Portland, April 17, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global high voltage capacitor market was valued at $1.78 billion in 2017 and is anticipated to accrue a sum of $3.31 billion through 2025, thereby growing at a CAGR of 8% during the period from 2018 to 2025.
Rise in demand to improve grid infrastructure for increasing electricity accessibility and adoption of high voltage capacitors in extra high voltage (EHV) and ultra-high voltage (UHV) transmission drive the global high voltage capacitor market growth. Nonetheless, various hazards associated with high voltage capacitors impede the market growth. Conversely, innovations in energy and power sector are likely to provide numerous opportunities for growth in the future.
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The ceramic segment is expected to exhibit the fastest CAGR of 9.8% during the forecast period. However, the plastic film segment was the largest in 2017, capturing about half of the market share. The report also includes an analysis of segments such as aluminum electrolytic and others.
The above 14000V segment led the market in 2017, accounting for over two-fifths of the market share. The reason for this is the growing demand for high voltage capacitors of more than 14000V in defense electronic application, jet engine ignition circuits, motor loads, and large pulse power systems. However, the 500-1000V segment is expected to grow at the fastest CAGR of 8.9% during the study period. The report also includes an analysis of other segments such as 1001-7000V and 7001-14000V.
The power generation segment held the largest market share of more than one-third in 2017. Moreover, the segment is estimated to register the fastest CAGR of 9.2% during the study period. The report also includes a study of other segments such as transmission, distribution, and others.
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The market in Asia-Pacific held the largest share of about 57% in 2017 because of the growing demand for electricity from end-user industries such as automotive, information technology, and textile industry. On the other hand, Europe is likely to manifest the fastest CAGR of 9.9% through the study period. The report also analyzes other regions such as North America and Latin America, Middle East and Africa (LAMEA).
The report includes analysis of the major market players including General Electric, TDK Corporation, Maxwell Technologies, Arteche Group, Vishay Intertechnology Inc., ABB Ltd., AVX Corporation, Siemens AG, Presco AS, and Lifasa.
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