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High Voltage Electric Capacitor Market Size

  • Report ID: GMI7315
  • Published Date: Nov 2023
  • Report Format: PDF

High Voltage Electric Capacitor Market Size

High Voltage Electric Capacitor Market size was valued over USD 3.8 billion in 2022 and is set to grow at a rate of over 4.5% by 2032. The electric capacitor industry has experienced notable progress and has firmly established itself in a diverse array of electronic and electrical applications. Its adaptability across various uses and its effectiveness in storing electrical energy have played a key role in its extensive adoption. As devices continue to evolve, incorporating advanced microprocessors that enhance their complexity, functionality, and integration, the need for capacitors with higher capacitance has surged significantly.

 

High Voltage Electric Capacitor Market

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The electronic components industry is poised for positive growth, primarily attributed to investments in transmission & distribution, consumer electronics, automotive manufacturing, and related sectors. Notably, the increasing prevalence of electronic control units (ECUs) in vehicles, driven by the trend towards vehicle electrification, has made a significant impact. Capacitors are in great demand for these applications because they need to meet specific criteria, such as being lightweight, compact, capable of withstanding vibration, temperature variations, high currents, and high voltage, all while maintaining low resistance to optimize temperature control. To meet these demands, automakers are increasingly turning to design and simulation technologies to develop suitable capacitor products.

 

The utilization of capacitors in the power sector is steadily gaining traction, largely due to heightened investments in power grids prompted by the growing worldwide need for electricity. Power capacitors are instrumental in improving the quality, efficiency, and overall effectiveness of electrical systems, while simultaneously reducing power losses. As a result, they contribute positively to minimizing environmental impact. The digital economy has introduced a level of complexity to electronic appliances, ranging from TVs and smartphones to security systems, refrigerators, and electric vehicles. The increasing emphasis on enhancing the functionalities of these devices has substantially heightened the need for improved storage capabilities.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

High voltage electric capacitor industry size exceeded USD 3.8 billion in 2022 and is poised to expand at over 4.5% growth rate from 2023-2032 driven by the rising demand from the electronic components sector.

High voltage electric capacitors market from the consumer electronics sector is projected to witness over 5.2% CAGR from 2023 to 2032 owing to the increasing application in the production of smartphones, portable computing, and automotives.

Asia Pacific market is estimated to witness over 5.5% CAGR from 2023 to 2032 driven by the robust manufacturing capabilities in the consumer electronics and automotive industries.

Some of the leading high voltage electric capacitor firms are Siemens, ABB, KEMET Corporation, Murata Manufacturing Co., Ltd., KYOCERA AVX Components Corporation, Cornell Dubilier, Panasonic Corporation, TDK Corporation, Schneider Electric, and Havells India Ltd., among others.

High Voltage Electric Capacitor Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 502
  • Countries covered: 21
  • Pages: 380
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