The global high-voltage capacitor market is currently witnessing strong growth. A high-voltage (HV) capacitor is a dual-terminal electrical component, which is utilized to store energy in electrical and electronic equipment. It is among the crucial components used for power generation, transmission, distribution and high-voltage installations. Its capacity usually ranges from 25 volts for household electronics to 1000 volts for specialized industrial equipment. Polypropylene, ceramic, aluminium, glass dielectric and diamond-like carbon variants are the most common types of HV capacitors available in the market. They offer immense stability and power flow control, resilience, and reliability and can segment the power system to enhance the grid’s flexibility. Owing to these benefits, HV capacitors find extensive application across the electronics, utility, automotive and chemical industries.
The rising energy demand across the globe is one of the key factors driving the growth of the market. HV capacitors are primarily utilized for ensuring uninterrupted power supply and the transmission of extra-high voltage (EHV) and ultra-high voltage (UHV) in residential and commercial complexes. Furthermore, the growing requirement of capacitors, owing to their high-temperature stability and insulation properties, has provided a boost to their sales across various industry sectors. Also, with the enhanced penetration of electronics in the daily lives of consumers, there has been an increase in the production of mobile phones, televisions, multimedia players, and smart televisions that utilizes such products. Various product innovations, such as the development of capacitors with improved transmission capacities, along with the increasing power generation through renewable sources, are projected to drive the market further. Looking forward, IMARC Group expects the market to exhibit a CAGR of around 9% during 2020-2025.
Breakup by Dielectric:
Breakup by Capacity:
Breakup by Application:
Breakup by Region
The competitive landscape of the industry has also been examined with some of the key players being ABB, Alstom SA, API Capacitors Ltd., Arteche Group, General Atomics, General Electric Company, Iris Power, Isofarad Kft, KON?AR Group, Lifasa, Maxwell Technologies, RTDS Technologies Inc., Siemens, TDK Corporation, etc.
Key Questions Answered in This Report:
The global high-voltage capacitor market was worth around US$ 2 Billion in 2019.
According to the estimates by IMARC Group, the global high-voltage capacitor market will exhibit strong growth during the next five years.
The escalating demand for uninterrupted power supply, in confluence with the increasing penetration of consumer electronics, such as mobile phones, smart televisions and multimedia players, represents one of the key factors bolstering the market growth.
One of the major trends in the market is the introduction of high voltage capacitors with improved transmission capacities, along with the growing popularity of renewable sources for power generation.
The market has been negatively impacted on account of lockdowns imposed by governments of various countries and temporary closure of various industries to mitigate the spread of the coronavirus disease (COVID-19).
On the basis of the dielectric, the market has been segregated into the ceramic, plastic film, tantalum, aluminum electrolytic, mica and others.
The market has been categorized based on the capacity into 500-1000 V, 1001-7000 V, 7001-14000 V and above 14000 V.
Based on the application, the market has been classified into power generation, power transmission and distribution (T&D), drivers and inverters, motors, and others.
On the geographical front, the market has been segmented into Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); North America (the United States and Canada); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, Argentina, Columbia, Chile, Peru and others); and Middle East and Africa (the United Arab Emirates, Turkey, Saudi Arabia, Iran and others).
Leading industry players are ABB Group, Alstom SA, API Capacitors Ltd., Arteche Group, General Atomics Aeronautical Systems, Inc., General Electric Company, Iris Power LP, Isofarad Ltd., KONAR Group, International Capacitors, S.A., Tesla, Inc., RTDS Technologies Inc., Siemens AG and TDK Corporation.
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