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HVDC Capacitor Market by Product Type (Ceramic Capacitors, Plastic Film Capacitors), Technology, Installation Type (Open Rack Capacitor Banks, Enclosed Rack Capacitor Banks), Application (Industrial, Commercial) and Region - Global Forecast to 2031

August 2023 | 238 pages | ID: HE3D30E0BDEEN
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The global HVDC capacitor market was valued at USD 6.4 billion in 2023 to USD 17.9 billion by 2031; it is expected to grow at a CAGR of 13.8% from 2023 to 2031. The growth of HVDC projects for long-distance electricity transmission, renewable energy integration, and power grid interconnection can greatly drive the HVDC capacitor market. Moreover, HVDC systems are increasingly used with energy storage options to control peak demand, store excess energy, and provide grid stabilization services.

Key players operating in the HVDC Capacitor Market are Hitachi, Ltd. (Japan), General Electric (US), TDK Corporation (Japan), Eaton (US), KYOCERA Corporation (Japan), YAGEO Corporation (Taiwan), Vishay Intertechnology, Inc. (US). The energy and power application segment in the High-Voltage Direct Current (HVDC) capacitor market is driven by many important aspects such as Renewable Energy Integration, Long-Distance Transmission, Grid Interconnections, Grid Stabilization and Power Quality, and Energy Storage Integration.

The ceramic capacitor product type is projected to grow at the highest CAGR during the forecast period.

HVDC ceramic capacitors are projected to grow at the highest CAGR during the forecast period owing to the increased adoption of these capacitors in the automotive, transportation, consumer electronics, healthcare, energy and power, and telecommunications industries. Ceramic capacitors are well-known for their exceptional stability and low loss levels. They are not polarized and can be connected to both AC and DC power sources. They can also be downsized and produced in mass quantities. They can also tolerate voltage fluctuations. As a result, they are used in resonant circuits in transmission stations, bypass filters, coupling or decoupling, and oscillators.

The Voltage-Source Converter (VSC) technology is projected to grow at the highest CAGR during the forecast period.

The Voltage-Source Converter (VSC) technology will likely grow at the highest CAGR during the forecast period. VSC is a newer technology based on power transistors. In this technology, the reactive power compensation system is not required to supply reactive power to the grid. It operates at very low or almost zero power for transmitting reactive power. 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.

Asia Pacific region is likely to grow at the highest CAGR.

The Asia Pacific region has undergone remarkable economic advancement, urban development, and a surge in energy requirements. These elements, along with others, play a significant role in propelling the growth of the HVDC capacitor market in this area. When considering Asia Pacific, the emphasis is primarily on countries like China, Japan, India, and the rest of the region. China and India particularly stand out as major players in the HVDC capacitor market within this region. Due to their dense populations and the need to satisfy escalating energy needs, these nations are substantial electricity producers. Both countries are actively prioritizing the expansion of their energy generation infrastructure.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
  • By Company Type - Tier 1 – 50%, Tier 2 – 30%, Tier 3 – 20%
  • By Designation— C-level Executives - 45%, Directors - 35%, Others – 20%
  • By Region—North America - 20%, Europe - 40%, Asia Pacific - 30%, RoW - 10%
The HVDC Capacitor Market is dominated by a few globally established players such as Hitachi, Ltd. (Japan), General Electric (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). The study includes an in-depth competitive analysis of these key players in the HVDC capacitor market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report segments the HVDC Capacitor Market and forecasts its size by product type, technology, installation type, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions— North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the HVDC Capacitor ecosystem.

Key Benefits to Buy the Report:
  • Analysis of Key Drivers (Rising demand for HVDC transmission systems, Increasing adoption of renewable energy sources with rising energy consumption, Ongoing government initiatives to improve energy infrastructure). Restraints (Hazardous effects of HV capacitors on humans and environment). Opportunities (Rising adoption of HVDC capacitors by industrial consumers in Asia Pacific, Escalating demand for electric vehicles) and Challenges (Catastrophic explosion of capacitor banks).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the HVDC Capacitor Market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the HVDC Capacitor Market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the HVDC Capacitor Market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Hitachi, Ltd. (Japan), General Electric (US), TDK Corporation (Japan), Eaton (US), KYOCERA Corporation (Japan), YAGEO Corporation (Taiwan), Vishay Intertechnology, Inc. (US) among others in the HVDC capacitor market.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
  1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
FIGURE 1 HVDC CAPACITOR MARKET: SEGMENTATION
  1.3.2 REGIONAL SCOPE
  1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
  1.7.1 IMPACT OF RECESSION

