High Voltage Capacitors Market Size & Share, by Type (Ceramic Capacitors, Film Capacitors); End-user (Electronics, Automotive, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5123
  • Published Date: Aug 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

High Voltage Capacitors Market size is anticipated to reach USD 20 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of high voltage capacitors was over USD 10 billion. High voltage capacitors are used in power electronics to enhance energy efficiency and reduce power loss during the transmission and distribution of electricity. With the increasing adoption of renewable energy sources such as solar and wind, there is a growing need for high voltage capacitors to manage and stabilize power fluctuations.

High voltage capacitors are devices used to store and release electrical energy in high-voltage applications. They play a crucial role in various industries, including power generation and distribution, aerospace, automotive, medical equipment, and more. High voltage capacitors are utilized in aerospace and defense for various applications like radar systems, satellite communication, and electronic warfare equipment.


High Voltage Capacitors Market
Get more information on this report: Request Free Sample PDF

High Voltage Capacitors Market: Growth Drivers and Challenges

Growth Drivers

  • Energy Efficiency Initiatives: The demand for energy-efficient solutions has driven the adoption of high voltage shunt capacitors in power electronics, reducing power loss during electricity transmission and distribution. According to the International Energy Agency (IEA), global energy efficiency investment is expected to reach USD 120 billion by 2025.
  • Renewable Energy Integration: As the world continues to focus on renewable energy sources, the demand for high voltage capacitors to stabilize power fluctuations and improve grid efficiency has increased.
  • Electric Vehicle (EV) Market Expansion: The rising adoption of electric vehicles has driven the need for high voltage capacitors in EV charging infrastructure and power management systems.

Challenges

  • High Manufacturing Costs: Manufacturing high voltage capacitors involves using specialized materials and technologies, leading to higher production costs. These costs can impact the final product's pricing and limit market penetration.
  • Miniaturization and High Energy Density
  • Environmental Regulations

High Voltage Capacitors: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~ USD 10 Billion

Forecast Year Market Size (2035)

~ USD 20 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
Get more information on this report: Request Free Sample PDF

High Voltage Capacitors Segmentation

Type (Ceramic Capacitors, Film Capacitors)

The film capacitors segment in the high voltage capacitors market is estimated to gain the largest revenue share in the year 2035. The film capacitors segment benefits from the overall growth of the electronics industry, as these capacitors are widely used in various electronic devices and equipment. According to the International Data Corporation (IDC), worldwide spending on information technology (IT) is projected to reach USD 4.8 trillion in the year 2021. Film capacitors are extensively used in power electronics applications, including power supplies, inverters, and motor drives, due to their excellent electrical properties and high voltage handling capabilities. With the growing adoption of renewable energy sources, film capacitors play a vital role in energy storage and power conversion systems, contributing to the growth of this segment.

End User (Electronics, Automotive, Industrial)

High voltage capacitors market from the automotive segment is expected to garner a significant share in the year 2035. The global shift towards electrification in the automotive industry, including hybrid and electric vehicles, has increased the demand for high voltage capacitors used in various power electronics applications within these vehicles. According to a report by the International Energy Agency (IEA), the global electric car stock surpassed 10 million vehicles in 2020. As the adoption of electric vehicles increases, there is a growing need for EV charging infrastructure. High voltage capacitors are utilized in charging stations for power management and DC-to-DC conversion. Governments and consumers worldwide are increasingly emphasizing energy efficiency and emission reduction in vehicles.

Our in-depth analysis of the global high voltage capacitors market includes the following segments:

           Type

  • Ceramic Capacitors
  • Film Capacitors

 

   

           End User

  • Electronics
  • Automotive
  • Industrial

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

High Voltage Capacitors Industry – Regional Synopsis

APAC Market Forecast

The high voltage capacitors market in the Asia Pacific region is projected to hold the largest market share of 41% by the end of 2035. The Asia Pacific region is known for its robust electronics industry, and the demand for high voltage capacitors is driven by various electronic devices and equipment manufactured in the region. Rapid infrastructure development and urbanization in the Asia Pacific region create a demand for high voltage capacitors in power generation, transmission, and distribution systems. According to the Asian Development Bank (ADB), infrastructure investment needs in the Asia Pacific region will exceed USD 1.7 trillion per year from 2016 to 2030.

North American Market Statistics

The high voltage capacitors market in the North America region is projected to hold the second largest share during the forecast period. North America has been witnessing an increasing shift towards renewable energy sources, such as solar and wind power. High voltage capacitors play a crucial role in energy storage and grid stabilization in these renewable energy systems. The growing adoption of electric vehicles in North America has led to an increased demand for high voltage capacitors in EV power management and charging infrastructure.

Research Nester
High Voltage Capacitors Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the High Voltage Capacitors Market

top-features-companies
    • ABB Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Siemens AG
    • TDK Corporation
    • Vishay Intertechnology, Inc.
    • AVX Corporation
    • Maxwell Technologies, Inc.
    • Murata Manufacturing Co., Ltd.
    • Panasonic Corporation
    • EPCOS AG
    • Cornell Dubilier Electronics, Inc.

In-the-news

In The News

  • Siemens AG and Siemens Energy AG announced their collaboration to develop and commercialize hydrogen systems as part of efforts to decarbonize various industries. The two companies aim to provide solutions that will enable the production, storage, and distribution of green hydrogen.
  • Vishay Intertechnology announced that it had expanded its offering of FRED Pt® Ultrafast recovery rectifiers. The expansion included the addition of 15 new 100 V devices in the eSMP® series SlimSMAW (DO-221AD) package. These new devices were designed to provide high reliability and efficiency for automotive and commercial applications.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5123
  • Published Date: Aug 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing need for high voltage capacitors is the major factor driving the market growth.

The market size of high voltage capacitors is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are ABB Ltd., Siemens AG, TDK Corporation, Vishay Intertechnology, Inc., AVX Corporation, Maxwell Technologies, Inc., and others.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
High Voltage Capacitors Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying