Europe HVDC Capacitor Market Size, Share & Industry Trends Analysis Report By Technology, By Product Type, By Application (Energy & Power, Aerospace & Defense, Industrial, Commercial), By Installation Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe HVDC Capacitor Market would witness market growth of 13.1% CAGR during the forecast period (2022-2028).
Although to a considerably lesser extent, the capacitive effect of long underground or underwater cables in AC transmission applications also extends to AC overhead lines. However, for a long AC overhead transmission line, the current required to just charge the line capacitance can be substantial, which lowers the line's ability to deliver meaningful current to the load at the distant end.
The skin effect, which results in an irregular distribution of current over the conductor's cross-sectional area, is another factor that lowers the usable current-carrying capacity of AC lines. Both of these limitations affect direct current transmission line conductors. Consequently, when operating with HVDC, a particular conductor can carry more power to the load with the same conductor losses than AC.
Finally, it may be conceivable for a certain transmission line to function with a constant HVDC voltage that is about equal to the peak AC voltage for which it is constructed and insulated, depending on the environmental factors and the effectiveness of the overhead line insulation functioning with HVDC. The root mean square (RMS) of an AC voltage, which is only roughly 71% of the peak voltage, is used to measure the power delivered in an AC system.
Konti-Skan is a high-voltage direct current transmission line connecting Sweden and Denmark, sometimes spelled Kontiskan. Vester Hassing near Aalborg is the location of the converter station for Konti-Skan 1 and 2. Vester Hassing is connected to a cable terminal in Denmark near Stensnaes by a 34 km overhead line with two conductors. Konti-Skan 1's high voltage pole originally relied on this line, which was installed near the converter station and cable terminal with a ground conductor, as well as the electrode line that extends from Vester Hassing until a junction a few kilometers south of the cable terminal, and then turns outward to Soera's ground electrode.
The Germany market dominated the Europe HVDC Capacitor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $854.3 million by 2028. The UK market is anticipated to grow a CAGR of 12.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 14% during (2022 - 2028).
Based on Technology, the market is segmented into Line-commutated Converter (LCC) and Voltage-source Converter (VSC). Based on Product Type, the market is segmented into Plastic Film Capacitors, Aluminum Electrolytic Capacitors, Ceramic Capacitors, Tantalum Wet Capacitors, and Others. Based on Application, the market is segmented into Energy & Power, Aerospace & Defense, Industrial, Commercial, and Others. Based on Installation Type, the market is segmented into Enclosed Rack Capacitor Banks, Open Rack Capacitor Banks, and Pole-mounted Capacitor Banks. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global HVDC Capacitor Market will Hit $11.4 Billion by 2028, at a CAGR of 13.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., Hitachi, Ltd., TDK Corporation, Yageo Corporation, Vishay Intertechnology, Inc., Eaton Corporation PLC, Kyocera Corporation, General Atomics, International Capacitors, S.A., and ELECTRONICON Kondensatoren GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Line-commutated Converter (LCC)
- Voltage-source Converter (VSC)
By Product Type
- Plastic Film Capacitors
- Aluminum Electrolytic Capacitors
- Ceramic Capacitors
- Tantalum Wet Capacitors
- Energy & Power
- Aerospace & Defense
By Installation Type
- Enclosed Rack Capacitor Banks
- Open Rack Capacitor Banks
- Pole-mounted Capacitor Banks
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co.
- Hitachi, Ltd.
- TDK Corporation
- Yageo Corporation
- Vishay Intertechnology, Inc.
- Eaton Corporation PLC
- Kyocera Corporation
- General Atomics
- International Capacitors, S.A.
- ELECTRONICON Kondensatoren GmbH
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