HVDC Capacitor Market by Product Type (Plastic Film Capacitors, Aluminium Electrolytic Capacitors, Ceramic Capacitors, Tantalum Wet Capacitors, Reconstituted Mica Paper Capacitors, Glass Capacitors, Others);  Technology (Line Commutated Converters (LCC), Voltage-Sourced Converters (VSC)); Installation Type(Open Rack Capacitor Banks, Enclosed Rack Capacitor Banks, Pole Mounted Capacitor Banks); End Users (Commercial, Industrial, Energy & Power Sector, Defense, Others) : Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00025814 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

The HVDC capacitor market crossed US$ 5.22 billion mark in 2022 and is expected to hit US$ 15.42 billion by 2030, recording a CAGR of 14.5% during the forecast period.

HVDC Capacitor Market has been Significantly Growing due to its High Efficiency

HVDC is capable to expand the network of energy which increases their stability. HVDC capacitors provide more energy over long distances more efficiently and are more environment friendly, also require less space compared to alternating current (AC). The HVDC capacitor market is expected to pace up with the rising adoption of RF tunable filters in defense sector. Further, other segments such as healthcare, automotive, and military are also expected to increase demand of HVDC capacitor during the forecast period.

Within the report, the market is segmented into product type, technology, installation type, end users, and geography. By product type, the market is further segmented into plastic film capacitors, aluminium electrolytic capacitors, ceramic capacitors, tantalum wet capacitors, reconstituted mica paper capacitors, glass capacitors, and others. On the basis of technology, the market is segmented into line commutated converters (LCC), voltage-sourced converters (VSC). By installation type, the market is categorized into open rack capacitor banks, enclosed rack capacitor banks, pole mounted capacitor banks. Based on end users, the market is divided into commercial, industrial, energy & power sector, defense, and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

HVDC Capacitor is a Trend that has the Capability to Change Electricity Power Transmission System

The high-voltage direct current (HVDC) capacitors are designed in such a way that it can be used in general purpose applications such as electronic equipment and also where high current is produced. These are also used in DC supplies. Due to its increasing adoption by end user industries such as commercial, industrial, and defense, several prominent companies such as Eaton, General Atomics, ABB, and Lifasa offer HVDC capacitors.

Rising Adoption of HVDC Capacitors among Various End-Users is one of the Major Factors Accelerating the Market Growth.

The applicable end-use industries of HVDC capacitors include the commercial, industrial, energy & power sector, defense, and others. Within these end-users, energy and power led the market with highest market share in 2022. One of the major factors contributing towards the growth is increasing government initiatives to improve energy infrastructure. For example, in 2021, the Department of Energy (DoE) initiated the Building a Better Grid Initiative for enhancing the development of high-capacity electric transmission lines across the globe.

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Recent Strategic Developments in HVDC Capacitor Market

The HVDC capacitor market has undergone several significant developments, and a few of these have been mentioned below:

  • In July 2022, Hitachi announced that it had won order from Adani Electricity Mumbai Infra Limited to provide HVDC transmission system. This system will link Kudus to Mumbai.
  • In September 2021, Siemens Energy and Sumitomo Electric signed a contract with Greenlink Interconnector Ltd. to deliver HVDC converter technology for Greenlink’s 190 km electricity interconnector

The HVDC capacitor market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. ABB; EATON; General Atomics; International Capacitors SA Lifasa; MAXWELL TECHNOLOGIES, INC; SAMWHA CAPACITOR Co., LTD; Siemens AG; Sieyuan Electric Co., Ltd.; TDK Corporation; VISHAY INTETECHNOLOGY, INC. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • HVDC capacitor manufacturers
  • Government bodies, such as regulating authorities and policy makers
  • Semiconductor component suppliers
  • HVDC capacitor distributors and sales firms
  • End users of HVDC capacitor

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product Type:
    • Smart Bands/Activity Trackers
    • Plastic Film Capacitors
    • Aluminium Electrolytic Capacitors
    • Ceramic Capacitors
    • Tantalum Wet Capacitors
    • Reconstituted Mica Paper Capacitors
    • Glass Capacitors
    • Others 
  • Technology:
    • Line Commutated Converters (LCC)
    • Voltage-Sourced Converters (VSC)
  • Installation Type:
    • Open Rack Capacitor Banks
    • Enclosed Rack Capacitor Banks
    • Pole Mounted Capacitor Banks
  • End Users:
    • Commercial
    • Industrial
    • Energy & Power Sector
    • Defense
    • Others
  • Region:
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled:
    • ABB
    • EATON
    • General Atomics
    • International Capacitors SA Lifasa
    • Siemens AG
  • ABB
  • EATON
  • General Atomics
  • International Capacitors SA Lifasa
  • Siemens AG
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