고전압 커패시터 시장 예측(-2030년) : 유형별, 용량별, 기술별, 유전체별, 판매채널별, 설치 유형별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global High Voltage Capacitors Market is accounted for $18.50 billion in 2024 and is expected to reach $36.31 billion by 2030 growing at a CAGR of 11.9% during the forecast period. High-voltage capacitors are specialized devices designed to store and release electrical energy in high-voltage circuits, typically ranging from a few kilovolts (kV) to several hundred kV. They are crucial in applications like power transmission, distribution, and various industrial processes. These capacitors often use materials like ceramic, glass, or polypropylene for their dielectric properties and are encased in robust insulating materials to handle high stress and prevent leakage. Their primary functions include power factor correction, voltage stabilization, and energy storage.

According to the International Energy Agency (IEA), electricity demand in India is expected to grow at an annual rate of 6.5% between 2022 and 2024.

Market Dynamics:

Driver:

Increasing demand for electricity

The rising demand for electricity is a key driver in the high-voltage capacitor market. As global populations and urbanization grow, the need for reliable power supplies escalates. High-voltage capacitors are crucial in electrical transmission and distribution networks, where they enhance power quality, increase efficiency, and stabilize voltage levels. The expansion of renewable energy sources like wind and solar, which require robust grid infrastructure, also fuels demand for these capacitors. Additionally, the development of smart grids and electrification of transport systems further intensifies the need for high-voltage capacitors, ensuring the efficient handling of increased power loads.

Restraint:

High cost of raw materials

The high cost of raw materials is a significant restraint in the high-voltage capacitor market, primarily due to the reliance on expensive components such as polypropylene films, tantalum, and ceramic powders. These materials are essential for achieving the desired electrical performance and reliability but are subject to price volatility and supply chain disruptions. Additionally, the need for high purity and specific manufacturing processes further elevates costs. This financial burden can limit production scalability and increase the final product price.

Opportunity:

Technological upgrade of the old grid infrastructure

The technological upgrade of old grid infrastructure presents a significant opportunity in the high-voltage capacitor market. Aging grids, especially in developed regions, require modernization to enhance efficiency, reliability, and integration with renewable energy sources. High-voltage capacitors are crucial in this upgrade, offering improved power quality, reduced transmission losses, and enhanced system stability. They enable the grid to handle higher voltages and increased demand, supporting the transition to smart grids and the adoption of advanced technologies like energy storage and electric vehicles.

Threat:

Unmet demand due to pandemic

During the COVID-19 pandemic, the high-voltage capacitor (HVC) market faced significant unmet demand due to multiple disruptions. Supply chain constraints hindered the availability of raw materials and components, leading to production delays and shortages. Lockdowns and workforce limitations further affected manufacturing capacity. Concurrently, reduced industrial activity and postponed infrastructure projects decreased short-term demand, exacerbating the mismatch between supply and demand.

Covid-19 Impact:

The COVID-19 pandemic significantly disrupted the high-voltage capacitor market. The immediate impacts included supply chain interruptions and delays in manufacturing due to lockdowns and restrictions on international trade. Demand fluctuated as key industries like energy, automotive, and infrastructure faced economic slowdowns and project postponements. However, the market saw a rebound driven by increasing investments in renewable energy and smart grid technologies, reflecting a shift towards sustainability and modernization in energy infrastructure.

The Aluminum electrolytic capacitor (AEC) segment is expected to be the largest during the forecast period

The aluminum electrolytic capacitor (AEC) segment is experiencing notable growth in the high-voltage capacitor market due to several factors. Increasing demand for energy-efficient solutions in power electronics, renewable energy systems, and electric vehicles (EVs) is driving this trend. AECs are favored for their high capacitance per unit volume, which makes them ideal for applications requiring bulk energy storage and high ripple current capabilities. Advances in manufacturing techniques have also enhanced their performance and reliability, making them more competitive against other capacitor types. The growing focus on compact, lightweight electronic designs further accelerates the adoption of AECs in high-voltage applications.

