Single Phase Power Capacitors Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented by Product Type (Polypropylene Film Capacitor, Polyester Film Capacitor, Aluminum Electrolytic Capacitor, Others), by Application (Automotive, Industrial, Consumer Electronics, Others) and by Voltage (Low Voltage, High Voltage), By Region, Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 6.82 Billion
CAGR (2026-2031)	8.01%
Fastest Growing Segment	Automotive
Largest Market	Asia Pacific
Market Size (2031)	USD 10.83 Billion

Market Overview

The Global Single Phase Power Capacitors Market will grow from USD 6.82 Billion in 2025 to USD 10.83 Billion by 2031 at a 8.01% CAGR. Single-phase power capacitors are specialized electrical components designed to enhance power factor and ensure voltage stability in single-phase circuits, serving as critical elements in residential appliances and light commercial machinery. The market is primarily driven by the escalating global demand for energy-efficient electrical systems, the extensive modernization of aging power grids to minimize transmission losses, and stringent regulatory mandates enforcing better power quality standards. According to the Indian Electrical and Electronics Manufacturers' Association, in the fiscal year ending March 2024, the capacitor sector recorded a production growth of 11.7 percent, underscoring the robust industrial demand for these essential components.

Despite this positive trajectory, a significant challenge impeding market expansion is the volatility of raw material prices, particularly for dielectric films and aluminum foils. This cost instability complicates production planning and compresses profit margins for manufacturers, making it difficult to maintain competitive pricing while adhering to the rigorous safety and performance standards required for electrical infrastructure.

Key Market Drivers

Escalating Demand for Energy-Efficient Household Appliances is a primary force propelling the global single-phase power capacitors market. These capacitors are indispensable in the operation of single-phase motors found in air conditioners, refrigerators, and washing machines, where they ensure efficient starting torque and operational stability. As consumers increasingly prioritize sustainability and lower utility costs, manufacturers are ramping up production of advanced units that rely heavily on high-performance capacitors to meet strict energy standards. According to the Japan Refrigeration and Air Conditioning Industry Association, June 2025, global demand for air conditioners was estimated to reach 131.6 million units for the previous year, reflecting the sustained expansion of this key end-use sector.

Modernization of Aging Electrical Grid Infrastructure acts as a second critical driver, necessitating the extensive deployment of capacitors for power factor correction and voltage regulation in distribution networks. Utilities are investing heavily to upgrade legacy systems, reduce transmission losses, and stabilize voltage levels in residential areas, which predominantly utilize single-phase connections. This infrastructure overhaul directly boosts the consumption of power capacitors required to manage load fluctuations and improve grid reliability. According to the Edison Electric Institute, October 2025, investor-owned electric companies in the United States were projected to invest nearly USD 208 billion in 2025 to strengthen the energy grid, highlighting the scale of capital commitment in developed markets. Furthermore, major component manufacturers continue to see robust activity; according to Yageo Corporation, March 2025, the company reported an annual revenue of USD 3.78 billion for 2024, underscoring the enduring industrial demand for passive electronic components.

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Key Market Challenges

The volatility of raw material prices, particularly for dielectric films and aluminum foils, stands as a primary obstacle hampering the growth of the global single-phase power capacitors market. Manufacturers rely heavily on these specific inputs, and their unpredictable cost fluctuations severely complicate production planning and inventory management. This instability creates a challenging environment where producers face compressed profit margins and are often forced to pass increased costs onto customers. Such price volatility makes it difficult to maintain the competitive pricing structures necessary to secure long-term contracts in the residential and light commercial sectors, ultimately stalling market expansion and deterring investment in new manufacturing capacities.

The direct impact of these operational headwinds is evident in recent market performance data. According to the 'European Passive Components Industry Association', in '2024', 'the capacitor market in the EMEA region registered a decline of 11 percent, corresponding to a market value reduction of EUR 0.3 billion'. This contraction underscores how persistent input cost instability and the resulting economic pressure are actively eroding growth opportunities, preventing the industry from fully capitalizing on the rising global demand for energy-efficient electrical systems.

Key Market Trends

The development of high-temperature resistant capacitors is becoming a defining market trend, driven by the accelerating miniaturization of electronic control units (ECUs) and the increasing power density in modern automotive and data center applications. As manufacturers compress circuits to save space, components must withstand significantly higher operating temperatures without compromising stability or lifespan. This requirement is pushing the industry toward advanced hybrid and solid-polymer technologies that offer superior thermal resilience compared to traditional liquid-filled constructions. According to Panasonic Industry Europe, February 2025, the company announced a significant expansion in the production of its compact hybrid capacitors, specifically the 6x6mm and 10x10mm variants, to address the surging demand for high-reliability power supply applications capable of enduring extreme thermal conditions.

