According to a new report published
by Allied Market Research, titled, “High
Voltage Capacitor Market by Dielectric, Capacity and Application:
Global Opportunity Analysis and Industry Forecast, 2018-2025,"the global
high voltage capacitor market was valued at USD 1,779.90 million in 2017 and is
projected to reach USD 3,307.10 million by 2025, growing at a CAGR of 8.0% from
2018 to 2025. A capacitor is a dual-terminal electrical component utilized to
store energy electrostatically in an electronic field. The arrangements of
capacitors differ; however, each includes at least two electrical conductors
detached by a dielectric that is also known as an insulator. Capacitors are
broadly employed in electrical energy systems and components. High voltage (HV)
capacitors are passive electronic that consist of two conducting plates
separated by an insulating material called the dielectric. High Voltage
Capacitors are responsible for storing charge and energy for use in high
voltage applications.
High voltage capacitors market is
experiencing significant growth due to increase in their demand from end-use
industries, such as electronics & semiconductor. High voltage capacitors
are used in these industries owing to their high-temperature stability &
outstanding insulation properties. . They are also used for other applications
such as automotive industry and wear parts, chemical & process technology,
medical, and others. However, variability in cost of raw materials such as
plastic, and high voltage hazards related to the high voltage capacitors, are
anticipated to hinder the market growth during the forecast period. On the
contrary, continuous advancements and innovation in the energy and power sector
are anticipated to create lucrative opportunities during the forecast period.
The global high voltage capacitors
market is segmented based on dielectric, application, capacity, and region. In
accordance with dielectric, the market can be categorized intoplastic film,
ceramic, aluminum, electrolytic, and others. The plastic film high voltage
capacitor is estimated to account for a major share in the global high voltage
capacitor market. This is attributed to the growth in manufacture and sale of
consumer electronics such as smartphone, laptops, cellphones, digital cameras,
which is projected to boost the demand for plastic film capacitor.
The applications covered in the
study comprise power generation, transmission, distribution, and others. The
power transmission segment accounts for a major share in the global high
voltage capacitor market due to growth in use of high voltage capacitors in the
power transmission application.
Based on capacity, the market is
classified as 500-1000V, 1001-7000V, 7001-14000V, and above 14000V. The
500-1000V capacitors is estimated to account for a major share owing to rise in
its use in industrial electronics, power supplies, and high-end electronics.
Internally and externally fused capacitors, ceramic capacitors, and aluminum
electrolyte capacitors are the examples of the capacitors in this range.
Based on region, the market is
analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific
accounts for a major share in the global high voltage capacitor market due to
rise in industrialization and increase in demand for electricity from end use
industries such as automotive, information technology, and textile. Initiatives
by governments across India and China to increase the electrification rate by
expanding the electricity distribution infrastructure are expected to drive the
demand for high voltage capacitor, especially in the power grid infrastructure.
Key Findings of the High Voltage Capacitor Market:
The Asia-Pacific high voltage
capacitors market is projected to grow at a highest CAGR of nearly 7.50%, in
terms of revenue, during the forecast period.
The European high voltage capacitor
market is anticipated to witness moderate growth rate of 9.90%, in terms of
revenue, during the forecast period.
North America dominated the high
voltage capacitor market with a revenue share of over 17.73% in 2017.
Market players have adopted
agreement, acquisition, collaboration, partnership, expansion, and product
& technology launch to gain competitive advantage in this market. The key
players profiled in this report include General Electric, ABB Ltd., TDK
Corporation, AVX Corporation, Maxwell Technologies, Siemens AG, Arteche Group,
Presco AS, Vishay Intertechnology Inc., and Lifasa. For instance, TDK
corporation launched High Voltage EPCOS Y2 Film Capacitor Series for EMI
suppression. This new series is designed for rated voltages of 300V AC, and
offers a permissible rated voltage of 350V AC.
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