Europe High Voltage Electric Capacitor Market Size - By Material, By End use, Growth Forecast, 2025 - 2034

Europe High Voltage Electric Capacitor Market Size

According to a recent study by Global Market Insights Inc., the Europe high voltage electric capacitor market was estimated at USD 1.24 billion in 2024. The market is expected to grow from USD 1.27 billion in 2025 to USD 1.91 billion in 2034, at a CAGR of 4.6%.

• Rising strategic industrial electrification initiatives coupled with increasing grid modernization & cross-zonal electricity trade is augmenting the industry landscape. Europe’s push for industrial electrification is driving demand for high voltage capacitors, particularly in sectors transitioning from fossil-fuel-based heating to electric alternatives.
   
• Capacitors play a vital role in power factor correction and voltage stabilization in electric heating systems, induction furnaces, and microwave processing units. For instance, in October 2025, the UK government through ‘Make UK’ initiative announced that manufacturers are planning to invest in sustainability areas over the next five years. In total, 50% of manufacturers are focusing on renewable energy, while more than one-third are in digitalization.
   
• The modernization of Europe’s electricity grid, including the integration of cross-zonal trade mechanisms, is increasing the need for capacitors to manage reactive power and mitigate voltage fluctuations. Capacitors are essential in enhancing grid stability and reducing congestion costs.
   
• As per European Union Agency for the Cooperation of Energy Regulators (ACER) 2025 Monitoring Report, EU TSOs spent over USD 4.3 billion on remedial actions to manage grid congestion in 2024. The report recommends investing in grid-enhancing technologies, including capacitors, to meet the 70% cross-zonal capacity requirement, thereby adding to the industry growth across the region.
   
• Rapid transition of the region toward a dynamics electricity market is further bolstering the industry outlook. The shift from hourly to 15-minute trading intervals in Europe’s day-ahead electricity markets demands more responsive grid infrastructure. Capacitors are critical in balancing supply-demand fluctuations and supporting the integration of intermittent renewable energy sources.
   
• Rising investments towards the expansion of electric vehicle infrastructure along with strategic technologies investment via Strategic Technologies for Europe Platform (STEP) is increasing the product demand across the industrial sector in the region, which in turn is bolstering market growth.
   
• The rapid deployment of EV charging infrastructure across Europe is increasing the load on local grids, necessitating capacitors for voltage regulation and harmonic filtering. For instance, in July 2025, the UK government announced over USD 63 million investment package to accelerate the EV transition. High voltage capacitors are vital in fast-charging stations and grid-connected EVSE systems.
   
• The EU’s Strategic Technologies for Europe Platform (STEP) is channeling funding into clean and resource-efficient technologies, including capacitor-intensive applications in cleantech and deep-tech manufacturing. This initiative supports innovation in capacitor design and deployment. For instance, STEP’s 2025 annual report confirms funding across 11 EU programs targeting digital, clean, and biotech sectors, with capacitors being integral to power electronics and energy storage systems in these domains.
   

Europe High Voltage Electric Capacitor Market Trends

• Increasing regulatory push for energy efficiency coupled with semiconductor manufacturing expansion across the region is creating a positive growth prospect for the market. The revised Energy Efficiency Directive (EU/2023/1791) mandates improved energy performance across sectors, indirectly boosting capacitor demand for power factor correction and energy optimization in industrial and commercial facilities.
   
• The directive, effective from October 2023, requires EU countries to achieve a 1.9% annual energy savings rate by 2028–2030, encouraging the adoption of capacitors in energy management systems. This will eventually increase the integration of capacitors across electrical equipment, thereby adding to the market growth down the line.
   
• Europe’s investment in semiconductor fabs, which rely heavily on high voltage capacitors for power conditioning and clean energy supply, is a significant growth driver. These facilities require stable and efficient power systems to support sensitive manufacturing processes.
   
