According to a market report by Lucintel, the future of the global HVDC capacitor market looks promising with opportunities in the plastic film capacitor, aluminum electrolytic capacitor, ceramic capacitor, tantalum wet capacitor, reconstituted mica capacitor, and glass capacitor markets. The global HVDC capacitor market is expected to reach an estimated $15.0 billion by 2030 from $6.0 billion in 2023 at a CAGR of 14% from 2024 to 2030. The major drivers for this market are improvements in capacitor technology, integration with renewable energy, and real-time monitoring and automation.
In this market, manufacturing application, commercial sector, industrial sector, energy and power sector, and defense are the major segments of HVDC capacitor market by end use.
Lucintel forecasts that aluminum electrolytic capacitor will remain the largest segment over the forecast period.
Within this market, manufacturing application will remain the larger segment.
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APAC is expected to witness the highest growth over the forecast period.
Eaton Corporation, ABB Ltd, RTDS Technologies, Alstom SA, Transgrid Solutions, Maxwell Technologies Inc., Siemens AG., and EPCOS are the major suppliers in the HVDC capacitor market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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