New York, Oct. 11, 2023 (GLOBE NEWSWIRE) — The global high voltage capacitors market size is projected to expand at ~ 8% CAGR between 2023 and 2035. The market is expected to garner a revenue of USD 20 billion by the end of 2035, up from a revenue of ~USD 10 billion in the year 2022. As the global population continues to grow, so does the demand for energy. According to the International Energy Agency (IEA), the world’s energy needs are expected to increase by 50% over the next 20 years. This surge in demand is being driven by developing countries such as China and India, which are experiencing rapid economic growth and urbanization. To meet this growing demand, the energy industry is turning to High Voltage Capacitors. These capacitors are essential components in energy storage systems and power transmission networks. They help to improve power quality and stability, reduce energy losses, and increase efficiency.
(GlobeNewsWire)