• For instance, in February 2025, the European Commission approved over USD 920 million for Germany as an aid measure for the construction of a new semiconductor manufacturing plant in Dresden. This measure will allow Infineon to complete the MEGAFAB-DD project which will be able to produce a wide range of different types of chips, both reliant on capacitor-based power electronics.
   
• Raw material strategy for electrification technologies including electrification under EU chips Act will further benefit the market growth over the forecast period. The EU’s industrial strategy emphasizes securing critical raw materials for electrification technologies, including capacitors. This focus ensures supply chain resilience and supports domestic capacitor manufacturing.
   
• Europe’s industrial strategy, particularly under the EU Chips Act, is accelerating the electrification of manufacturing processes, which inherently increases the demand for high voltage capacitors. These capacitors are essential for power conditioning, voltage regulation, and energy efficiency in semiconductor fabrication and other high-tech industrial operations.
   
• For instance, in September 2025, Iberdrola decided to invest over USD 37 billion till 2028 to accelerate growth in network across UK. The investment will be made in improving the transmission & distribution network across the country, which in turn will increase the product adoption across transmission infrastructure.
   

Europe High Voltage Electric Capacitor Market Analysis

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• Based on material, the market is segmented into film capacitors, ceramic capacitors, electrolytic capacitors, among others. The ceramic capacitors dominated around 47.9% of the market share in 2024 and is set to grow at a CAGR of 4.7% through 2034. Rising adoption of additive manufacturing for custom ceramic components along with enhanced material screening for crack and delamination resistance is swaying product demand.
   
• Ceramic capacitors are benefiting from additive manufacturing (AM) advancements, enabling the production of complex geometries and customized dielectric profiles. This trend supports Europe’s aerospace, defense, and energy sectors, where precision and miniaturization are critical.
   
• Moreover, Multilayer ceramic capacitors (MLCCs) are increasingly replacing film capacitors in high-power resonant circuits across Europe, especially in EV onboard chargers and wireless power transfer systems. Their compact size and superior high-frequency performance make them ideal for modern power electronics.
   
• For instance, in October 2025, Murata Electronics Europe presented its 630 Vdc and 1000 Vdc MLCC product lines at the 2025 PCNS Symposium in Seville, showcasing their use in European automotive and server power supply applications. This will augment product application across European automotive industry.
   
• Film capacitors segment will grow at a CAGR of 4.4% through 2034, driven by enhanced polymer chemistry for harsh environments and increasing adoption in AI data centers and defense systems. In addition, innovations in dielectric layers and encapsulation materials are improving resistance to humidity, temperature, and voltage stress, enabling longer lifespans and higher reliability.
   
• For instance, at the 2025 PCNS Symposium in Seville, a paper presented highlighted how European capacitor designs now meet AEC-Q200 and MIL-SPEC standards, with improved polymer cathodes and packaging materials enabling up to 100,000 hours of operation in automotive and aerospace environments.
   
• Film capacitors are increasingly used in European AI data centers and defense electronics, where long-term reliability and low ESR are critical. These applications demand capacitors that can withstand continuous high-temperature operation without degradation.
   
• Electrolytic capacitors industry will grow at a CAGR of 4% through 2034, driven by product application across aerospace industry along with product featurette temperature-dependent ESR and capacitance stability. European aerospace systems are adopting hermetically sealed aluminum electrolytic capacitors to overcome reliability issues associated with electrolyte evaporation and leakage.
   
• These capacitors offer improved shelf life and operational stability under extreme conditions and rising investments across the segment will further add to the market growth. For instance, in January 2025, France government announced to Maintain funding under the multi-year Defense Spending Law (LPM), with a budget of €3.3 bn in 2025, to support our defense effort and position our companies in international markets.
   

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• Based on end use, the industry is segmented into consumer electronics, automotive, communication & technology, transmission & distribution, among others. The transmission & distribution end use industry held a market share of 47.8% in 2024 and will grow at a CAGR of 4.3% through 2034.
   
• Rising concern for grid congestion management & reactive power compensation along with rising product deployment across renewable energy infrastructure will augment the business outlook. High voltage capacitors are essential in managing reactive power and stabilizing voltage across Europe’s increasingly congested transmission networks.
   
