High Voltage Capacitors – Global Market Outlook (2017-2023)

Posted on by

According to Stratistics MRC, the Global High Voltage Capacitors market is estimated at $154.56 million in 2016 and is expected to reach $296.56 million by 2023 growing at a CAGR of 9.7% from 2016 to 2023.

 

Some of the factors responsible for the market growth include rising demand for electricity, new technological up gradations from the power market and increasing electricity demand in developing economies. In addition, rising demand from the diverse application industries are generating several exciting opportunities for high voltage capacitors in the market. However, high cost of raw materials is the key factor restraining the market growth.

 

Amongst Application, capacitive voltage divider segment is anticipated to be the most attractive product due to its application in high voltage, extra high voltage and ultra-high voltage transmission which are anticipated to boost in near future. Asia Pacific is anticipated to register sustainable growth during the forecast period owing to rising electric demand in developing economies such as India and China which are expected to enhance their grid infrastructure to increase the electricity accessibility to the region’s population.

 

Some of the key players in the market include ABB, Walsin Technology, Vishay Intertechnology, Transgrid Solutions, Taiyo Yuden, Yuhchang Electric, Sieyuan Electric, Siemens, Samwha Capacitor, Samsung Electro-Mechanics, RTDS Technologies, Murata Manufacturing, Maxwell Technologies, General Atomics, Epcos, Eaton and Alstom.

 

Applications Covered:

  • Power Generation
    • Grading Capacitors-GIS
    • P D Sensors
    • TRV Capacitors-GIS
    • Grading Capacitors-AIS
    • TRV Capacitors-AIS

 

  • Testing
    • Reference Capacitors
    • R C Dividers

 

  • Transmission
    • TRV Capacitors-GIS
    • TRV Capacitors-AIS
    • Thyristor Valve Capacitor
    • Grading Capacitors-GIS
    • Grading Capacitors-AIS
    • Filter Capacitor
    • Coupling Capacitors
    • Capacitive Voltage Dividers
    • Capacitive Dividers for EVT

 

  • Distribution
    • Coupling Capacitors
    • Capacitor for Lightning Overvoltage Monitoring
    • Capacitive Voltage Dividers
    • Capacitive Dividers for EVT

 

Access the complete report at:

http://www.strategymrc.com/report/high-voltage-capacitors-market

 

 

Article Source: https://www.reuters.com/brandfeatures/venture-capital/article?id=12502