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 2 HVDC CAPACITOR MARKET: RESEARCH DESIGN
  2.1.1 SECONDARY AND PRIMARY RESEARCH
  2.1.2 SECONDARY DATA
    2.1.2.1 List of key secondary sources
    2.1.2.2 Secondary sources
  2.1.3 PRIMARY DATA
    2.1.3.1 Primary interviews with experts
    2.1.3.2 Breakdown of primaries
    2.1.3.3 Key data from primary sources
    2.1.3.4 Key industry insights
2.2 FACTOR ANALYSIS
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—TOP-DOWN (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SALES OF HVDC CAPACITORS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN HVDC CAPACITOR MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2—BOTTOM-UP (DEMAND SIDE): DEMAND FOR HVDC CAPACITORS, BY PRODUCT TYPE
2.3 MARKET SIZE ESTIMATION
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
  2.3.1 BOTTOM-UP APPROACH
    2.3.1.1 Approach to obtain market size using bottom-up analysis (demand side)
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  2.3.2 TOP-DOWN APPROACH
    2.3.2.1 Approach to obtain market size using top-down analysis (supply side)
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
  2.5.1 ASSUMPTIONS
  2.5.2 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON HVDC CAPACITOR MARKET
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

FIGURE 10 HVDC CAPACITOR MARKET
FIGURE 11 ENERGY AND POWER APPLICATION TO ACCOUNT FOR LARGEST SHARE OF HVDC CAPACITOR MARKET IN 2031
FIGURE 12 LCC TECHNOLOGY TO HOLD LARGER MARKET SHARE IN 2031
FIGURE 13 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR HVDC CAPACITORS DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR HVDC CAPACITOR MARKET PLAYERS
FIGURE 14 RISING ELECTRICITY DEMAND OWING TO GROWING POPULATION WORLDWIDE TO FUEL MARKET GROWTH FROM 2023 TO 2031
4.2 HVDC CAPACITOR MARKET, BY PRODUCT TYPE
FIGURE 15 PLASTIC FILM CAPACITORS TO HOLD MAJORITY SHARE OF GLOBAL HVDC CAPACITOR MARKET IN 2031
4.3 HVDC CAPACITOR MARKET, BY INSTALLATION TYPE
FIGURE 16 ENCLOSED RACK CAPACITOR BANKS TO ACCOUNT FOR LARGER MARKET SHARE IN 2031
4.4 HVDC CAPACITOR MARKET, BY TECHNOLOGY AND APPLICATION
FIGURE 17 LCC TECHNOLOGY AND ENERGY AND POWER APPLICATION TO CAPTURE LARGEST MARKET SHARES IN 2023
4.5 HVDC CAPACITOR MARKET, BY REGION
FIGURE 18 HVDC CAPACITOR MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 HVDC CAPACITOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Rising demand for HVDC transmission systems
    5.2.1.2 Increasing adoption of renewable energy sources with rising energy consumption
    5.2.1.3 Ongoing government initiatives to improve energy infrastructure
FIGURE 20 HVDC CAPACITOR MARKET DRIVERS AND THEIR IMPACT
  5.2.2 RESTRAINTS
    5.2.2.1 Hazardous effects of HV capacitors on humans and environment
FIGURE 21 HVDC CAPACITOR MARKET RESTRAINTS AND THEIR IMPACT
  5.2.3 OPPORTUNITIES
    5.2.3.1 Rising adoption of HVDC capacitors by industrial consumers in Asia Pacific
