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Europe High Voltage Electric Capacitor Market Trends

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

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Europe High Voltage Electric Capacitor Market Trends

Increasing technological advancements across capacitors coupled with electric vehicle expansion is catering to adoption of high voltage electric capacitors across the region. Innovations in capacitor technology such as increased energy density, higher efficiency, and improved thermal performance are making high voltage capacitors more reliable and cost-effective. These advancements are driving their adoption across multiple sectors including utilities and transportation. In addition, the rapid growth of the EV market in the region is creating demand for robust charging infrastructure. High voltage capacitors play a critical role in power management for EV charging stations and electric drivetrains, contributing to the growth of this market.

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’s high voltage electric capacitor market is anticipated to surpass USD 200 million by 2032. This growth is driven by the country's focus on renewable energy, advanced manufacturing capabilities, and the development of innovative materials like conductive polymers and hybrid aluminum electrolytes that enhance capacitor performance.

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.