The report "HVDC Capacitor Market by Product Type (Plastic Film Capacitors, Aluminum Electrolytic Capacitors), Technology (LCC, VSC), Installation Type, Application (Energy and Power, Industrial, Commercial) and Geography - Global Forecast to 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 HVDC capacitor market can be attributed to increasing adoption of renewable energy sources with rising energy consumption and ongoing government initiatives to improve energy infrastructure.
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Browse 149 market data Tables and 78 Figures spread through 242 Pages and in-depth TOC on "HVDC Capacitor Market and Geography - Global Forecast to 2030"
Ceramic capacitors are projected to register the highest CAGR during the forecast period
Ceramic capacitors can withstand variations in voltages. Hence, they find applications in resonant circuits in transmitting stations, bypass filters, oscillators, and coupling or decoupling applications. They are cost-effective and can be used to protect semiconductor devices that find applications in the automotive, transportation, consumer electronics, healthcare, energy and power, and telecommunications sectors. Hence, ceramic capacitors are projected to register the highest CAGR during the forecast period.
The pole-mounted capacitor banks are projected to register the highest CAGR in the HVDC capacitor market
The pole-mounted capacitor banks are projected to register the highest CAGR in the HVDC capacitor market. The growth can be attributed to the increased demand for these capacitor banks owing to several benefits, including easy installation and maintenance, less assembly, simple design, and cost-effectiveness. They are widely used in energy and power applications for transmitting power over long distances.
Europe is projected to account for the largest global market share during the forecast period
The countries house numerous automotive, consumer electronic device, and HVDC capacitor manufacturing companies, generating massive demand for HVDC capacitors in the region. Also, the rapid commercialization of 5G and the speedy development of space projects are contributing to the growth of the HVDC capacitor market in the region.
Hitachi, Ltd. (Japan), General Electric Company (us), TDK Corporation (Japan), Eaton (US), KYOCERA Corporation (Japan), YAGEO Corporation (Taiwan), Vishay Intertechnology, Inc. (US), General Atomics (US), LIFASA, International Capacitors, S.A. (Spain), and ELECTRONICON Kondensatoren GmbH (Germany) are some key players in the HVDC capacitor market
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