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HVDC capacitor market to reach $3.9B by 2020

Posted: 12 Dec 2014 ?? ?Print Version ?Bookmark and Share

Keywords:Research and Markets? HVDC capacitor? defence?

The latest report from Research and Markets has forecasted that the global HVDC capacitor market will grow at a CAGR of 16.02 per cent to reach $3,890 million by 2020. HVDC capacitors ensure safety, reliability and cost-effectiveness by detecting flaws and defects in products without disrupting operations or delaying processes.

Key applications of high voltage capacitors included in the report are commercial, industrial, energy and power sector and defence sectors. Among all the applications, the energy and power sector is expected to be the largest contributor to the overall HVDC capacitor market that held 50 per cent share. While smaller application sectors such as defence and others (medical, electronics, and so on), which accounted for about 17 per cent of high voltage capacitors market in 2013, are also expected to generate more demand over the coming years.

The report discusses two of the HVDC capacitor technologies: line commutated converter and voltage source converter. In 2013, Europe was the largest geography in terms of market size for the HVDC capacitor market. APAC, Europe and RoW are also considered as promising markets, along with China, Japan, India, Germany and the Middle East, which provide impetus to the growth. It is expected that the high investments made by governments in the development of existing power infrastructure and other supportive government regulations to promote the use of renewable energy sources will help in the adoption of HVDC in the Americas, the market research firm indicated.

In addition, the HVDC capacitor market is rapidly growing in the renewable energy sector, which represents potential end-users for this market. Key players in this industry include ABB Ltd (Switzerland), Epcos AG (Germany), Siemens (Germany), Alstom SA (France) and others.

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