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HVDC Capacitor Market worth $16.43 billion by 2030, growing at a CAGR of 14.88% - Exclusive Report by 360iResearch

02-21-2024 10:21 AM CET | Energy & Environment

Press release from: 360iResearch

HVDC Capacitor Market | 360iResearch

HVDC Capacitor Market | 360iResearch

The "HVDC Capacitor Market by Product Type (Aluminum Electrolytic Capacitor, Ceramic Capacitor, Plastic Film Capacitor), Technology (Line-Commutated Converter, Voltage-Source Converter), Installation Type, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global HVDC Capacitor Market to grow from USD 6.22 billion in 2023 to USD 16.43 billion by 2030, at a CAGR of 14.88%.

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High voltage direct current (HVDC) capacitors are critical components in HVDC transmission systems, which facilitate the long-distance, high-efficiency transmission of electricity across electrical grids. HVDC capacitors are designed to withstand high voltages and provide the necessary reactive power to control system voltage, demonstrating superior energy storage capabilities and supporting the smoothing of current in HVDC lines. The expansion of renewable energy, such as wind and solar, often located far from consumption centers, necessitates reliable long-distance transmission solutions that HVDC systems provide. The push towards greater grid interconnectivity for improved reliability and the ability to trade power across regions is further bolstering the adoption of HVDC technology. However, technical challenges related to the control and protection systems of HVDC lines impede their utility and development. Ongoing research and development are focusing on cost reduction through technology advancements, scaling of production, and improved financial models to justify the long-term benefits. The integration of solid-state devices, such as silicon carbide (SiC) and gallium nitride (GaN), is expected to enhance the performance and reliability of HVDC systems while reducing their size and complexity. Innovations such as Voltage source converter (VSC) technology, modular multi-level converters (MMC), and the deployment of smart grid concepts present considerable opportunities for HVDC capacitors.

The Americas, with a robust technological infrastructure and significant investments in renewable energy, exhibit a high demand for HVDC capacitors in grid stabilization and long-distance power transmission projects. Major companies in this region often engage in cutting-edge research, developing advanced capacitor technologies that contribute to the implementation of smart grids and energy storage solutions. APAC is characterized by rapid industrialization and urbanization, which has escalated the need for efficient, high-capacity power transmission systems. This region leads in the production of HVDC capacitors, which is attributed to the presence of prominent manufacturing hubs and the availability of cost-effective labor. The incentive for innovation is further fueled by the increasing energy demands and the integration of renewable energy sources, especially in China and India, which are aggressively investing in HVDC technology. EMEA presents a mature market with a strong emphasis on energy security and the reduction of carbon footprint. The usage of HVDC capacitors is driven by the renovation of existing power infrastructure and the advancement of offshore wind farms, particularly in the European Union. Companies in this region are established entities and innovators in HVDC technology, focusing on strategic collaborations and mergers to expand their global reach and capitalize on the burgeoning renewable energy sector.

Market Segmentation & Coverage:

This research report categorizes the HVDC Capacitor Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Aluminum Electrolytic Capacitor, Ceramic Capacitor, Plastic Film Capacitor, Reconstituted Mica Paper Capacitor, and Tantalum Wet Capacitor. The Reconstituted Mica Paper Capacitor is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Line-Commutated Converter and Voltage-Source Converter. The Voltage-Source Converter is projected to witness significant market share during forecast period.

Based on Installation Type, market is studied across Enclosed Rack Capacitor Banks, Open Rack Capacitor Banks, and Pole-Mounted Capacitor Banks. The Open Rack Capacitor Banks is projected to witness significant market share during forecast period.

Based on Application, market is studied across Aerospace & Defense, Energy & Power, Manufacturing, Metal & Mining, and Telecommunication. The Telecommunication is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.02% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the HVDC Capacitor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the HVDC Capacitor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the HVDC Capacitor Market, highlighting leading vendors and their innovative profiles. These include Alstom SA, AMETEK, Inc., API Capacitors Ltd, Condis Group, Eaton Corporation plc, Electronicon Kondensatoren GmbH, General Atomics Electromagnetic Systems, General Electric Company, Hitachi Energy Ltd., HVP High Voltage Products GmbH, INTERNATIONAL CAPACITORS, S.A.U., Isofarad Ltd., Kunshan Guoli Electronic Technology Co., Ltd., Kyocera Corporation, Next Gen Equipments Pvt. Ltd., Samwha Capacitor Co., Ltd., Shanghai Yongming Electronic Co., Ltd., Siemens AG, Sieyuan Electric Co., Ltd., TDK Corporation, Vishay Intertechnology, Inc., and Wuxi Cre New Energy Technology Co., Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. HVDC Capacitor Market, by Product Type
7. HVDC Capacitor Market, by Technology
8. HVDC Capacitor Market, by Installation Type
9. HVDC Capacitor Market, by Application
10. Americas HVDC Capacitor Market
11. Asia-Pacific HVDC Capacitor Market
12. Europe, Middle East & Africa HVDC Capacitor Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the HVDC Capacitor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the HVDC Capacitor Market?
3. What is the competitive strategic window for opportunities in the HVDC Capacitor Market?
4. What are the technology trends and regulatory frameworks in the HVDC Capacitor Market?
5. What is the market share of the leading vendors in the HVDC Capacitor Market?
6. What modes and strategic moves are considered suitable for entering the HVDC Capacitor Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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