PUBLISHER: Allied Market Research | PRODUCT CODE: 1032579
PUBLISHER: Allied Market Research | PRODUCT CODE: 1032579
The global high voltage direct current (HVDC) capacitor market size was valued at $4.73 billion in 2020, and is projected to reach $17.96 million by 2030, growing at a CAGR of 15.1% from 2021 to 2030. High voltage direct current (HVDC) capacitor is used to enhance the transmission grid's reliability, flexibility, and stability. It offers power flow control, extremely rapid stability control, and the ability to segment parts of the power system.
Some of the major drivers of the high voltage direct current (HVDC) capacitor industry are demand to enhance grid infrastructure for increasing the electricity accessibility, and increasing adoption of high voltage capacitors in extra high voltage (EHV) and ultra-high voltage (UHV) transmission. These factors are estimated to fuel the market growth rapidly during the forecast period. However, high voltage hazards related to the HVDC capacitor acts as a major barrier for the high voltage direct current (HVDC) capacitor market growth. Contradictory, innovation in energy & power sector creates lucrative opportunities for the market growth during the forecast period.
The high voltage direct current (HVDC) capacitor market is segmented on the basis of type, technology, installation type, application, and region. On the basis of type, the market is fragmented into plastic film capacitor, aluminum electrolytic capacitor, ceramic capacitor, tantalum wet capacitor, reconstituted mica paper capacitor, glass capacitor, and others. On the basis of technology, the market is segregated into line commutated convertors (LCC), and voltage-sourced convertors (VCC). By installation type, the market is divided into open rack capacitor banks, enclosed rack capacitor banks, and pole mounted capacitor banks. The open rack capacitor banks is further categorized as internally fused capacitor banks, externally fused capacitor banks, and fuseless capacitor banks. The enclosed rack capacitor banks are further bifurcated into fixed capacitor banks, and automatic capacitor banks. By application, the market is divided into commercial, industrial, energy & power, defense, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the high voltage direct current (HVDC) capacitor market include Eaton Corporation PLC, General Atomics, Inc., General Electric Company, Hitachi Ltd., Murata Manufacturing, Samwha Capacitor Co Ltd., Siemens AG, TDK Corporation, UCAP Power, Inc., and Vishay Intertechnology.
By Type
By Technology
By Installation Type
By Application
'10.7.1.Company overview
'TABLE 01.HIGH VOLTAGE DIRECT CURRENT (HVDC) CAPACITOR MARKET, BY TYPE, 2020-2030 ($MILLION)