Report Ocean published a new report on the high voltage capacitor market. The study includes an in-depth analysis of regional trends and market growth in North America, Europe, Asia-Pacific, and Middle East Africa. This study report also examines the challenges that are negatively impacting the industry’s growth and outlines a strategy adopted by companies during 2021 to 2030.
The global high voltage capacitor market value was US$ 11.5 billion in 2020. The high voltage capacitor market is forecast to reach US$ 30 billion by 2030, with a growing compound annual growth rate (CAGR) of 9.5% during the forecast period from 2021-2030.
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Reactive power from high voltage capacitors enhances the performance, quality, and efficiency of systems. The pulse power system or pulse shaping uses it under the oil for pulsing. The capacitors consist of foil electrode windings and dielectric materials. A series of pivoting plastic cases contains the capacitors, which are vacuum-dried and infused with an insulating liquid before being vacuum-dried and stored.
Factors Influencing the Market Growth
A number of factors drive the global high voltage capacitor market, including an increase in grid infrastructure for better electricity accessibility, an increase in demand for ceramic multilayer capacitors, and others.
The reduction of transmission losses during bulk power transmission over long distances, supportive regulations for energy trade and interconnection of power grids, and technological advancements are all driving the global demand of the market.
High voltage hazards pose a threat to the growth of the global high voltage capacitor market.
Due to the increasing demand from various industries and regions, HV capacitors are now experiencing several exciting opportunities in the global market.
Impact Analysis of COVID-19
With the outbreak of COVID-19 in China and its spread throughout numerous countries globally, manufacturing activities in industrial sectors ceased, affecting high voltage capacitor manufacturing.
COVID-19 also posed a challenge in procuring raw materials.
The government revenue streams of numerous countries were cut, which hampered government-funded transmission and distribution projects. As a result, the demand for high voltage capacitors decreased.
As the economies of a number of countries begin to recover, government-funded transmission and distribution projects could resume immediately. It would increase the demand for high voltage capacitors.
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Regional Analysis
In terms of revenue, Asia Pacific anticipates growing at a higher CAGR during the forecast period. As a result of increasing investments in the electricity sector and power transmission networks, the transmission capacity increased. The power consumption capability of Asia-Pacific has increased due to industrialization and urbanization.
While governments in several Asia Pacific countries are inducing higher investments in their grid connection projects, they also have a responsibility to use efficient and reliable power transmission networks.
Leading Competitors
The leading prominent companies profiled in the global high voltage capacitor market are:
ABB LTD.
Arteche Group
Avx Corporation
General Electric
Lifasa
Maxwell Technologies
Presco AG
Siemens AG
TDK Corporation
Vishay Intertechnology, INC.
Other Prominent Players
Scope of the Report
The global high voltage capacitor market segmentation focuses on Application, Dielectric, Capacity, and Region.
Segmentation based on Application
Power Generation
Distribution
Transmission
Others
Segmentation based on Dielectric
Plastic film Capacitor
Ceramic Capacitor
Aluminum Electrolytic Capacitor (AEC)
Others
Segmentation based on Capacity
500-1000V
1001-7000V
7001-14000V
Above 14000V
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Aim of the Report
This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.
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