Global High-Voltage Capacitor Market Summary
Power quality is an important consideration for grid operators and large industrial power users who face different network challenges. Grid operators are challenged with minimizing losses over long transmission lines, integrating renewable generation (e.g., wind, solar) and providing voltage support during unplanned network events are critical in delivering efficient and reliable grids. Large industrial power consumers face the challenge of lower operating costs as well as meeting contractual conditions related to power factor and harmonic distortion to secure electrical supply. High-voltage capacitors support grid operators and large industrial power consumers alike.
According to the new market research report “Global High-Voltage Capacitor Market Report 2024-2030”, published by QYResearch, the global High-Voltage Capacitor market size was estimated at US$ 2,060 million in the year 2023, is projected to reach a revised size of US$ 3,077 million by 2030, growing at a CAGR of 5.93% during the forecast period 2024-2030.
Figure. Global High-Voltage Capacitor Market Size (US$ Million), 2019, 2023 and 2030
Market Drivers: The global HV capacitor market has growth opportunities owing to increasing electric demand in developing economies such as India, Brazil, and China, which are expected to enhance their grid infrastructure to increase the electricity accessibility to the region’s population. In addition, rapidly increasing demands from various application industries and regions are generating several exciting markets opportunities for HV capacitors.
Figure. Global High-Voltage Capacitor, Global Market Size, The Top Five Players Hold 40.47% of Overall Market
At present, the major players of High-Voltage Capacitor in the world include: Hitachi, Siemens ,Eaton, GE, Nissin, Iskra, Sieyuan, China XD Group, Herong and Samwha, etc. In 2023, the global top five Global High-Voltage Capacitor players account for 40.47% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Global High-Voltage Capacitor.
About The Authors
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Chen - Senior Analyst |
| Email: Chenglijun@qyresearch.com Lijun Chen is a senior research analyst who has 7 years’ experience in materials, chemicals and mineral resource. |
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