    5.2.3.2 Growing demand for electric vehicles
FIGURE 22 HVDC CAPACITOR MARKET OPPORTUNITIES AND THEIR IMPACT
  5.2.4 CHALLENGES
    5.2.4.1 Catastrophic explosion of capacitor banks
FIGURE 23 HVDC CAPACITOR MARKET CHALLENGES AND THEIR IMPACT
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 24 HVDC CAPACITOR MARKET: SUPPLY CHAIN ANALYSIS
5.4 MARKET ECOSYSTEM
FIGURE 25 HVDC CAPACITOR MARKET: ECOSYSTEM
TABLE 1 LIST OF HVDC CAPACITOR AND CAPACITOR BANK MANUFACTURERS
5.5 PRICING ANALYSIS
TABLE 2 AVERAGE SELLING PRICE OF HVDC CAPACITORS, BY PRODUCT TYPE
FIGURE 26 AVERAGE SELLING PRICE OF HVDC CAPACITORS OFFERED BY KEY PLAYERS, BY PRODUCT TYPE
TABLE 3 AVERAGE SELLING PRICE OF HVDC CAPACITORS OFFERED BY KEY PLAYERS, BY PRODUCT TYPE
FIGURE 27 AVERAGE SELLING PRICE TREND FOR HVDC CAPACITORS, 2019–2031 (USD)
5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 28 REVENUE SHIFT AND NEW REVENUE POCKETS FOR HVDC CAPACITOR MARKET PLAYERS
5.7 TECHNOLOGY ANALYSIS
  5.7.1 KEY TECHNOLOGIES
    5.7.1.1 HVDC technology
    5.7.1.2 Flat winding technology
    5.7.1.3 HVDC power film technology
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 HVDC CAPACITOR MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS
  5.8.1 INTENSITY OF COMPETITIVE RIVALRY
  5.8.2 THREAT OF SUBSTITUTES
  5.8.3 BARGAINING POWER OF BUYERS
  5.8.4 BARGAINING POWER OF SUPPLIERS
  5.8.5 THREAT OF NEW ENTRANTS
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR APPLICATIONS
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR MAJOR APPLICATIONS (%)
  5.9.2 BUYING CRITERIA
FIGURE 31 KEY BUYING CRITERIA FOR MAJOR APPLICATIONS
TABLE 6 KEY BUYING CRITERIA FOR MAJOR APPLICATIONS
5.10 CASE STUDY
  5.10.1 GENERAL ELECTRIC SIGNS CONTRACT WITH TENNET FOR INNOVATIVE 2 GW PROGRAM
  5.10.2 EATON ENABLES SMART PREDICTIVE ELECTRICAL MAINTENANCE FOR COMMERCIAL AND INDUSTRIAL END USERS
  5.10.3 TDK CORPORATION EXPANDS MANUFACTURING FACILITY TO ENHANCE MULTILAYER CERAMIC CAPACITORS (MLCC)
  5.10.4 HITACHI ENERGY HELPS TRANSGRID IMPROVE POWER QUALITY OF QNI
  5.10.5 HITACHI ABB POWER GRIDS HELPS MINNESOTA POWER INCREASE AVAILABILITY OF CLEAN POWER TO ITS CUSTOMERS
5.11 TRADE ANALYSIS
  5.11.1 IMPORT SCENARIO
TABLE 7 IMPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
  5.11.2 EXPORT SCENARIO
TABLE 8 EXPORT DATA, BY COUNTRY, 2018–2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 32 PATENTS GRANTED WORLDWIDE, 2013–2022
TABLE 9 TOP 20 PATENT OWNERS, 2013–2022
FIGURE 33 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2013–2022
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 10 HVDC CAPACITOR MARKET: LIST OF CONFERENCES AND EVENTS
5.14 TARIFF AND REGULATORY LANDSCAPE
  5.14.1 STANDARDS
    5.14.1.1 International Electrotechnical Commission (IEC)
    5.14.1.2 International Organization for Standardization (ISO)
  5.14.2 TARIFFS
  5.14.3 REGULATIONS
  5.14.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