The Semiconductor manufacturing segment is expected to have the highest CAGR during the forecast period

The semiconductor manufacturing segment is significantly driving growth in the high-voltage capacitor market due to its increasing demand for reliable and efficient energy storage solutions. With the rise in semiconductor production for electronics, electric vehicles, and renewable energy applications, there's a heightened need for capacitors that can handle high voltages and ensure stability in complex circuits. High-voltage capacitors offer superior energy density and thermal management, which are essential for modern semiconductor fabrication processes. Their ability to support higher voltage thresholds enhances the performance and longevity of semiconductor devices, fuelling their adoption and market expansion.

Region with largest share:

The high-voltage capacitor market in North America is experiencing significant growth, driven by increased investments in renewable energy and upgrades to aging power infrastructure. The U.S. and Canada are expanding their renewable energy projects, such as wind and solar power, which require advanced energy storage and grid stability solutions provided by high-voltage capacitors. Additionally, the transition towards smart grids and electric vehicles is boosting demand for efficient energy transmission, further propelling market expansion. Technological advancements and government incentives for energy efficiency are also fostering innovation and the adoption of high-voltage capacitors across the region.

Region with highest CAGR:

The Asia-Pacific region is experiencing robust growth in the high-voltage capacitor market. This growth is driven by rapid industrialization, urbanization, and the expansion of power infrastructure to meet the increasing energy demands in countries like China, India, and Japan. Investments in renewable energy projects and advancements in smart grid technologies also contribute to the rising demand for high-voltage capacitors. Furthermore, government initiatives aimed at upgrading and modernizing electrical grids enhance market opportunities.

Key players in the market

Some of the key players in High Voltage Capacitors market include ABB, Alstom SA, Arteche, Crompton Greaves, Eaton Corporation, General Electric Company, Hitachi Ltd., Kunshan GuoLi Electronic Technology Co., Ltd., Kyocera Corporation, Maxwell Technologies, Murata Manufacturing, SABIC, Siemens AG, TDK Corporation and Vishay Intertechnology, Inc.

Key Developments:

In June 2024, Saudi Basic Industries Corp. (SABIC) announced forming a joint venture with ExxonMobil to build an ethylene plant in Corpus Christi, Texas. It also proposed building a Houston headquarters for its Western Hemisphere operations as the Middle East's dominant chemical maker seeks to capitalize on the US shale boom.

In June 2024, Kyocera Document Solutions South Africa has appointed Omane Sokapase as the new Hardware Product Manager. With a wealth of experience and a robust educational background, Sokapase brings a strategic and innovative approach to this key role.

Types Covered:

• Ultra-High Voltage
• High Voltage

Capacities Covered:

• Above 14000V
• 7001-14000V
• 1001-7000V
• 500-1000V

Technologies Covered:

• Voltage-Sourced Converters (VSC)
• Line Commutated Converters (LCC)

Dielectrics Covered:

• Aluminum Electrolytic Capacitor (AEC)
• Ceramic Capacitor
• Mica
• Plastic Film Capacitor
• Tantalum

Sales Channels Covered:

• Distribution Channel
• Direct Sales

Installation Types Covered:

• Pole Mounted Capacitor Banks
• Open Rack Capacitor Banks
• Enclosed Rack Capacitor Banks

Applications Covered:

• Distributors
• Power Transmission
• Testing
• Semiconductor Manufacturing
• Power Supplies
• Oil & Gas Electronics
• Power Generation
• Motors
• Drivers & Inverters
• Defense Electronics

End Users Covered:

• Automotive Electronics
• Commercial
• Consumer Electronics
• Defense
• Energy & Power Sector
• Industrial

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global High Voltage Capacitors Market, By Type

• 5.1 Introduction
• 5.2 Ultra-High Voltage
• 5.3 High Voltage

6 Global High Voltage Capacitors Market, By Capacity

• 6.1 Introduction
• 6.2 Above 14000V
• 6.3 7001-14000V
• 6.4 1001-7000V
• 6.5 500-1000V

7 Global High Voltage Capacitors Market, By Technology

• 7.1 Introduction
• 7.2 Voltage-Sourced Converters (VSC)
• 7.3 Line Commutated Converters (LCC)

