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HVDC Capacitor Market by Product Type, Technology, Installation Type, Application and Geography - Gl | |
The Global HVDC Capacitor Market is projected to reach USD 15.3 billion by 2030 from an estimated USD 5.2 billion in 2022, at a CAGR of 14.4% from 2022 to 2030. The growth of the HVDC capacitor market can be attributed to rising demand for HVDC transmission systems and increasing adoption of renewable energy sources with rising energy consumption. HVDC plastic film capacitors are expected to capture the largest market share during the forecast period” HVDC plastic film capacitors are expected to capture the largest market share during the forecast period owing to the increased adoption of these capacitors in commercial, industrial, aerospace and defense, and energy and power applications. They are highly reliable due to their self-healing capability and long service life and can continue operating effectively even in high temperatures. “In 2022, enclosed rack capacitor banks captured the largest share of the HVDC capacitor market” In 2022, enclosed rack capacitor banks captured the largest share of the HVDC capacitor market, and a similar trend is likely to be observed during the forecast period. The dominance can be attributed to its wide deployment in various indoor and outdoor applications, such as power generation plants, electrical substations, chemical factories, cement factories, and iron and steel manufacturing plants, due to lower installation and maintenance costs. “In 2022, the energy and power segment captured the largest share of the HVDC capacitor market” | |
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| Target Nation: All Nations Target City : Navi Mumbai Last Update : 18 August 2022 9:07 AM Number of Views: 3 | Item Owner : vidhya Contact Email: Contact Phone: (None) |
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2022-08-18 (0.344 sec)