High Voltage Capacitors Market
High Voltage Capacitors Market Forecasts to 2030 - Global Analysis By Type (Ultra-High Voltage and High Voltage), Capacity (Above 14000V, 7001-14000V and 500-1000V), Technology, Dielectric, Sales Channel, Installation Type, Application, End User and By Geography
According to Stratistics MRC, the Global High Voltage Capacitors Market is accounted for $18.50 billion in 2024 and is expected to reach $36.31 billion by 2030 growing at a CAGR of 11.9% during the forecast period. High-voltage capacitors are specialized devices designed to store and release electrical energy in high-voltage circuits, typically ranging from a few kilovolts (kV) to several hundred kV. They are crucial in applications like power transmission, distribution, and various industrial processes. These capacitors often use materials like ceramic, glass, or polypropylene for their dielectric properties and are encased in robust insulating materials to handle high stress and prevent leakage. Their primary functions include power factor correction, voltage stabilization, and energy storage.
According to the International Energy Agency (IEA), electricity demand in India is expected to grow at an annual rate of 6.5% between 2022 and 2024.
Market Dynamics:
Driver:
Increasing demand for electricity
The rising demand for electricity is a key driver in the high-voltage capacitor market. As global populations and urbanization grow, the need for reliable power supplies escalates. High-voltage capacitors are crucial in electrical transmission and distribution networks, where they enhance power quality, increase efficiency, and stabilize voltage levels. The expansion of renewable energy sources like wind and solar, which require robust grid infrastructure, also fuels demand for these capacitors. Additionally, the development of smart grids and electrification of transport systems further intensifies the need for high-voltage capacitors, ensuring the efficient handling of increased power loads.
Restraint:
High cost of raw materials
The high cost of raw materials is a significant restraint in the high-voltage capacitor market, primarily due to the reliance on expensive components such as polypropylene films, tantalum, and ceramic powders. These materials are essential for achieving the desired electrical performance and reliability but are subject to price volatility and supply chain disruptions. Additionally, the need for high purity and specific manufacturing processes further elevates costs. This financial burden can limit production scalability and increase the final product price.
Opportunity:
Technological upgrade of the old grid infrastructure
The technological upgrade of old grid infrastructure presents a significant opportunity in the high-voltage capacitor market. Aging grids, especially in developed regions, require modernization to enhance efficiency, reliability, and integration with renewable energy sources. High-voltage capacitors are crucial in this upgrade, offering improved power quality, reduced transmission losses, and enhanced system stability. They enable the grid to handle higher voltages and increased demand, supporting the transition to smart grids and the adoption of advanced technologies like energy storage and electric vehicles.
Threat:
Unmet demand due to pandemic
During the COVID-19 pandemic, the high-voltage capacitor (HVC) market faced significant unmet demand due to multiple disruptions. Supply chain constraints hindered the availability of raw materials and components, leading to production delays and shortages. Lockdowns and workforce limitations further affected manufacturing capacity. Concurrently, reduced industrial activity and postponed infrastructure projects decreased short-term demand, exacerbating the mismatch between supply and demand.
Covid-19 Impact:
The COVID-19 pandemic significantly disrupted the high-voltage capacitor market. The immediate impacts included supply chain interruptions and delays in manufacturing due to lockdowns and restrictions on international trade. Demand fluctuated as key industries like energy, automotive, and infrastructure faced economic slowdowns and project postponements. However, the market saw a rebound driven by increasing investments in renewable energy and smart grid technologies, reflecting a shift towards sustainability and modernization in energy infrastructure.
The Aluminum electrolytic capacitor (AEC) segment is expected to be the largest during the forecast period
The aluminum electrolytic capacitor (AEC) segment is experiencing notable growth in the high-voltage capacitor market due to several factors. Increasing demand for energy-efficient solutions in power electronics, renewable energy systems, and electric vehicles (EVs) is driving this trend. AECs are favored for their high capacitance per unit volume, which makes them ideal for applications requiring bulk energy storage and high ripple current capabilities. Advances in manufacturing techniques have also enhanced their performance and reliability, making them more competitive against other capacitor types. The growing focus on compact, lightweight electronic designs further accelerates the adoption of AECs in high-voltage applications.
