HVDC Capacitor Market by End-users, Product, and Geography - Global Forecast and Analysis 2019-2023

HVDC Capacitor Market Definition

High voltage direct current (HVDC) capacitors refer to passive electronic components used in high voltage applications to store charge and energy. It is used to provide simple and reliable reactive power to improve system performance, quality, and efficiency.

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HVDC Capacitor Market Characteristics:

The global HVDC capacitor market is expected to grow from $4.14 billion in 2022 to $4.80 billion in 2023 at a compound annual growth rate (CAGR) of 16%. The HVDC capacitor market is expected to grow to $8.25 billion in 2027 at a CAGR of 14.5%.

Key Market Drivers And Trends

Drivers Trends

The rising demand for electricity is expected to propel the growth of the HVDC capacitors market going forward.

Product innovation is a key trend gaining popularity in the HVDC capacitors.

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HVDC Capacitor Market Segments

The report covers the HVDC capacitor market’s segments-

Plastic Film

Capacitor, Ceramic

Capacitor, Aluminum

Electrolytic

Capacitor, Tantalum

Wet Capacitor, Other Product Types

Open Rack

Capacitor Banks, Enclosed Rack

Capacitor Banks,

Pole-Mounted

Capacitor Banks

Commercial, Industrial, Energy and Power, Defense, Other Applications

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Major companies in the market include

Key Market Players

Hitachi Energy

General Electric Company

TDK Corporation

Kyocera Corporation

Yageo Corporation

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