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High Voltage Electric Capacitor Market Size

Report ID: GMI7315
Published Date: Oct 2024
Report Format: PDF

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High Voltage Electric Capacitor Market Size

The global high voltage electric capacitor market was valued at USD 4.3 billion in 2023 and is set to grow at a CAGR of over 5.1% from 2024 to 2032, owing to expanding presence across various electronic and electrical applications. These capacitors are increasingly preferred for their efficient electrical energy storage capabilities and versatility. The growing complexity, improved functionality, and integration of advanced microprocessors in numerous devices are driving the demand for higher capacitance.

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The number of electronic control units (ECUs) in vehicles has increased significantly as automobile electrification has advanced. High voltage electric capacitors used in these applications are engineered to be lightweight and compact. They are also designed to withstand vibrations, extreme temperatures, high currents, and voltages. Additionally, these capacitors maintain low resistance to minimize temperature rises during operation.

High Voltage Electric Capacitor Market Report Attributes
Report Attribute	Details
Base Year:	2023
High Voltage Electric Capacitor Market Size in 2023:	USD 4.3 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.1%
2032 Value Projection:	USD 6.6 Billion
Historical Data for:	2021 to 2023
No. of Pages:	130
Tables, Charts & Figures:	33
Segments covered:	Material, End Use, and Region
Growth Drivers:	Growing electrification across automotive industry Rising electric infrastructure spending Increasing demand & complexity of electronic products
Pitfalls & Challenges:	Shortage of Multilayer Chip Capacitors (MLCCs)

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Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The global market for high voltage ceramic capacitor was reached 4.3 billion in 2023 and is set to grow at a CAGR of over 5.1% from 2024 to 2032, driven by advantages such as enhanced stability, lower inductance, and cost-effectiveness.

The transmission & distribution high voltage electric capacitor market will grow at a CAGR of over 4.5% through 2032, fueled by power grid expansion, infrastructure modernization, and renewable energy integration.

The high voltage ceramic capacitor market is projected to surpass USD 3 billion by 2032, driven by its advantages such as enhanced stability, lower inductance, cost-effectiveness, and a wide capacitance range (1nF to 30µF), making it ideal for high temperature and frequency stability applications.

The U.S. high voltage electric capacitor industry is anticipated to exceed USD 900 million by 2032, driven by investments in grid modernization and renewable energy integration.

Key players in the industry include ABB, AVX, Cornell Dubilier, Elna, Havells, Kemet, Murata, Panasonic, Samsung Electro-Mechanics, Schneider Electric, Siemens, Taiyo Yuden, TDK, and Vishay.