HVDC Capacitor Market is predicted to reach USD 16.7 billion at a CAGR of 14.60% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global HVDC Capacitor Market” that contains information from 2018 to 2032. The HVDC capacitor market is estimated to register a CAGR of 14.60% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global HVDC capacitor market— Eaton Corporation PLC, ABB Ltd, RTDS Technologies Inc., Alstom SA, Maxwell Technologies Inc, Siemens AG, Sieyuan Electric Co. Ltd, Vishay Intertechnology Inc, TDK Corporation, and AVX Corporation (Kyocera Corporation).

Market Highlights

The global HVDC capacitor market is accounted to register a CAGR of 14.60% during the forecast period and is estimated to reach USD 16.7 Billion by 2032.

The industry that produces and sells capacitors especially made for High Voltage Direct Current (HVDC) systems is known as the "HVDC capacitor market." In order for HVDC transmission systems to operate steadily and reliably, HVDC capacitors are crucial parts. The industry is fueled by the growing use of HVDC technology in long-distance power transmission and the incorporation of renewable energy sources.

Segment Analysis

The global HVDC capacitor market has been segmented based product type, technology, installation type, and application.

On the basis of product type, the market is segmented into plastic film capacitors, aluminum electrolytic capacitors, ceramic capacitors, tantalum wet capacitors, and others. Ceramic capacitors segment dominated the global market in 2022. Ceramic capacitors can operate at high temperatures because to its excellent stability, capacitance, and ability to resist the effects of temperature.

Based on technology, the global HVDC capacitor market has been segmented into line-commulated converter (LCC) and voltage-source converter (VSC). Voltage-source converter (VSC) segment dominated the global HVDC capacitor market in 2022. VSC is a more contemporary technology that uses power transistors.

Based on installation type, the global HVDC Capacitor market has been segmented into open rack capacitor banks, enclosed rack capacitor banks, and pole-mounted capacitor banks. Pole-mounted capacitor banks segment dominated the global HVDC capacitor market in 2022. Pole-mounted capacitor banks can be automated or fixed in one motion.

Based on application, the global HVDC capacitor market has been segmented into commercial, industrial, aerospace and defense, and others. Industrial segment dominated the global market in 2022. The HVDC capacitor complies with the highest electrical and mechanical requirements in the energy and power sector, including the production, distribution, and transmission of energy that serves a variety of sectors.

Regional Analysis

The global HVDC Capacitor market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe HVDC Capacitor market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The HVDC Capacitor market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World HVDC Capacitor market comprises of Middle East, Africa, and Latin America.

The North America HVDC capacitor market dominated this market in 2022 (45.80%). The region is one of the top investors and adopters in the industry under investigation as a result of their quick adoption of HVDC transmission systems. For instance, residential, commercial, and industrial users in the United States continue to drive the adoption of HVDC capacitors in order to boost the transmission capacity and network reliability.

Moreover, the HVDC capacitor market in Europe held a sizable market share in 2022. Due to their rapid adoption of HVDC transmission systems, the area is among the top investors and adopters in the market under study. For instance, to increase the transmission capacity and network stability, residential, commercial, and industrial consumers in the United States continue to drive the adoption of HVDC capacitors.

Additionally, from 2023 to 2032, the Asia Pacific HVDC capacitor market is anticipated to grow significantly. This is because it is the ideal solution to reduce power loss and increase efficacy during long-distance point-to-point power transmission in the region. The market is also growing as a result of the area's growing industrial transformation.

Furthermore, the rest of the world's HVDC capacitor market is divided into the Middle East, Africa, and Latin America. The need for capacitors made for High Voltage Direct Current (HVDC) systems is met by the Latin America HVDC Capacitor Market. These capacitors enable steady and dependable operation in HVDC transmission systems, which are becoming more popular for integrating renewable energy sources and long-distance power transmission. The market is fueled by the region's increasing emphasis on sustainable energy and cross-border power trade.

Key Findings of the Study

• The global HVDC Capacitor market is expected to reach USD 16.7 Billion by 2032, at a CAGR of 14.60% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the fact that it is the perfect remedy to lower power loss and boost effectiveness during long-distance point-to-point power transmission in the area.


• Based on application, the industrial segment was attributed to holding the largest market in 2022.


• Eaton Corporation PLC, ABB Ltd, RTDS Technologies Inc., Alstom SA, Maxwell Technologies Inc, Siemens AG, Sieyuan Electric Co. Ltd, Vishay Intertechnology Inc, TDK Corporation, and AVX Corporation (Kyocera Corporation).