Summary
Major players in the hvdc capacitor market are Hitachi Energy, General Electric Company, TDK Corporation, Eaton Corporation plc, Kyocera Corporation, Yageo Corporation, Vishay Intertechnology Inc., General Atomics, Lifasa – International Capacitors S.A, ELECTRONICON Kondensatoren GmbH, Siemens AG, Maxwell Technologies Inc., Samwha Capacitor Group, Shanghai Siyuan Electric Co Ltd., Murata Manufacturing Co Ltd., and Zhejiang Huizhong Industrial Trading Co Ltd.
The global HVDC capacitor market is expected to grow from $4.14 billion in 2022 to $4.80 billion in 2023 at a compound annual growth rate (CAGR) of 16%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The HVDC capacitor market is expected to grow to $8.25 billion in 2027 at a CAGR of 14.5%.
The HVDC capacitor market consists of sales of monopolar HVDC transmission systems, bipolar HVDC transmission systems, homopolar HVDC transmission systems, back-to-back coupling systems, and multi-terminal HVDC systems.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
High voltage direct current (HVDC) capacitors refer to passive electronic components used in high voltage applications to store charge and energy. It is used to provide simple and reliable reactive power to improve system performance, quality, and efficiency.
North America was the largest region in the HVDC capacitor market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The regions covered in the HVDC capacitor report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main product types of HVDC capacitors are plastic film capacitors, ceramic capacitors, aluminum electrolytic capacitors, tantalum wet capacitors and others.A ceramic capacitor refers to a capacitor that uses a ceramic material as the dielectric.
The installation types are open rack capacitor banks, enclosed rack capacitor banks, and pole-mounted capacitor banks, which are applied in commercial, industrial, energy and power, defense and others.
The rising demand for electricity is expected to propel the growth of the HVDC capacitors market going forward.Electricity is a fundamental form of energy that can be observed in both positive and negative forms.
It is produced naturally and artificially.The HV grids use power capacitors with high-current capability that can withstand significant voltage fluctuations and surges to help achieve stable voltage in HVDC systems over the long-distance transmission of electricity.
For instance, in June 2022, according to Department for Business, Energy and Industrial Strategy, a UK-based government body, electricity consumption increased by 11% in the UK in 2022. Further, in 2022, according to the Central Electricity Authority of India, a statutory organization of the Indian government, electricity generation in the financial year (FY) 2021-22 increased by 7.96% to 1.491.859 billion units, and the demand in FY 2022-23 has increased by 16.79 compared to the previous year. Therefore, the rising demand for electricity is driving the growth of the HVDC capacitors market.
Product innovation is a key trend gaining popularity in the HVDC capacitors Major companies operating in the HVDC capacitor market are focused on developing new products to strengthen their position.For instance, in November 2021, Vishay Intertechnology, a US-based manufacturer of electronic components launched Vishay Polytech T50 series capacitors.
These capacitor chips are molded with vPolyTan™ surface-mount polymer tantalum and provide unique benefits such as withstanding temperature humidity bias (THB) testing of 85 °C, 85 % relative humidity for 500 hours, and function effectively under high temperatures of +125 °C. These capacitors also provide a wide capacitance range from 10 µF to 330 µF over voltage ratings from 2.5 V to 35 V, and a capacitance tolerance of ± 20 %.
In March 2020, Kyocera Corporation a Japan-based company operating in HVDC capacitors merged with AVX for an undisclosed amount.Through this merger, Kyocera will strengthen its position in the passive components market and better serve its customers.
AVX is a US-based company operating in HVDC capacitors.
The countries covered in the HVDC capacitor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The HVDC capacitor market research report is one of a series of new reports that provides HVDC capacitor market statistics, including HVDC capacitor industry global market size, regional shares, competitors with an HVDC capacitor market share, detailed HVDC capacitor market segments, market trends and opportunities, and any further data you may need to thrive in the HVDC capacitor industry. This HVDC capacitor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
