Series Capacitors Market - Global Industry Analysis 2015 – 2019 and Opportunity Assessment; 2020– 2030
Industry: IT and Telecommunication
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32195
A series capacitor is an electronic device used for a wide range of applications such as induction generator applications, traction applications and other, to improve the power factor of electrical distribution systems. It also provides various benefits such as local energy storage, complex signal filtering, and voltage spike protection. Series capacitors are connected in series in the circuit and is used to improve the power quality. Series capacitors in the radial system can be used to improve the voltage profile on distribution systems. The series capacitors are available in a variety of sizes, and is creating new opportunities in different industries such as consumer electronics, aerospace & defence, automotive, healthcare & medical and telecommunication.
The worldwide spread of COVID-19 pandemic has impacted the production of semiconductor components, to a very large extent. The lockdowns has off-tracked raw material supply chains, disrupted transportation and logistics activities, to supply such semiconductor component globally. Moreover, in the early 2020, the production facilities got temporarily shut, and were operating at low volumes with minimum workforce and inventory levels. This has impacted the market growth of series capacitors negatively.
Before COVID-19, the global market for series capacitors was anticipated to increase 6.5%-7% market growth in 2019, whereas in post-COVID-19 scenario, the market for series capacitors is projected to declining by 3-4%, as compared to original forecast in 2019. The COVID-19 crisis is expected to add to an uncertain long term impact on the global market. However, the global series capacitors market is expected to witness rebound from Q1, 2022 onwards, as the impact of COVID-19 diminishes gradually.
The growing demand for series capacitors to improve performance of protective device and increased power transmission capability, is expected to create a huge opportunity for series capacitors demand. The need for series capacitors to enhance the terminal voltage after long-distance power transmission for corridors, is driving the growth of series capacitors market.
The growing demand for electronic devices with advanced characteristics, connectivity and comfort, are few of the factors driving the growth of the market for series capacitors. Furthermore, series capacitors are easy to integrate into electronics systems, and offers different features such as voltage stabilization, high reliability, and cost effectiveness. The reliability of such features drives the series capacitors market growth.
However, the series capacitors can be expensive, and have limited energy storage and low energy capacity. Such factors are restraining the growth of series capacitors market, during the forecast period.
| Type |
|
| Sales channel |
|
| Application |
|
Major series capacitor vendors are focusing more on the R&D activities to innovate and develop wide range of series capacitors for different applications. Moreover, they are also doing partnerships with local distributors and resellers, to further expand their sales channels for business growth. Some of the prominent manufacturer of series capacitors are ABB, Schneider Electric, Shaanxi Herong Electric Group Co., Ltd., Analog Devices Inc., among others.
Among these regions, North America and East Asia are expected to dominate the global series capacitors market, contributing more than 50% of the market value. This is due to the large number of manufacturer present in US, China, and Japan. The vendors in these regions are developing wide range of series capacitors and supplying to various countries globally. Moreover, South Asia and Pacific & Europe are also creating potential growth opportunities for series capacitors market due to increasing demand for electrical circuits in diverse applications in automotive and consumer electronic devices, in this region.
The series capacitors market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The series capacitors market report also maps the qualitative impact of various market factors on market segments and geographies.
To know more about delivery timeline for this report Contact Sales
