HVDC Capacitor Market by Product Type (Plastic Film Capacitors, Aluminum Electrolytic Capacitors), Technology (LCC, VSC), Installation Type, Application (Energy and Power, Industrial, Commercial) and Geography - Global Forecast to 2030

Abstract
The global HVDC capacitor market is projected to reach USD 15.3 billion by 2030 from an estimated USD 5.2 billion in 2022, at a CAGR of 14.4% from 2022 to 2030. The growth of the HVDC capacitor market can be attributed to rising demand for HVDC transmission systems and increasing adoption of renewable energy sources with rising energy consumption.

“HVDC plastic film capacitors are expected to capture 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.

“In 2022, enclosed rack capacitor banks captured the largest share of the HVDC capacitor market”

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. The dominance can be attributed to its wide deployment in various indoor and outdoor applications, such as power generation plants, electrical substations, chemical factories, cement factories, and iron and steel manufacturing plants, due to lower installation and maintenance costs.

“In 2022, the energy and power segment captured the largest share of the HVDC capacitor market”

In 2022, the energy and power segment captured the largest share of the HVDC capacitor market, and a similar trend is likely to be observed during the forecast period. The dominance of this segment can be attributed to the ongoing government support and initiatives to promote sustainable energy to meet the net-zero emission scenario. For instance, in 2021, the Department of Energy (DoE) (US) initiated the Building a Better Grid Initiative to catalyze the development of new and upgraded high-capacity electric transmission lines nationwide.

The initiatives aim to identify national transmission needs and support the buildout of long-distance, high-voltage transmission facilities to reach the country’s goal of 100% clean electricity by 2035 and a zero-emissions economy by 2050.

“In 2022, Europe held the largest share of the overall HVDC capacitor market”

In 2022, Europe held the largest share of the overall HVDC capacitor market. The dominance can be attributed to the increased demand for HVDC capacitors from a number of existing and ongoing HVDC transmission projects in the region. For instance, in 2021, Hitachi Energy received a contract from Dogger Bank Wind Farm to connect the third transmission link from the world’s largest offshore wind farm over 130 km to the UK mainland. In this deal, Hitachi Energy will support DBWF with its market-leading, compact HVDC technology—HVDC Light—to shape the offshore power landscape, enabling the efficient transmission and dynamic integration of distant offshore wind power to the onshore grid.

In-depth interviews have been conducted with chief executive officers (CEOs), directors, and other executives from various key organizations operating in the HVDC capacitor marketplace.

•By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%
•By Designation: C-level Executives – 45%, Directors– 35%, and Others – 20%
•By Region: North America – 40%, Europe – 30%, Asia Pacific – 20%, and RoW – 10%

Hitachi, Ltd. (Japan), General Electric Company (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)are some of the key players in the HVDC capacitor market.

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 defines, describes, and forecasts the HVDC capacitor market based on product type, technology, installation type, application, and region. It provides detailed information regarding factors such as drivers, restraints, opportunities, and challenges influencing the growth of the HVDC capacitor market. It also analyzes product launches, contracts, mergers and acquisitions, expansions, collaborations, and partnerships, carried out by the key players to grow in the market.

Key Benefits of Buying the Report
This report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall HVDC capacitor market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Content
Table of Contents