6 HVDC CAPACITOR MARKET, BY PRODUCT TYPE

6.1 INTRODUCTION
FIGURE 34 HVDC CAPACITOR MARKET, BY PRODUCT TYPE
FIGURE 35 PLASTIC FILM CAPACITORS TO HOLD LARGEST MARKET SHARE IN 2031
TABLE 13 HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 14 HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2023–2031 (USD MILLION)
TABLE 15 HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2019–2022 (MILLION UNITS)
TABLE 16 HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2023–2031 (MILLION UNITS)
6.2 PLASTIC FILM CAPACITORS
  6.2.1 SUITABLE FOR ENERGY AND POWER APPLICATIONS DUE TO LONG SERVICE LIFE AND HIGH RELIABILITY
FIGURE 36 CONSTRUCTION OF PLASTIC FILM CAPACITORS
TABLE 17 DIFFERENT CHARACTERISTICS OF DIELECTRICS IN PLASTIC FILM CAPACITORS
TABLE 18 PLASTIC FILM CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 19 PLASTIC FILM CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
6.3 ALUMINUM ELECTROLYTIC CAPACITORS
  6.3.1 IDEAL FOR APPLICATIONS REQUIRING LARGER CAPACITANCE VALUES
FIGURE 37 CONSTRUCTION OF ALUMINUM ELECTROLYTIC CAPACITORS
TABLE 20 ALUMINUM ELECTROLYTIC CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 21 ALUMINUM ELECTROLYTIC CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
6.4 CERAMIC CAPACITORS
  6.4.1 WIDELY USED FOR ELECTROSTATIC DISCHARGE PROTECTION IN AUTOMOTIVE APPLICATIONS
FIGURE 38 CONSTRUCTION OF MULTILAYER CERAMIC CAPACITORS (MLCC)
TABLE 22 CERAMIC CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 23 CERAMIC CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
6.5 TANTALUM WET CAPACITORS
  6.5.1 PREFERRED IN INDUSTRIAL AND MILITARY APPLICATIONS DUE TO HIGH RELIABILITY AND STABILITY
FIGURE 39 CONSTRUCTION OF TANTALUM WET CAPACITORS
TABLE 24 TANTALUM WET CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 25 TANTALUM WET CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
6.6 OTHERS
FIGURE 40 CONSTRUCTION OF GLASS CAPACITORS
TABLE 26 OTHERS: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 27 OTHERS: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)

7 HVDC CAPACITOR MARKET, BY TECHNOLOGY

7.1 INTRODUCTION
FIGURE 41 HVDC CAPACITOR MARKET, BY TECHNOLOGY
FIGURE 42 LCC SEGMENT TO HOLD LARGER SHARE OF HVDC CAPACITOR MARKET IN 2031
TABLE 28 HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 29 HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
7.2 LINE-COMMUTATED CONVERTER (LCC)
  7.2.1 USED FOR LARGE-CAPACITY POWER TRANSMISSION WITH LOW LOSS
TABLE 30 LCC: HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 LCC: HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)
7.3 VOLTAGE-SOURCE CONVERTER (VSC)
  7.3.1 PROVIDES QUICKER POWER FLOW REGULATION WITH FLEXIBLE AND PROLONGED REACTIVE POWER
TABLE 32 VSC: HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 33 VSC: HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)

8 HVDC CAPACITOR MARKET, BY INSTALLATION TYPE

8.1 INTRODUCTION
FIGURE 43 HVDC CAPACITOR MARKET, BY INSTALLATION TYPE
FIGURE 44 ENCLOSED RACK CAPACITOR BANKS TO CAPTURE LARGEST SHARE OF HVDC CAPACITOR MARKET IN 2023
TABLE 34 HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 35 HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2023–2031 (USD MILLION)
8.2 OPEN RACK CAPACITOR BANKS
  8.2.1 HELP REDUCE POWER LOSS AND IMPROVE VOLTAGE STABILITY IN TRANSMISSION AND DISTRIBUTION NETWORKS
TABLE 36 OPEN RACK CAPACITOR BANKS: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 37 OPEN RACK CAPACITOR BANKS: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
  8.2.2 INTERNALLY FUSED CAPACITOR BANKS
FIGURE 45 INTERNALLY FUSED CAPACITOR BANK DESIGN
  8.2.3 EXTERNALLY FUSED CAPACITOR BANKS
FIGURE 46 EXTERNALLY FUSED CAPACITOR BANK DESIGN
  8.2.4 FUSELESS CAPACITOR BANKS
FIGURE 47 FUSELESS CAPACITOR BANK DESIGN
8.3 ENCLOSED RACK CAPACITOR BANKS
  8.3.1 REDUCES FAULT DAMAGE AND ALLOWS GREATER SYNCHRONIZATION WITH UPSTREAM PROTECTIVE DEVICES
TABLE 38 ENCLOSED RACK CAPACITOR BANKS: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 39 ENCLOSED RACK CAPACITOR BANKS: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
  8.3.2 FIXED CAPACITOR BANKS
  8.3.3 AUTOMATIC CAPACITOR BANKS
8.4 POLE-MOUNTED CAPACITOR BANKS
  8.4.1 OFFERS VOLTAGE REGULATION AND POWER FACTOR DUE TO SIMPLE DESIGN AND LOW EQUIPMENT COST
TABLE 40 POLE-MOUNTED CAPACITOR BANKS: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 POLE-MOUNTED CAPACITOR BANKS: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)

