The global high voltage capacitor market value was US$ 11.5 billion in 2020. The global high voltage capacitor market is forecast to reach US$ 30 billion by 2030, with a growing compound annual growth rate (CAGR) of 9.5% during the forecast period from 2021-2030.

Reactive power from high voltage capacitors enhances the performance, quality, and efficiency of systems. The pulse power system or pulse shaping uses it under the oil for pulsing. The capacitors consist of foil electrode windings and dielectric materials. A series of pivoting plastic cases contains the capacitors, which are vacuum-dried and infused with an insulating liquid before being vacuum-dried and stored.

Factors Influencing the Market Growth

A number of factors drive the global high voltage capacitor market, including an increase in grid infrastructure for better electricity accessibility, an increase in demand for ceramic multilayer capacitors, and others.
The reduction of transmission losses during bulk power transmission over long distances, supportive regulations for energy trade and interconnection of power grids, and technological advancements are all driving the global demand of the market.
High voltage hazards pose a threat to the growth of the global high voltage capacitor market.
Due to the increasing demand from various industries and regions, HV capacitors are now experiencing several exciting opportunities in the global market.
Impact Analysis of COVID-19

With the outbreak of COVID-19 in China and its spread throughout numerous countries globally, manufacturing activities in industrial sectors ceased, affecting high voltage capacitor manufacturing.
COVID-19 also posed a challenge in procuring raw materials.
The government revenue streams of numerous countries were cut, which hampered government-funded transmission and distribution projects. As a result, the demand for high voltage capacitors decreased.
As the economies of a number of countries begin to recover, government-funded transmission and distribution projects could resume immediately. It would increase the demand for high voltage capacitors.
Regional Analysis

In terms of revenue, Asia Pacific anticipates growing at a higher CAGR during the forecast period. As a result of increasing investments in the electricity sector and power transmission networks, the transmission capacity increased. The power consumption capability of Asia-Pacific has increased due to industrialization and urbanization.

While governments in several Asia Pacific countries are inducing higher investments in their grid connection projects, they also have a responsibility to use efficient and reliable power transmission networks.

Leading Competitors

The leading prominent companies profiled in the global high voltage capacitor market are:

ABB LTD.
Arteche Group
Avx Corporation
General Electric
Lifasa
Maxwell Technologies
Presco AG
Siemens AG
TDK Corporation
Vishay Intertechnology, INC.
Other Prominent Players
Scope of the Report

The global high voltage capacitor market segmentation focuses on Application, Dielectric, Capacity, and Region.

Segmentation based on Application

Power Generation
Distribution
Transmission
Others
Segmentation based on Dielectric

Plastic film Capacitor
Ceramic Capacitor
Aluminum Electrolytic Capacitor (AEC)
Others
Segmentation based on Capacity

500-1000V
1001-7000V
7001-14000V
Above 14000V
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America