1INTRODUCTION30
1.1STUDY OBJECTIVES30
1.2MARKET DEFINITION30
1.2.1INCLUSIONS AND EXCLUSIONS31
1.3STUDY SCOPE32
1.3.1MARKETS COVERED32
FIGURE 1HVDC CAPACITOR MARKET SEGMENTATION32
1.3.2GEOGRAPHIC SCOPE33
1.3.3YEARS CONSIDERED33
1.4CURRENCY CONSIDERED34
1.5UNIT CONSIDERED34
1.6STAKEHOLDERS34
1.7SUMMARY OF CHANGES34
2RESEARCH METHODOLOGY36
2.1RESEARCH DATA36
FIGURE 2HVDC CAPACITOR MARKET: RESEARCH DESIGN36
2.1.1SECONDARY AND PRIMARY RESEARCH37
2.1.2SECONDARY DATA37
2.1.2.1List of key secondary sources38
2.1.2.2Secondary sources38
2.1.3PRIMARY DATA39
2.1.3.1Primary interviews with experts39
2.1.3.2Breakdown of primaries39
2.1.3.3Key data from primary sources40
2.1.3.4Key industry insights40
2.2FACTOR ANALYSIS41
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF HVDC CAPACITORS41
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR ONE COMPANY IN HVDC CAPACITOR MARKET42
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR HVDC CAPACITORS, BY PRODUCT TYPE43
2.3MARKET SIZE ESTIMATION43
2.3.1BOTTOM-UP APPROACH43
2.3.1.1Approach for obtaining market size using bottom-up analysis (demand side)43
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH44
2.3.2TOP-DOWN APPROACH44
2.3.2.1Approach for obtaining market size using top-down analysis
(supply side)44
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH45
2.4MARKET BREAKDOWN AND DATA TRIANGULATION45
FIGURE 8DATA TRIANGULATION45
2.5RESEARCH ASSUMPTIONS AND LIMITATIONS46
2.5.1ASSUMPTIONS46
2.5.2LIMITATIONS47
2.6RISK ASSESSMENT47
3EXECUTIVE SUMMARY48
FIGURE 9CERAMIC CAPACITORS TO EXHIBIT HIGHEST CAGR IN HVDC CAPACITOR MARKET FROM 2022 TO 203049
FIGURE 10POLE-MOUNTED CAPACITOR BANKS TO RECORD HIGHEST CAGR IN HVDC CAPACITOR MARKET DURING FORECAST PERIOD49
FIGURE 11ASIA PACIFIC LIKELY TO BE FASTEST-GROWING MARKET FOR HVDC CAPACITORS DURING FORECAST PERIOD50
4PREMIUM INSIGHTS51
4.1ATTRACTIVE OPPORTUNITIES FOR HVDC CAPACITOR MARKET PLAYERS51
FIGURE 12RISING ELECTRICITY DEMAND WITH GROWING POPULATION WORLDWIDE TO FUEL MARKET GROWTH FROM 2022 TO 203051
4.2HVDC CAPACITOR MARKET, BY PRODUCT TYPE51
FIGURE 13PLASTIC FILM CAPACITORS TO HOLD MAJORITY OF SHARE OF GLOBAL HVDC CAPACITOR MARKET IN 202251
4.3HVDC CAPACITOR MARKET, BY TECHNOLOGY52
FIGURE 14LCC TECHNOLOGY TO ACCOUNT FOR LARGER MARKET SHARE IN 203052
