The Business Research Company’s report on the HVDC Capacitor Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the hvdc capacitor market in recent years?
The rising demand for electricity is expected to propel the growth of the HVDC capacitors market going forward. Electricity is a fundamental form of energy that can be observed in both positive and negative forms. It is produced naturally and artificially. The HV grids use power capacitors with high-current capability that can withstand significant voltage fluctuations and surges to help achieve stable voltage in HVDC systems over the long-distance transmission of electricity. For instance, in June 2022, according to the Department for Business, Energy and Industrial Strategy, a UK-based government body, electricity consumption increased by 11% in the UK in 2022. Further, in 2022, according to the Central Electricity Authority of India, a statutory organization of the Indian government, electricity generation in the financial year (FY) 2021-22 increased by 7.96% to 1.491.859 billion units, and the demand in FY 2022-23 has increased by 16.79 compared to the previous year. Therefore, the rising demand for electricity is driving the growth of the HVDC capacitors market.
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What is the projected market size of the hvdc capacitor industry, and how is it expected to grow?
The HVDC capacitor market size has grown rapidly in recent years. It will grow from $5.46 billion in 2024 to $6.27 billion in 2025 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to energy efficiency regulations, demand from utility and industrial sectors, government initiatives and investments, interconnection of grids, urbanization and electricity demand.
The HVDC capacitor market size is expected to see rapid growth in the next few years. It will grow to $10.77 billion in 2029 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to expansion of HVDC transmission systems, renewable energy growth, grid modernization initiatives, increasing urbanization and electricity demand, innovation in capacitor design. Major trends in the forecast period include energy storage integration, advancements in HVDC, interconnection of regional grids, government initiatives and investments, focus on grid stability and efficiency.
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Who are the key players driving competition in the hvdc capacitor market?
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, Maxwell Technologies Inc., Samwha Capacitor Group, Shanghai Siyuan Electric Co. Ltd., Murata Manufacturing Co. Ltd., ABB Ltd., API Capacitors, Illinois Capacitor Inc., Aerovox Corp., Panasonic Corporation, Taiyo Yuden Co.Ltd., Nichicon Corporation, Cornell Dubilier Electronics Inc., AVX Corporation, HVP High Voltage Products GmbH, ZEZ SILKO Czech Republic, KEMET Corporation, Sieyuan Electric Co. Ltd.
What key trends are expected to drive the hvac system market during the forecast period?
Major companies operating in the HVDC capacitor market are focusing on innovative products such as high-value high-voltage combined aluminum capacitors to drive revenues in their market. High-value high-voltage combined aluminum capacitors are a specific type of capacitor as they combine characteristics of aluminum electrolytic capacitors and aluminum-polymer capacitors to offer specific advantages in high-voltage applications. For instance, in December 2022, Vishay Intertechnology Inc., a U.S.-based electronics manufacturer, launched the 202 PML-ST series of high-value, high-voltage screw terminal aluminum electrolytic capacitors. These capacitors are designed to help designers store more energy in less space, featuring 11 small package outline sizes ranging from 35 mm x 60 mm to 90 mm x 220 mm. The series offers higher capacitance/voltage (CV) values compared to previous generations, with ripple current capabilities up to 49.6 A, an equivalent series resistance (ESR) as low as 2 mO, and a lifespan of up to 10,000 hours at +85 °C.
Which key geographies are driving the growth of the hvdc capacitor market?
North America was the largest region in the HVDC capacitor market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the hvdc capacitor market?
The HVDC capacitor market covered in this report is segmented –
1) By Product Type: Plastic Film Capacitor, Ceramic Capacitor, Aluminum Electrolytic Capacitor, Tantalum Wet 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: Multi-Layer Ceramic Capacitors (MLCC), 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 Tantalum Wet Capacitor: Solid Tantalum Capacitors, Liquid Tantalum Capacitors
5) By Other Product Types: Film Capacitors (Other Types), Supercapacitors, Hybrid Capacitors
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How is the hvdc capacitor market defined, and what are its core characteristics?
HVDC (High-Voltage Direct Current) capacitor is a component used in HVDC transmission systems to create a smooth voltage from irregular or pulsating sources. These capacitors are crucial for reducing electric losses and enhancing efficiency in long-distance power transmission. They are widely used in energy and power applications, including power generation and distribution facilities, as well as high-power electronics like pulsed lasers and phase shifters.
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