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Automotive High Voltage Electric Capacitor Market Trends

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

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Automotive High Voltage Electric Capacitor Market Trends

Increased focus towards fuel efficiency along with rapid growth in automotive electronics are the major driver of the market growth. Automakers are adopting electric capacitors in both EVs and internal combustion engine (ICE) vehicles to improve fuel efficiency. Capacitors enable efficient energy regeneration in hybrid vehicles and help reduce engine load, supporting stricter emission regulations and sustainability goals. In addition, the rising incorporation of infotainment systems, safety features like advanced driver-assistance systems (ADAS), and connectivity solutions in vehicles increases the need for high-quality capacitors. As automotive electronics become more sophisticated, the demand for electric capacitors continues to rise.

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.