The High Voltage Film Capacitor Market size is estimated at USD 2.77 billion in 2024, and is expected to reach USD 3.52 billion by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
The market for high-voltage film capacitors is witnessing growth due to the increasing adoption of renewable energy sources, such as wind and solar power, which require efficient energy storage and conversion systems. High-voltage film capacitors are crucial in these systems for their stability, long lifespan, and high voltage tolerance. Additionally, the demand for electric vehicles, power transmission and distribution, and the continuous improvements in capacitor technology are some of the factors that are driving market growth.
The high-voltage film capacitor market is highly competitive, with several vendors of different sizes. As organizations continue to invest strategically in offsetting the present slowdowns, the market is anticipated to encounter a number of partnerships, mergers, and acquisitions. The key companies operating in the market include TDK Corporation, KYOCERA AVX, Kemet Corporation, and Vishay Intertechnology.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook