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High-Voltage Direct Current (HVDC) capacitors are used in HVDC power transmission systems and converters. HVDC series capacitors are being primarily used in Capacitor-Commutated Converter (CCC) in which the series capacitors partly counter balances the commutating inductance of the capacitor commutated converter and prevents fault currents. The global HVDC capacitor market is expected to rise at a CAGR of 17% during forecast period 2016-2023. HVDC transmission offer several advantages over AC transmission such as low transmission loss, less overall investment cost, less conductor per unit distance etc.
The key factor driving the growth of global HVDC capacitor market is the improved voltage stability and low transmission losses of HVDC as compared to AC transmission. The transmission loss is less in HVDC power transmission system asit consists DC voltage of up to approximately 400,000 volts. Therefore, higher the DC voltage, lesser the transmission losses, hence large amount of electricity power can be transmitted. According to Americans for a Clean Energy Grid, HVDC transmission has typically 30-50% less transmission loss as compared to alternating current overhead lines. For instance, if 2500 MW power is transmitted over a transmission line of 800 km, the transmission loss in a conventional 400-kV AC line is 9.4%. Whereas, in HVDC transmission at 500 kV, the transmission loss is only 6%, and at 800 kV the transmission loss is just 2.6%. Also VSC-HVDC systems improves the voltage stability of power systems. Moreover, according to Institute of Electrical and Electronics Engineers (IEEE), HVDC transmission link is used to improvise the voltage stability of weak AC power systems. Therefore, research is going on to develop a device which would provide locally controlled DC power on the DC transmission link transmission thereby forming a radial multi-terminal HVDC. Therefore, improved voltage stability and low transmission losses of HVDC as compared to AC transmission is driving the growth of global HVDC capacitors market.
Source: OBRC Analysis.
The report on global HVDC capacitor market includes product type, technology, installation type and applications.
Products of HVDC capacitor includes:
· Plastic Film Capacitors
· Aluminum Electrolytic Capacitors
· Ceramic Capacitors
· Tantalum Wet Capacitors
· Reconstituted Mica Paper Capacitors
· Glass Capacitors
Technologies of HVDC capacitor includes:
· Line Commutated Converters (LCC)
· Voltage-Sourced Converters (VSC)
Installation types of HVDC capacitor include:
· Open Rack Capacitor Banks
· Enclosed Rack Capacitor Banks
· Pole Mounted Capacitor Banks
Applications of HVDC capacitor includes:
· Energy & Power Sector
The report scope is widely categorized on the basis of its product type which includes plastic film capacitors, aluminium electrolytic capacitors, ceramic capacitors, tantalum wet capacitors, reconstituted mica paper capacitors, glass capacitors. Moreover, the market revenue estimates and forecast include technology types.
The global HVDC capacitor market report has been geographically segmented in:
· North America (U.S. & Canada)
· Asia Pacific (China, India, Japan, RoAPAC)
· Europe (UK, France, Germany, RoE)
· Rest of World
Geographically, Europe is the largest market region for global market in terms of revenue share. The key factor driving the market growth in European market is rising investments by government for the development of conventional power infrastructure. Moreover, the increasing demand for electricity in industrial sector is boosting the European market. However, Asia Pacific is expected to emerge as the fastest growing market during forecast period 2016-2023 owing to the developed HVDC and power transmission industries in China, Japan and India.
Global report covers segmentation analysis of product type, technology, installation type and applications. Report further covers segments of equipment type which includes plastic film capacitors, aluminium electrolytic capacitors, ceramic capacitors, tantalum wet capacitors, reconstituted mica paper capacitors, glass capacitors. Report further covers segments of technology types which include Line Commutated Converters (LCC) and Voltage-Sourced Converters (VSC). The Line Commutated Converters (LCC) is the leading technology segment and had acquired largest market share in 2015. However, Voltage-Sourced Converters (VSC) is the fastest growing segment owing to its compact size and deployment of renewable energy. Report further covers segments of technology types which include open rack capacitor banks, enclosed rack capacitor banks, pole mounted capacitor banks. The open rack capacitor bank is the leading installation segment as it improvises the power factor of the network, has compact size and easy to maintain. The applications of HVDC capacitors include commercial, industrial, energy & power sector, defence etc. Energy and power sector is the major application segment due to increased adoption of HVDC capacitors for power generation and smart grid networks.
The major market players are:
· ABB LTD.
· EPCOS AG
· GENERAL ATOMICS, INC.
· MAXWELL TECHNOLOGIES INC.
· ALSTOM SA
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, product and service launch is the key strategy adopted by the companies.
For Example; In August 2014, ABB ltd. had developed a complete system for HVDC power transmission of 1,100 kW with enhanced power transfer capacity up to 10,000 MW. Furthermore, this system would facilitate power transmission over large distances up to 3000 km.
In March 2015, Epcos AG had opened a new production and manufacturing plant for Epcos power capacitors at its Zhuhai FTZ plant in China in order to expand its production base in China.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis.
Key reason to buy the report:
· The report includes market estimation, forecast and analysis for forecasted period 2016-2023.
· Report includes detailed analysis of different segments such as equipment type and applications of HVDC capacitor.
· Identify and understand the strength, opportunities, challenges and threat.
· Covers details analysis of Porters 5 force model and other strategic models and covers revenues, market share analysis, competitive landscape analysis of major players.
· Detailed analysis of various regulatory policies which are affecting the global market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our global report on the market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the HVDC capacitor market, with giving extensive SCOT analysis of key companies.
· The key factor driving the growth of global market is the improved stability and low transmission losses of HVDC as compared to AC transmission.
· Europe is the largest market region in terms of market revenue share.
· The Line Commutated Converters (LCC) is the leading technology segment and had acquired largest market share in 2015.
· Product and service launch is the key strategy adopted by the companies.
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