Concurrently, the market is witnessing a decisive shift toward the use of eco-friendly materials and sustainable manufacturing processes. Facing stringent environmental regulations and client demands for green supply chains, manufacturers are aggressively decarbonizing their production lines and integrating biodegradable dielectric films. This transition is not merely about regulatory compliance but serves as a strategic differentiator to secure contracts with sustainability-focused partners in the renewable energy and utility sectors. According to TDK Electronics, November 2025, the company successfully achieved its target of sourcing 100 percent of electricity from renewable energy sources across all its global production sites, effectively reducing its annual CO2 emissions by approximately 170,000 metric tons.

Segmental Insights

The Automotive segment is identified as the fastest-growing category within the Global Single Phase Power Capacitors Market, driven primarily by the rapid expansion of the electric vehicle sector. As manufacturers increase the production of electric and hybrid models, there is a heightened requirement for capacitors to ensure electrical stability in onboard chargers and power management units. Furthermore, stringent emission standards enforced by organizations such as the European Commission are accelerating the adoption of electrified powertrains. This regulatory landscape compels automakers to utilize reliable capacitors for efficient energy distribution, thereby sustaining strong demand in this sector.

Regional Insights

Asia Pacific holds the dominant position in the global single phase power capacitors market due to rapid industrialization and extensive infrastructure development. Countries such as China and India are heavily investing in modernizing their electrical grids to ensure energy efficiency and stability. The region benefits from a strong manufacturing base for electronics and appliances, which drives consistent demand for these components. Furthermore, initiatives by entities like the State Grid Corporation of China to upgrade transmission networks reinforce this regional leadership. Consequently, the rising need for reliable power distribution cements Asia Pacific as the primary market hub.

Recent Developments

• In October 2024, Vishay Intertechnology extended its 299 PHL-4TSI family of snap-in, four-terminal aluminum electrolytic capacitors with new high-voltage ratings ranging from 350 V to 600 V. These capacitors were specifically optimized for power supplies and inverters found in industrial and home appliances, which frequently operate on single-phase power. The expansion allowed designers to reduce component counts and lower costs while maintaining high mechanical stability and a long useful life. The enhanced voltage options enabled more efficient energy storage and filtering solutions for next-generation power electronics and grid-connected devices.
• In September 2024, KEMET Corporation launched the C44P-T series of aluminum can power film capacitors, intended for AC filtering and power factor correction applications. These capacitors were designed to withstand harsh environmental conditions and provided a long operational lifetime of up to 220,000 hours. The series featured a polypropylene metallized film construction and an overpressure safety device, making it suitable for renewable energy systems and industrial drives. While capable of supporting various configurations, the robust design of these power capacitors addressed the growing market need for reliable AC filtering in power conversion systems, including single-phase power factor correction units.
• In April 2024, Kyocera AVX released the SNA and SNL series of snap-in aluminum electrolytic capacitors, designed to support power management in commercial and industrial settings. These components were engineered to deliver high reliability and high voltage performance, making them suitable for applications such as frequency converters and solar inverters, which often utilize single-phase power stages. The new series offered fully insulated cases with polarity markings to simplify installation and featured safety vents for overload protection. This product launch expanded the company’s portfolio of power capacitors capable of operating in demanding environments with temperatures up to 105°C.
• In January 2024, AmRad Engineering showcased its innovative motor-run capacitor technology featuring a new Compressor Protector Terminal at the AHR Expo. This development addressed a critical safety issue in heating, ventilation, and air conditioning systems where hard-start kits could damage compressors during capacitor failure. The patent-pending terminal design served as a protective kill switch, isolating the compressor to prevent overheating and premature failure. This launch highlighted the company's focus on enhancing the reliability and safety of single-phase power capacitors used extensively in residential and commercial HVAC applications.

Key Market Players

• DK Corporation
• Vishay Intertechnology Inc.
• Murata Manufacturing Co. Ltd
• AVX Corporation
• Kemet Corporation
• Cornell Dubilier Electronics Inc.
• Eaton Corporation PLC
• Hongfa Technology Co.
• NIPPON CHEMI-CON CORPORATION
• Yageo Corporation

By Region

North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Single Phase Power Capacitors Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Single Phase Power Capacitors Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE