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High Voltage Electric Capacitor Market Trends

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

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High Voltage Electric Capacitor Market Trends

The electric capacitor market is growing driven by demand from automotive, consumer electronics, telecommunications, industrial manufacturing, and renewable energy sectors. These industries use capacitors for energy storage, power factor correction, and noise reduction. As devices shrink and require higher capacitance, manufacturers are developing smaller, more efficient capacitors. This trend is particularly evident in portable electronics and automotive applications, spurring market expansion.

In addition, the power sector is witnessing increased use of capacitors due to rising investments in power grids which in turn is being driven by the growing global need for electricity. Power capacitors improve electrical system quality and efficiency while reducing power losses, which helps minimize environmental impact. As a result, power capacitor adoption is expected to grow significantly in the years to come.

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.