HVDC Capacitor Market

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

Report Code: SE 2941 Aug, 2023, by marketsandmarkets.com

[244 Pages Report] The HVDC capacitor market is projected to grow from 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 factors driving the growth of the HVDC capacitor market include the increasing use of capacitors in commercial, industrial, aerospace and defense, and energy and power applications.

HVDC Capacitor Market

HVDC Capacitor Market

HVDC Capacitor Market Forecast to 2031

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HVDC Capacitor Market Dynamics

Rising demand for HVDC transmission systems

HVDC transmission systems are widely adopted by various industries, including aerospace & defense and energy & power, as an alternative for high-voltage alternating current (HVAC) systems for long-distance power transmission. HVDC transmission systems require fewer transmission lines, due to which they have a lower impact on the environment than HVAC systems. Also, they need less space for transmitting the same amount of energy. HVDC transmission systems help reduce transmission loss by 30–50% compared to AC overhead lines. An HVDC capacitor is among the core component of the HVDC transmission system. It plays a significant role in converting AC to DC, transporting power between HVDC converter stations, and changing DC back to AC so that electricity can be fed into the power grid. They help maintain voltage stability, improve power quality, and control power flow instantly. They also decrease the possibility of short-circuiting current by swiftly managing the power flow in the transmission lines.

Restraint: Hazardous effects of HV capacitors on humans and the environment

HV capacitors may catastrophically fail when subjected to voltages or currents beyond their rating or reaching their normal end of life. They may store hazardous energy even after the equipment has been de-energized and build a dangerous residual charge without an external source. The liquid dielectric in several capacitors, or its combustion products, may be toxic. An arc fault is generated when dielectric or metal interconnection failures occur in HV capacitors. The dielectric fluid vaporizes within oil-filled units and results in case bulging and rupture. In some instances, an explosion can occur, dispersing the flammable oil and causing fire and damage to the neighboring equipment. In such cases, rigid-cased cylindrical glass and plastic cases are more prone to explosive rupture than rectangular cases due to an inability to expand under pressure easily.

Opportunity:  Escalating demand for electric vehicles

Electric vehicles (EVs) are gaining traction globally as they are eco-friendly and an alternative to fuel-powered vehicles due to soaring oil prices. EVs comprise numerous electrical subsystems, including AC–DC conversion, DC–DC conversion, power management, and battery monitoring with a specific voltage, power, and size requirements, necessitating careful capacitor selection by designers. The electronic systems and components that have enabled the realization of various EVs have experienced a significant evolution, including the DC link power capacitor. Different HVDC capacitors, including aluminum electrolytic capacitors, film capacitors, tantalum capacitors, and ceramic capacitors, fulfill the high quality and reliability requirements of AEC-Q200 and VW AUDI 80808 standards are offered by various market players in the HVDC capacitor market. These capacitors can handle multiple voltage surges of up to twice the rated voltage without significantly decreasing the product lifespan.

Challenge: Catastrophic explosion of capacitor banks

An HVDC transmission system requires several capacitor banks connected in series and parallelly. These capacitor banks may explode catastrophically while functioning, and it is challenging to find out the exact cause of the failure of capacitor banks. One such reason for the explosion of the capacitor banks could be when the capacitor units are connected in series with inductors in the capacitor bank. When the voltage across the capacitor units exceeds the design values, the capacitor bank fails catastrophically due to inadequate voltage rating.

HVDC Capacitor Market Ecosystem

The prominent players 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). These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks.

HVDC Capacitor Market by Ecosystem

Plastic film capacitors accounted for the largest market share during the forecast period. 

HVDC plastic film capacitors are expected to capture the largest market share during the forecast period owing to the increased adoption of these capacitors in commercial, industrial, aerospace and defense, and energy and power applications. They are highly reliable due to their self-healing capability and long service life and can continue operating effectively even in high temperatures. These capacitors have several advantages, including high reliability, low failure rate, a long service life, and the ability to continue functioning efficiently even in high temperatures.

Enclosed rack capacitor banks accounted for the largest market share during the forecast period.

In 2022, enclosed rack capacitor banks captured the largest share of the HVDC capacitor market, and a similar trend is likely to be observed during the forecast period. In the HVDC capacitor market, several variables, including grid stability, load balancing, renewable energy integration, and grid modernization, might increase demand for enclosed rack capacitor banks due to lower installation and maintenance costs. Moreover, these banks require very little field assembly. They are used for reactive power compensation, power factor control, and harmonic filtering applications in commercial, industrial, and utility power systems. Thus, the increase in demand for enclosed rack capacitor banks for these applications is driving the growth of the HVDC capacitor market.