4.4HVDC CAPACITOR MARKET, BY INSTALLATION TYPE52
FIGURE 15ENCLOSED RACK CAPACITOR BANKS TO CAPTURE LARGEST MARKET
SHARE IN 203052
4.5HVDC CAPACITOR MARKET, BY APPLICATION53
FIGURE 16ENERGY AND POWER SEGMENT TO ACCOUNT FOR LARGEST SHARE OF
HVDC CAPACITOR MARKET, BY APPLICATION, IN 203053
4.6HVDC CAPACITOR MARKET, BY REGION53
FIGURE 17EUROPE TO CAPTURE LARGEST SHARE OF GLOBAL HVDC CAPACITOR MARKET IN 203053
4.7HVDC CAPACITOR MARKET, BY COUNTRY54
FIGURE 18CHINA TO WITNESS HIGHEST CAGR IN GLOBAL HVDC CAPACITOR MARKET DURING FORECAST PERIOD54
 
5MARKET OVERVIEW55
5.1INTRODUCTION55
5.2MARKET DYNAMICS55
FIGURE 19HVDC CAPACITOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES55
5.2.1DRIVERS56
5.2.1.1Rising demand for HVDC transmission systems56
5.2.1.2Increasing adoption of renewable energy sources with rising energy consumption56
5.2.1.3Ongoing government initiatives to improve energy infrastructure57
FIGURE 20HVDC CAPACITOR MARKET DRIVERS AND THEIR IMPACT58
5.2.2RESTRAINTS58
5.2.2.1Hazardous effects of HV capacitors on humans and environment58
FIGURE 21HVDC CAPACITOR MARKET RESTRAINTS AND THEIR IMPACT59
5.2.3OPPORTUNITIES59
5.2.3.1Rising adoption of HVDC capacitors by industrial consumers
in Asia Pacific59
5.2.3.2Escalating demand for electric vehicles60
FIGURE 22HVDC CAPACITOR MARKET OPPORTUNITIES AND THEIR IMPACT60
5.2.4CHALLENGES61
5.2.4.1Catastrophic explosion of capacitor banks61
FIGURE 23HVDC CAPACITOR MARKET CHALLENGES AND THEIR IMPACT61
5.3VALUE CHAIN ANALYSIS62
FIGURE 24HVDC CAPACITOR VALUE CHAIN ANALYSIS62
5.4ECOSYSTEM63
FIGURE 25HVDC CAPACITOR ECOSYSTEM63
TABLE 1LIST OF HVDC CAPACITOR AND CAPACITOR BANK MANUFACTURERS64
5.5PRICING ANALYSIS65
TABLE 2AVERAGE SELLING PRICES OF HVDC CAPACITORS, BY PRODUCT TYPE65
FIGURE 26AVERAGE SELLING PRICES OF HVDC CAPACITORS OFFERED BY KEY PLAYERS, BY PRODUCT TYPE65
TABLE 3AVERAGE SELLING PRICES OF HVDC CAPACITORS OFFERED BY KEY PLAYERS, BY PRODUCT TYPE66
FIGURE 27AVERAGE SELLING PRICE TREND FOR HVDC CAPACITORS, 2018–2030 (USD)66
5.6REVENUE SHIFT AND NEW REVENUE POCKETS FOR HVDC
CAPACITOR MARKET PLAYERS67
FIGURE 28REVENUE SHIFT IN HVDC CAPACITOR MARKET PLAYERS67
5.7TECHNOLOGY ANALYSIS67
5.7.1KEY TECHNOLOGIES67
5.7.1.1HVDC technology67
5.7.1.2Flat winding technology68
5.7.1.3HVDC power film technology68
 
