High Voltage Capacitor Market to Reach $3.31 Bn, Globally, by 2025
Writer：Capacitor manufactur Source：Internet Time：2020-01-02 03:42:00
【DESCRIPTION】：Portland, April 17, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global high voltage capacitor, Aluminum electrolytic capacitor ,market was valued at $1.78 billion in 2017 and is anticipated to accrue a sum of $3.31 billion through 2025, thereby growing at a CAGR of 8% during the period from 2018 to 2025.
Rise in demand to improve grid infrastructure for increasing electricity accessibility and adoption of high voltage capacitors in extra high voltage (EHV) and ultra-high voltage (UHV) transmission drive the global high voltage capacitor market growth. Nonetheless, various hazards associated with high voltage capacitors impede the market growth. Conversely, innovations in energy and power sector are likely to provide numerous opportunities for growth in the future. However, the plastic film segment was the largest in 2017, capturing about half of the market share. The report also includes an analysis of segments such as aluminum electrolytic and others.
The power generation segment held the largest market share of more than one-third in 2017. Moreover, the segment is estimated to register the fastest CAGR of 9.2% during the study period. The report also includes a study of other segments such as transmission, distribution, and others.
The market in Asia-Pacific held the largest share of about 57% in 2017 because of the growing demand for electricity from end-user industries such as automotive, information technology, and textile industry. On the other hand, Europe is likely to manifest the fastest CAGR of 9.9% through the study period. The report also analyzes other regions such as North America and Latin America, Middle East and Africa (LAMEA).
CAPSUN High voltage capacitor energy storage manufacturer provides you with better high voltage capacitor details, please click:
High Voltage Capacitor
Portland, April 17, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global high voltage capacitor, Aluminum electrolytic capacitor ,market was valued at $1.78 billion in 2017 and is anticipated to accrue a sum of $3.31 billion through 2025, thereby growing at a CAGR of 8% during the period from 2018 to 2025.
Rise in demand to improve grid infrastructure for increasing electricity accessibility and adoption of high voltage capacitors in extra high voltage (EHV) and ultra-high voltage (UHV) transmission drive the global high voltage capacitor market growth. Nonetheless, various hazards associated with high voltage capacitors impede the market growth. Conversely, innovations in energy and power sector are likely to provide numerous opportunities for growth in the future. However, the plastic film segment was the largest in 2017, capturing about half of the market share. The report also includes an analysis of segments such as aluminum electrolytic and others.
The power generation segment held the largest market share of more than one-third in 2017. Moreover, the segment is estimated to register the fastest CAGR of 9.2% during the study period. The report also includes a study of other segments such as transmission, distribution, and others.
The market in Asia-Pacific held the largest share of about 57% in 2017 because of the growing demand for electricity from end-user industries such as automotive, information technology, and textile industry. On the other hand, Europe is likely to manifest the fastest CAGR of 9.9% through the study period. The report also analyzes other regions such as North America and Latin America, Middle East and Africa (LAMEA).
CAPSUN High voltage capacitor energy storage manufacturer provides you with better high voltage capacitor details, please click:
High Voltage Capacitor
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