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Transmission & Distribution Electric Capacitor Market Trends

Report ID: GMI10489
Published Date: Jul 2024
Report Format: PDF

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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 High-quality capacitors are essential for replacing outdated equipment and enhancing grid performance through better voltage stability and reduced transmission losses.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of transmission & distribution electric capacitor reached USD 11.4 billion in 2023 and will grow at 6.3% CAGR through 2032, due to rising energy demand & grid expansion.

The high voltage segment in the transmission & distribution electric capacitor industry is expected to grow at over 6% CAGR during 2024-2032, driven by the shift towards renewable energy sources, such as wind and solar power.

Asia Pacific market is anticipated to exceed USD 7 billion by 2032, owing to the robust electronics manufacturing base.

ABB, Cornell Dubilier, ELNA CO., LTD., Havells India Ltd., KEMET Corporation, KYOCERA AVX Components Corporation, Murata Manufacturing Co., Ltd., Panasonic Corporation, and SAMSUNG ELECTRO-MECHANICS.