5.8PORTER’S FIVE FORCES ANALYSIS68
TABLE 4HVDC CAPACITOR MARKET: PORTER’S FIVE FORCES ANALYSIS68
FIGURE 29PORTER’S FIVE FORCES ANALYSIS69
5.8.1INTENSITY OF COMPETITIVE RIVALRY70
5.8.2THREAT OF SUBSTITUTES70
5.8.3BARGAINING POWER OF BUYERS70
5.8.4BARGAINING POWER OF SUPPLIERS70
5.8.5THREAT OF NEW ENTRANTS70
5.9KEY STAKEHOLDERS AND BUYING CRITERIA71
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS71
FIGURE 30INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR MAJOR APPLICATIONS71
TABLE 5INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR MAJOR APPLICATIONS (%)71
5.9.2BUYING CRITERIA72
FIGURE 31KEY BUYING CRITERIA FOR MAJOR APPLICATIONS72
TABLE 6KEY BUYING CRITERIA FOR MAJOR APPLICATIONS72
5.10CASE STUDY ANALYSIS73
TABLE 7HITACHI ENERGY HELPED TRANSGRID TO IMPROVE POWER QUALITY OF QNI73
TABLE 8HITACHI ABB POWER GRIDS HELPED MINNESOTA POWER INCREASE AVAILABILITY OF CLEAN POWER TO ITS CUSTOMERS IN REGION73
TABLE 9CONDIS SUPPORTED ZHANGBEI PROJECT WITH ITS HIGH-
VOLTAGE CAPACITORS74
5.11TRADE ANALYSIS74
5.11.1IMPORT SCENARIO74
TABLE 10IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)75
FIGURE 32HVDC CAPACITOR: IMPORT VALUES FOR MAJOR COUNTRIES, 2017–202175
5.11.2EXPORT SCENARIO76
TABLE 11EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)76
FIGURE 33HVDC CAPACITOR: EXPORT VALUES FOR MAJOR COUNTRIES, 2017–202176
5.12PATENT ANALYSIS77
FIGURE 34PATENTS GRANTED WORLDWIDE, 2012–202179
TABLE 12TOP 20 PATENT OWNERS IN US, 2012–202180
FIGURE 35TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT
APPLICATIONS, 2012–202180
5.13KEY CONFERENCES AND EVENTS, 2022–202381
TABLE 13HVDC CAPACITOR MARKET: DETAILED LIST OF CONFERENCES AND EVENTS81
5.14TARIFFS AND REGULATIONS81
5.14.1TARIFFS81
5.14.2REGULATORY COMPLIANCE82
5.14.2.1North America82
5.14.2.2Europe82
5.14.3STANDARDS83
6HVDC CAPACITOR MARKET, BY PRODUCT TYPE85
6.1INTRODUCTION86
FIGURE 36HVDC CAPACITOR MARKET, BY PRODUCT TYPE86
FIGURE 37PLASTIC FILM CAPACITORS TO HOLD LARGEST MARKET SHARE IN 203086
TABLE 14HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)87
TABLE 15HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2022–2030 (USD MILLION)87
TABLE 16HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2018–2021 (MILLION UNITS)88
TABLE 17HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2022–2030 (MILLION UNITS)88
6.2PLASTIC FILM CAPACITORS88
6.2.1SUITABLE FOR ENERGY AND POWER APPLICATIONS DUE TO LONG SERVICE LIFE AND HIGH RELIABILITY88
FIGURE 38CONSTRUCTION OF PLASTIC FILM CAPACITORS89
TABLE 18DIFFERENT CHARACTERISTICS OF DIELECTRICS IN PLASTIC FILM CAPACITORS89
TABLE 19PLASTIC FILM CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)90
TABLE 20PLASTIC FILM CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION)90
6.3ALUMINUM ELECTROLYTIC CAPACITORS90
6.3.1IDEAL FOR APPLICATIONS REQUIRING LARGER CAPACITANCE VALUES90
FIGURE 39CONSTRUCTION OF ALUMINUM ELECTROLYTIC CAPACITORS91
TABLE 21ALUMINUM ELECTROLYTIC CAPACITORS: HVDC CAPACITOR MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)92
TABLE 22ALUMINUM ELECTROLYTIC CAPACITORS: HVDC CAPACITOR MARKET,
BY APPLICATION, 2022–2030 (USD MILLION)92
6.4CERAMIC CAPACITORS92
6.4.1WIDELY USED FOR ELECTROSTATIC DISCHARGE (ESD) PROTECTION IN AUTOMOTIVE APPLICATIONS92
FIGURE 40CONSTRUCTION OF MULTILAYER CERAMIC CAPACITORS (MLCC)93
FIGURE 41COMMERCIAL APPLICATION TO HOLD LARGEST SHARE OF HVDC CAPACITOR MARKET THROUGHOUT FORECAST PERIOD94
TABLE 23CERAMIC CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION,
2018–2021 (USD MILLION)94
TABLE 24CERAMIC CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION,
2022–2030 (USD MILLION)94
6.5TANTALUM WET CAPACITORS95
6.5.1PREFERRED IN INDUSTRIAL AND MILITARY APPLICATIONS DUE TO HIGH RELIABILITY AND STABILITY95
FIGURE 42CONSTRUCTION OF TANTALUM WET CAPACITORS95
TABLE 25TANTALUM WET CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)96
TABLE 26TANTALUM WET CAPACITORS: HVDC CAPACITOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION)96
 
