Global fixed power capacitors market to grow 2.8% by 2023: Marketresearchnest
MarketResearchNest.com adds “Global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Fixed Power Capacitors Market 2018, Forecast to 2023” new report to its research da
The worldwide market for Fixed Power Capacitors is expected to grow at a CAGR of roughly 2.8% over the next five years, will reach 2200 million US$ in 2023, from 1870 million US$ in 2017, according to a new GIR (Global Info Research) study.
Strong moves in the fixed power capacitors markets have greatly modified the competitive landscape. ABB is now a market revenue and technology leader. ABB and Schneider Electric have remained strong. Meanwhile, many of the leading manufacturers have investment to in China to build their China-based facilities.
This report focuses on the Fixed Power Capacitors in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. The production of fixed power capacitors was largest in China in 2015, which accounts for 38.93% of the market. The production of Europe is a bit larger than other regions with 15.70% in 2015. United States and India had similar market with 12.51% and 13.57% respectively in 2015. In terms of consumption, China is still the largest due to the fast economic growth, but China still needs to improve technology to meet the requirement of customers.
Upstream of fixed power capacitors is polypropylene films and anode foil, cathode foil as well as electrolytic paper. With the demand development, fixed power capacitors demand growth is bound to drive the growth of upstream raw materials and other relevant industries, and from this viewpoint, in the future cost and the price of fixed power capacitors will fluctuate with the price of raw materials.
The leading manufacturers of this segment are ABB, Schneider Electric, Eaton, Nissin Electric, China XD, Siyuan, Guilin Power Capacitor, Electronicon, GE Grid Solutions, Herong Electric, New Northeast Electric, TDK, Vishay, LandT, LIFASA, Shreem Electric, Frako, RTR, ICAR, DUCATI, ZEZ, ACPES, CIRCUTOR, COMAR, Franke GMKP, AB Power System, KBR .