A recent report published by Infinium Global Research on high voltage capacitor market provides in-depth analysis of segments and sub-segments in the global as well as regional high voltage capacitor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional high voltage capacitor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global high voltage capacitor market. According to the report, the global high voltage capacitor market is projected to grow at a CAGR of 7.6% over the forecast period of 2019-2025.
The capacitors are generally used for high efficient energy transmissions and the latest requirements to meet energy needs. High-voltage capacitors find widespread use as filters in applications, such as switching power supplies for audiovisual and business equipment (computers, modems, and fax machines) and in lighting ballasts. Excellent performance of high voltage capacitors at high frequencies has made them a choice of design engineers worldwide. Additionally, their use in power supplies, these capacitors are widely used in industries associated with telecommunications, medical, defense and aerospace, semiconductor and test/diagnostic equipment. High-voltage capacitors offer the same benefits as any other multilayer monolithic ceramic capacitors (MLCCs). The basic working principle of capacitor used in an AC system provides lead to the voltage and it also delivers reactive power addition that is often essential to counter the reactive power absorption by the inductive devices.
Growing demand for electricity is the major driving factor of the high voltage capacitor market. Furthermore, factors such as a decrease in transmission losses during bulk power transmission over long distances, supportive government regulations for energy trade and power network interconnection are also driving the growth of the market. The augmented power generation by renewable energy and innovative technological upgradations from the power market are fueling market growth. However, inconsistency in the cost of raw materials such as plastic, and high voltage hazards associated with the high voltage capacitors hamper the growth of the market during the future. Moreover, continuous developments and innovation in the energy and power sector are expected to provide wide opportunities to the market players.
Geographically, Asia-Pacific dominates the high voltage capacitor market due to the rising demand for electricity by end-use industries such as automotive, textile and information technology. In the Asia-Pacific region, a huge expansion of industrialization and urbanization has spiked power consumption capacities and the distribution systems operating in the region is now adopting advanced technologies for reactive power compensation.
The report on global high voltage capacitor market covers segments such as dielectric, capacity, and applications. On the basis of dielectric, the sub-markets include plastic film, ceramic, aluminum electrolytic, and other dielectrics. On the basis of capacity, the sub-markets include 500-1000v, 1001-7000v, 7001-14000v, and above 14000v. On the basis of applications, the sub-markets include power generation, transmission, distribution, and other applications.
The report provides profiles of the companies in the market such as RTDS Technologies, Eaton Corporation PLC, ABB Ltd, Alstom SA, Maxwell Technologies Inc., Siemens AG., TDK Corporation, Samwha Capacitor Co Ltd., General Atomics, Inc., Sieyuan Electric, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of high voltage capacitor market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.