• For instance, in September 2025, the Austrian Power Grid (APG) decided to invest USD 200 million to renew power transmission lines in the Enns Valley in the country in a move to support the energy transition. APG has started construction activities which will include the installation of ceramic capacitors.
   
• The consumer electronics industry will grow at a CAGR of 4.8% through 2034, driven by capacitor demand though strategic semiconductor expansion along with rise in AI driven devices & edge computing. Europe’s push to localize semiconductor manufacturing under the EU Chips Act is boosting demand for high voltage capacitors used in chip packaging, power delivery, and signal integrity.
   
• The proliferation of AI-enabled consumer electronics and edge computing devices is increasing the need for capacitors that support high-speed data processing and low-latency power delivery. Capacitors are critical in managing transient loads and maintaining system stability.
   
• The automotive end use industry will grow at a CAGR of 5.1% through 2034. This growth is driven by increasing electrification of vehicle platforms and growth in electric two-wheelers & micro-mobility. Capacitors are increasingly used in electric scooters and motorcycles, which are gaining popularity due to affordability and urban mobility needs.
   
• These vehicles require compact, high-voltage capacitors for motor control and regenerative braking. For instance, Italy sold nearly 16,000 electric motorbikes and scooters in 2022, with a 60% increase in 2023, supported by national incentives through 2024.
   

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• UK high voltage electric capacitor market held around 11.6% share in 2024 and generated USD 140 million in revenue. Continuous & exponential innovation across consumer electronics industry using semiconductors along with rising national strategy for semiconductor sovereignty is augmenting the industry landscape.
   
• For instance, in September 2025, the UK government announced over USD 10 million funds to support semiconductor innovation, benefiting companies like Paragraf Limited, which develop graphene-based devices requiring high-performance capacitors. In addition, the UK’s National Semiconductor Strategy, backed by over USD 1 billion over 20 years, aims to reduce reliance on imports and strengthen domestic manufacturing.
   
• France high voltage electric capacitor market will grow at a CAGR of 3.5% by 2034. France’s manufacturing sector is investing heavily in machinery and equipment, increasing the need for capacitors in automation, robotics, and power electronics. Capacitors are essential for voltage regulation and energy efficiency in these systems.
   
• For instance, in 2024, the stock of industrial equipment in France rose by 6.4% compared to 2019, indicating strong investment in production infrastructure. In addition, the growth in aerospace and transport manufacturing, particularly in aeronautics, is driving demand for capacitors in propulsion systems and avionics.
   
• Germany high voltage electric capacitor market stood at USD 130 million in 2024, owing to increasing public & private investments across developing electrical infrastructure and AI integration. For instance, in September 2025, Norges Bank Investment Management has entered into an agreement to invest over USD 4.5 billion in the German electricity transmission system operator TenneT Germany to expand the electricity transmission grid in the country.
   
• Italy high voltage electric capacitor industry will grow at a CAGR of 4.5% through 2034. The market growth is driven by precision engineering in industrial capacitor applications along with growth in custom industrial solutions. Italy’s engineering sector is advancing in precision manufacturing, with capacitors used in high-performance equipment for glass, pharmaceutical, and packaging industries.
   
• For instance, Mekano, an Italian firm, specializes in producing machine parts and equipment that integrate high voltage capacitors for industrial automation. In addition, Mekano’s CNC-based production supports tailored capacitor systems for specialized machinery across multiple sectors, in turn adding to the market growth.
   
• Austria high voltage electric capacitor market will grow at a CAGR of 4.7% through 2034, owing to the increasing digital transformation in industrial capacitor deployment along with rising favorable government investment to promote the industrial expansion across the country. Austria is leveraging digital tools to optimize capacitor usage in industrial systems, particularly in supplier management and automation.
   
• For instance, in October 2025, The European Commission has approved, under EU State aid rules, an Austrian scheme to safeguard security of electricity supply. The scheme will support security of electricity supply for a period of 5 years starting in October 2026.
   