9 HVDC CAPACITOR MARKET, BY APPLICATION

9.1 INTRODUCTION
FIGURE 48 HVDC CAPACITOR MARKET, BY APPLICATION
FIGURE 49 ENERGY AND POWER APPLICATION TO LEAD HVDC CAPACITOR MARKET IN 2031
TABLE 42 HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 43 HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
9.2 COMMERCIAL
  9.2.1 REQUIREMENT TO MEET QUALITY AND RELIABILITY STANDARDS IN AUTOMOTIVE APPLICATIONS TO BOOST MARKET
TABLE 44 COMMERCIAL: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 45 COMMERCIAL: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2023–2031 (USD MILLION)
TABLE 46 COMMERCIAL: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 47 COMMERCIAL: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2023–2031 (USD MILLION)
TABLE 48 COMMERCIAL: HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 49 COMMERCIAL: HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)
9.3 INDUSTRIAL
TABLE 50 INDUSTRIAL: HVDC CAPACITOR MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
TABLE 51 INDUSTRIAL: HVDC CAPACITOR MARKET, BY SUB-TYPE, 2023–2031 (USD MILLION)
TABLE 52 INDUSTRIAL: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 53 INDUSTRIAL: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2023–2031 (USD MILLION)
TABLE 54 INDUSTRIAL: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 55 INDUSTRIAL: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2023–2031 (USD MILLION)
TABLE 56 INDUSTRIAL: HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 57 INDUSTRIAL: HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)
  9.3.1 HEAVY MANUFACTURING
    9.3.1.1 Need for consistent power supply with low voltage swings and power loss to drive market
  9.3.2 MINING
    9.3.2.1 Increasing utilization in mining power inverters to create demand for HVDC capacitors
  9.3.3 STEEL MANUFACTURING
    9.3.3.1 Requirement for power factor correction and high-quality electricity to promote use of HVDC capacitors
  9.3.4 PETROCHEMICALS
    9.3.4.1 Need to reduce CO2 emissions and energy consumption to boost adoption of HVDC capacitors
  9.3.5 OTHERS
9.4 ENERGY AND POWER
TABLE 58 ENERGY AND POWER: HVDC CAPACITOR MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
TABLE 59 ENERGY AND POWER: HVDC CAPACITOR MARKET, BY SUB-TYPE, 2023–2031 (USD MILLION)
TABLE 60 ENERGY AND POWER: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 61 ENERGY AND POWER: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2023–2031 (USD MILLION)
TABLE 62 ENERGY AND POWER: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 63 ENERGY AND POWER: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2023–2031 (USD MILLION)
TABLE 64 ENERGY AND POWER: HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 ENERGY AND POWER: HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)
  9.4.1 POWER TRANSMISSION
    9.4.1.1 Rising demand for integrated networks and bulk power transmission to promote use of HVDC capacitors
  9.4.2 POWER DISTRIBUTION
    9.4.2.1 Surging use of HVDC capacitors to convert DC power to AC power to propel market
  9.4.3 RENEWABLE POWER GENERATION
TABLE 66 RENEWABLE POWER GENERATION: HVDC CAPACITOR MARKET, BY SUB-TYPE, 2019–2022 (USD MILLION)
TABLE 67 RENEWABLE POWER GENERATION: HVDC CAPACITOR MARKET, BY SUB-TYPE, 2023–2031 (USD MILLION)
    9.4.3.1 Wind power plants
      9.4.3.1.1 Increasing offshore wind power capacity to support market growth
    9.4.3.2 Solar power plants
      9.4.3.2.1 Rising installed solar energy capacity to boost demand for HVDC capacitors
9.5 AEROSPACE AND DEFENSE
  9.5.1 DEPLOYMENT OF HVDC CAPACITORS IN RADAR SYSTEMS, POWER SUPPLIES, AND GUIDANCE SYSTEMS TO FUEL DEMAND
TABLE 68 AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 69 AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2023–2031 (USD MILLION)
TABLE 70 AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 71 AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2023–2031 (USD MILLION)
TABLE 72 AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)
9.6 OTHERS
TABLE 74 OTHERS: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2019–2022 (USD MILLION)
TABLE 75 OTHERS: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2023–2031 (USD MILLION)
TABLE 76 OTHERS: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 77 OTHERS: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2023–2031 (USD MILLION)
TABLE 78 OTHERS: HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 79 OTHERS: HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)

