Transmission & Distribution Electric Capacitor Market Size - By Material (Film capacitors, Ceramic capacitors, Electrolytic capacitors), By Polarization (Polarized, Non-Polarized), By Voltage (Low, Medium, High) & Forecast, 2024 – 2032

Transmission & Distribution Electric Capacitor Market Size

Transmission & Distribution Electric Capacitor Market size was valued at USD 11.4 billion in 2023 and is projected to grow at a rate of 6.3% between 2024 and 2032. Rising energy demand & grid expansion along with increasing concern towards modernization of aging electrical infrastructure will increase the deployment of market growth. The global demand for electricity continues to rise due to population growth, industrialization, and the proliferation of electronic devices. As a result, there is a continuous need to expand and upgrade T&D networks to ensure reliable and efficient delivery of power.
 

The expansion of the grid necessitates the integration of advanced capacitor technologies to enhance voltage regulation, power factor correction, and reactive power management. Capacitors play a crucial role in maintaining the stability and efficiency of the grid, making them indispensable in meeting the growing energy demands. As countries invest in expanding their T&D infrastructure to cater to both urban and rural areas, the demand for electric capacitors is expected to grow significantly.
 

Transmission & Distribution Electric Capacitor Market Trends

Existing T&D networks, particularly in developed regions, are based on aging infrastructure that requires modernization to handle the current and future demands of the power grid. The modernization efforts often involve upgrading traditional grid components with advanced technologies, including capacitors, to improve the overall efficiency and reliability of the system. High-quality capacitors are essential for replacing outdated equipment and enhancing grid performance through better voltage stability and reduced transmission losses.
 

Transmission & Distribution Electric Capacitor Market Analysis

Based on material, the market is segmented into film capacitors ceramic capacitors, electrolytic capacitors, and others. The film capacitor industry is anticipated to exceed over USD 6.2 billion by 2032. Advancements in dielectric materials and electrolytes, coupled with improved manufacturing techniques, are resulting in capacitors with higher capacitance, enhanced temperature stability, and longer operational life.
 

Based on voltage the market is segmented into low, medium, & high. The high voltage transmission & distribution electric capacitor market is expected to expand at over 6% through 2032. The global shift towards renewable energy sources, such as wind and solar power, is transforming the energy landscape. These renewable sources are often intermittent and require efficient management of reactive power to maintain grid stability, thereby increasing the product demand.
 

The Asia Pacific transmission & distribution electric capacitor market is anticipated to grow over USD 7 billion by 2032. The region's robust electronics manufacturing base, notably in China, Japan, and South Korea, is propelling its growth. Moreover, the industrial sectors promoting the manufacturing of T&D equipment’s in the region are experiencing notable expansion, further enhancing the business landscape.
 

The U.S. market is propelled by technological advancements, a high demand for consumer electronics, and strong automotive and industrial sectors. These factors create a dynamic environment where innovation is crucial. Rapid technological changes drive the need for continuous development and adaptation, as existing products quickly become outdated. This constant evolution fuels a cycle of innovation, pushing companies to enhance product performance, integrate new features, and improve efficiency.
 

Transmission & Distribution Electric Capacitor Market Share

Key market players such as ABB, Siemens, Schneider Electric, Panasonic Corporation, and Murata Manufacturing Co., Ltd., are at the forefront of the industry. These companies have consistently focused on producing top-tier capacitors with enhanced capacitance. Moreover, they've underscored technical advancements, on-time deliveries, and competitive pricing as pivotal strategies to fortify their market standing.
 

Transmission & Distribution Electric Capacitor Market Companies

Some of the key market players operating across the transmission & distribution electric capacitor industry are:

• ABB
• Cornell Dubilier
• ELNA CO., LTD.
• Havells India Ltd.
• KEMET Corporation
• KYOCERA AVX Components Corporation
• Murata Manufacturing Co., Ltd.
• Panasonic Corporation
• SAMSUNG ELECTRO-MECHANICS
• Schneider Electric
• Siemens
• TAIYO YUDEN CO., LTD.
• TDK Corporation
• Vishay Intertechnology, Inc.
• WIMA GmbH & Co. KG
• Xuansn Capacitor
   

Transmission & Distribution Electric Capacitor Industry News

• In March 2024, Schneider Electric announced a USD 140 million investment to expand its manufacturing capabilities in the U.S. to support critical infrastructure, industries, and data center demand. This investment will boost the production of electric capacitors, thereby driving market growth.
   
• In April 2024, TDK Corporation launched the new EPCOS B43659 series of snap-in aluminum electrolytic capacitors. These next-generation, ultra-compact components are designed for 450 V (DC) applications and boast a high CV product. This product launch will enhance TDK's market positioning and contribute to overall market growth.
   

The transmission & distribution electric capacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Thousand Units & ‘USD Million’ from 2021 to 2032, for the following segments:

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Market, By Material

• Film capacitors
• Ceramic capacitors
• Electrolytic capacitors
• Others

Market, By Polarization

• Polarized
• Non-Polarized

Market, By Voltage

• Low
• Medium
• High

The above information has been provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
  • Mexico 
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Austria 
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa 
• Latin America
  • Brazil
  • Argentina