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Europe High Voltage Electric Capacitor Market Size

Report ID: GMI11507
Published Date: Sep 2024
Report Format: PDF

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Europe High Voltage Electric Capacitor Market Size

Europe High Voltage Electric Capacitor Market was estimated at USD 1.2 billion in 2023 and is set to expand at a CAGR of 4.2% between 2024 and 2032.

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Increasing shift towards energy transition & electrification along with rising grid modernization initiatives across the region is fuelling the market growth. These capacitors help manage voltage fluctuations and ensure efficient energy storage and transmission across Europe’s expanding renewable energy grid. Aging power grids across Europe require modernization to handle the increasing power demand, especially from renewable energy sources and electric vehicle (EV) infrastructure. High voltage capacitors are essential components for enhancing grid reliability, stability, and performance, driving significant product demand in the market.

Europe High Voltage Electric Capacitor Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe High Voltage Electric Capacitor Market Size in 2023:	USD 1.2 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.2%
2032 Value Projection:	USD 1.7 Billion
Historical Data for:	2021 - 2023
No. of Pages:	95
Tables, Charts & Figures:	12
Segments covered:	Material, End use, & Country
Growth Drivers:	Rising growth across automotive electronics Increasing grid modernization projects
Pitfalls & Challenges:	Supply chain disruptions

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Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The Europe high voltage electric capacitor market was estimated at USD 1.2 billion in 2023 and is expected to grow at a CAGR of 4.2% from 2023 to 2032, fueled by the shift toward electrification, grid modernization, and the expansion of renewable energy infrastructure.

The ceramic high voltage electric capacitor industry is projected to surpass USD 800 million by 2032, owing to the rising demand for capacitors that offer high reliability, superior temperature stability, and compact designs, particularly in automotive and telecommunications sectors.

The transmission & distribution industry is a key driver for high voltage electric capacitors, projected to grow by 3.5% by 2032. This growth is driven by the increasing global population and the rising need for continuous and efficient power supply to support industrial and commercial demand.

Germany

Some of the key industry participants in the Europe high voltage electric capacitor market include ABB, Siemens, Schneider Electric, Panasonic, Samsung Electro-Mechanics, Murata Manufacturing, TDK, Vishay Intertechnology, KEMET, and Kyocera AVX Components.