High Voltage Direct Current (HVDC) Capacitor Market Size, Share, and Trends 2024 to 2034

The global high voltage direct current (HVDC) capacitor market size is calculated at USD 8.90 billion in 2025 and is forecasted to reach around USD 29.47 billion by 2034, accelerating at a CAGR of 14.26% from 2025 to 2034. The Asia Pacific market size surpassed USD 3.19 billion in 2024 and is expanding at a CAGR of 14.38% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : March 2025
  • Report Code : 5812
  • Category : Semiconductor and Electronic

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on High Voltage Direct Current (HVDC) Capacitor Market 

5.1. COVID-19 Landscape: High Voltage Direct Current (HVDC) Capacitor Market Industry Impact

5.2. COVID-19  Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global High Voltage Direct Current (HVDC) Capacitor Market, By Product Type

8.1. High Voltage Direct Current (HVDC) Capacitor Market Revenue and Volume Forecast, by Product Type

8.1.1. Plastic Film Capacitors

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Aluminum Electrolytic capacitors

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Ceramic Capacitors

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Tantalum Wet Capacitors

8.1.4.1. Market Revenue and Volume Forecast

8.1.5. Reconstituted Mica Paper Capacitors

8.1.5.1. Market Revenue and Volume Forecast

8.1.6. Glass Capacitors

8.1.6.1. Market Revenue and Volume Forecast

8.1.7. Others

8.1.7.1. Market Revenue and Volume Forecast

Chapter 9. Global High Voltage Direct Current (HVDC) Capacitor Market, By Technology

9.1. High Voltage Direct Current (HVDC) Capacitor Market Revenue and Volume Forecast, by Technology

9.1.1. Line-Commutated Converter (LCC)

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Voltage-Source Converter (VSC)

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global High Voltage Direct Current (HVDC) Capacitor Market, By Installation Type

10.1. High Voltage Direct Current (HVDC) Capacitor Market Revenue and Volume Forecast, by Installation Type

10.1.1. Enclosed Rack Capacitor Banks

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Open Rack Capacitor Banks

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Pole-Mounted Capacitor Banks

10.1.3.1. Market Revenue and Volume Forecast

Chapter 11. Global High Voltage Direct Current (HVDC) Capacitor Market, By Application 

11.1. High Voltage Direct Current (HVDC) Capacitor Market Revenue and Volume Forecast, by Application

11.1.1. Aerospace and Defense

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Commercial

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Energy and Power

11.1.3.1. Market Revenue and Volume Forecast

11.1.4. Industrial

11.1.4.1. Market Revenue and Volume Forecast

11.1.5. Others

11.1.5.1. Market Revenue and Volume Forecast

Chapter 12. Global High Voltage Direct Current (HVDC) Capacitor Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Product Type