10 HVDC CAPACITOR MARKET, BY REGION

10.1 INTRODUCTION
FIGURE 50 REGIONAL SPLIT OF HVDC CAPACITOR MARKET
FIGURE 51 EUROPE TO LEAD GLOBAL HVDC CAPACITOR MARKET IN 2031
TABLE 80 HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 81 HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 52 NORTH AMERICA: HVDC CAPACITOR MARKET SNAPSHOT
TABLE 82 NORTH AMERICA: HVDC CAPACITOR MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 83 NORTH AMERICA: HVDC CAPACITOR MARKET, BY COUNTRY, 2023–2031 (USD MILLION)
TABLE 84 NORTH AMERICA: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 85 NORTH AMERICA: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
  10.2.1 US
    10.2.1.1 Focus on innovation and advancement in technical fields to drive market
TABLE 86 US: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 87 US: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.2.2 CANADA
    10.2.2.1 Growing renewable energy sector, swift urbanization, and expanding rural electrification to propel market
TABLE 88 CANADA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 89 CANADA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.2.3 MEXICO
    10.2.3.1 High demand for electric and hybrid vehicles to boost market
TABLE 90 MEXICO: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 91 MEXICO: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.2.4 IMPACT OF RECESSION ON HVDC MARKET IN NORTH AMERICA
10.3 EUROPE
FIGURE 53 EUROPE: HVDC CAPACITOR MARKET SNAPSHOT
TABLE 92 EUROPE: HVDC CAPACITOR MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 93 EUROPE: HVDC CAPACITOR MARKET, BY COUNTRY, 2023–2031 (USD MILLION)
TABLE 94 EUROPE: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 95 EUROPE: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
  10.3.1 SWEDEN
    10.3.1.1 Cross-country transmission projects to create requirement for HVDC capacitors
TABLE 96 SWEDEN: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 97 SWEDEN: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.3.2 UK
    10.3.2.1 Ongoing offshore wind projects to create opportunities for HVDC technology providers
TABLE 98 UK: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 99 UK: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.3.3 GERMANY
    10.3.3.1 Technological innovations in automotive sector to boost market
TABLE 100 GERMANY: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 101 GERMANY: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.3.4 NORWAY
    10.3.4.1 Ongoing HVDC projects to accelerate market growth
TABLE 102 NORWAY: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 103 NORWAY: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.3.5 REST OF EUROPE
TABLE 104 REST OF EUROPE: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 105 REST OF EUROPE: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.3.6 IMPACT OF RECESSION ON HVDC MARKET IN EUROPE
10.4 ASIA PACIFIC
FIGURE 54 ASIA PACIFIC: HVDC CAPACITOR MARKET SNAPSHOT
TABLE 106 ASIA PACIFIC: HVDC CAPACITOR MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 107 ASIA PACIFIC: HVDC CAPACITOR MARKET, BY COUNTRY, 2023–2031 (USD MILLION)
TABLE 108 ASIA PACIFIC: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 109 ASIA PACIFIC: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
  10.4.1 CHINA
    10.4.1.1 Strong need for smooth power distribution at transportation hubs to propel market
TABLE 110 CHINA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 111 CHINA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.4.2 JAPAN
    10.4.2.1 Thriving transportation and consumer electronics sectors to spur market growth
TABLE 112 JAPAN: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 113 JAPAN: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.4.3 INDIA
    10.4.3.1 Huge investments in renewable energy projects to generate demand for HVDC capacitors
TABLE 114 INDIA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 115 INDIA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.4.4 REST OF ASIA PACIFIC
  10.4.5 IMPACT OF RECESSION ON HVDC MARKET IN ASIA PACIFIC
TABLE 116 REST OF ASIA PACIFIC: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 117 REST OF ASIA PACIFIC: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
10.5 ROW
TABLE 118 ROW: HVDC CAPACITOR MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 119 ROW: HVDC CAPACITOR MARKET, BY REGION, 2023–2031 (USD MILLION)
TABLE 120 ROW: HVDC CAPACITOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 121 ROW: HVDC CAPACITOR MARKET, BY APPLICATION, 2023–2031 (USD MILLION)
  10.5.1 MIDDLE EAST & AFRICA
    10.5.1.1 Increase in HVDC projects to drive demand for HVDC capacitors
TABLE 122 MIDDLE EAST & AFRICA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 123 MIDDLE EAST & AFRICA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.5.2 SOUTH AMERICA
    10.5.2.1 High level of industrial activities to fuel HVDC capacitor market growth
TABLE 124 SOUTH AMERICA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 125 SOUTH AMERICA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2023–2031 (USD MILLION)
  10.5.3 IMPACT OF RECESSION ON HVDC MARKET IN ROW