6.6OTHERS97
FIGURE 43CONSTRUCTION OF GLASS CAPACITORS97
TABLE 27OTHERS: HVDC CAPACITOR MARKET, BY APPLICATION,
2018–2021 (USD THOUSAND)98
TABLE 28OTHERS: HVDC CAPACITOR MARKET, BY APPLICATION,
2022–2030 (USD THOUSAND)98
7HVDC CAPACITOR MARKET, BY TECHNOLOGY99
7.1INTRODUCTION100
FIGURE 44HVDC CAPACITOR MARKET, BY TECHNOLOGY100
FIGURE 45LCC SEGMENT TO HOLD LARGER SHARE OF HVDC CAPACITOR MARKET
FROM 2022 TO 2030100
TABLE 29HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)100
TABLE 30HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)101
7.2LINE-COMMUTATED CONVERTER (LCC)101
7.2.1WELL-ESTABLISHED TECHNOLOGY FOR LARGE-CAPACITY POWER TRANSMISSION WITH LOW LOSS101
TABLE 31LCC: HVDC CAPACITOR MARKET, BY REGION, 2018–2021 (USD MILLION)101
TABLE 32LCC: HVDC CAPACITOR MARKET, BY REGION, 2022–2030 (USD MILLION)102
7.3VOLTAGE-SOURCE CONVERTER (VSC)102
7.3.1LIKELY TO REGISTER HIGHER CAGR IN HVDC CAPACITOR MARKET DURING FORECAST PERIOD102
TABLE 33VSC: HVDC CAPACITOR MARKET, BY REGION, 2018–2021 (USD MILLION)102
TABLE 34VSC: HVDC CAPACITOR MARKET, BY REGION, 2022–2030 (USD MILLION)103
8HVDC CAPACITOR MARKET, BY INSTALLATION TYPE104
8.1INTRODUCTION105
FIGURE 46HVDC CAPACITOR MARKET, BY INSTALLATION TYPE105
FIGURE 47ENCLOSED RACK CAPACITOR BANKS TO CAPTURE LARGEST SHARE
OF HVDC CAPACITOR MARKET IN 2022105
TABLE 35HVDC CAPACITOR MARKET, BY INSTALLATION TYPE,
2018–2021 (USD MILLION)106
TABLE 36HVDC CAPACITOR MARKET, BY INSTALLATION TYPE,
2022–2030 (USD MILLION)106
8.2OPEN RACK CAPACITOR BANKS107
8.2.1HELP REDUCE POWER LOSSES AND IMPROVE VOLTAGE STABILITY IN TRANSMISSION AND DISTRIBUTION NETWORKS107
TABLE 37OPEN RACK CAPACITOR BANKS: HVDC CAPACITOR MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)107
TABLE 38OPEN RACK CAPACITOR BANKS: HVDC CAPACITOR MARKET,
BY APPLICATION, 2022–2030 (USD MILLION)107
8.2.2INTERNALLY FUSED CAPACITOR BANKS108
FIGURE 48INTERNALLY FUSED CAPACITOR BANK DESIGN108
8.2.3EXTERNALLY FUSED CAPACITOR BANKS109
FIGURE 49EXTERNALLY FUSED CAPACITOR BANK DESIGN109
8.2.4FUSELESS CAPACITOR BANKS110
FIGURE 50FUSELESS CAPACITOR BANK DESIGN110
8.3ENCLOSED RACK CAPACITOR BANKS110
8.3.1LIKELY TO LEAD HVDC CAPACITOR MARKET110
FIGURE 51COMMERCIAL APPLICATIONS TO RECORD HIGHEST CAGR IN MARKET FOR ENCLOSED CAPACITOR BANKS FROM 2022 TO 2030111
TABLE 39ENCLOSED RACK CAPACITOR BANKS: HVDC CAPACITOR MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)111
TABLE 40ENCLOSED RACK CAPACITOR BANKS: HVDC CAPACITOR MARKET,
BY APPLICATION, 2022–2030 (USD MILLION)112
8.3.2FIXED CAPACITOR BANKS112
8.3.3AUTOMATIC CAPACITOR BANKS112
8.4POLE-MOUNTED CAPACITOR BANKS113
8.4.1SUITABLE FOR ENERGY AND POWER APPLICATIONS113
TABLE 41POLE-MOUNTED CAPACITOR BANKS: HVDC CAPACITOR MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)113
TABLE 42POLE-MOUNTED CAPACITOR BANKS: HVDC CAPACITOR MARKET,
BY APPLICATION, 2022–2030 (USD MILLION)114
9HVDC CAPACITOR MARKET, BY APPLICATION115
9.1INTRODUCTION116
FIGURE 52HVDC CAPACITOR MARKET, BY APPLICATION116
FIGURE 53ENERGY AND POWER APPLICATIONS TO LEAD HVDC CAPACITOR MARKET FROM 2022 TO 2030116
TABLE 43HVDC CAPACITOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)117
TABLE 44HVDC CAPACITOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION)117
9.2COMMERCIAL118
9.2.1REQUIRES CAPACITORS THAT MEET AEC-Q200 STANDARDS118
TABLE 45COMMERCIAL: HVDC CAPACITOR MARKET, BY PRODUCT TYPE,
2018–2021 (USD MILLION)118
TABLE 46COMMERCIAL: HVDC CAPACITOR MARKET, BY PRODUCT TYPE,
2022–2030 (USD MILLION)119
TABLE 47COMMERCIAL: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE,
2018–2021 (USD MILLION)119
TABLE 48COMMERCIAL: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE,
2022–2030 (USD MILLION)119
FIGURE 54EUROPE TO CAPTURE LARGEST SHARE OF HVDC CAPACITOR MARKET FOR COMMERCIAL APPLICATIONS IN 2030120
TABLE 49COMMERCIAL: HVDC CAPACITOR MARKET, BY REGION,
2018–2021 (USD MILLION)120
TABLE 50COMMERCIAL: HVDC CAPACITOR MARKET, BY REGION,
2022–2030 (USD MILLION)120
9.3INDUSTRIAL121
TABLE 51INDUSTRIAL: HVDC CAPACITOR MARKET, BY SUBAPPLICATION,
2018–2021 (USD MILLION)121
