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The global high-voltage capacitor market reached a value of US$ 1.93 Billion in 2020.
According to the estimates by IMARC Group, the global high-voltage capacitor market is expected to 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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