High Voltage Capacitor Global Market Report 2024

High voltage capacitors are essential components for storing charge and energy in applications requiring high voltage. These capacitors, characterized by a cylindrical shape with a flat cover or semi-spherical envelope, a sealing element, and additional accessories, are crucial in large pulse power systems for tasks like pulse shaping or peaking. They are particularly valued for their low-loss and lightweight properties, often immersed in oil for optimal performance.

The primary categories of high voltage capacitors encompass high voltage plastic film capacitors, high voltage aluminum electrolytic capacitors, high voltage ceramic capacitors, and other variants. High voltage plastic film capacitors leverage a thin plastic film as the dielectric, making them suitable for high-frequency, high-power applications, as well as pulsed power energy discharge scenarios. Capacities of high voltage capacitors are classified into ranges such as 500-1000V, 1001-7000V, 7001-14000V, and above 14000V. These capacitors find crucial applications in power generation, distribution, and transmission systems.

The high voltage capacitor research report is one of a series of new reports that provides high voltage capacitor statistics, including high voltage capacitor industry global market size, regional shares, competitors with high voltage capacitor shares, detailed high voltage capacitor segments, market trends and opportunities, and any further data you may need to thrive in the high voltage capacitor industry. This high voltage capacitor research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The high voltage capacitor market size has grown strongly in recent years. It will grow from $1.71 billion in 2023 to $1.81 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed during the historic period in the high voltage capacitor market can be attributed to several factors, including the rise in demand for electrical grid infrastructure, increased power generation activities, a surge in renewable energy integration, and heightened investment in research and development. These factors collectively contributed to the expansion of the high voltage capacitor market during the historical period.

The high voltage capacitor market size is expected to see strong growth in the next few years. It will grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period in the high voltage capacitor market can be attributed to various factors, including the increasing adoption of electric vehicles (EVs), the expansion of high voltage direct current (HVDC) systems, rising integration of renewable energy sources, the growing adoption of industrial automation, and an increased focus on power quality enhancement. Major trends expected during this period include a trend towards miniaturization, the importance of DC link capacitors in various applications, advancements in power electronics, the development of smart grids, progress in material technologies, and the demand for customization and specialized applications. These trends reflect the evolving landscape of the high voltage capacitor market in response to technological advancements and industry demands.

The high voltage capacitor market is experiencing substantial growth due to the increasing demand for electricity. This surge is expected to be significant, driven by the rising need for consumer durables and IT hardware, incorporating electrical circuitry across diverse applications. Multilayer ceramic capacitors play a crucial role in enhancing electricity accessibility in grid infrastructure. As per the International Energy Agency (IEA), the demand for electricity in India is projected to grow at an annual rate of 6.5% from 2022 to 2024, fueled by escalating consumption. Consequently, the global high-voltage capacitor market is anticipated to witness growth in response to the heightened demand for electricity.

The high voltage capacitor market is set to experience growth propelled by the increasing demand for renewable energy sources. Termed 'clean' or 'green' energy, renewables rely on naturally occurring replenishable resources. High-voltage capacitors play a vital role in energy storage systems, voltage regulation, power factor improvement, and transient voltage protection within renewable energy setups. Notably, a report by the International Energy Agency in July 2023 indicated an over 8% increase in renewable energy production from sources like solar, wind, hydropower, geothermal, and ocean in 2022. This surge in renewable energy demand is a significant driver for the high voltage capacitor market.

A prominent trend shaping the high voltage capacitor market is the technological upgrade of existing grid infrastructure. Companies in this market are actively involved in upgrading and expanding older electric grids to enhance their capacity for transmitting electricity from renewable sources and improve overall resilience. For instance, Yageo Corporation, a Taiwan-based leader in passive electronic component manufacturing, including high voltage capacitors, introduced high voltage high capacitance MLCCs in January 2022. The Yageo HCV X7R, with a capacitance of 47 uF and a rated voltage of 100 volts, stands out for its capabilities. Yageo's strategic move includes the opening of a new facility in 2023, ensuring additional production capacity to meet the expanding demand and reinforcing its competitiveness in providing HCV MLCCs.

Major players in the high voltage capacitor market are strategically focusing on innovative product offerings to boost their revenues. A notable example is Vishay Intertechnology Inc., a prominent US-based electronics manufacturer, which introduced high-value high-voltage combined aluminum capacitors in December 2022. The 202 PML-ST screw terminal aluminum electrolytic capacitor series stands out for its practical design, enabling designers to store more energy in less space. Featuring 11 small package outline sizes ranging from 35 mm x 60 mm to 90 mm x 220 mm, these capacitors offer higher capacitance/voltage (CV) values compared to previous generations. With a ripple at +85°C, a current capacity of up to 49.6 A, low ESR as 2 m, and a lifespan of up to 10,000 hours, these RoHS-compliant devices are suitable for various pulsed power filtering, buffering, and energy storage applications, catering to a lifespan requirement of 10 to 15 years. The innovative design and enhanced performance make these capacitors a significant driver for revenue growth in the high voltage capacitor market.

In December 2021, BorgWarner Inc., a leading US-based company specializing in the design and manufacture of electrical products, entered into a partnership with PolyCharge America Inc. This collaboration aimed at increasing the efficiency of BorgWarner's products, particularly in the realm of hybrid and electric vehicles. The partnership secured exclusive rights for BorgWarner to incorporate PolyCharge NanoLamTM capacitors in its products. PolyCharge America Inc., the US-based partner in this venture, is a manufacturer specializing in high voltage capacitors. This strategic alliance underscores the importance of collaboration and technological advancements in the high voltage capacitor market, with a specific focus on meeting the evolving demands in the electric vehicle sector.

Major companies operating in the high voltage capacitor market include Asea Brown Boveri Ltd., Siemens AG, Alstom SA, Eaton Corporation PLC., ZEZ SILKO Ltd., AVX Corporation., Nissin Food Products Co. Ltd., International Capacitors SA Lifasa, Sieyuan Electric Co. Ltd., General Atomics Aeronautical Systems Inc., RTDS Technologies Inc., Presco AG, Vishay Intertechnology Inc., Clariant Power System Limited, GE BE PRIVATE LIMITED., Maxwell Technologies., TDK Corporation., Murata Manufacturing Co. Ltd., Crompton Greaves Consumer Electricals Ltd., W. S. Test Systems Private Limited., Hitachi Ltd., Nippon Chemi-Con Corporation., KYOCERA Corporation, YAGEO Corporation, Taiyo Yuden Co. Ltd., Panasonic Holdings Corporation., KEMET Corporation., Darfon Electronics Corporation, Johanson technology Inc., Cornell Dubilier Electronics Inc., Illinois Capacitor Inc., Kendeil S.r.l., Nichicon Corporation, Rubycon Corporation

North America was the largest region in the high voltage capacitor market in 2023. Asia-Pacific is expected to grow at the highest CAGR in the forecast period. The regions covered in the high voltage market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the high voltage capacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The high voltage capacitor market consists of sales chips, stack and radials.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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