The North America HVDC Capacitor Market would witness market growth of 13.3% CAGR during the forecast period (2022-2028).
A larger conductor can reduce power loss during transmission, but larger conductors are more expensive and heavier. Transmission-level voltages must be decreased for end-use equipment since high voltage cannot be easily employed for lighting or motors. Alternating current (AC) transmission circuits' voltage levels can be changed using transformers.
Voltage changes were made feasible by transformers, and AC generators were more effective than their DC counterparts. Around the turn of the 20th century, low voltage AC transmission systems replaced the earlier low voltage DC transmission systems due to these advantages. The development of power electronics components like mercury-arc valves and semiconductor products like thyristors, integrated gate-commutated thyristors (IGCTs), MOS-controlled thyristors (MCTs), and insulated-gate bipolar transistors allowed for the practical conversion of power between AC and DC.
A pan-Canadian EV subsidy program, offering a $5,000 rebate towards the purchase of a new electric car, was launched by Transport Canada in May 2019. In Canada, sales of electric vehicles increased in the second quarter of 2019. However, the pace of the extra sales did not continue in any of the areas during the second quarter, suggesting that the reduced incentive sum may have a smaller or more fleeting benefit than the $10,000 incentive that was previously provided in Ontario.
The US market dominated the North America HVDC Capacitor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,490 million by 2028. The Canada market is poised to grow at a CAGR of 15.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 14.8% during (2022 - 2028).
Based on Technology, the market is segmented into Line-commutated Converter (LCC) and Voltage-source Converter (VSC). Based on Product Type, the market is segmented into Plastic Film Capacitors, Aluminum Electrolytic Capacitors, Ceramic Capacitors, Tantalum Wet Capacitors, and Others. Based on Application, the market is segmented into Energy & Power, Aerospace & Defense, Industrial, Commercial, and Others. Based on Installation Type, the market is segmented into Enclosed Rack Capacitor Banks, Open Rack Capacitor Banks, and Pole-mounted Capacitor Banks. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global HVDC Capacitor Market is Estimated to reach $11.4 Billion by 2028, at a CAGR of 13.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., Hitachi, Ltd., TDK Corporation, Yageo Corporation, Vishay Intertechnology, Inc., Eaton Corporation PLC, Kyocera Corporation, General Atomics, International Capacitors, S.A., and ELECTRONICON Kondensatoren GmbH.
By Technology
By Product Type
By Application
By Installation Type
By Country
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