The Global HVDC capacitor Market is estimated to grow at a CAGR of 16.02% to reach $3,890.00 million by 2020. HVDC capacitors aim at optimizing safety, reliability, and cost-effectiveness. HVDC capacitors assure safety and reliability by identifying flaws and defects in products without disrupting operations or delaying processes.

Key applications of high voltage capacitors included in the report are commercial, industrial, energy and power sector, and defense sectors. Among all the applications, the energy and power sector is expected to be the largest contributor to the overall HVDC capacitor market, which held ~50% share. While smaller application sectors, such as defense and others (medical, electronics, and so on), which accounted for about 17% of high voltage capacitors market in 2013, are also expected to generate more demand over the coming years.

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The report discusses two of the HVDC capacitor technologies - Line Commutated Converter and Voltage Source Converter. It also covers the market for geographic regions comprising North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2013, Europe was the largest geography in terms of market size for the HVDC capacitor market. APAC, Europe, and RoW are also considered as promising markets, along with China, Japan, India, Germany, and the Middle East, which provide impetus to the growth. It is expected that the high investments made by governments in the development of existing power infrastructure and other supportive government regulations to promote the use of renewable energy sources will help in the adoption of HVDC in the Americas.

The types of HVDC capacitor technologies covered in the report are Line Commutated Converter, Voltage Source Converter, and others. The applications of HVDC capacitors discussed in the report are commercial, industrial, energy and power, defense, and other sectors. The report also covers the market for the following types of HVDC capacitors - plastic film capacitors, aluminum electrolytic capacitors, ceramic capacitors, tantalum wet capacitors, reconstituted mica capacitors, and glass capacitors. The HVDC capacitor market for the geographic regions including Americas, Europe, and Asia-Pacific, and the Rest of the World (RoW) have also been included in the report.

The major drivers for the HVDC capacitor market are supportive government regulations, need for improved stability, and low transmission losses in the existing power infrastructure and demand driven by smaller, niche end-user segments. There are also some restraining factors for the market, such as high infrastructure cost and lack of standardization. A huge growth is expected for the HVDC capacitor industry, primarily due to the increasing popularity of renewable energy sources for power generation and huge demand generated for high voltage applications by smaller, niche end-user segments such as defense electronics, semiconductor manufacturing, medical electronics, and so on.

The report discusses the future of the global market with road-map, upcoming technologies, markets, and applications with respect to HVDC capacitors. The HVDC capacitor market is rapidly growing in the renewable energy sector, which represents potential end-users for this market. Key players in this industry include ABB Ltd. (Switzerland), Epcos AG (Germany), Siemens (Germany), Alstom SA (France), and others.

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