Press Release

Transmission Segment to Dominate China High Voltage Capacitors Market During Forecast Period

Rapid urbanization and growing electric demand to drive China high voltage capacitors market during forecast period

According to TechSci Research report, China High Voltage Capacitors Market By Dielectric, By Capacity, By Application,  Competition, Forecast & Opportunities, 2024,  China high voltage capacitors market is expected to grow at a steady CAGR of around 8% during the forecast period owing to the continuous advancements and innovation in the energy and power sector. Additionally, properties of capacitors such as high-temperature stability, excellent insulation, potential to be adjusted or changed for resistivity requirements, among others have increased the application for high voltage capacitors in various end user industries such as automotive industry, parts, chemical & process technology, medical, among others. However, volatility in the cost of raw materials and high voltage hazards can hamper the growth of market during forecast period.

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China high voltage capacitors market is segmented based on dielectric, capacity, application, region and company. Based on capacity, the market can be fragmented into 500V-1000V, 1001V-7000V, 7000V-14000V and >14,000V. The 500V-1000V segment is expected to grow during forecast period owing to its increasing use in industrial electronics, power supplies, and high-end electronics. Based on application, the market can be categorized into power generation, transmission, distribution and others. The transmission segment dominates the market attributable to the increasing investments in new infrastructure and upgradation of old grid systems.

ABB Ltd., Siemens Ltd., Eaton Corporation Plc, Dongguan Walsin Technology Corporation, Sieyuan Electric Co. Ltd., Nissin Electric Co., Ltd, China XD Electric Co., Ltd., Guilin Power Capacitor Co. Ltd., Shaanxi Herong Electric Co., Ltd., Tianjin Samwha Electric and others are some of the leading players operating in China high voltage capacitors market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“China high voltage capacitors market is expected to witness significant growth during forecast period, owing to the rise in industrialization and increase in demand for electricity from end use industries such as automotive, information technology, among others. Additionally, initiatives taken by the government to increase the electrification rate by expanding the electricity distribution infrastructure are further expected to propel the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

China High Voltage Capacitors Market By Dielectric, By Capacity, By Application,  Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of China high voltage capacitors market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in China high voltage capacitors market.

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