Trends, opportunities and forecast for PP film capacitors in the HVDC market to 2030 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)
Trends and Forecast for PP Film Capacitors in the HVDC Market
The future of PP film capacitors in the HVDC market looks promising with opportunities in the high voltage power transmission industry. PP film capacitors in the HVDC market is expected to reach an estimated $460.1 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are the growing demand for renewable energy, increasing installation for HVDC systems, and low transmission loss and better stability of HVDC lines.
PP Film Capacitors in the HVDC Market by Segment
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 2018 - 2030]:
- Line Commutated Converter (LCC)
- Voltage Sourced Converter (VSC)
By Installation Type [Volume (K Units) and $M shipment analysis for 2018 - 2030]:
- Open Rack
- Others
By Region [Volume (K Units) and $M shipment analysis for 2018 - 2030]:
- North America
- United States
- Europe
- Asia Pacific
- China
- The Rest of the World
PP Film Capacitors Companies in the HVDC Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies HVDC PP film capacitor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the leading PP film capacitor companies profiled in this report include:
- ABB Ltd
- Vishay Intertechnology
- AVX
- TDK
- General Electric
PP Film Capacitors in the HVDC Market Insight
- Voltage sourced converter systems will remain the largest technology segment in terms of use of PP film capacitors due to growth in offshore wind capacity and black-start capability and finer reactive power control of VSC as compared to LCC technology.
- Open rack will remain the largest installation type segment during the forecast period, driven by increasing open rack installation of HVDC systems.
- Asia Pacific will remain the largest region by value and volume during the forecast period. Growing demand for electricity due to huge investment in infrastructure and urbanization, increasing investment in renewable energy, and implementation of UHVDC in China have resulted in high demand for PP based capacitors in this region.
Key Features of PP Film Capacitors in the HVDC Market
- Market Size Estimates: PP film capacitors in the global HVDC market size estimation in terms of value ($M) & volume (K Units)
- Trend and Forecast Analysis: Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis: Market size by technology and installation type
- Regional Analysis: PP film capacitors for the HVDC market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different technologies, installation types, and regions for PP film capacitors in the HVDC market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of PP film capacitors in the global HVDC market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers the following key questions
- What are some of the most promising potential, high-growth opportunities of PP film capacitors in 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)?
- Which segments will grow at a faster pace and why?
- Which regions will grow at a faster pace and why?
- What are the key factors affecting market dynamics? What are the drivers and challenges of PP film capacitors in the global HVDC market?
- What are the business risks and threats to PP film capacitors in the global HVDC market?
- What are the emerging trends in PP film capacitors for the global HVDC market and the reasons behind them?
- What are some changing demands of customers of PP film capacitors in the global HVDC market?
- What are the new developments in PP film capacitors for the global HVDC market? Which companies are leading these developments?
- Who are the major PP film capacitor players in the global HVDC market? What strategic initiatives are being implemented by key players for business growth?
- 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?
- What M&A activities did take place in the last five years in the global HVDC market in terms of PP film capacitor use?
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Table of Contents
Companies Mentioned
- ABB Ltd.
- Vishay Intertechnology
- AVX
- TDK
- General Electric
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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