TABLE 52INDUSTRIAL: HVDC CAPACITOR MARKET, BY SUBAPPLICATION,
2022–2030 (USD MILLION)121
TABLE 53INDUSTRIAL: HVDC CAPACITOR MARKET, BY PRODUCT TYPE,
2018–2021 (USD MILLION)122
TABLE 54INDUSTRIAL: HVDC CAPACITOR MARKET, BY PRODUCT TYPE,
2022–2030 (USD MILLION)122
TABLE 55INDUSTRIAL: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE,
2018–2021 (USD MILLION)122
TABLE 56INDUSTRIAL: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE,
2022–2030 (USD MILLION)123
TABLE 57INDUSTRIAL: HVDC CAPACITOR MARKET, BY REGION,
2018–2021 (USD MILLION)123
TABLE 58INDUSTRIAL: HVDC CAPACITOR MARKET, BY REGION,
2022–2030 (USD MILLION)123
9.3.1HEAVY MANUFACTURING123
9.3.1.1Likely to lead HVDC capacitor market for industrial applications123
9.3.2MINING124
9.3.2.1Increasing utilization of mining power inverters to create need for HVDC capacitors124
9.3.3STEEL MANUFACTURING124
9.3.3.1Requirement for power factor correction and high-quality electricity to promote use of HVDC capacitors124
9.3.4PETROCHEMICAL124
9.3.4.1Need to reduce CO2 emissions and energy consumption to boost adoption of HVDC capacitors124
9.3.5OTHERS124
9.4ENERGY AND POWER125
TABLE 59ENERGY AND POWER: HVDC CAPACITOR MARKET, BY SUBAPPLICATION, 2018–2021 (USD MILLION)125
TABLE 60ENERGY AND POWER: HVDC CAPACITOR MARKET, BY SUBAPPLICATION, 2022–2030 (USD MILLION)125
FIGURE 55PLASTIC FILM CAPACITORS TO CAPTURE LARGEST SHARE OF HVDC CAPACITOR MARKET FOR ENERGY AND POWER APPLICATIONS IN 2022126
TABLE 61ENERGY AND POWER: HVDC CAPACITOR MARKET, BY PRODUCT TYPE,
2018–2021 (USD MILLION)126
TABLE 62ENERGY AND POWER: HVDC CAPACITOR MARKET, BY PRODUCT TYPE,
2022–2030 (USD MILLION)127
TABLE 63ENERGY AND POWER: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION)127
TABLE 64ENERGY AND POWER: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2022–2030 (USD MILLION)127
TABLE 65ENERGY AND POWER: HVDC CAPACITOR MARKET, BY REGION,
2018–2021 (USD MILLION)128
TABLE 66ENERGY AND POWER: HVDC CAPACITOR MARKET, BY REGION,
2022–2030 (USD MILLION)128
9.4.1POWER TRANSMISSION128
9.4.1.1Elevating demand for integrated networks and bulk power transmission to boost market growth128
9.4.2POWER DISTRIBUTION129
9.4.2.1Surging use of HVDC capacitors to convert DC power to AC power to propel market growth129
9.4.3RENEWABLE POWER GENERATION129
FIGURE 56WIND POWER PLANTS TO REGISTER HIGHER CAGR IN HVDC CAPACITOR MARKET FROM 2022 TO 2030129
TABLE 67RENEWABLE POWER GENERATION: HVDC CAPACITOR MARKET,
BY SUBAPPLICATION, 2018–2021 (USD MILLION)130
TABLE 68RENEWABLE POWER GENERATION: HVDC CAPACITOR MARKET,
BY SUBAPPLICATION, 2022–2030 (USD MILLION)130
9.4.3.1Wind power plants130
9.4.3.1.1Increasing offshore wind power capacity to support market growth130
FIGURE 57GLOBAL OFFSHORE WIND CAPACITY IN OPERATION, 2012–2021 (MW)131
9.4.3.2Solar power plants131
9.4.3.2.1Rising installed solar energy capacity to boost demand for HVDC capacitors131
FIGURE 58INSTALLED SOLAR ENERGY CAPACITY WORLDWIDE, 2012–2021 (MW)132
9.5AEROSPACE AND DEFENSE132
9.5.1NEED FOR HVDC CAPACITORS TO BE DEPLOYED IN RADAR SYSTEMS, POWER SUPPLIES, GUIDANCE SYSTEMS, ETC.132
TABLE 69AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)133
TABLE 70AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2022–2030 (USD MILLION)133
TABLE 71AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION)133
TABLE 72AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2022–2030 (USD MILLION)134
TABLE 73AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY REGION,
2018–2021 (USD MILLION)134
TABLE 74AEROSPACE AND DEFENSE: HVDC CAPACITOR MARKET, BY REGION,
2022–2030 (USD MILLION)134
9.6OTHERS134
TABLE 75OTHERS: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION)135
TABLE 76OTHERS: HVDC CAPACITOR MARKET, BY PRODUCT TYPE, 2022–2030 (USD MILLION)135
TABLE 77OTHERS: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION)136
TABLE 78OTHERS: HVDC CAPACITOR MARKET, BY INSTALLATION TYPE, 2022–2030 (USD MILLION)136
TABLE 79OTHERS: HVDC CAPACITOR MARKET, BY REGION,
2018–2021 (USD MILLION)136
TABLE 80OTHERS: HVDC CAPACITOR MARKET, BY REGION,
2022–2030 (USD MILLION)136
 
