HVDC Capacitor Global Market Report 2026

High voltage direct current (HVDC) capacitors are passive electronic components designed for high voltage applications, serving the purpose of storing charge and energy. These capacitors play a crucial role in providing reliable reactive power to enhance the performance, quality, and efficiency of high voltage systems.

The primary types of HVDC capacitors include plastic film capacitors, ceramic capacitors, aluminum electrolytic capacitors, tantalum wet capacitors, and others. Ceramic capacitors specifically utilize a ceramic material as the dielectric, contributing to their electrical properties. HVDC capacitors are deployed in various installation types such as open rack capacitor banks, enclosed rack capacitor banks, and pole-mounted capacitor banks. These capacitors find applications across different sectors, including commercial, industrial, energy and power, defense, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the HVDC capacitor market by raising costs for imported aluminum, dielectric films, ceramic materials, and electronic components used in high-voltage capacitor banks. Industrial and energy and power applications in Asia-Pacific, Europe, and North America face the greatest impact due to dependency on cross-border component flows. Nevertheless, tariffs are encouraging domestic component manufacturing, regional HVDC equipment assembly, and innovation in cost-optimized capacitor technologies, strengthening supply chain stability and supporting long-term transmission infrastructure growth.

The HVDC capacitor market research report is one of a series of new reports from The Business Research Company that provides HVDC capacitor market statistics, including HVDC capacitor industry global market size, regional shares, competitors with an HVDC capacitor market share, detailed HVDC capacitor market segments, market trends and opportunities, and any further data you may need to thrive in the HVDC capacitor industry. This HVDC capacitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hvdc capacitor market size has grown rapidly in recent years. It will grow from $6.18 billion in 2025 to $7.07 billion in 2026 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to growth in long-distance power transmission networks, adoption of hvdc systems in utility-scale projects, reliance on conventional capacitors, deployment in industrial power conditioning, expansion of renewable power interconnections.

The hvdc capacitor market size is expected to see rapid growth in the next few years. It will grow to $11.88 billion in 2030 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to increasing investment in smart grid modernization, rising adoption of energy-efficient capacitor technologies, expansion of hvdc links supporting renewable integration, growth in industrial high-power electronics, development of advanced power conditioning components. Major trends in the forecast period include expansion of high-efficiency hvdc transmission projects, development of intelligent grid-integrated capacitor systems, advancement of smart monitoring for capacitor banks, adoption of electrified infrastructure components, integration of automation in power conditioning systems.

The increasing demand for electricity is expected to drive the growth of the HVDC capacitors market going forward. Electricity is a fundamental form of energy that exists in both positive and negative forms and can be produced naturally or artificially. HV grids use power capacitors with high-current capability that can withstand major voltage fluctuations and surges to help maintain stable voltage in HVDC systems during long-distance electricity transmission. For example, in September 2024, according to the Department for Business, Energy & Industrial Strategy (BEIS), a UK-based government organization, electricity consumption in the road sector (for electric vehicles) increased by 55% from 2022 to 2023, and energy consumption in the transport sector also rose during this period. Therefore, the increasing demand for electricity is driving the growth of the HVDC capacitors market.

Major companies in the HVDC capacitor market are prioritizing product innovation, such as power quality systems, to maintain a competitive edge. Power quality systems are integrated solutions that employ capacitors, converters, and control algorithms to stabilize voltage, reduce harmonics, and boost transmission efficiency in high-voltage direct current networks. For example, in April 2023, Hitachi Energy Ltd., a Switzerland-based high-voltage power transmission technology provider, announced a dry-type capacitor production expansion project at its Xi'an facility, incorporating intelligent conveyor systems, AI-driven visual inspection, and robotic automation to produce higher-performance capacitors for HVDC transmission. This advancement improves grid integration of renewable energy and long-distance power transfer, although the elevated cost of advanced materials and longer qualification timelines may slow adoption in price-sensitive markets.

In February 2023, Mitsubishi Electric Corporation, a renowned Japan-based electronics and electrical equipment company, successfully acquired Scibreak AB for an undisclosed sum. This strategic move is geared towards enhancing the competitiveness of Mitsubishi's unified business. The focus is on collaborating closely to develop DCCB (Direct Current Circuit Breaker) technologies for high-voltage direct current (HVDC) systems. The aim is to support the growing global deployment of renewable energy. Scibreak AB, the acquired company, is based in Sweden and is recognized for its expertise in manufacturing high-voltage, fast-acting circuit breakers.

Major companies operating in the hvdc capacitor market are Hitachi Energy Ltd., General Electric Company, TDK Corporation, Eaton Corporation PLC, Yageo Corporation, Vishay Intertechnology Inc., ELECTRONICON Kondensatoren GmbH, Siemens AG, Samwha Capacitor Group, ShanghAI Siyuan Electric Co. Ltd., ABB Ltd., API Capacitors, Illinois Capacitor Inc., Aerovox Corp., Panasonic Corporation, Nichicon Corporation, Cornell Dubilier Electronics Inc., AVX Corporation, HVP High Voltage Products GmbH, ZEZ SILKO Czech Republic, KEMET Corporation, Sieyuan Electric Co. Ltd.

North America was the largest region in the HVDC capacitor market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hvdc capacitor market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the hvdc capacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The HVDC capacitor market consists of sales of monopolar HVDC transmission systems, bipolar HVDC transmission systems, homopolar HVDC transmission systems, back-to-back coupling systems, and multi-terminal HVDC systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

HVDC Capacitor Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses hvdc capacitor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for hvdc capacitor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hvdc capacitor market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Product Type: Plastic Film Capacitor; Ceramic Capacitor; Aluminum Electrolytic Capacitor; Other Product Types
• 2) By Installation Type: Open Rack Capacitor Banks; Enclosed Rack Capacitor Banks; Pole-Mounted Capacitor Banks
• 3) By Application: Commercial; Industrial; Energy And Power; Defense; Other Applications
• Subsegments:
• 1) By Plastic Film Capacitor: Polypropylene Film Capacitors; Polyester Film Capacitors; Other Plastic Film Capacitors
• 2) By Ceramic Capacitor: Disc Ceramic Capacitors; Other Ceramic Capacitors
• 3) By Aluminum Electrolytic Capacitor: Radial Lead Aluminum Electrolytic Capacitors; Axial Lead Aluminum Electrolytic Capacitors; Snap-In Aluminum Electrolytic Capacitors
• 4) By Other Product Types: High-Voltage Power Film Capacitors; DC Link Capacitors; Power Factor Correction (PFC) Capacitors; Oil-Filled High-Voltage Capacitors; Pulse Power Capacitors
• Companies Mentioned: Hitachi Energy Ltd.; General Electric Company; TDK Corporation; Eaton Corporation PLC; Yageo Corporation; Vishay Intertechnology Inc.; ELECTRONICON Kondensatoren GmbH; Siemens AG; Samwha Capacitor Group; Shanghai Siyuan Electric Co. Ltd.; ABB Ltd.; API Capacitors; Illinois Capacitor Inc.; Aerovox Corp.; Panasonic Corporation; Nichicon Corporation; Cornell Dubilier Electronics Inc.; AVX Corporation; HVP High Voltage Products GmbH; ZEZ SILKO Czech Republic; KEMET Corporation; Sieyuan Electric Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.