HVDC Capacitor Market worth $3,890 Million by 2020 – New Report by MarketsandMarkets
(PRWEB) January 02, 2015 -- The new market research report "HVDC Capacitor Market" expects the total market to reach $3,890.00 Million by 2020. It expects the market to grow at an estimated CAGR of 16.02%, from 2014 to 2020.
Browse "HVDC Capacitor Market" through detailed TOC, figures and data tables spread across over 245 Report Pages.
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Over the last two decades, HVDC capacitor has become a dominating technology for bulk power transmission over long distances. According to the report, government initiatives toward energy trade and interconnecting the power grid are expected to boost the deployment of the HVDC grid across the globe. The types of the HVDC capacitor technologies covered in the report include Line Commutated Converter, Voltage Source Converter, and others. In the HVDC Capacitor Market, the Line Commutated Converter (LCC) technology accounted for the major share worth 59% in 2013. Market opportunities for the Voltage Source Converter (VSC) technology, which is more compact and enables renewable energy, are expected to increase over the next few years.
The report covers the key application sectors of the HVDC Capacitor Market, which include commercial, industrial, energy and power, defense, and other sectors. Among all the applications, the energy and power sector is expected to be the largest contributor to the overall HVDC capacitor market, holding 50% share.
The HVDC Capacitor Market for geographic regions such as Americas, Europe, Asia-Pacific, and the Rest of the World (RoW) have also been included in the report. Europe was the largest geography in terms of market size for the HVDC capacitor market. APAC, Europe, and RoW are also considered to be the promising markets, with China, Japan, India, and Australia providing impetus to the growth.
According to the report, the major drivers for the HVDC Capacitor Market growth include supportive government regulations, need for improved stability and low transmission losses in the existing power infrastructure. Rising demand from niche and small end-user segments are also expected to drive the market growth. There are some restraining factors for the market. These factors include high infrastructure cost and lack of standardization. The HVDC capacitor industry is growing rapidly due to the growth of infrastructure and automation, which are the key opportunities for the HVDC capacitor market.
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The report profiles promising major players in the HVDC Capacitor Market. According to the report, the market is witnessing a series of new product launch announcement and partnership across the value chain. The HVDC Capacitor Market is rapidly growing in the renewable energy sector, which represent potential end-users for this market. Key players in this industry, which are profiled in this report include ABB Ltd. (Switzerland), Epcos AG (Germany), Siemens Energy (Germany), Alstom SA (France), Toshiba (Japan), and others.
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