PUBLISHER: The Business Research Company | PRODUCT CODE: 1543816
PUBLISHER: The Business Research Company | PRODUCT CODE: 1543816
High voltage capacitors are specialized electronic components designed to store and release electrical energy in electrical circuits. They are capable of handling voltage levels significantly higher than standard capacitors, typically ranging from hundreds to thousands of volts.
The high voltage capacitor market consists of sales, by entities (organizations, sole traders and partnerships), of high voltage capacitors that offer simple and reliable reactive power to enhance system efficiency, performance and quality. They are utilized under oil for peaking in large pulse power systems or pulse shaping. The capacitors are produced utilizing foil electrode windings and dielectric. The capacitors are enclosed in plastic cases with pivotal terminals and are exhaustively vacuum-dried and infused with an insulating liquid.
The global high voltage capacitor market was valued at $9,705.40 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 6.0%.
Increasing Industrialization Across Various Sectors
Increasing industrialization across various sectors drove the growth of the high voltage capacitor market during the historic period. Many industrial machines and equipment operate at lower power factors, resulting in inefficiencies and increased energy costs. High-voltage capacitors enhance power factor correction, optimizing energy use and reducing operational expenses. Additionally, capacitors filter out harmonics generated by industrial equipment, protecting sensitive machinery and ensuring smoother operations. For instance, in October 2023, according to reports published by the National Bureau of Statistics (NBS) of China, the country's industrial output increased 4.6% year over year in October, exceeding forecasts of a 4.4% increase. This growth was faster than the 4.5% rate observed in September. Additionally, in July 2023, according to data released by the Ministry of Statistics and Program Implementation, India's industrial production index increased by 5.2% in May 2023 compared to 4.2% in April 2023. The manufacturing sector, which accounts for almost three-quarters of industrial production growth (IIP), expanded by 5.7% in May 2023 compared to 4.9% in April 2023, according to data from the National Statistical Office (NSO). Therefore, increasing industrialization across various sectors supported the growth of the high voltage capacitor market.
Increasing Applications Of High-Voltage Capacitors In High-Power Electric Vehicle Charging
Companies in the high voltage capacitor market are deploying new innovative high-power rectangular capacitors for electric vehicle charging. These capacitors represent a notable leap forward in the industry, addressing the changing demands of the electric vehicle sector and propelling the shift toward sustainable transportation solutions. For instance, in February 2023, KEMET, a US-based company that provides high voltage capacitors, launched the new AAR80 series, an AEC-Q200-qualified aluminum rectangular capacitor. The AAR80 capacitor's unique features include their high voltage rating of 800 volts DC, making them ideal for high-power EV charging applications. With a maximum current rating of 20 A (amperes), these capacitors efficiently manage the high currents necessary for rapid charging. They also feature low equivalent series resistance (ESR) and equivalent series inductance (ESL), ensuring minimal energy loss and optimal performance. These high-performance capacitors are engineered to meet the demanding requirements of EV charging systems, ensuring reliable and efficient energy storage and conversion.
The global high voltage capacitor market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 23.84% of the total market in 2023.
High Voltage Capacitor Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global high voltage capacitor market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for high voltage capacitor? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The high voltage capacitor market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider high voltage capacitor market; and compares it with other markets.
Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.