The Semiconductor manufacturing segment is expected to have the highest CAGR during the forecast period
The semiconductor manufacturing segment is significantly driving growth in the high-voltage capacitor market due to its increasing demand for reliable and efficient energy storage solutions. With the rise in semiconductor production for electronics, electric vehicles, and renewable energy applications, there's a heightened need for capacitors that can handle high voltages and ensure stability in complex circuits. High-voltage capacitors offer superior energy density and thermal management, which are essential for modern semiconductor fabrication processes. Their ability to support higher voltage thresholds enhances the performance and longevity of semiconductor devices, fuelling their adoption and market expansion.
Region with largest share:
The high-voltage capacitor market in North America is experiencing significant growth, driven by increased investments in renewable energy and upgrades to aging power infrastructure. The U.S. and Canada are expanding their renewable energy projects, such as wind and solar power, which require advanced energy storage and grid stability solutions provided by high-voltage capacitors. Additionally, the transition towards smart grids and electric vehicles is boosting demand for efficient energy transmission, further propelling market expansion. Technological advancements and government incentives for energy efficiency are also fostering innovation and the adoption of high-voltage capacitors across the region.
Region with highest CAGR:
The Asia-Pacific region is experiencing robust growth in the high-voltage capacitor market. This growth is driven by rapid industrialization, urbanization, and the expansion of power infrastructure to meet the increasing energy demands in countries like China, India, and Japan. Investments in renewable energy projects and advancements in smart grid technologies also contribute to the rising demand for high-voltage capacitors. Furthermore, government initiatives aimed at upgrading and modernizing electrical grids enhance market opportunities.
Key players in the market
Some of the key players in High Voltage Capacitors market include ABB, Alstom SA, Arteche, Crompton Greaves, Eaton Corporation, General Electric Company, Hitachi Ltd., Kunshan GuoLi Electronic Technology Co., Ltd., Kyocera Corporation, Maxwell Technologies, Murata Manufacturing, SABIC, Siemens AG, TDK Corporation and Vishay Intertechnology, Inc.
Key Developments:
In June 2024, Saudi Basic Industries Corp. (SABIC) announced forming a joint venture with ExxonMobil to build an ethylene plant in Corpus Christi, Texas. It also proposed building a Houston headquarters for its Western Hemisphere operations as the Middle East’s dominant chemical maker seeks to capitalize on the US shale boom.
In June 2024, Kyocera Document Solutions South Africa has appointed Omane Sokapase as the new Hardware Product Manager. With a wealth of experience and a robust educational background, Sokapase brings a strategic and innovative approach to this key role.
Types Covered:
• Ultra-High Voltage
• High Voltage
Capacities Covered:
• Above 14000V
• 7001-14000V
• 1001-7000V
• 500-1000V
Technologies Covered:
• Voltage-Sourced Converters (VSC)
• Line Commutated Converters (LCC)
Dielectrics Covered:
• Aluminum Electrolytic Capacitor (AEC)
• Ceramic Capacitor
• Mica
• Plastic Film Capacitor
• Tantalum
Sales Channels Covered:
• Distribution Channel
• Direct Sales
Installation Types Covered:
• Pole Mounted Capacitor Banks
• Open Rack Capacitor Banks
• Enclosed Rack Capacitor Banks
Applications Covered:
• Distributors
• Power Transmission
• Testing
• Semiconductor Manufacturing
• Power Supplies
• Oil & Gas Electronics
• Power Generation
• Motors
• Drivers & Inverters
• Defense Electronics
End Users Covered:
• Automotive Electronics
