HVDC capacitor market trends & forecast report categorizes global market by type (plastic film, aluminum electrolyte, ceramic, tantalum wet, reconstituted mica, glass), technology (LCC, VSC), installation (open rack, enclosed rack, pole mounted capacitor banks), application & geography.
HVDC Capacitor Market by Technology & Capacitor Type - 2020
HVDC capacitor market trends & forecast report categorizes global market by type (plastic film,
aluminum electrolyte, ceramic, tantalum wet, reconstituted mica, glass), technology (LCC, VSC),
installation (open rack, enclosed rack, pole mounted capacitor banks), application & geography.
Over the last two decades, HVDC capacitor has become a dominating technology for bulk power
transmission over long distances. The government initiatives toward energy trade and
interconnecting the power grid is expected to boost the deployment of the HVDC grid across the
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The types of the HVDC capacitor technologies covered in the report are Line Commutated Converter,
Voltage Source Converter, and others. In the HVDC capacitor market by technology, the Line
Commutated Converter (LCC) technology accounted for the major share worth 59% in 2013. Market
opportunities for the Voltage Source Converter (VSC) technology, which is more compact and
enables renewable energy, are expected to increase over the next few years.
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The report covers the key application sectors of the HVDC capacitor market, which include
commercial, industrial, energy and power, defense, and other sectors. Among all the applications,
the energy and power sector is expected to be the largest contributor to the overall HVDC capacitor
market, holding ~50% share.
The HVDC capacitor market for geographic regions such as Americas, Europe, Asia-Pacific, and the
Rest of the World (RoW) have also been included in the report. Europe was the largest geography in
terms of market size for the HVDC capacitor market. APAC, Europe, and RoW are also considered as
promising markets, along with China, Japan, India, and Australia, which provide impetus to the
The major drivers for the growth of the HVDC capacitor market are supportive government
regulations, need for improved stability, and low transmission losses in the existing power
infrastructure along with demand driven by smaller, niche end-user segments. There are some
restraining factors for the market, such as high infrastructure cost and lack of standardization. The
HVDC capacitor industry is growing rapidly due to the growth of infrastructure and automation,
which are the key opportunities for the HVDC capacitor market.
The report profiles promising major players with a SWOT analysis of key players in the HVDC
capacitor market. The competitive landscape of the market presents an interesting picture, where a
large number of small players have become a force to reckon with. The market witnesses a series of
new product launch announcement and partnership across the value chain.
The report also discusses the future of the global market with road-map, upcoming technologies,
markets, and applications with respect to HVDC capacitors. The HVDC capacitor market is rapidly
growing in the renewable energy sector, which represent potential end-users for this market. Key
players in this industry include ABB Ltd. (Switzerland), Epcos AG (Germany), Siemens Energy
(Germany), Alstom SA (France), Toshiba (Japan), and others.
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