Series Capacitor Market Outlook:
Series Capacitor Market size was over USD 18.98 billion in 2025 and is poised to exceed USD 34.31 billion by 2035, growing at over 6.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of series capacitor is estimated at USD 20.02 billion.
The reason behind the growth of the market is the rising demand for electric vehicles. The demand for electric vehicles is increasing consistently due to favorable government regulations and rising incentive policies for the adoption of electric vehicles across the globe. According to a report, in just three years, the percentage of electric vehicles in overall sales has more than tripled, rising from 4% in 2020 to 14% in 2022. It is anticipated that EV sales will rise significantly until 2024. Moreover, electric vehicles have fueled the demand for capacitor technologies with high performance and reliability. Series capacitor in electric vehicles are designed to prevent ripple currents from returning to the power source and to smooth out DC bus voltage variations.
Also, due to limitations on the number of components that may put on the substrate and the size & working temperature of those components, the design of communication base stations is getting harder as they get smaller and utilize higher frequency bands. Passive components like capacitor are increasingly being chosen for these applications due to their smaller size and lower cost.
