Water Cooled Capacitors Market Expected to Reach $1.5 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Water Cooled Capacitors Market," The water cooled capacitors market was valued at $0.73 billion in 2021, and is estimated to reach $1.5 billion by 2031, growing at a CAGR of 7.1% from 2022 to 2031.

A water cooled capacitor is an electronic device used to store and regulate electrical energy. It is designed to handle high power densities and is typically used in applications where air-cooled capacitors are not sufficient to handle the amount of heat generated during operation. Water cooled capacitors are made up of two conductive plates separated by a dielectric material. The plates are typically made of metal foil and the dielectric material is usually a ceramic material or a film. Water-cooled capacitors are cooled by circulating water through channels within the capacitor, which dissipates the heat generated during operation. Water-cooled ceramic capacitors are a type of water-cooled capacitor that uses a ceramic material as the dielectric.

The water-cooled capacitors market is a niche segment of the capacitor market, primarily used in high-power and high-frequency applications. Water-cooled capacitors are designed to operate under harsh conditions and provide excellent thermal stability and heat dissipation. Some of the key applications of water-cooled capacitors include induction heating, plasma generation, radio frequency (RF) welding, and high-voltage power supplies. These applications require high power densities and high-frequency operations, which can result in excessive heat generation.  

There is a growing need for high-power electronic components like water-cooled capacitors as more industries adopt electronic systems to automate their processes. The increase in adoption of electric vehicles is driving the demand for water-cooled capacitors, which are used in the charging systems and power management systems of these vehicles. Furthermore, governments around the world are implementing regulations to reduce carbon emissions and promote the use of renewable energy. This is leading to increased adoption of high-power electronic systems and thus driving the demand for water-cooled capacitors.

The water-cooled capacitors market is broadly segmented on the basis of capacitor type, frequency rating, voltage rating, application, end user, and region. By capacitor type, the market is divided into polypropylene, ceramic, aluminum, and others. By frequency rating, the market is divided into medium and high. By voltage rating, the market is divided into low, medium and high. By application, the market is segmented into heating & melting, resonant circuits/RF, medical imaging, plasma applications, wireless power transfer, EV charging and others. By end user, the market is segmented into automotive, aerospace, industrial, railways, renewable energy and others.

Region wise, the water cooled capacitors market trends are analyzed across North America (the U.S, Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India, Australia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).The growth of the Asia-Pacific water cooled capacitors market is attributed to the rise in acceptance of sophisticated technologies and IoT, increase in R&D expenditure, and early adoption of innovative and sophisticated technology. Furthermore, continuing connectivity facilitation and renovations along with the government's rising investments are fueling market expansion. In September 2020, ABB announced that it had supplied water cooled capacitors for China's first commercial CSP (concentrated solar power) plant. The capacitors were used to help control the quality of the electrical power generated by the plant.

Key Findings Of The Study

• The demand for high-power capacitors is increasing across various industries, including renewable energy, automotive, and industrial automation. This is driving the growth of the water cooled capacitors market size.
• The increasing adoption of electric vehicles is creating a significant demand for high-power capacitors that can support the electrical systems in these vehicles. Water-cooled capacitors are ideal for this application due to their high power density and reliability.
• The development of new materials and technologies, such as advanced dielectric materials and improved cooling systems, is improving the performance and reliability of water cooled capacitors industry.
• The water-cooled capacitor market is becoming increasingly competitive, with many players entering the market and offering similar products. This competition is leading to pricing pressures and forcing companies to innovate and differentiate their products.
• The COVID-19 pandemic has had a significant impact on the water cooled capacitors market share, with disruptions in the supply chain and reduced demand from some industries. However, the market is expected to recover in the coming years as the global economy recovers.
• The water cooled capacitors market growth is expected to continue in the coming years, driven by the increasing demand for high-power capacitors in various applications and the development of advanced materials and technologies. However, the market may also face challenges such as increasing competition and the impact of global economic conditions.

The water-cooled capacitors market key players profiled in the report include Magnewin Energy PVT.LTD., ZEZ SILKO Ltd., Clariant Power System Ltd., Marxelec Energy PVT.LTD., Vishay Intertechnology, Inc., High Energy Corp. , GE Grid Solutions, Celem Power Capacitors, SAILING TECH and Cornell Dubilier Electronics. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the water-cooled capacitors market.