Energy and Power applications accounted for the largest market share during the forecast period.

The HVDC Capacitor Market for energy and power applications is expected to hold the highest market share during the forecast period. 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. The ongoing projects undertaken by governments to enhance energy generation and distribution infrastructure will likely result in high demand for pole-mounted capacitor banks in the future.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period.

Asia Pacific holds tremendous potential for the HVDC capacitor market due to the rising demand for these capacitors from the automotive and transportation, consumer electronics, industrial, aerospace & defense, mining, healthcare, energy & power, and telecommunications sectors. Moreover, the governments of different Asia Pacific countries have taken various initiatives such as funding energy expansion projects, renovating existing aging energy infrastructures, and formulating regulations and standards for less carbon emissions, mainly emphasizing the use of sustainable energy, especially solar and offshore wind farms, are expected to fuel the demand for HVDC capacitors in the region in the coming years.

HVDC Capacitor Market by Region

HVDC Capacitor Market by Region

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Key Market Players

The major players in the HVDC capacitor companies include 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)These companies have used organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships, to strengthen their position in the market.

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Scope of the Report

Report Metric

Details

Market Size Availability for Years

2019–2031

Base Year

2022

Forecast Period

2023–2031

Forecast Units

Value (USD)

Segments Covered

By Product Type, By Technology, By Installation Type, By Application

Geographies Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

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), Sieyuan Electric Co., Ltd. (China), Kunshan GuoLi Electronic Technology Co., Ltd.(China), Condis (Switzerland), samwha Capacitor Group  (South Korea), API Capacitors (UK), Shanghai Yongming Electronic Co., Ltd (China), WUXI CRE NEW ENERGY TECHNOLOGY CO., LTD. (China), Isofarad Kft. (Hungary), HVP High Voltage Products GmbH. (Germany), ZEZ SILKO Czech Republic (Czech Republic)

HVDC Capacitor Market Highlights

This research report categorizes the HVDC Capacitor Market based on product type, technology,  installation type, application, and region.

Segment

Subsegment

By Product Type

  • Introduction
  • Plastic Film Capacitors
  • Aluminium Electrolytic Capacitor
  • Ceramic Capacitor
  • Tantalum Wet Capacitor
  • Others

By Technology

  • Introduction
  • Line-Commutated Converter(LCC)
  • Voltage-Source Converter (VSC)

By Installation Type

  • Introduction
  • Open Rack Capacitor Banks
  • Enclosed Rack Capacitor Banks
  • Pole-Mounted Capacitor Banks

By Application

  • Introduction
  • Commercial
  • Industrial
  • Energy and Power
  • Aerospace and Defense
  • Others

By Region

  • Introduction
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Sweden
    • Germany
    • UK
    • Norway
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • ROW
    • Middle East & Africa
    • South America

Recent Developments

  • In April 2023, Kyocera Corporation declared the development of a new capacitor (MLCC) with EIA 0201 dimensions (0.6 mm x 0.3 mm). As smartphones and wearable gadgets become more complex, electronic circuits require more MLCC devices with larger capacitance values.
  • In March 2023, GE Renewable Energy’s Grid Solutions business announced that it had been awarded three High-Voltage Direct Current (HVDC) contracts totaling roughly 6 billion euros as part of a specially formed consortium with Sembcorp Marine for TenneT’s innovative 2GW Program in the Netherlands.
  • In February 2023, Vishay Intertechnology, Inc. released a new series of low-impedance, Automotive Grade micro aluminum electrolytic capacitors that perform better in smaller case sizes than previous-generation alternatives.
  • In February 2023, TDK Corporation introduced its new EPCOS B43652 series of snap-in aluminum electrolytic capacitors with particularly small dimensions and strong ripple current carrying capacity. The DC link circuitry of onboard chargers in xEVs is a common application for these capacitors with high CV products.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    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 (Page No. - 35)
    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 (Page No. - 50)
    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 (Page No. - 54)
    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 (Page No. - 57)
    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 (Page No. - 85)
    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 (Page No. - 99)
    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 (Page No. - 104)
    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 (Page No. - 114)
    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 (Page No. - 135)
     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 (Page No. - 163)
     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 (Page No. - 184)
     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 (Page No. - 239)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 
 

The study involved four major activities in estimating the size of the HVDC capacitor market. Exhaustive secondary research has been conducted to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering HVDC capacitors have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases.

