Lucintel's latest market report analyzed that industrial capacitor provides attractive opportunities in the ceramic, aluminum, tantalum, paper and plastic, and supercapacitor markets. The industrial capacitor market is expected to reach $2.3 billion by 2028 with a CAGR of 10.3%. In this market, high voltage is the largest segment by voltage, whereas ceramic is largest by capacitor type.
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Based on voltage, the industrial capacitor market is segmented into low voltage and high voltage. The high voltage segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing use of high voltage capacitors for easy and consistent reactive power to improve system’s performance and efficiency.
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The Industrial Capacitor Market is marked by the presence of several big and small players. Some of the prominent players offering industrial capacitor include Murata Manufacturing, Maxwell Technologies, Samsung Electro-Mechanics, Nippon Chemi-Con, TDK.
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