UAE HVDC Capacitor Market

The High Voltage Direct Current (HVDC) systems are used for the bulk transmission of electricity through overhead transmission lines or submarine cables. HDVC capacitors are also used to interconnect separate power systems, where conventional alternating current (ACs) connections cannot be used. It helps in accurate controlling of the power flow in terms of power level and direction. The HDVC capacitor reduces the investment cost, minimizes the chances of energy losses, and are environment-friendly.

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The major factors contributing to the growth of the UAE HVDC Capacitor market include the growing adoption of the HDVC capacitor to improve stability and the increasing government’s emphasis on reducing energy losses in the electricity power transmissions across the UAE. The government is mainly focusing on infrastructural development of numerous mega projects in UAE, including the development of smart cities in Dubai, Dubai Expo 2020, UAE Vision 2021, and the UAE Vision 2030. The continuous growth in the construction activities around the nation will drive the demand for transmission of energy without any energy loss, thereby fuelling the growth of the HVDC Capacitor market in the region. Moreover, the government is heavily investing in the production of electricity from renewable energy sources, which in turn, will accelerate the demand for HVDC Capacitor to eliminate the chances of energy loss. The UAE Energy Strategy 2050 aims to increase the contribution of clean energy in the total energy mix from 50% by the end of 2050 and reduce the carbon footprint of power generation by 70%. The Dubai Clean Energy Strategy 2050 focuses on transforming the country into a hub for green energy and economy by generating power from clean energy sources.

These initiatives will encourage the end-users to opt for HVDC Capacitor for bulk power transmission over long distances with higher efficiency and lower energy losses. In addition to this, the increasing investment by the government and private sector towards the development of data centers in the UAE will complement the growing demand of the market. On the other hand, the high initial cost and lack of standardization will hamper the growth of the UAE HVDC Capacitor market during the forecast period.

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Based on the product type, the plastic film capacitor is expected to grow at a higher CAGR during the forecast period owing to the growing adoption of plastic film capacitor driven by its exceptional benefits, including its ability to reduce energy losses at high frequency, highly reliability under extreme environmental conditions, and is highly cost-effective. The increasing government initiatives for generating electricity from renewable energy and the growing infrastructure projects across the UAE, including the smart Dubai project, Smart Sharjah, and the Smart Abu Dhabi, will drastically surge the demand for plastic film capacitors in the region. Plastic film capacitors are often used in power transmission and distribution grids, renewable energy systems, lighting ballasts, aircrafts, and motors to eliminate energy losses.

Based on technology, the Voltage-Sourced Converters (VSC) are anticipated to lead the market during the forecast period due to the rising adoption of VSR HVDC capacitor in the electric power transmission systems driven by its ability to minimize energy losses. The growing awareness about saving energy and the environment will encourage the end-users to adopt for these capacitors across the UAE. In addition to this, the increasing emphasis of UAE’s government on increasing power generation by developing new solar power plants, including the Noor Abu Dhabi Solar Power project and Ras Al Khaimah Solar Power plant, will drive the demand of VSR HVDC capacitor over the coming years.

Based on the application, the Energy & Power Sector segment is expected to grow at a higher CAGR during the forecast period owing to the increasing electricity demand from the industrial sector and the rapid growth in the population rate of UAE. Moreover, the growing focus of UAE’s government to generate power from renewable resources will promote the development of new power plants, which in turn, will fuel the demand of HVDC capacitors. The HVDC capacitor minimizes the chances of energy loss during the transmission process and is environment-friendly.

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Various notable players in the HVDC Capacitor market include ABB United Arab Emirates, Siemens LLC, Eaton Corporation Middle East, General Electric, Alstom UAE, and General Atomics, among others.

The UAE HVDC Capacitor market has been segmented based on the product type, technology, installation type, and application. Based on the product type, the market is Plastic Film Capacitors, Aluminum Electrolytic Capacitors, Ceramic Capacitors, Tantalum Wet Capacitors, Reconstituted Mica Paper Capacitors, Glass Capacitors, and Others. Based on the technology, the market is segmented into Line Commutated Converters (LCC) and Voltage-Sourced Converters (VSC). Based on the installation type, the market is segmented into Open Rack Capacitor Banks and Pole Mounted Capacitor Banks. Based on the Open Rack Capacitor Banks, the market is further segmented into Internally Fused Capacitor Banks, Externally Fused Capacitor Banks, and Fuseless Capacitor Banks. Based on the Enclosed Rack Capacitor Banks, the market is segmented into Fixed Capacitor Banks and Automatic Capacitor Bank. Based on the application, the market is segmented into Industrial, Energy & Power Sector, Defence, and Others. Based on industrial, the market is further segmented into Heavy Manufacturing Plants, Mining, Paper and Pulp Factories, Steel Manufacturing, Petrochemical Industries, and Others. Based on Energy & Power Sector, the market is further segmented into Transmission, Distribution, and Renewable Power Generation.

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Key questions answered in this research report:

• • At what pace is the UAE HVDC Capacitor market growing? What will be a growing trend in the future?
  • What are the key drivers and restraints in the UAE HVDC Capacitor market? What will be the impact of drivers and restraints in the future?
  • Which type of product generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various application areas of the UAE HVDC Capacitor market, and how are they poised to grow?
  • What companies are the major participants in the UAE HVDC Capacitor market and their business strategies, how does the competitive landscape look like?

Market Segmentation

UAE HVDC Capacitor Market by Product Type

• • Plastic Film Capacitors
  • Aluminum Electrolytic Capacitors
  • Ceramic Capacitors
  • Tantalum Wet Capacitors
  • Reconstituted Mica Paper Capacitors
  • Glass Capacitors
  • Others

UAE HVDC Capacitor Market by Technology

• • Line Commutated Converters (LCC)
  • Voltage-Sourced Converters (VSC)

UAE HVDC Capacitor Market by Installation Type

• • Open Rack Capacitor Banks
    • Internally Fused Capacitor Banks
    • Externally Fused Capacitor Banks
    • Fuseless Capacitor Banks
  • Enclosed Rack Capacitor Bank
    • Fixed Capacitor Banks
    • Automatic Capacitor Bank
  • Pole Mounted Capacitor Banks

UAE HVDC Capacitor Market by Application

• • Industrial
    • Heavy Manufacturing Plants
    • Mining
    • Paper and Pulp Factories
    • Steel Manufacturing
    • Petrochemical Industries
    • Others
  • Energy & Power Sector
    • Transmission
    • Distribution
    • Renewable Power Generation
      • Solar
      • Wind
  • Defence
  • Others

UAE HVDC Capacitor Market Leading Market Players (Option 1: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • ABB United Arab Emirates
  • Siemens LLC
  • Eaton Corporation Middle East
  • General Electric
  • Alstom UAE
  • General Atomics