HVDC Capacitor Market worth $15.3 Billion USD by 2030, at CAGR of 14.4%

 

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The growth of the HVDC capacitor market can be attributed to rising demand for HVDC transmission systems and increasing adoption of renewable energy sources with rising energy consumption. The growth of the market can be attributed to the rising demand for RF tunable filters in aerospace & defense industry and escalating demand for software-defined radios to be deployed in military communication equipment.

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Key Findings of the Global HVDC Capacitor Market :

1. 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.

2. 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 capacitor's 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.

3. KYOCERA AVX Corporation acquired ROHM Semiconductor’s tantalum and polymer capacitor businesses to expand the existing portfolio of electrolytic capacitor solutions for medical, military, and aerospace applications.

What are the Driving Factors of Evolution of technologies and consolidation of HVDC Capacitor Market?

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.

Increasing demand for 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.

HVDC Capacitor Market : Top Leading Companies Profiles:
VSC technology is projected to register a higher CAGR during the forecast

VSC is a newer technology based on power transistors. It reduces commutation risk failure due to low voltage requirements. Moreover, it is an ideal technology for submarine/land cable interconnection, integrating renewables, offshore, and urban infeed applications. Hence, VSC technology is projected to register a higher CAGR during the forecast.

Major players in the HVDC capacitor market are 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 of the key players in the HVDC capacitor market

HVDC Capacitor Market - Geographical Regional Vision by Marketsandmarkets^TM
Europe is projected to account for the largest global market share during the forecast period

Europe is projected to account for the largest global market share during the forecast period attributed to the robust presence of most market players, such as Eaton; LIFASA, International Capacitors, S.A.; ELECTRONICON Kondensatoren GmbH; CONDIS Group; API Capacitors Ltd.; Isofarad Ltd.; HVP High Voltage Products GmbH; and ZEZ SILKO, s.r.o. Europe, being a hub for several automotive companies, such as Mercedes-Benz, BMW Group, Audi AG, Bosch, Continental, and DAF Trucks, is one of the leading markets for HVDC capacitors.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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