High Voltage Capacitor Market to garner 4192.4 million by 2025 at CAGR of 3.02%

Global high voltage capacitor market was valued at $1,779.90 million in 2017 and is projected to reach $3,307.10 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025.

Rise in demand to improve grid infrastructure, rapid technological innovations in energy and power sector, and surge in adoption of high voltage capacitor in EHV and UHV are expected to propel the growth of the global high voltage capacitor market. Ceramic segment to manifest the fastest growth by 2025.

High voltage capacitor market is experiencing significant growth due to increase in their demand from end-use industries, such as electronics & semiconductor.

They are also used for other applications such as automotive industry and wear parts, chemical & process technology, medical, and others. 

continuous advancements and innovation in the energy and power sector are anticipated to create lucrative opportunities during the forecast period.

A capacitor is a dual-terminal electrical component utilized to store energy electrostatically in an electronic field. High Voltage Capacitor 

are responsible for storing charge and energy for use in high voltage

 applications.

Based on region, the market is across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounts for a major share in the global high voltage capacitor market due to rise in industrialization and increase in demand for electricity from end use industries such as automotive, information technology, and textile.