Press release
High Voltage Direct Current (HVDC) Capacitor Market 2022 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2027
The High Voltage Direct Current (HVDC) Capacitor Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the High Voltage Direct Current (HVDC) Capacitor market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the High Voltage Direct Current (HVDC) Capacitor market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the High Voltage Direct Current (HVDC) Capacitor market.The High Voltage Direct Current (HVDC) Capacitor Market registered a CAGR of 15.8% over the forecast period 2021 to 2026.
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Top Leading Companies of High Voltage Direct Current (HVDC) Capacitor Market are - Eaton Corporation PLC, ABB Ltd, RTDS Technologies Inc., Alstom SA, Maxwell Technologies Inc, Siemens AG, Sieyuan Electric Co. Ltd, Vishay Intertechnology Inc, TDK Corporation, AVX Corporation (Kyocera Corporation) and others.
Industry News and Updates:
- April 2020 - ABB has signed a five-year framework contract estimated to be worth around USD 100 million with South America’s largest utility company, Interconexion Electrica SA E.S.P. (ISA). ISA currently operates over 62,000 kilometers of power transmission infrastructure with over 7,000 kilometers more under construction.
Key Market Trends:
Energy & Power Sector Holds the Major Market Share
- HVDC capacitor suffices the highest electrical and mechanical requirements in the energy and power sector, including the generation, distribution, and transmission of energy that caters to diverse industries. They are used for the most diversified applications and can be operated under the most stringent environmental conditions. High voltage power capacitors enhance the transmission capacity, network stability, and contribute to a significant reduction in carbon dioxide emissions.
- The electricity generation process undergoes various transformations due to the limited presence of primary energy, which is directly convertible into electricity. This requires a high amount of energy that ascends the consumption, thereby increasing the need for HVDC capacitors. Such technological limitations in the energy and power sector have allowed the HVDC capacitors to remain relevant and pushed for the demand.
Americas to Hold Significant Market Share
- The Americas region mainly consists of North America and Latin America. The region is one of the major adopters and investors in the studied market, owing to their high rate of adoption of HVDC transmission systems. For instance, the residential, commercial, and industrial consumers in the United States continue to drive the adoption of HVDC capacitors, to enhance the transmission capacity and network stability.
- Further, the region is investing significantly in the HVDC transmission lines in recent years, which have attracted foreign vendors and has also boosted the local manufacturer's growth. Local companies, like GE, have acquired one of the top three HVDC solutions providers in the past to strengthen its position in the global HVDC systems market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- High Voltage Direct Current (HVDC) Capacitor Market Size & Analysis (2016 - 2026)
- Market Share Analysis of High Voltage Direct Current (HVDC) Capacitor Market (%),2016 - 2026
- High Voltage Direct Current (HVDC) Capacitor Market Share, By Brand
- High Voltage Direct Current (HVDC) Capacitor Market Share, By Company
- High Voltage Direct Current (HVDC) Capacitor Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies High Voltage Direct Current (HVDC) Capacitor Market Value Analysis & Forecast
- Promising High Voltage Direct Current (HVDC) Capacitor Development by Major Companies
- Detailed High Voltage Direct Current (HVDC) Capacitor Portfolio of the Major Companies
- Major Deals in the High Voltage Direct Current (HVDC) Capacitor Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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