12.1.2. Market Revenue and Volume Forecast, by Technology

12.1.3. Market Revenue and Volume Forecast, by Installation Type

12.1.4. Market Revenue and Volume Forecast, by Application

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Product Type

12.1.5.2. Market Revenue and Volume Forecast, by Technology

12.1.5.3. Market Revenue and Volume Forecast, by Installation Type

12.1.5.4. Market Revenue and Volume Forecast, by Application

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Product Type

12.1.6.2. Market Revenue and Volume Forecast, by Technology

12.1.6.3. Market Revenue and Volume Forecast, by Installation Type

12.1.6.4. Market Revenue and Volume Forecast, by Application

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Product Type

12.2.2. Market Revenue and Volume Forecast, by Technology

12.2.3. Market Revenue and Volume Forecast, by Installation Type

12.2.4. Market Revenue and Volume Forecast, by Application

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Product Type

12.2.5.2. Market Revenue and Volume Forecast, by Technology

12.2.5.3. Market Revenue and Volume Forecast, by Installation Type

12.2.5.4. Market Revenue and Volume Forecast, by Application

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Product Type

12.2.6.2. Market Revenue and Volume Forecast, by Technology

12.2.6.3. Market Revenue and Volume Forecast, by Installation Type

12.2.6.4. Market Revenue and Volume Forecast, by Application

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Product Type

12.2.7.2. Market Revenue and Volume Forecast, by Technology

12.2.7.3. Market Revenue and Volume Forecast, by Installation Type

12.2.7.4. Market Revenue and Volume Forecast, by Application

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Product Type

12.2.8.2. Market Revenue and Volume Forecast, by Technology

12.2.8.3. Market Revenue and Volume Forecast, by Installation Type

12.2.8.4. Market Revenue and Volume Forecast, by Application

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Product Type

12.3.2. Market Revenue and Volume Forecast, by Technology

12.3.3. Market Revenue and Volume Forecast, by Installation Type

12.3.4. Market Revenue and Volume Forecast, by Application

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Product Type

12.3.5.2. Market Revenue and Volume Forecast, by Technology

12.3.5.3. Market Revenue and Volume Forecast, by Installation Type

12.3.5.4. Market Revenue and Volume Forecast, by Application

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Product Type

12.3.6.2. Market Revenue and Volume Forecast, by Technology

12.3.6.3. Market Revenue and Volume Forecast, by Installation Type

12.3.6.4. Market Revenue and Volume Forecast, by Application

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Product Type

12.3.7.2. Market Revenue and Volume Forecast, by Technology

12.3.7.3. Market Revenue and Volume Forecast, by Installation Type

12.3.7.4. Market Revenue and Volume Forecast, by Application

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Product Type

12.3.8.2. Market Revenue and Volume Forecast, by Technology

12.3.8.3. Market Revenue and Volume Forecast, by Installation Type

12.3.8.4. Market Revenue and Volume Forecast, by Application

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Product Type

12.4.2. Market Revenue and Volume Forecast, by Technology

12.4.3. Market Revenue and Volume Forecast, by Installation Type

12.4.4. Market Revenue and Volume Forecast, by Application

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Product Type

12.4.5.2. Market Revenue and Volume Forecast, by Technology

12.4.5.3. Market Revenue and Volume Forecast, by Installation Type

12.4.5.4. Market Revenue and Volume Forecast, by Application

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Product Type

12.4.6.2. Market Revenue and Volume Forecast, by Technology

12.4.6.3. Market Revenue and Volume Forecast, by Installation Type

12.4.6.4. Market Revenue and Volume Forecast, by Application

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Product Type

12.4.7.2. Market Revenue and Volume Forecast, by Technology

12.4.7.3. Market Revenue and Volume Forecast, by Installation Type

12.4.7.4. Market Revenue and Volume Forecast, by Application

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Product Type

12.4.8.2. Market Revenue and Volume Forecast, by Technology

12.4.8.3. Market Revenue and Volume Forecast, by Installation Type

12.4.8.4. Market Revenue and Volume Forecast, by Application

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Product Type

12.5.2. Market Revenue and Volume Forecast, by Technology

12.5.3. Market Revenue and Volume Forecast, by Installation Type

12.5.4. Market Revenue and Volume Forecast, by Application

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Product Type

12.5.5.2. Market Revenue and Volume Forecast, by Technology

12.5.5.3. Market Revenue and Volume Forecast, by Installation Type

12.5.5.4. Market Revenue and Volume Forecast, by Application

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Product Type

12.5.6.2. Market Revenue and Volume Forecast, by Technology

12.5.6.3. Market Revenue and Volume Forecast, by Installation Type

12.5.6.4. Market Revenue and Volume Forecast, by Application

Chapter 13. Company Profiles

13.1. Eaton Corporation PLC

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. General Atomics Inc.

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. General Electric Company

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Hitachi Ltd. (Hitachi ABB Power Grids Ltd)

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Murata Manufacturing Co. Ltd.

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Samwha Capacitor Co. Ltd.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Siemens AG

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. TDK Corporation

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. UCAP Power Inc. 

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Vishay Intertechnology Inc.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global high voltage direct current (HVDC) capacitor market size is expected to grow from USD 7.79 billion in 2024 to USD 29.47 billion by 2034.

The high voltage direct current (HVDC) capacitor market is anticipated to grow at a CAGR of 14.26% between 2025 and 2034.

The major players operating in the high voltage direct current (HVDC) capacitor market are Eaton Corporation PLC, General Atomics Inc., General Electric Company, Hitachi Ltd. (Hitachi ABB Power Grids Ltd), Murata Manufacturing Co. Ltd., Samwha Capacitor Co. Ltd., Siemens AG, TDK Corporation, UCAP Power Inc., Vishay Intertechnology Inc., and Others.

The driving factors of the high voltage direct current (HVDC) capacitor market are the rapid shift toward renewable energy sources, investment in HVDC transmission infrastructure is increasing, which is a key factor driving the growth of the market.

Asia Pacific region will lead the global high voltage direct current (HVDC) capacitor market during the forecast period 2025 to 2034.

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