HVDC Capacitor

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Welcome to Revenue IMPACT ANALYSIS -

The growth of the HVDC capacitor market can be attributed to the rising demand for HVDC transmission systems and the increasing adoption of renewable energy sources with rising energy consumption.

HVDC Capacitor Market worth $15.3 billion by 2030 The global HVDC capacitor market is projected to reach USD 15.3 billion by 2030 from an estimated USD 5.2 billion in 2022, at a CAGR of 14.4% from 2022 to 2030. The growth of the market can be attributed to the rising demand for RF tunable filters in the aerospace & defense industry and escalating demand for software-defined radios to be deployed in military communication equipment. Download Informational PDF Brochure

Quantitative And Qualitative Analysis

Based on Product Type - Plastic Film Capacitors - Aluminum Electrolytic Capacitors - Ceramic Capacitors - Tantalum Wet Capacitors Based on Installation Type - Open Rack Capacitor Banks - Enclosed Rack Capacitor Banks - Pole-mounted Capacitor Banks Based on Technology - Line-commutated Converter (LCC) - Voltage-source Converter (VSC) Request Sample Pages

Asia Pacific is expected to register the highest growth in the HVDC capacitor market during the forecast period

The HVDC capacitor market in the Asia Pacific is expected to register the highest growth during the forecast period, as it is an ideal solution to reduce power loss and improve efficiency during long-distance point-to-point power transmission in the region. Moreover, the rising industrial transformation in the region is also contributing to the growth of the market.

MAJOR Key Players

• Hitachi, Ltd. (Japan), • General Electric Company (US), • TDK Corporation (Japan), • Eaton (US), • KYOCERA Corporation (Japan) In June 2022, Hitachi Energy, a subsidiary of Hitachi, Ltd., collaborated with Petrofac, a leading international service provider to the energy industry, to provide joint grid integration and associated infrastructure to support the rapidly growing offshore wind market. The collaboration includes the supply of high-voltage direct current (HVDC) and high-voltage alternating current (HVAC) solutions. In May 2022, TDK Corporation is expected to construct a new production building on the premises of the Kitakami Factory (Kitakami city, Japan) of TDK Electronics Factories Corporation to enhance multilayer ceramic capacitors production. The construction of the new building is likely to start in March 2023 and be completed in June 2024. The new production buildings are intended to strengthen the production of highly reliable MLCCs for electric vehicles (EVs), automatic driving, and ADAS with increasing demand.

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