8 Global High Voltage Capacitors Market, By Dielectric

• 8.1 Introduction
• 8.2 Aluminum Electrolytic Capacitor (AEC)
• 8.3 Ceramic Capacitor
• 8.4 Mica
• 8.5 Plastic Film Capacitor
• 8.6 Tantalum

9 Global High Voltage Capacitors Market, By Sales Channel

• 9.1 Introduction
• 9.2 Distribution Channel
• 9.3 Direct Sales

10 Global High Voltage Capacitors Market, By Installation Type

• 10.1 Introduction
• 10.2 Pole Mounted Capacitor Banks
• 10.3 Open Rack Capacitor Banks
• 10.4 Enclosed Rack Capacitor Banks

11 Global High Voltage Capacitors Market, By Application

• 11.1 Introduction
• 11.2 Distribution
  • 11.2.1 Capacitive Dividers for Electronic Voltage Transformer (EVT)
  • 11.2.2 Capacitive Voltage Dividers
  • 11.2.3 Capacitor for Lightning Overvoltage Monitoring
• 11.3 Power Transmission
  • 11.3.1 Filter Capacitor
  • 11.3.2 Coupling Capacitors
  • 11.3.3 Thyristor Valve Capacitor
• 11.4 Testing
  • 11.4.1 Reference Capacitors
  • 11.4.2 Resistive-Capacitive (RC) Dividers
• 11.5 Semiconductor Manufacturing
• 11.6 Power Supplies
• 11.7 Oil & Gas Electronics
• 11.8 Power Generation
  • 11.8.1 Grading Capacitors-Air-insulated switchgear
  • 11.8.2 Grading Capacitors-Gas-insulated switchgear
  • 11.8.3 P D Sensors
  • 11.8.4 Transient Recovery Voltage (TRV) Capacitors-Air-insulated switchgear
  • 11.8.5 Transient Recovery Voltage (TRV) Capacitors-Gas-insulated switchgear
• 11.9 Motors
• 11.10 Drivers & Inverters
• 11.11 Defense Electronics

12 Global High Voltage Capacitors Market, By End User

• 12.1 Introduction
• 12.2 Automotive Electronics
• 12.3 Commercial
• 12.4 Consumer Electronics
• 12.5 Defense
• 12.6 Energy & Power Sector
• 12.7 Industrial

13 Global High Voltage Capacitors Market, By Geography

• 13.1 Introduction
• 13.2 North America
  • 13.2.1 US
  • 13.2.2 Canada
  • 13.2.3 Mexico
• 13.3 Europe
  • 13.3.1 Germany
  • 13.3.2 UK
  • 13.3.3 Italy
  • 13.3.4 France
  • 13.3.5 Spain
  • 13.3.6 Rest of Europe
• 13.4 Asia Pacific
  • 13.4.1 Japan
  • 13.4.2 China
  • 13.4.3 India
  • 13.4.4 Australia
  • 13.4.5 New Zealand
  • 13.4.6 South Korea
  • 13.4.7 Rest of Asia Pacific
• 13.5 South America
  • 13.5.1 Argentina
  • 13.5.2 Brazil
  • 13.5.3 Chile
  • 13.5.4 Rest of South America
• 13.6 Middle East & Africa
  • 13.6.1 Saudi Arabia
  • 13.6.2 UAE
  • 13.6.3 Qatar
  • 13.6.4 South Africa
  • 13.6.5 Rest of Middle East & Africa

14 Key Developments

• 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 14.2 Acquisitions & Mergers
• 14.3 New Product Launch
• 14.4 Expansions
• 14.5 Other Key Strategies

15 Company Profiling

• 15.1 ABB
• 15.2 Alstom SA
• 15.3 Arteche
• 15.4 Crompton Greaves
• 15.5 Eaton Corporation
• 15.6 General Electric Company
• 15.7 Hitachi Ltd.
• 15.8 Kunshan GuoLi Electronic Technology Co., Ltd.
• 15.9 Kyocera Corporation
• 15.10 Maxwell Technologies
• 15.11 Murata Manufacturing
• 15.12 SABIC
• 15.13 Siemens AG
• 15.14 TDK Corporation
• 15.15 Vishay Intertechnology, Inc.