Allied Market Research

2024

Series Capacitor Market

Series Capacitor Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Low Voltage Series Capacitors, Medium Voltage Series Capacitors, High Voltage Series Capacitors), by Sales Channel (Direct sales channel, Indirect sales channel) by Application (Consumer Electronics, Aerospace and Defense, Automotive, Healthcare, Others) : Global Opportunity Analysis and Industry Forecast, 2022-2032

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Author's: | Vineet Kumar
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Series capacitor is a type of capacitor that is connected in series with a circuit. Capacitors store electrical energy in an electric field, and they can be used to filter or shape the voltage and current in a circuit. In a series connection, the capacitors is connected end-to-end, so that the positive terminal of one capacitor is connected to the negative terminal of the next capacitor. When a series capacitor is connected to a circuit, it behaves as a low pass filter, meaning it allows low frequency signals to pass through while blocking high frequency signals. This is because the impedance (resistance to current) of a capacitor increases as the frequency of the signal increases. At low frequencies, the impedance of the capacitor is low, allowing a large amount of current to flow. At high frequencies, the impedance of the capacitor is high, blocking a large amount of current. 
The growing focus on energy conservation is one of the key drivers of this market. With the increasing awareness of the need to conserve energy, the use of series capacitors is expected to grow. Series capacitors help improve the power factor and voltage stabilization, reducing energy consumption and conserving energy. Furthermore, power factor correction is another key driver of this market. Power factor correction becomes increasingly important as electricity consumption increases to maintain a stable power supply and reduce energy costs. Series capacitor is often used in power factor correction applications, which can drive demand for these devices. For example, series capacitor is used in many industrial settings to improve the power factor and reduce energy costs. In addition, the increasing adoption of electric vehicles (EVs) across the globe is also expected to fuel the growth of the series capacitor market. As the number of EVs on the road increases, the demand for charging infrastructure also increases. They can be used in EV charging stations to improve the power factor and stabilize voltage, which can help to reduce energy costs and improve the overall efficiency of the charging process.
However, space constraints and technical limitations are the two main restraints for the series capacitor market. Series capacitor is relatively large devices, which can be a problem in some applications where space is limited and it can limit the adoption of series capacitors in certain applications. In cases where space is limited, such as in offshore platforms or in urban areas, the use of this may not be feasible. They can have technical limitations in certain applications, such as high voltage or high frequency systems, which are mainly designed for medium voltage and low-frequency systems. Their performance may decrease in high voltage and high-frequency systems, which can limit their use in these applications.
Moreover, smart grid integration is expected to provide significant growth opportunities for this market. When series capacitor is integrated into the smart grid, they can help to balance the load on the grid, which can improve the overall efficiency of the system. They can also be used to smooth out voltage fluctuations, which can help to improve power quality and reduce the risk of power outages. In addition, they can help improve the power grid’s reliability by providing a source of reactive power. Reactive power is the power that is needed to maintain the voltage level on the grid. Without enough reactive power, the voltage on the grid can drop, which can cause power outages. By providing a source of reactive power, series capacitor can help improve the power grid’s reliability.
Segmental Overview
By type: The series capacitor market is divided into low voltage series capacitors, medium voltage series capacitors, and high voltage series capacitors. Low voltage series capacitors are used in low voltage systems, typically below 600V. Medium voltage series capacitors are used in medium voltage systems, typically between 600V and 36kV. High voltage series capacitors are typically used in high voltage systems above 36kV. 
By sales channel: The series capacitor market is divided into direct sales channel and indirect sales channel. Direct sales channel refers to the sale of series capacitors directly to customers through the manufacturer's own sales team, website, or other direct channels. Indirect sales channel refers to the sale of series capacitors through intermediaries, such as distributors, agents, and wholesalers. 
By application: The series capacitor market is divided into consumer electronics, aerospace and defense, automotive, healthcare, and others. Series capacitors are used in a wide range of consumer electronics, such as smartphones, tablets, laptops, and televisions. Series capacitors are used in aerospace and defense applications, such as in aircraft and satellite systems. Series capacitors are used in the automotive industry, such as in electric and hybrid vehicles. In healthcare used in applications, such as in medical imaging and diagnostic equipment. 
By region: The series capacitor market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa.The series capacitor market in Asia-Pacific is expected to witness the highest growth rate during the forecast period. The market in the region is driven by the increasing investment in transmission and distribution infrastructure, the growing adoption of renewable energy sources, and the increasing focus on energy conservation.
Competitive Analysis
This report includes competitive analysis and profiles of major players  such as ABB, Analog Devices Inc., China XD, Eaton, Electronicon, GE Grid Solutions, Herong Electric, LandT, LIFASA, New Northeast Electric, Schneider Electric, Shaanxi Herong Electric Group Co. Ltd, Siyuan, TDK, and Vishay are included in the series capacitor market.. These companies have adopted key strategies such as product launches and acquisitions to improve their product portfolios and stay competitive.

Series Capacitor Market Report Highlights

Aspects Details
Series Capacitor Market By Type
By Type
  • Low Voltage Series Capacitors
  • Medium Voltage Series Capacitors
  • High Voltage Series Capacitors
Series Capacitor Market By Sales Channel
By Sales Channel
  • Direct sales channel
  • Indirect sales channel
Series Capacitor Market By Application
By Application
  • Consumer Electronics
  • Aerospace and Defense
  • Automotive
  • Healthcare
  • Others
Series Capacitor Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

ABB, TDK, China XD, Shaanxi Herong Electric Group Co., Ltd, GE Grid Solutions, Schneider Electric, Vishay, New Northeast Electric, LIFASA, Analog Devices Inc.

Key Market Players

Electronicon, LandT, Herong Electric, Siyuan, Eaton

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Series Capacitor Market

Global Opportunity Analysis and Industry Forecast, 2022-2032