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Automotive High Voltage Electric Capacitor Market Analysis

Report ID: GMI11413
Published Date: Sep 2024
Report Format: PDF

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Automotive High Voltage Electric Capacitor Market Analysis

Automotive High Voltage Electric Capacitor Market, By Polarization, 2022 - 2032, (USD Million)

Based on polarization, the market is segmented into polarized & non-polarized. The non-polarized industry is projected to surpass USD 795 million by 2032. The increasing number and complexity of digital devices in vehicles coupled with advancements in their functionality and processing speed are showcasing significantly higher performance levels. This trend is driving the adoption of non-polarized capacitors, which offer faster response times compared to their counterparts, making them ideal for high-speed and advanced applications.

Automotive High Voltage Electric Capacitor Market Share, By Material, 2023

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Based on material, the market is divided into film capacitors, ceramic capacitors, electrolytic capacitors, among others, where ceramic based capacitors industry is projected to grow by 5.5% till 2032. These capacitors provide a capacitance range from 1pF to 100µF and are available in two main types: ceramic disc and Multilayer Ceramic Capacitors (MLCC). Current trends emphasizing improved connectivity, mobility, and reliability across industrial, consumer, and military electronics are driving the evolution of this technology, leading to future advancements.

Asia Pacific Automotive High Voltage Electric Capacitor Market, 2022 - 2032, (USD Million)

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Asia Pacific automotive high voltage electric capacitor market is anticipated to surpass USD 386 million by 2032. The shift from lower-middle to higher-middle-class populations in key economies like China, India, Japan, and South Korea is boosting consumer spending. This change in consumption patterns toward discretionary items is boosting growth into automobile sector, thereby directly increasing the demand for capacitors.

In the U.S., the automotive high-voltage electric capacitor market is experiencing growth driven by the rapid expansion of electric vehicle (EV) adoption and advancements in energy storage systems. Increased investment in EV infrastructure along with government incentives promoting sustainable transportation is fuelling demand for high-performance capacitors.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Automotive high voltage electric capacitor industry size was valued USD 593.7 million in 2023 and will grow at a 5.7% CAGR between 2024 and 2032, fueled by increasing adoption of hybrid and electric vehicles, coupled with stringent environmental regulations aimed at reducing emissions.

The ceramic based capacitors segment will grow at 5.5% CAGR through 2032, driven by their superior properties such as high thermal stability, excellent dielectric performance, and compact size.

Asia Pacific automotive high voltage electric capacitor industry will surpass USD 386 million by 2032, attributed to its robust automotive manufacturing sector and rapid growth in electric vehicle adoption.

Major manufacturers operating in the automotive high voltage electric capacitor industry are ABB, Cornell Dubilier, ELNA CO., LTD, Havells India Ltd., KEMET Corporation, KYOCERA AVX Components Corporation, Murata Manufacturing Co., Ltd., Panasonic Corporation, SAMSUNG ELECTRO-MECHANICS, and Schneider Electric, among others.