PUBLISHER: The Business Research Company | PRODUCT CODE: 1650348
PUBLISHER: The Business Research Company | PRODUCT CODE: 1650348
High voltage capacitors are essential components for storing charge and energy in applications requiring high voltage. These capacitors, characterized by a cylindrical shape with a flat cover or semi-spherical envelope, a sealing element, and additional accessories, are crucial in large pulse power systems for tasks like pulse shaping or peaking. They are particularly valued for their low-loss and lightweight properties, often immersed in oil for optimal performance.
The primary categories of high voltage capacitors encompass high voltage plastic film capacitors, high voltage aluminum electrolytic capacitors, high voltage ceramic capacitors, and other variants. High voltage plastic film capacitors leverage a thin plastic film as the dielectric, making them suitable for high-frequency, high-power applications, as well as pulsed power energy discharge scenarios. Capacities of high voltage capacitors are classified into ranges such as 500-1000V, 1001-7000V, 7001-14000V, and above 14000V. These capacitors find crucial applications in power generation, distribution, and transmission systems.
The high voltage capacitor research report is one of a series of new reports from The Business Research Company that provides high voltage capacitor statistics, including high voltage capacitor industry global market size, regional shares, competitors with high voltage capacitor shares, detailed high voltage capacitor segments, market trends and opportunities, and any further data you may need to thrive in the high voltage capacitor industry. This high voltage capacitor research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The high voltage capacitor market size has grown strongly in recent years. It will grow from $1.77 billion in 2024 to $1.86 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to rise in demand for electrical grid infrastructure, increase in power generation, increase in power generation, increase in renewable energy integration, rise in research and development.
The high voltage capacitor market size is expected to see strong growth in the next few years. It will grow to $2.3 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing electric vehicles (evs), expansion of high voltage direct current (hvdc), rising renewable energy integration, increasing adoption of industrial automation, increasing power quality enhancement. Major trends in the forecast period include miniaturization trend, dc link capacitors, power electronics, smart grids, material advancements, customization and specialized applications.
The high voltage capacitor market is experiencing substantial growth due to the increasing demand for electricity. This surge is expected to be significant, driven by the rising need for consumer durables and IT hardware, incorporating electrical circuitry across diverse applications. Multilayer ceramic capacitors play a crucial role in enhancing electricity accessibility in grid infrastructure. As per the International Energy Agency (IEA), the demand for electricity in India is projected to grow at an annual rate of 6.5% from 2022 to 2024, fueled by escalating consumption. Consequently, the global high-voltage capacitor market is anticipated to witness growth in response to the heightened demand for electricity.
The high voltage capacitor market is set to experience growth propelled by the increasing demand for renewable energy sources. Termed 'clean' or 'green' energy, renewables rely on naturally occurring replenishable resources. High-voltage capacitors play a vital role in energy storage systems, voltage regulation, power factor improvement, and transient voltage protection within renewable energy setups. Notably, a report by the International Energy Agency in July 2023 indicated an over 8% increase in renewable energy production from sources like solar, wind, hydropower, geothermal, and ocean in 2022. This surge in renewable energy demand is a significant driver for the high voltage capacitor market.
A prominent trend shaping the high voltage capacitor market is the technological upgrade of existing grid infrastructure. Companies in this market are actively involved in upgrading and expanding older electric grids to enhance their capacity for transmitting electricity from renewable sources and improve overall resilience. For instance, Yageo Corporation, a Taiwan-based leader in passive electronic component manufacturing, including high voltage capacitors, introduced high voltage high capacitance MLCCs in January 2022. The Yageo HCV X7R, with a capacitance of 47 uF and a rated voltage of 100 volts, stands out for its capabilities. Yageo's strategic move includes the opening of a new facility in 2023, ensuring additional production capacity to meet the expanding demand and reinforcing its competitiveness in providing HCV MLCCs.
Major players in the high voltage capacitor market are strategically focusing on innovative product offerings to boost their revenues. A notable example is Vishay Intertechnology Inc., a prominent US-based electronics manufacturer, which introduced high-value high-voltage combined aluminum capacitors in December 2022. The 202 PML-ST screw terminal aluminum electrolytic capacitor series stands out for its practical design, enabling designers to store more energy in less space. Featuring 11 small package outline sizes ranging from 35 mm x 60 mm to 90 mm x 220 mm, these capacitors offer higher capacitance/voltage (CV) values compared to previous generations. With a ripple at +85°C, a current capacity of up to 49.6 A, low ESR as 2 m, and a lifespan of up to 10,000 hours, these RoHS-compliant devices are suitable for various pulsed power filtering, buffering, and energy storage applications, catering to a lifespan requirement of 10 to 15 years. The innovative design and enhanced performance make these capacitors a significant driver for revenue growth in the high voltage capacitor market.
In January 2022, Exxelia, a French designer and manufacturer of high-reliability passive components, acquired Alcon Electronics for $100 million. This acquisition enhances Exxelia's film and aluminum electrolytic capacitor portfolio by incorporating Alcon's advanced technology, which meets the growing demands in the renewable energy, medical imaging, and power generation sectors. Alcon Electronics is an Indian company specializing in the manufacture of high-voltage capacitors.
Major companies operating in the high voltage capacitor market include Asea Brown Boveri Ltd., Siemens AG, Alstom SA, Eaton Corporation PLC., ZEZ SILKO Ltd., AVX Corporation, International Capacitors SA Lifasa, Sieyuan Electric Co. Ltd., Presco AG, Vishay Intertechnology Inc., GE BE PRIVATE LIMITED., Maxwell Technologies., TDK Corporation., Murata Manufacturing Co. Ltd., Hitachi Ltd., Nippon Chemi-Con Corporation., KYOCERA Corporation, YAGEO Corporation, Taiyo Yuden Co. Ltd., Panasonic Holdings Corporation., KEMET Corporation., Darfon Electronics Corporation, Johanson Technology Inc., Cornell Dubilier Electronics Inc., Illinois Capacitor Inc., Kendeil S.r.l., Nichicon Corporation, Rubycon Corporation
North America was the largest region in the high voltage capacitor market in 2024. Asia-Pacific is expected to grow at the highest CAGR in the forecast period. The regions covered in the high voltage market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the high voltage capacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The high voltage capacitor market consists of sales chips, stack and radials.Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
High Voltage Capacitor Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high voltage capacitor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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 historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.