According to a new market report published by Lucintel, the future of PP film capacitors in the global HVDC market looks promising with opportunities in the high voltage power transmission industry. The market is expected grow with a CAGR of 21% from 2022 to 2027. The major drivers for this market are growing demand for renewable energy, increasing installation for HVDC systems, and low transmission loss and better stability of HVDC lines.
In this market, PP film capacitors are used in Line Commutated Converter (LCC) and Voltage Sourced Converter (VSC) HVDC systems. Lucintel forecasts that voltage sourced converter systems will remain the largest technology segment due to growth in offshore wind capacity and black-start capability and finer reactive power control of VSC than LCC technology.
Within this market, open rack will remain the largest installation type segment during the forecast period, driven by increasing open rack installation of HVDC systems.
Asia Pacific will remain the largest region by value and volume during the forecast period. Growing demand for electricity due to huge investment in infrastructure and urbanization, increasing investment in renewable energy, and implementation of UHVDC in China have resulted in high demand for PP based capacitors in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing size of capacitors and growing adoption of multi-terminal HVDC systems. TDK, ABB, Vishay, AVX, and General Electric are among the major PP film capacitor manufacturers in the global HVDC market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for use of PP film capacitors in the HVDC market by technology, installation type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities for PP Film Capacitors in the global HVDC Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for PP film capacitors in the global HVDC market by technology, installation type, and region as follows:
By Technology [Volume (K Units) and $M shipment analysis for 2016 – 2027]:
Line Commutated Converters (LCC)
Voltage Sourced Converters (VSC)
By Installation Type [Volume (K Units) and $M shipment analysis for 2016 – 2027]:
By Region [Volume (K units) and $M shipment analysis for 2016 – 2027]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 160 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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