Water Cooled Capacitors Market Report 2024

This Water Cooled Capacitors market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The water-cooled capacitors market size has grown strongly in recent years. It will grow from $0.73 billion in 2023 to $0.79 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed during the historic period can be attributed to factors such as growing industrial development, increasing power density requirements, rising demand for heat management solutions, advancing energy efficiency initiatives, and the expansion of renewable energy systems.

The water-cooled capacitors market size is expected to see strong growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The projected growth during the forecast period can be attributed to several factors such as rising demand for electric vehicles (EVs), expansion of renewable energy projects, industrial automation and IoT integration, increasing investments in data centers, and supportive government policies and incentives. Key trends expected to drive this growth include the integration with smart grid technologies, miniaturization and compact designs, advancements in thermal management solutions, progress in material science, and a growing emphasis on sustainability and eco-friendly products.

The growing adoption of renewable energies is expected to drive the water-cooled capacitors market. Renewable energies, which include sources such as solar, wind, and hydropower, regenerate naturally and can be used repeatedly. The increasing adoption of these energy sources is attributed to their environmental benefits, lower costs, advancements in technology, and the rising demand for sustainable energy solutions. Water-cooled capacitors enhance the efficiency and reliability of renewable energy systems by effectively managing heat, which improves performance and extends the lifespan of equipment. For instance, in December 2024, the European Commission reported that the European Union (EU) achieved a 23% share of gross final energy consumption from renewable sources in 2022, a significant increase of approximately 21.9 percentage points from 2021. This growing adoption of renewable energies is expected to propel the water-cooled capacitors market.

The increasing emphasis on reducing carbon emissions is also expected to drive the water-cooled capacitors market. Carbon emissions, which are primarily caused by burning fossil fuels, deforestation, and industrial activities, contribute to global warming and climate change. Efforts to mitigate carbon emissions include utilizing renewable energy, improving energy efficiency, and implementing stricter environmental policies. Water-cooled capacitors contribute to lower carbon emissions by improving energy efficiency and reducing the need for additional cooling systems that consume more electricity. For example, in March 2024, the European Environment Agency reported a 2% reduction in greenhouse gas emissions across the European Union in 2022 compared to 2021 levels. This increasing focus on reducing carbon emissions is expected to drive the growth of the water-cooled capacitors market.

In November 2022, CAP-XX Limited, an Australia-based supercapacitor manufacturing company, partnered with Marine Edge. This collaboration aims to enhance sustainability in maritime transportation by integrating CAP-XX’s liquid-cooled supercapacitor modules into Marine Edge’s PowerEdge system. Marine Edge, based in Israel, specializes in maritime technology.

Major companies operating in the water cooled capacitors market are GE Vernova company, Vishay Intertechnology Inc., Cornell Dubilier, Shreem Electric Ltd., Rectiphase Capacitors, Sailing Tech (International) Limited, Clariant Power System Ltd., High Energy Corp., ZEZ SILKO Ltd., K. S. Electromech Private Limited, Yesha Electricals Pvt. Ltd., Celem, Magnewin Energy Pvt. Ltd., Monster Lighting Industries, Marxelec Energy PVT.LTD, MERSEN EP, Usha Electric Power Pvt. Ltd., B. J. S. Electro Tech, Latkan Electrical Electronics Services, Amp Volt Control.

Europe was the largest region in the water-cooled capacitors market in 2023. The regions covered in the water cooled capacitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the water cooled capacitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Water-cooled capacitors are devices designed to store and discharge electrical energy in various electronic circuits, featuring water-based cooling systems to effectively manage and dissipate heat. They are essential in high-power applications such as industrial equipment, automotive technology, and renewable energy systems, where reliable and efficient performance is critical.

The main types of water-cooled capacitors include induction furnace (IF) water-cooled capacitors and high-frequency water-cooled capacitors. Induction furnace (IF) water-cooled capacitors are specialized for use in induction heating systems, managing high power and frequency. They offer energy-efficient performance and reliable operation by dissipating heat generated during use, thereby ensuring longevity and stability. Capacitors come in various types such as polypropylene, ceramic, and aluminum, with voltage ratings ranging from low to high. They are used in applications including heating and melting, resonant circuits or radio frequency (RF), medical imaging, plasma applications, wireless power transfer, and electric vehicle (EV) charging. These capacitors serve multiple end-use industries such as automotive, aerospace, steel, railways, oil and gas, renewables, and others.

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

The water-cooled capacitor market consists of sales of customized water-cooled capacitors, modular water-cooled capacitors, hybrid water-cooled capacitors, and compact water-cooled capacitors. 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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