Secondary research has been conducted mainly to obtain critical information about the market’s value chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both demand- and technology-oriented perspectives. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the HVDC capacitor market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand and supply sides across 4 major regions: North America, Europe, Asia Pacific, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

HVDC Capacitor Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the HVDC Capacitor Market.

  • Identifying approximate revenues of companies involved in the HVDC capacitors market ecosystem
  • Identifying various key players offering different types of HVDC capacitors
  • Analyzing the global penetration of each offering through primary and secondary research
  • Estimating the market for HVDC capacitors by product type
  • Tracking the ongoing developments and identifying the upcoming ones in the market that include investments, research and development activities, product launches, collaborations, and partnerships undertaken, as well as forecasting the market based on these developments and other critical parameters.
  • Carrying out multiple discussions with the key opinion leaders to understand the HVDC capacitors technologies and related raw materials, as well as products designed and developed to analyze the break-up of the scope of work carried out by the key companies manufacturing panels.
  • Verifying and cross-checking the estimate at every level through discussions with key opinion leaders such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts in MarketsandMarkets.
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases for the company- and region-specific developments undertaken in the HVDC capacitor market

HVDC Capacitor Market Size, and Bottom-Up Approach

The top-down approach has been used to estimate and validate the total size of the HVDC Capacitor Market.

  • Focusing initially on the high investments and expenditures undertaken in the ecosystem of HVDC capacitors, further splitting into product type, technology, installation type, application, and region and listing key developments in major market areas
  • Identifying all major players in the HVDC capacitor market and the deployment of their products for various applications and verifying the findings through secondary research and brief discussions with industry experts
  • Analyzing revenues, product mix, geographic presence, and key end-use applications of HVDC capacitors to estimate and arrive at the percentage splits
  • Discussing these splits with industry experts to validate the information and identify key growth pockets across all major segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

HVDC Capacitor Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the HVDC capacitor market through the process explained, the total market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from the demand and supply sides. The market has also been validated using the top-down and bottom-up approaches.

Market Definition

A high-voltage direct current (HVDC) capacitor creates a smooth voltage from irregular or pulsating voltage sources. HVDC capacitors offer high efficiency and reduce electric losses. Therefore, they are commonly used in HVDC transmission systems for long-distance, point-to-point power transfers. They are also used in DC supplies or electronic equipment and applications wherein high current pulses are produced. The scope of the study includes product types, technologies, installation types, and application of HVDC capacitors as well as regions wherein they are used.

Key Stakeholders

  • Suppliers of raw materials
  • Technology investors
  • Manufacturers and suppliers of a wide variety of HVDC capacitors
  • Integrators and service providers of HVDC capacitors
  • Government bodies such as regulatory authorities and policymakers for the electronics industry
  • Venture capitalists, startup companies, and private equity firms
  • Technology developers
  • Distributors, resellers, and traders
  • Hardware component suppliers and distributors
  • Original equipment manufacturers (OEMs) and system integrators
  • Standardization and testing firms
  • Associations, forums, and alliances related to the HVDC applications and energy generation sector
  • Research institutions and organizations
  • Market research and consulting firms
  • End users

Report Objectives

  • To describe, segment, and forecast the HVDC capacitor market based on technology, installation type, and application in terms of value
  • To describe and forecast the market size for different product types of HVDC capacitors in terms of value and volume
  • To describe and forecast the market for four key regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value and volume
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the HVDC capacitor market
  • To provide a detailed overview of the value chain pertaining to the HVDC capacitor ecosystem, along with the average selling prices of different types of HVDC capacitors
  • To strategically analyze the ecosystem, Porter’s five forces, technology analysis, tariffs and regulations, patent landscape, trade landscape, key conferences and events, and case studies pertaining to the market under study
  • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market
  • To analyze competitive developments such as product launches, collaborations, partnerships, contracts, expansions, and mergers and acquisitions in the HVDC capacitor market
  • To strategically profile the key players in the HVDC capacitor market and comprehensively analyze their market ranking and core competencies

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

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Report Code
SE 2941
Published ON
Aug, 2023
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