Press release
High Voltage Capacitor Market Dynamics: Shaping the Power Industry's Future
According to a new report published by Allied Market Research title, high voltage capacitor market was valued at $11.8 billion in 2020, and is projected to reach $30.3 billion by 2030, growing at a CAGR of 9.9% from 2021 to 2030. Factors contributing toward the growth of the high voltage capacitor market include increase in requirement to enhance grid infrastructure for increasing the electricity accessibility, and others. The renewable energy market is expected to grow at a CAGR of 8.4%.Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/1092
Market Dynamics
Drivers:
• Increasing demand for reliable and efficient power transmission and distribution systems is boosting the need for high voltage capacitors.
• Growing adoption in renewable energy projects, such as wind and solar farms, which require capacitors for voltage stabilization and power factor correction.
• Expansion of the industrial sector and modernization of electrical grids worldwide drive capacitor demand.
• Rising investments in infrastructure development and smart grid technologies.
Restraints:
• High initial costs and complex installation processes may limit adoption in some regions.
• Technical challenges related to capacitor lifespan and maintenance requirements.
• Competition from alternative technologies like advanced power electronics and energy storage devices.
Opportunities:
• Development of advanced materials and compact designs enhancing capacitor efficiency and durability.
• Increasing integration with smart grids and electric vehicle charging infrastructure.
• Growing focus on reducing transmission losses and improving energy efficiency.
• Emerging markets in Asia-Pacific and Latin America present significant growth potential.
Challenges:
• Environmental concerns related to capacitor manufacturing and disposal.
• Regulatory hurdles and standards compliance across different regions.
• Fluctuating raw material prices impacting manufacturing costs.
The high voltage capacitor market is segmented into dielectric, capacity, application, and region. On the basis of dielectric, the ceramic capacitors segment garnered 16.7% in terms of revenue and expected to grow at CAGR of 11.9% during the forecast period. This is attributed to increased demand from industrial, military application and others. In addition, there is increased demand for multilayer ceramic capacitors.
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On the basis of capacity, the 500-1000V segment garnered 17.6% in terms of revenue and is anticipated to grow at a CAGR of 8.9% during the forecast period. On the basis of application, the power generation segment garnered 36.2% in terms of revenue and expected to grow at a CAGR of 11.2% during the forecast period.
On the basis of region, the Asia-Pacific region garnered 23.7% share in terms of revenue and anticipated to grow at a CAGR of 11.6% during the forecast period. This is attributed to numerous factors such as presence of established players, and rising electricity demand owing to growth of industrial sector and population especially in India and China.
The high voltage capacitor market analysis covers in-depth information of the major industry participants. Some of the major players in the high voltage capacitor market include ABB Ltd, AVX Corporation, General Electric, Lifasa, Maxwell Technologies, Presco AG, Siemens AG, TDK Corporation, Vishay Intertechnology, Inc, Eaton (COOPER), General Atomics, Inc., Murata Manufacturing, Hitachi Ltd., Samwha Capacitor Co Ltd, and UCAP Power, Inc.
Other players in the high voltage capacitor market are Jiande Haihua Electric Co., Ltd, Zhejiang Yide Technology Co., Ltd., RTDS Technologies, Sieyuan Electric, and others.
Key findings of the study
• The report outlines the current high voltage capacitor market trends and future scenario of the market from 2021 to 2030 to understand the prevailing opportunities and potential investment pockets.
• The high voltage capacitor market size is provided in terms of volume and revenue.
• On the basis of capacity, 7001-14000V segment garnered market share of 22.4% in 2020 in terms of volume.
• On the basis of application, the distribution; segment gained 16.0% share in 2020 in terms of volume.
• On the basis of region, the North America region garnered market share of 30.3% in 2020 in terms of volume.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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