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 use of PP film capacitors in the global HVDC market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected grow with a CAGR of 9% to 11% from 2019 to 2025. The major drivers for this market are increasing installation for HVDC system and low transmission loss and better stability of HVDC line.
Browse 98 market data tables and 75 figures spread through 160 pages and in-depth TOC on “PP Film Capacitors in the Global HVDC Market"
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 as compared to 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 in PP Film Capacitor in the global HVDC Market 2020-2025: 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]:
•Open Rack
•Others
By Region [Volume (K units) and $M shipment analysis for 2016 – 2027]:
•North America
oUnited States
•Europe
•Asia Pacific
oChina
•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 click on this link https://www.lucintel.com/hvdc-pp-film-capacitor-market.aspx or write us at helpdesk@lucintel.com
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities of PP film capacitor for the HVDC market by technology (line commutated converter and voltage sourced converter), installation type (open rack and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges for PP film capacitors in the global HVDC market?
Q.5 What are the business risks and threats to PP film capacitors in the global HVDC market?
Q.6 What are the emerging trends for PP film capacitors in the global HVDC market and the reasons behind them?
Q.7 What are some changing demands of customers for PP film capacitors in the global HVDC market?
Q.8 What are the new developments for PP film capacitors in the global HVDC market? Which companies are leading these developments?
Q.9 Who are the major PP film capacitor players the global HVDC market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes for PP film capacitors in the global HVDC market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years for PP film capacitors in the global HVDC market?