10HVDC CAPACITOR MARKET, BY REGION137
10.1INTRODUCTION138
FIGURE 59REGIONAL SPLIT OF HVDC CAPACITOR MARKET138
FIGURE 60EUROPE TO LEAD GLOBAL HVDC CAPACITOR MARKET IN 2022139
TABLE 81HVDC CAPACITOR MARKET, BY REGION, 2018–2021 (USD MILLION)139
TABLE 82HVDC CAPACITOR MARKET, BY REGION, 2022–2030 (USD MILLION)139
TABLE 83HVDC CAPACITOR MARKET, BY REGION, 2018–2021 (MILLION UNITS)140
TABLE 84HVDC CAPACITOR MARKET, BY REGION, 2022–2030 (MILLION UNITS)140
10.2NORTH AMERICA141
FIGURE 61NORTH AMERICA: HVDC CAPACITOR MARKET SNAPSHOT142
FIGURE 62US TO REGISTER HIGHEST CAGR IN NORTH AMERICAN HVDC CAPACITOR MARKET FROM 2022 TO 2030142
TABLE 85NORTH AMERICA: HVDC CAPACITOR MARKET, BY COUNTRY, 2018–2021 (USD MILLION)143
TABLE 86NORTH AMERICA: HVDC CAPACITOR MARKET, BY COUNTRY, 2022–2030 (USD MILLION)143
TABLE 87NORTH AMERICA: HVDC CAPACITOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)143
TABLE 88NORTH AMERICA: HVDC CAPACITOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION)144
10.2.1US144
10.2.1.1Focuses on expansion of electricity networks to achieve net-zero emission target by 2050144
TABLE 89US: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)144
TABLE 90US: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)145
10.2.2CANADA145
10.2.2.1Ranks second in North American HVDC capacitor market145
TABLE 91CANADA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)145
TABLE 92CANADA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)146
10.2.3MEXICO146
10.2.3.1Witnesses high demand for electric and hybrid vehicles146
TABLE 93MEXICO: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)146
TABLE 94MEXICO: HVDC CAPACITOR MARKET, BY TYPE, 2022–2030 (USD MILLION)146
10.3EUROPE147
FIGURE 63EUROPE: HVDC CAPACITOR MARKET SNAPSHOT147
TABLE 95EUROPE: HVDC CAPACITOR MARKET, BY COUNTRY, 2018–2021 (USD MILLION)148
TABLE 96EUROPE: HVDC CAPACITOR MARKET, BY COUNTRY, 2022–2030 (USD MILLION)148
FIGURE 64ENERGY AND POWER SEGMENT TO WITNESS FASTEST GROWTH IN HVDC CAPACITOR MARKET FROM 2022 TO 2030148
TABLE 97EUROPE: HVDC CAPACITOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)149
TABLE 98EUROPE: HVDC CAPACITOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION)149
10.3.1SWEDEN149
10.3.1.1Cross-country transmission projects to create requirement for HVDC capacitors149
TABLE 99SWEDEN: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)150
TABLE 100SWEDEN: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)150
10.3.2UK150
10.3.2.1Ongoing offshore wind projects to create opportunities for HVDC technology providers150
TABLE 101UK: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)151
TABLE 102UK: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)151
10.3.3GERMANY151
10.3.3.1Technological innovations in automotive sector to boost market151
TABLE 103GERMANY: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)152
TABLE 104GERMANY: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)152
10.3.4NORWAY152
10.3.4.1Ongoing HVDC projects to accelerate market growth152
TABLE 105NORWAY: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)153
TABLE 106NORWAY: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)153
10.3.5REST OF EUROPE153
TABLE 107REST OF EUROPE: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)154
TABLE 108REST OF EUROPE: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)154
10.4ASIA PACIFIC154
FIGURE 65ASIA PACIFIC: HVDC CAPACITOR MARKET SNAPSHOT155
FIGURE 66CHINA TO LEAD HVDC CAPACITOR MARKET IN ASIA PACIFIC FROM 2022 TO 2030156
TABLE 109ASIA PACIFIC: HVDC CAPACITOR MARKET, BY COUNTRY, 2018–2021 (USD MILLION)156
TABLE 110ASIA PACIFIC: HVDC CAPACITOR MARKET, BY COUNTRY, 2022–2030 (USD MILLION)156
TABLE 111ASIA PACIFIC: HVDC CAPACITOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)157
TABLE 112ASIA PACIFIC: HVDC CAPACITOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION)157
10.4.1CHINA157
10.4.1.1Strong need for smooth power distribution at transportation hubs to augment market growth157
TABLE 113CHINA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)158
TABLE 114CHINA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)158
10.4.2JAPAN158
10.4.2.1Thriving transportation and consumer electronics sectors to spur market growth158
TABLE 115JAPAN: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)159
TABLE 116JAPAN: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)159
10.4.3INDIA159
10.4.3.1Huge investments in renewable energy projects to generate demand for HVDC capacitors159
TABLE 117INDIA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)160
TABLE 118INDIA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)160
10.4.4REST OF ASIA PACIFIC160
TABLE 119REST OF ASIA PACIFIC: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)161
TABLE 120REST OF ASIA PACIFIC: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)161
10.5ROW161
FIGURE 67SOUTH AMERICA TO REGISTER HIGHER CAGR THAN MIDDLE EAST & AFRICA FROM 2022 TO 2030161
TABLE 121ROW: HVDC CAPACITOR MARKET, BY REGION, 2018–2021 (USD MILLION)162
TABLE 122ROW: HVDC CAPACITOR MARKET, BY REGION, 2022–2030 (USD MILLION)162
TABLE 123ROW: HVDC CAPACITOR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)162
TABLE 124ROW: HVDC CAPACITOR MARKET, BY APPLICATION, 2022–2030 (USD MILLION)163
10.5.1MIDDLE EAST & AFRICA163
10.5.1.1To account for larger share of HVDC capacitor market in RoW163
TABLE 125MIDDLE EAST & AFRICA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)164
TABLE 126MIDDLE EAST & AFRICA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)164
10.5.2SOUTH AMERICA164
10.5.2.1To record higher CAGR during review period164
TABLE 127SOUTH AMERICA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)165
TABLE 128SOUTH AMERICA: HVDC CAPACITOR MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)165
 