11 COMPETITIVE LANDSCAPE

11.1 OVERVIEW
11.2 MARKET EVALUATION FRAMEWORK
TABLE 126 OVERVIEW OF STRATEGIES ADOPTED BY KEY HVDC CAPACITOR MANUFACTURERS
  11.2.1 PRODUCT PORTFOLIO
  11.2.2 REGIONAL FOCUS
  11.2.3 MANUFACTURING FOOTPRINT
  11.2.4 ORGANIC/INORGANIC STRATEGIES
11.3 MARKET SHARE ANALYSIS, 2022
TABLE 127 DEGREE OF COMPETITION (2022)
11.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS
FIGURE 55 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN HVDC CAPACITOR MARKET, 2018–2022
11.5 KEY COMPANY EVALUATION MATRIX, 2022
  11.5.1 STARS
  11.5.2 EMERGING LEADERS
  11.5.3 PERVASIVE PLAYERS
  11.5.4 PARTICIPANTS
FIGURE 56 HVDC CAPACITOR MARKET: KEY COMPANY EVALUATION MATRIX, 2022
11.6 COMPANY FOOTPRINT
TABLE 128 OVERALL COMPANY FOOTPRINT
TABLE 129 COMPANY FOOTPRINT: PRODUCT TYPE
TABLE 130 COMPANY FOOTPRINT: APPLICATION
TABLE 131 COMPANY FOOTPRINT: REGION
11.7 START-UPS/SMES EVALUATION MATRIX, 2022
  11.7.1 PROGRESSIVE COMPANIES
  11.7.2 RESPONSIVE COMPANIES
  11.7.3 DYNAMIC COMPANIES
  11.7.4 STARTING BLOCKS
FIGURE 57 START-UPS/SMES EVALUATION MATRIX, 2022
  11.7.5 COMPETITIVE BENCHMARKING
TABLE 132 HVDC CAPACITOR MARKET: LIST OF KEY START-UPS/SMES
TABLE 133 HVDC CAPACITOR MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES
11.8 COMPETITIVE SCENARIOS AND TRENDS
  11.8.1 PRODUCT LAUNCHES
TABLE 134 PRODUCT LAUNCHES, JANUARY 2020 - JUNE 2023
  11.8.2 DEALS
TABLE 135 DEALS, JANUARY 2020 - JUNE 2023
  11.8.3 OTHERS
TABLE 136 OTHERS, JANUARY 2020- JUNE 2023

