High-voltage Capacitors Market

Market Definition:

The High-voltage Capacitor Market was valued at USD 12.36 billion in 2021 and is predicted to reach USD 28.74 billion by 2030 with a CAGR of 10.1% from 2022 to 2030.

A high-voltage capacitor (HVC) is a dual-terminalelectrical component utilized to store energy in an electric field.  These terminals are set apart by an insulating material called dielectric material. Capacitors are also referred to as the Big Three Passive Components that includeCoil, Capacitor, and Resistance,which are the basics of electronic circuits.

The capacitors are one of the most important electric components used in almost every electric device and equipment such as fans, cameras, and AC &DC converters among others. It hasa power capacity ranging from 25 volts for household electronics to 1000 volts for specialized industrial equipment. It offers power flow control and reliability as well as power system segmentation to enhance theflexibility of the grid.

Market Dynamics and Trends

The growing presence of developed infrastructure coupled with technological advancements such as improved transmission capacities and increased power generation that require the use of polarized capacitors are important factors driving the growth of the high-voltage capacitor market.

Also, factors such as increasing demand forenergy supply, growing demand for multilayer ceramic capacitors in DC motorsalong with an increase in the usageof electrical appliances across the world that utilizecapacitorsare expected to propel the growth of the market during the forecast period.

Moreover, with theincrease inthe utilization of consumer electronic products, there has been a growthin the production of mobile phones, multimedia players, televisions, and smart televisions that employ ceramic and electrolytic capacitors, whichis thereby driving the growth of the HVC market. The hazards caused byleakage, explosion, or fire due to overheating hinder the growth of the market. Furthermore, thefluctuations in the cost of raw materials such as plastic adversely impact the market demand.

On the contrary, the development of the renewable energy marketand the application of capacitors in solar panel inverters &wind turbinesare expected to offer lucrative opportunitiesfor the high-voltage capacitor market during the forecast period.

Market Segmentations and Scope of the Study

The high-voltage capacitor market is segmented based on type, capacity, application, and geography. Based on type, the market is divided into metallized film capacitor, oil-filled capacitor, pulse capacitor, and ceramic capacitor. Based on capacity, the market is classified into 500-1000V, 1001-7000V, 7001-14000V, and above 14000V. Based on application, the market is categorized into power generation, transmission, distribution, and others. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominates the global high-voltage capacitor marketand is expected to remain dominant in the market throughout the forecast period. This is attributed to the growing number of large industries in this regionthat results in the high adoption of high-voltage capacitors for transmission systems to connect the generation system with the load. Moreover, acquisitions and mergers havecontributed largely to the growth of locally established manufacturers, thereby fueling the market growth in this region.

For instance, in December 2020, Cornell Dubilier Electronics, a US-based manufacturer of high-quality capacitors, acquired the high-voltage capacitor production systems of NWL. This acquisition greatly expands Cornell Dubilier’s capabilities in custom capacitors required for various end users.

The Asia-Pacific region is expected to show swift growth in the high-voltage capacitormarket during the forecast period,due to the high population penetrationthat results in the rising need forelectrical productsand growing demand forenergy supply.

Also, the growth in real-time monitoring of energy-consuming devicesinvolving high-voltage capacitors is expected to boost the market growth in this region. Moreover, the presence oflarge industrial key players of high-voltage capacitorssuch as ABB Ltd., Siemens Ltd., and Eaton Corporation Plc are factors expected to propel the market growth.

For instance, in December 2020, Eaton announced that it would support the State Grid Corporation of China (SGCC) by addingmore renewables to its grid. It helped move the Qinghai-Henan ultra-high-voltage direct current (UHV) project forward with the rapid delivery and commissioning of capacitors. Once completed, the project is expected tobe the world’s first UHV transmission system designed for the outward transmission of clean energy.

Competitive Landscape

The high-voltage capacitor market comprises various market players such as General Electric, ABB Ltd., TDK Corporation, Eaton, KYOCERA AVX Components Corporation, Maxwell Technologies, Siemens AG, Arteche, Hitachi Energy Ltd., and Vishay Intertechnology Inc., among others. These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product portfolios and increase their growth and geographical reach.

For instance, in April 2020, ABB signed a five-year framework contract with ISAworth around USD 100 million. The contract also includes the supply of air-insulated switchgear (AIS) equipment and gas-insulated switchgear (GIS) along with the protection of the electrical network.

Also, in February 2021, TDK Corporation launched a new product named EPCOS aluminum electrolytic capacitor series B43548 with snap-in terminals. This new product has an excellent maximum ripple current capability of 9.80A and a high level of robustness compared to rapid charging. It is utilized in varied applications including power electronics, medical devices, and industrial power suppliers.

 

Key Benefits

• The high-voltage capacitor market report provides aquantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the high-voltage capacitor market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities and their impact on the high-voltage capacitor market is provided in the report.

• The competitive analysis of the market players along with their market share in the high-voltage capacitor market

• The SWOT analysis and Porter’s Five Forces model areelaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments

By Type

• Metallized Film Capacitor

• Oil-filled Capacitor

• Pulse Capacitor

• Ceramic Capacitor

By Capacity

• 500-1000V

• 1001-7000V

• 7001-14000V

• Above 14000V

By Application

• Power Generation

• Transmission

• Distribution

• Others

By Geography

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining countries

Key Players

• General Electric

• ABB Ltd.

• TDK Corporation

• Eaton

• KYOCERA AVX Components Corporation.

• Maxwell Technologies

• Siemens AG

• Arteche 

• Hitachi Energy Ltd. 

• Vishay Intertechnology Inc

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2021–2030
Base Year Considered	2021
Forecast Period	2022–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Type (Metallized Film Capacitor, Oil-filled Capacitor, Pulse Capacitor, Ceramic Capacitor), By Capacity (500-1000V, 1001-7000V, 7001-14000V, Above 14000V) By Application (Power Generation, Transmission, Distribution)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining countries)
Companies Profile	General Electric, ABB Ltd., TDK Corporation, Eaton, KYOCERA AVX Components Corporation, Maxwell Technologies, Siemens AG, Arteche, Hitachi Energy Ltd., Vishay Intertechnology Inc