Europe High Voltage Electric Capacitor Market Share

• The top 5 companies in the Europe high voltage electric capacitor industry are ABB, Siemens, KEMET, Murata Manufacturing Co., Ltd., and TDK Corporation accounted for over 30% market share in 2024. TDK plays a significant role in Europe’s EV and renewable energy ecosystems with its advanced film and ceramic capacitor technologies. Its investment in energy storage and power electronics solutions strengthens its position in high-reliability applications across the region.
   
• Murata is a major supplier of ceramic capacitors for European automotive and telecom markets, supporting EV powertrains and 5G infrastructure. Its innovation in miniaturized, high-voltage MLCCs aligns with Europe’s push for compact, energy-efficient electronics.
   

Europe High Voltage Electric Capacitor Market Companies

Major players operating in the Europe high voltage electric capacitor industry are:
 

• ABB
• CEDICOM Electronics
• Condis SA
• Electronicon Kondensatoren GmbH
• General Atomics
• Hitachi Energy Ltd.
• HVP High Voltage Products GmbH
• ISKRA d.o.o.
• KEMET
• Kyocera AVX Components
• Magnewin Energy Pvt. Ltd.
• Murata Manufacturing Co., Ltd.
• Panasonic Industry Europe GmbH
• Rhopoint Components Ltd.
• Samsung Electro-Mechanics
• Schneider Electric SE
• Siemens AG
• TDK Corporation
• Vishay Intertechnology, Inc.
• WIMA GmbH & Co. KG
   
• ABB is a leading player in Europe’s grid modernization and renewable integration projects, leveraging its strong portfolio of high voltage capacitors for transmission and distribution networks. Its focus on smart grid solutions and FACTS (Flexible AC Transmission Systems) positions it as a key enabler of energy transition.
   
• Siemens, based in Germany is one of the prominent companies that provides with industrial automation and rail electrification, where high voltage capacitors are critical for power factor correction and harmonic filtering. Its strong European manufacturing base and digital grid technologies give it a competitive edge in large-scale infrastructure projects.
   
• KEMET has a robust presence in Europe through its Portugal facility, producing film and electrolytic capacitors for automotive and industrial applications. Its emphasis on reliability and compliance with EU automotive standards makes it a preferred supplier for EV and renewable sectors.
   

Europe High Voltage Electric Capacitor Industry News

• In October 2025, the government of Germany through its yearly budget announced that over USD 1.6 billion investment will be made in its AI action plan to promote AI & cloud infrastructure, which eventually will increase the product adoption across consumer & electronics and communication & technology end use industries.
   
• In September 2025, Microsoft announced to invest USD 30 billion in AI infrastructure and ongoing operations across the UK during the four years from 2025 through 2028. It includes USD 15 billion in capital expenditures to build out the UK’s cloud and AI infrastructure, which in turn will increase the deployment of high voltage electric capacitors.
   
• In September 2025, NVIDIA announced to invest over USD 2 billion to catalyze the UK’s AI startup ecosystem and accelerate the creation of new companies, jobs and globally transformative AI businesses. The investment will bring new capital and advanced AI infrastructure to major U.K. hubs like London, Oxford, Cambridge and Manchester.
   
• In June 2025, NTN Europe announced it to invest over USD 30 million and plans to hire 100 new employees to strengthen its aerospace business. The investment is being done to modernise industrial facilities and adopt Factory 4.0 initiative, which in turn will increase the deployment of HV capacitors across the aerospace end use industry.
   

This Europe high voltage electric capacitor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (‘000 Units) from 2025 to 2034, for the following segments:

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Market, By Material

• Film capacitors
• Ceramic capacitors
• Electrolytic capacitors
• Others

Market, By End use

• Consumer electronics
• Automotive
• Communication & technology
• Transmission & distribution
• Others

The above information has been provided for the following countries:

• UK
• France
• Germany
• Italy
• Austria