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The HVDC capacitor market has experienced rapid growth, driven by factors such as energy efficiency regulations, demand from utility and industrial sectors, and government initiatives. The market size is expected to reach $5.54 billion in 2024, with a compound annual growth rate (CAGR) of 15.6%.

Renewable Energy Adoption

The increased adoption of renewable energy sources, such as wind and solar, is significantly contributing to the growth of the HVDC capacitor market. HVDC transmission systems are essential for integrating renewable energy sources into the power grid, reducing transmission loss and making them an attractive option for long-distance power transmission. The global renewable power capacity is expected to grow by 2400 gigawatts (GW) over the 2022-2027 period, highlighting the rapid growth of renewable energy adoption.

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Key Players in the Market

Major companies operating in the HVDC capacitor market include Hitachi Energy Ltd., General Electric Company, and TDK Corporation. These companies are focusing on product innovation to meet the growing demand for HVDC capacitors in renewable energy projects.

Product Innovation

Product innovation is a key trend in the HVDC capacitor market, with companies developing new products to strengthen their position. For example, Vishay Intertechnology launched the Vishay Polytech T50 series capacitors, which provide unique benefits such as withstanding temperature humidity bias (THB) testing and function effectively under high temperatures.

Recent Developments

In February 2023, Mitsubishi Electric Corporation acquired Scibreak AB to strengthen its competitiveness in developing DCCB technologies for high-voltage direct current (HVDC) systems. This strategic acquisition aims to support the increasing global deployment of renewable energy.

Market Segmentation and Regional Analysis

The market is segmented by product type, installation type, and application. North America was the largest region in 2023, reflecting the region’s strong demand for HVDC capacitors. Asia-Pacific is expected to be the fastest-growing region in the forecast period, driven by increasing urbanization and electricity demand.

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The HVDC Capacitor Global Market Report 2024  provides an overview of the HVDC capacitor market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The HVDC capacitor market forecast analyzes HVDC capacitor market size, HVDC capacitor market share, leading competitor and their market positions.

The Table Of Content For The HVDC Capacitor Market Include:

1. HVDC Capacitor Market Executive Summary
2. HVDC Capacitor Market Segments
3. HVDC Capacitor Market Size And HVDC Capacitor Market Growth Rate
4. Key HVDC Capacitor Market Trends
5. Major HVDC Capacitor Market Drivers
……
25. Key Mergers And Acquisitions In The HVDC Capacitor Market
26. Top HVDC Capacitor Companies
27. HVDC Capacitor Market Opportunities And Strategies
28. HVDC Capacitor Market, Conclusions And Recommendations
29. Appendix

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