11COMPETITIVE LANDSCAPE166
11.1OVERVIEW166
11.2MARKET EVALUATION FRAMEWORK166
TABLE 129REVIEW OF STRATEGIES ADOPTED BY KEY HVDC CAPACITOR MANUFACTURERS166
11.2.1PRODUCT PORTFOLIO167
11.2.2REGIONAL FOCUS167
11.2.3MANUFACTURING FOOTPRINT167
11.2.4ORGANIC/INORGANIC STRATEGIES168
11.3MARKET SHARE ANALYSIS, 2021168
FIGURE 68MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN HVDC CAPACITOR MARKET, 2021168
TABLE 130MARKET SHARE ANALYSIS OF TOP 5 COMPANIES (2021)169
11.4FIVE-YEAR COMPANY REVENUE ANALYSIS170
FIGURE 69FIVE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN HVDC CAPACITOR MARKET, 2017–2021170
11.5COMPANY EVALUATION MATRIX/QUADRANT171
11.5.1STARS171
11.5.2EMERGING LEADERS171
11.5.3PERVASIVE PLAYERS171
11.5.4PARTICIPANTS172
FIGURE 70COMPANY EVALUATION QUADRANT, 2021172
11.6START-UP/SME EVALUATION MATRIX/QUADRANT173
11.6.1COMPETITIVE BENCHMARKING173
TABLE 131HVDC CAPACITOR MARKET: DETAILED LIST OF KEY START-UP/SME PLAYERS173
TABLE 132HVDC CAPACITOR MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UP/SME COMPANIES)174
11.6.2PROGRESSIVE COMPANIES175
11.6.3RESPONSIVE COMPANIES175
11.6.4DYNAMIC COMPANIES175
11.6.5STARTING BLOCKS175
FIGURE 71START-UP/SME EVALUATION QUADRANT, 2021176
TABLE 133COMPANY PRODUCT TYPE FOOTPRINT177
TABLE 134COMPANY APPLICATION FOOTPRINT178
TABLE 135COMPANY REGION FOOTPRINT179
TABLE 136COMPANY FOOTPRINT180
11.7COMPETITIVE SCENARIO181
11.7.1PRODUCT LAUNCHES181
TABLE 137PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2022181
11.7.2DEALS182
TABLE 138DEALS, JANUARY 2019–DECEMBER 2022182
11.7.3OTHERS185
TABLE 139OTHERS, JANUARY 2019–DECEMBER 2022185
12COMPANY PROFILES187
12.1KEY PLAYERS187
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1.1HITACHI, LTD. (HITACHI ENERGY LTD.)187
TABLE 140HITACHI, LTD. (HITACHI ENERGY LTD.): BUSINESS OVERVIEW187
FIGURE 72HITACHI, LTD. (HITACHI ENERGY LTD.): COMPANY SNAPSHOT188
12.1.2GENERAL ELECTRIC COMPANY194
TABLE 141GENERAL ELECTRIC COMPANY: BUSINESS OVERVIEW194
FIGURE 73GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT195
12.1.3TDK CORPORATION (TDK ELECTRONICS)198
TABLE 142TDK CORPORATION (TDK ELECTRONICS): BUSINESS OVERVIEW198
FIGURE 74TDK CORPORATION (TDK ELECTRONICS): COMPANY SNAPSHOT199
12.1.4EATON203
TABLE 143EATON: BUSINESS OVERVIEW203
FIGURE 75EATON: COMPANY SNAPSHOT204
12.1.5KYOCERA CORPORATION (KYOCERA AVX CORPORATION)207
TABLE 144KYOCERA CORPORATION (KYOCERA AVX CORPORATION):
BUSINESS OVERVIEW207
FIGURE 76KYOCERA CORPORATION (KYOCERA AVX CORPORATION):
COMPANY SNAPSHOT208
12.1.6YAGEO CORPORATION (KEMET CORPORATION)213
TABLE 145YAGEO CORPORATION (KEMET CORPORATION): BUSINESS OVERVIEW213
FIGURE 77YAGEO CORPORATION (KEMET CORPORATION): COMPANY SNAPSHOT214
12.1.7VISHAY INTERTECHNOLOGY, INC.216
TABLE 146VISHAY INTERTECHNOLOGY, INC.: BUSINESS OVERVIEW216
FIGURE 78VISHAY INTERTECHNOLOGY, INC.: COMPANY SNAPSHOT217
12.1.8GENERAL ATOMICS221
TABLE 147GENERAL ATOMICS: BUSINESS OVERVIEW221
12.1.9LIFASA, INTERNATIONAL CAPACITORS, S.A.225
TABLE 148LIFASA, INTERNATIONAL CAPACITORS, S.A.: BUSINESS OVERVIEW225
12.1.10ELECTRONICON KONDENSATOREN GMBH226
TABLE 149ELECTRONICON KONDENSATOREN GMBH: BUSINESS OVERVIEW226
12.2OTHER PLAYERS227
12.2.1SIEYUAN ELECTRIC CO., LTD.227
12.2.2KUNSHAN GUOLI ELECTRONIC TECHNOLOGY CO., LTD.228
12.2.3CONDIS GROUP229
12.2.4SAMHWA CAPACITOR CO., LTD.230
12.2.5API CAPACITORS LTD.231
12.2.6SHANGHAI YONGMING ELECTRONIC CO., LTD.232
12.2.7WUXI CRE NEW ENERGY TECHNOLOGY CO., LTD.232
12.2.8ISOFARAD LTD.233
12.2.9HVP HIGH VOLTAGE PRODUCTS GMBH234
12.2.10ZEZ SILKO, S.R.O.235
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13APPENDIX236
13.1DISCUSSION GUIDE236
13.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL239
13.3CUSTOMIZATION OPTIONS241
13.4RELATED REPORTS241
13.5AUTHOR DETAILS242