televisions, smartphones, security systems, refrigerators, and electric vehicles. The increasing functionalities of these devices have heightened the demand for superior storage solutions, propelling the growth of the high voltage electric capacitor market.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Asia Pacific market for high voltage electric capacitor was worth over USD 1.6 billion in 2023 and is expected to register 6.1% CAGR from 2024 to 2032, owing to the rising complexity, enhanced functionality, and integration of state-of-the-art microprocessors in various devices in the region.

Asia Pacific high voltage electric capacitor industry from the ceramic capacitors segment is expected to reach over 1.3 billion by 2032, due to increasing demand in power grids, renewable energy systems, and cutting-edge electronics.

China high voltage electric capacitor industry is expected to surpass USD 950 million by 2032, due to the country's robust economic conditions, accelerating investment for development of power networks, and supportive government policies.

ABB, Panasonic Corporation, SAMSUNG ELECTRO-MECHANICS, Schneider Electric, Siemens, TAIYO YUDEN CO., LTD., TDK Corporation, Vishay Intertechnology, Inc., WIMA GmbH & Co., and Xuansn Electronic, are some of the major high voltage electric capacitor companies in Asia Pacific.