• Commercial
• Consumer Electronics
• Defense
• Energy & Power Sector
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global High Voltage Capacitors Market, By Type
5.1 Introduction
5.2 Ultra-High Voltage
5.3 High Voltage
6 Global High Voltage Capacitors Market, By Capacity
6.1 Introduction
6.2 Above 14000V
6.3 7001-14000V
6.4 1001-7000V
6.5 500-1000V
7 Global High Voltage Capacitors Market, By Technology
7.1 Introduction
7.2 Voltage-Sourced Converters (VSC)
7.3 Line Commutated Converters (LCC)
8 Global High Voltage Capacitors Market, By Dielectric
8.1 Introduction
8.2 Aluminum Electrolytic Capacitor (AEC)
8.3 Ceramic Capacitor
8.4 Mica
8.5 Plastic Film Capacitor
8.6 Tantalum
9 Global High Voltage Capacitors Market, By Sales Channel
9.1 Introduction
9.2 Distribution Channel
9.3 Direct Sales
10 Global High Voltage Capacitors Market, By Installation Type
10.1 Introduction
10.2 Pole Mounted Capacitor Banks
10.3 Open Rack Capacitor Banks
10.4 Enclosed Rack Capacitor Banks
11 Global High Voltage Capacitors Market, By Application
11.1 Introduction
11.2 Distribution
11.2.1 Capacitive Dividers for Electronic Voltage Transformer (EVT)
11.2.2 Capacitive Voltage Dividers
11.2.3 Capacitor for Lightning Overvoltage Monitoring
11.3 Power Transmission
11.3.1 Filter Capacitor
11.3.2 Coupling Capacitors
11.3.3 Thyristor Valve Capacitor
11.4 Testing
11.4.1 Reference Capacitors
11.4.2 Resistive-Capacitive (RC) Dividers
11.5 Semiconductor Manufacturing
11.6 Power Supplies
11.7 Oil & Gas Electronics
11.8 Power Generation
11.8.1 Grading Capacitors-Air-insulated switchgear
11.8.2 Grading Capacitors-Gas-insulated switchgear
11.8.3 P D Sensors
11.8.4 Transient Recovery Voltage (TRV) Capacitors-Air-insulated switchgear
11.8.5 Transient Recovery Voltage (TRV) Capacitors-Gas-insulated switchgear
11.9 Motors
11.10 Drivers & Inverters
11.11 Defense Electronics
12 Global High Voltage Capacitors Market, By End User
12.1 Introduction
12.2 Automotive Electronics
12.3 Commercial
12.4 Consumer Electronics
12.5 Defense
12.6 Energy & Power Sector
12.7 Industrial
13 Global High Voltage Capacitors Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 ABB
15.2 Alstom SA
15.3 Arteche
15.4 Crompton Greaves
15.5 Eaton Corporation
15.6 General Electric Company
15.7 Hitachi Ltd.
15.8 Kunshan GuoLi Electronic Technology Co., Ltd.
15.9 Kyocera Corporation
15.10 Maxwell Technologies
15.11 Murata Manufacturing
15.12 SABIC
15.13 Siemens AG
15.14 TDK Corporation
15.15 Vishay Intertechnology, Inc.
List of Tables
1 Global High Voltage Capacitors Market Outlook, By Region (2022-2030) ($MN)
2 Global High Voltage Capacitors Market Outlook, By Type (2022-2030) ($MN)
3 Global High Voltage Capacitors Market Outlook, By Ultra-High Voltage (2022-2030) ($MN)
4 Global High Voltage Capacitors Market Outlook, By High Voltage (2022-2030) ($MN)
5 Global High Voltage Capacitors Market Outlook, By Capacity (2022-2030) ($MN)
6 Global High Voltage Capacitors Market Outlook, By Above 14000V (2022-2030) ($MN)
7 Global High Voltage Capacitors Market Outlook, By 7001-14000V (2022-2030) ($MN)
8 Global High Voltage Capacitors Market Outlook, By 1001-7000V (2022-2030) ($MN)
9 Global High Voltage Capacitors Market Outlook, By 500-1000V (2022-2030) ($MN)
10 Global High Voltage Capacitors Market Outlook, By Technology (2022-2030) ($MN)
11 Global High Voltage Capacitors Market Outlook, By Voltage-Sourced Converters (VSC) (2022-2030) ($MN)
12 Global High Voltage Capacitors Market Outlook, By Line Commutated Converters (LCC) (2022-2030) ($MN)
13 Global High Voltage Capacitors Market Outlook, By Dielectric (2022-2030) ($MN)
14 Global High Voltage Capacitors Market Outlook, By Aluminum Electrolytic Capacitor (AEC) (2022-2030) ($MN)
15 Global High Voltage Capacitors Market Outlook, By Ceramic Capacitor (2022-2030) ($MN)
16 Global High Voltage Capacitors Market Outlook, By Mica (2022-2030) ($MN)
