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.
Contact
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