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Low Voltage Electric Capacitor Market Size

Report ID: GMI6164
Published Date: Dec 2024
Report Format: PDF

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Low Voltage Electric Capacitor Market Size

The global low voltage electric capacitor market was valued at USD 9.2 billion in 2024 and is estimated to grow at a CAGR of 8.4% from 2025 to 2034, driven by advancements in industrial automation, renewable energy integration, and the rising demand for energy-efficient electrical systems. As industries increasingly adopt automation and smart grid technologies, the need for low voltage capacitors to enhance power factor correction and reduce energy losses has surged, thereby complementing the market growth.

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The proliferation of renewable energy projects, particularly solar and wind power has amplified the market’s momentum as low voltage capacitors are vital for maintaining grid stability in fluctuating power supply scenarios. Moreover, rapid urbanization and the expansion of residential and commercial infrastructure in emerging economies are fueling demand for capacitors in HVAC systems, lighting solutions, and motor drives.

Low Voltage Electric Capacitor Market Report Attributes
Report Attribute	Details
Base Year:	2024
Low Voltage Electric Capacitor Market Size in 2024:	USD 9.2 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	8.4%
2025 – 2034 Value Projection:	USD 20.3 Billion
Historical Data for:	2021 – 2024
No. of Pages:	120
Tables, Charts & Figures:	35
Segments covered:	Material, end Use, and region
Growth Drivers:	Growing electrification of automotive industry Rising electric infrastructure spending Increasing demand for & complexity of electronic products
Pitfalls & Challenges:	Supply chain constraints

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Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The global market for low voltage electric capacitor was reached USD 9.2 billion in 2024 and is projected to grow at a CAGR of 8.4% from 2025 to 2034, driven by advancements in industrial automation and renewable energy integration.

The ceramic low voltage electric capacitor market is expected to exceed USD 7.2 billion by 2034, due to their reliability, compact size, and cost-effectiveness, making them ideal for high-frequency and high-temperature applications.

The consumer electronics segment is anticipated to grow at a CAGR of over 8.2% through 2034, fueled by rising demand for capacitors in smartphones, portable computing, and automotive applications.

The U.S. low voltage electric capacitor market is set to surpass USD 3 billion by 2034, propelled by investments in renewable energy projects, energy-efficient infrastructure, and the expansion of EV charging networks.

Key players in the market include ABB, Cornell Dubilier, Elna, Havells India, Kemet, Kyocera AVX Components, Murata Manufacturing, Panasonic, Samsung Electro-Mechanics, Schneider Electric, Siemens, Taiyo Yuden, TDK, Vishay Intertechnology, Wima, and Xuansn Capacitor.