According to a new report, published by KBV research, The Global HVDC Capacitor Market size is expected to reach $11.4 billion by 2028, rising at a market growth of 13.7% CAGR during the forecast period.
The Line-commutated Converter (LCC) segment acquired maximum revenue share in the Global HVDC Capacitor Market by Technology in 2021 thereby, achieving a market value of $6.4 billion by 2028. A three-phase bridge rectifier, sometimes known as a six-pulse bridge, is used in the basic LCC arrangement. It comprises six electronic switches that each connect one of the three stages to one of the two DC rails. Regardless of how it is built, a full switching element is typically referred to as a valve.
The Ceramic Capacitors segment is showcasing CAGR of 14.4% during (2022 - 2028). Due to its great stability and capacitance and its capacity to counteract the effects of temperature, ceramic capacitors can function at high temperatures. As a result, they are frequently utilized as a resonant circuit for non-contact charging equipment as well as a smoothing snubber for electric vehicles and hybrid electric vehicle motor drive inverters.
The Energy & Power segment is generating highest revenue share the Global HVDC Capacitor Market by Application in 2021 thereby, achieving a market value of $5.4 billion by 2028. The continued government assistance and efforts to encourage sustainable energy to achieve the net-zero emission situation are to blame for this segment's supremacy. For instance, the Building a Better Grid Initiative was launched by the US Department of Energy (DoE) in 2021 to spur the construction of new and updated high-capacity electric transmission lines across the country.
The Pole-mounted Capacitor Banks segment has shown the growth rate of 14.1% during (2022 - 2028). Pole-mounted capacitor banks can be fixed or automated in a single step. These banks provide several advantages, including better voltage management and power factor, a straightforward design, affordable equipment, and a smaller installation footprint. As a result, they are used in applications for large industrial loads, induction furnaces, distribution transformers, and agricultural loads.
The Europe market dominated the Global HVDC Capacitor Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.7 billion by 2028. The North America market is exhibiting a CAGR of 13.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 14.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/hvdc-capacitor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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