12 COMPANY PROFILES

12.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
  12.1.1 HITACHI, LTD.
TABLE 137 HITACHI, LTD.: BUSINESS OVERVIEW
FIGURE 58 HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 138 HITACHI, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 139 HITACHI, LTD.: PRODUCT LAUNCHES
TABLE 140 HITACHI, LTD.: DEALS
TABLE 141 HITACHI, LTD.: OTHERS
  12.1.2 GENERAL ELECTRIC
TABLE 142 GENERAL ELECTRIC: BUSINESS OVERVIEW
FIGURE 59 GENERAL ELECTRIC: COMPANY SNAPSHOT
TABLE 143 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 GENERAL ELECTRIC: DEALS
  12.1.3 TDK CORPORATION
TABLE 145 TDK CORPORATION: BUSINESS OVERVIEW
FIGURE 60 TDK CORPORATION: COMPANY SNAPSHOT
TABLE 146 TDK CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 147 TDK CORPORATION: PRODUCT LAUNCHES
TABLE 148 TDK CORPORATION: OTHERS
  12.1.4 EATON
TABLE 149 EATON: BUSINESS OVERVIEW
FIGURE 61 EATON: COMPANY SNAPSHOT
TABLE 150 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 151 EATON: DEALS
  12.1.5 KYOCERA CORPORATION
TABLE 152 KYOCERA CORPORATION: BUSINESS OVERVIEW
FIGURE 62 KYOCERA CORPORATION: COMPANY SNAPSHOT
TABLE 153 KYOCERA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 154 KYOCERA CORPORATION: PRODUCT LAUNCHES
TABLE 155 KYOCERA CORPORATION: DEALS
TABLE 156 KYOCERA CORPORATION: OTHERS
  12.1.6 YAGEO GROUP
TABLE 157 YAGEO GROUP: BUSINESS OVERVIEW
FIGURE 63 YAGEO GROUP: COMPANY SNAPSHOT
TABLE 158 YAGEO GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  12.1.7 VISHAY INTERTECHNOLOGY, INC.
TABLE 159 VISHAY INTERTECHNOLOGY, INC.: BUSINESS OVERVIEW
FIGURE 64 VISHAY INTERTECHNOLOGY, INC.: COMPANY SNAPSHOT
TABLE 160 VISHAY INTERTECHNOLOGY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 161 VISHAY INTERTECHNOLOGY, INC.: PRODUCT LAUNCHES
TABLE 162 VISHAY INTERTECHNOLOGY, INC.: DEALS
  12.1.8 GENERAL ATOMICS
TABLE 163 GENERAL ATOMICS: BUSINESS OVERVIEW
TABLE 164 GENERAL ATOMICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 165 GENERAL ATOMICS: DEALS
TABLE 166 GENERAL ATOMICS: OTHERS
  12.1.9 LIFASA, INTERNATIONAL CAPACITORS, S.A.U
TABLE 167 LIFASA, INTERNATIONAL CAPACITORS, S.A.U: BUSINESS OVERVIEW
TABLE 168 LIFASA, INTERNATIONAL CAPACITORS, S.A.U: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 169 LIFASA, INTERNATIONAL CAPACITORS, S.A.U: DEALS
  12.1.10 ELECTRONICON KONDENSATOREN GMBH
TABLE 170 ELECTRONICON KONDENSATOREN GMBH: BUSINESS OVERVIEW
TABLE 171 ELECTRONICON KONDENSATOREN GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS
  12.2.1 SIEYUAN ELECTRIC CO., LTD.
  12.2.2 KUNSHAN GUOLI ELECTRONIC TECHNOLOGY CO., LTD.
  12.2.3 CONDIS
  12.2.4 SAMWHA CAPACITOR GROUP
  12.2.5 API CAPACITORS
  12.2.6 SHANGHAI YONGMING ELECTRONIC CO., LTD.
  12.2.7 WUXI CRE NEW ENERGY TECHNOLOGY CO., LTD.
  12.2.8 ISOFARAD KFT.
  12.2.9 HVP HIGH VOLTAGE PRODUCTS GMBH
  12.2.10 ZEZ SILKO

13 APPENDIX

13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS

The total HVDC capacitor market is expected to reach $XX million by 2020, at an estimated CAGR of XX% from 2014 to 2020. This report covers the key applications of the HVDC capacitor market, including the commercial sector, industrial sector, energy and power, defense, and others. Among all the applications, the energy and power sector is expected to be the largest contributor to the overall HVDC capacitor market, holding a ~XX% share of the market. It is expected to reach $XX million by 2020 at a CAGR of XX% from 2014. The industrial application was valued at $XX million in 2013 and is expected to reach $XX million by 2020. On the other hand, smaller application sectors, such as defense and others (medical, electronics, and so on) accounted for about XX% of the high voltage capacitors market in 2013.

In the HVDC capacitor market by technology, the Line Commutated Converter (LCC) technology held the major share worth XX% ($XX million) in 2013. LCC is a proven technology for asynchronous connection and bulk power transmission over long distances. However, there is a need for interconnections among the neighbouring power grids for reliable transmission of power. This need arises to prevent power failure and share power loads with existing grids, which have increased in the recent years. Thus, market opportunities for the VSC technology, which is more compact and enables renewable energy, is expected to increase over the next few years.

The majority of capacitors used for high voltage applications are plastic film capacitors. Plastic film capacitors, aluminum electrolytic capacitors, and ceramic capacitors have been identified as large markets in the high voltage capacitors and are expected to witness a significant growth over the next few years. The market for plastic film capacitors was valued at $XX million in 2013 and is expected to reach $XX million by 2020 at a CAGR of XX%. On the other hand, the markets for aluminum electrolytic capacitors and ceramic capacitors were valued at $XX million and $XX million respectively, in 2013. The overall HVDC capacitors are expected to continue to occupy a significant share of the global capacitor industry and will be a high growth market over the coming years.

Over the last two decades, HVDC has become a dominating technology for bulk power transmission over long distances. By 1970s, countries which adopted high voltage AC transmission had switched to HVDCtransmission due to benefits such as reduced electric losses and increased reliability of the transmission system.



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