17 Global High Voltage Capacitors Market Outlook, By Plastic Film Capacitor (2022-2030) ($MN)
18 Global High Voltage Capacitors Market Outlook, By Tantalum (2022-2030) ($MN)
19 Global High Voltage Capacitors Market Outlook, By Sales Channel (2022-2030) ($MN)
20 Global High Voltage Capacitors Market Outlook, By Distribution Channel (2022-2030) ($MN)
21 Global High Voltage Capacitors Market Outlook, By Direct Sales (2022-2030) ($MN)
22 Global High Voltage Capacitors Market Outlook, By Installation Type (2022-2030) ($MN)
23 Global High Voltage Capacitors Market Outlook, By Pole Mounted Capacitor Banks (2022-2030) ($MN)
24 Global High Voltage Capacitors Market Outlook, By Open Rack Capacitor Banks (2022-2030) ($MN)
25 Global High Voltage Capacitors Market Outlook, By Enclosed Rack Capacitor Banks (2022-2030) ($MN)
26 Global High Voltage Capacitors Market Outlook, By Application (2022-2030) ($MN)
27 Global High Voltage Capacitors Market Outlook, By Distribution (2022-2030) ($MN)
28 Global High Voltage Capacitors Market Outlook, By Capacitive Dividers for Electronic Voltage Transformer (EVT) (2022-2030) ($MN)
29 Global High Voltage Capacitors Market Outlook, By Capacitive Voltage Dividers (2022-2030) ($MN)
30 Global High Voltage Capacitors Market Outlook, By Capacitor for Lightning Overvoltage Monitoring (2022-2030) ($MN)
31 Global High Voltage Capacitors Market Outlook, By Power Transmission (2022-2030) ($MN)
32 Global High Voltage Capacitors Market Outlook, By Filter Capacitor (2022-2030) ($MN)
33 Global High Voltage Capacitors Market Outlook, By Coupling Capacitors (2022-2030) ($MN)
34 Global High Voltage Capacitors Market Outlook, By Thyristor Valve Capacitor (2022-2030) ($MN)
35 Global High Voltage Capacitors Market Outlook, By Testing (2022-2030) ($MN)
36 Global High Voltage Capacitors Market Outlook, By Reference Capacitors (2022-2030) ($MN)
37 Global High Voltage Capacitors Market Outlook, By Resistive-Capacitive (RC) Dividers (2022-2030) ($MN)
38 Global High Voltage Capacitors Market Outlook, By Semiconductor Manufacturing (2022-2030) ($MN)
39 Global High Voltage Capacitors Market Outlook, By Power Supplies (2022-2030) ($MN)
40 Global High Voltage Capacitors Market Outlook, By Oil & Gas Electronics (2022-2030) ($MN)
41 Global High Voltage Capacitors Market Outlook, By Power Generation (2022-2030) ($MN)
42 Global High Voltage Capacitors Market Outlook, By Grading Capacitors-Air-insulated switchgear (2022-2030) ($MN)
43 Global High Voltage Capacitors Market Outlook, By Grading Capacitors-Gas-insulated switchgear (2022-2030) ($MN)
44 Global High Voltage Capacitors Market Outlook, By P D Sensors (2022-2030) ($MN)
45 Global High Voltage Capacitors Market Outlook, By Transient Recovery Voltage (TRV) Capacitors-Air-insulated switchgear (2022-2030) ($MN)
46 Global High Voltage Capacitors Market Outlook, By Transient Recovery Voltage (TRV) Capacitors-Gas-insulated switchgear (2022-2030) ($MN)
47 Global High Voltage Capacitors Market Outlook, By Motors (2022-2030) ($MN)
48 Global High Voltage Capacitors Market Outlook, By Drivers & Inverters (2022-2030) ($MN)
49 Global High Voltage Capacitors Market Outlook, By Defense Electronics (2022-2030) ($MN)
50 Global High Voltage Capacitors Market Outlook, By End User (2022-2030) ($MN)
51 Global High Voltage Capacitors Market Outlook, By Automotive Electronics (2022-2030) ($MN)
52 Global High Voltage Capacitors Market Outlook, By Commercial (2022-2030) ($MN)
53 Global High Voltage Capacitors Market Outlook, By Consumer Electronics (2022-2030) ($MN)
54 Global High Voltage Capacitors Market Outlook, By Defense (2022-2030) ($MN)
55 Global High Voltage Capacitors Market Outlook, By Energy & Power Sector (2022-2030) ($MN)
56 Global High Voltage Capacitors Market Outlook, By Industrial (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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