High Voltage Capacitors Market on the Rise with Industrial Automation
Increasing demand for high-voltage capacitors in power transmission & distribution and rising demand for high-voltage capacitors in industrial automation are likely to drive the market in the forecast period. According to TechSci Research report, “ High Voltage Capacitors Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028 ”, the Global High Voltage Capacitors Market stood at USD 10.08 billion in 2022 and is anticipated to grow with a CAGR of 9.19% in the forecast period. One significant driver of the global High Voltage Capacitors market is the rapid integration of renewable energy sources into the global energy grid. With the increasing focus on sustainability and the reduction of greenhouse gas emissions, renewable energy technologies like wind and solar power are gaining prominence. High Voltage Capacitors play a crucial role in renewable energy systems. They are used in various applications, including power factor correction, volt...