The High Voltage Direct Current (HVDC) Capacitor Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025. The High Voltage Direct Current (HVDC) Capacitor market report is a valuable source of data for business strategists. The process for developing an updated forecast and creating the market report involves the compilation and analysis of all derivative or application sectors with a country-wise analysis of demand trends, taking into account the economic, political, and legislative environment. We have taken a holistic approach to formulate and develop a clear market model for accurate market numbers. This High Voltage Direct Current (HVDC) Capacitor Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Top Companies in the Global High Voltage Direct Current (HVDC) Capacitor Market
ABB Ltd (NYSE: ABB), Eaton Corporation plc (NYSE: ETN), KEMET, Alstom, Maxwell Technologies, Siemens, General Atomics, Vishay Intertechnology, TDK Electronics, Sieyuan Electric, Sun.King Power Electronics, RTDS Technologies, New Northeast Electric Group Power Capacitor, Lifasa, among others.
The High Voltage Direct Current (HVDC) Capacitor Market was valued at USD 5.33 billion in 2019 and is expected to reach USD 12.85 billion by 2025, at a CAGR of 15.8% over the forecast period 2020-2025.
These capacitors are used in dc supplies or general purposes applications, particularly in electronic equipment, and are useful for applications where high current pulses are produced. Owing to the augmented stability of the conductor, the HVDC capacitor market, is estimated to grow over the forecast period. HVDC capacitor technology offers extremely rapid stability control, power flow control, and the ability to segment parts of the power system, all of which enhance the grid’s flexibility, reliability, and resilience. This technological superiority makes them a better choice and augments the demand in the market.
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Applications, such as submarine HVDC networks, are expected to open up new possibilities for power management. HVDC capacitors are being used in subterranean and submarine applications, where overhead lines are impractical and where HVAC capacitors incur higher electrical losses. HVDC has the unique ability to connect asynchronous grids. This capability is projected to bring more value in the future, with the increasing demand for microgrid systems.
Energy & Power Sector Holds the Major Market Share
– HVDC capacitor suffices the highest electrical and mechanical requirements in the energy and power sector; including the generation, distribution, and transmission of energy that caters to diverse industries. They are used for the most diversified applications and can be operated under the most stringent environmental conditions. High voltage power capacitors enhance the transmission capacity, network stability, and also contribute to a significant reduction in carbon dioxide emissions.
– The process of electricity generation undergoes various transformations, due to the limited presence of primary energy, which is directly convertible into electricity. This requires a high amount of energy that ascends the consumption, thereby, increasing the need for HVDC capacitors. Such technological limitations in the energy and power sector have allowed the HVDC capacitors to remain relevant and pushed for the demand.
North America Holds Significant Market Share
– The energy management systems market in the United States remains a major market, as residential, commercial, and industrial consumers continue to drive the adoption of HVDC capacitors, to enhance the transmission capacity and network stability.
– The United States is currently ranked as the second-largest consumer of electricity, after China with industrial consumption remaining among the largest. Several key federal policy directives, rising energy costs, stringent regulations concerning greenhouse gas emissions, and increasing awareness about the benefits of automation, are the major factors driving the market in the United States.
– The rising trend of real-time monitoring of energy consumption, coupled with high automation level in smart factories across the region, have permitted real-time monitoring of energy-consuming equipment, including HVAC, which is anticipated to aid the market growth over the forecast period.
The High Voltage Direct Current (HVDC) Capacitor market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global High Voltage Direct Current (HVDC) Capacitor Market based on Types are:
Plastic Film Capacitor, Ceramic Capacitor, Aluminum Electrolytic Capacitor, Tantalum Wet Capacitor, Mica Paper Capacitor, Other
Based on Application, the Global High Voltage Direct Current (HVDC) Capacitor Market is Segmented into:
Energy & Power, Petrochemistry, Iron and Steel Manufacturing, Other
The report has 150 tables and figures browse the report description and TOC
Regions are covered By High Voltage Direct Current (HVDC) Capacitor Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of High Voltage Direct Current (HVDC) Capacitor Market
-Changing High Voltage Direct Current (HVDC) Capacitor market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected High Voltage Direct Current (HVDC) Capacitor market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of High Voltage Direct Current (HVDC) Capacitor Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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