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Palo Alto, CA, United States, 2007/12/17 - New analysis from Frost & Sullivan, North American High-voltage (HV) and Medium-voltage (MV) Capacitor Markets, reveals that this market earned revenues of $108.1 million in 2006 and estimates this to reach $164.8 million in 2013.
Spurred by the growing need for reliable and affordable power, North American utilities strive for efficiency by the improvement of transmission and distribution (T&D) network, substation upgrades and loss reduction. These measures provide a major boost to the North American high-voltage (HV) and medium-voltage (MV) capacitor markets, as these capacitors not only help improve efficiency of power distribution, but also correct disturbances in the system and reduce energy losses.
New analysis from Frost & Sullivan (energy.frost.com), North American High-voltage (HV) and Medium-voltage (MV) Capacitor Markets, reveals that this market earned revenues of $108.1 million in 2006 and estimates this to reach $164.8 million in 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the North American High-voltage and Medium-voltage Capacitor Markets, then send an email to Johanna Haynes, Corporate Communications, at johanna.haynes[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.
"The North American high- and medium-voltage markets are, to a large extent, driven by the utilities," notes Frost & Sullivan Research Associate Krathika Belliappa. "Operators and owners of bulk power systems invest more in capacitors as they work to enforce the reliability and security standards set by regulatory bodies such as the North American Electric Reliability Corporation (NERC)."
The price increase of raw materials adversely impacts the highly price-sensitive capacitors market. The price of raw materials such as steel, aluminum, copper, polypropylene film and dielectric fluid rises sharply. These increases escalate capacitor prices and heighten competition.
"Additionally, the North American capacitors market faces a talent crunch, which could be one of the reasons for the lack of technical breakthroughs," notes Belliappa. "With competition levels excepted to intensify over the forecast period, there could be further pressure on profit margins in the absence of innovations."
Given these challenges, market participants must explore innovations in the field of capacitors. Sufficient investment in R&D is vital to deal with the increase in raw material prices and help develop value-added features. Participants must also evaluate their respective position in the market and aim at differentiation. This will help them tap unexplored markets and carve a niche for themselves.
North American High-voltage (HV) and Medium-voltage (MV) Capacitor Markets is part of the Energy and Power Growth Partnership Services. This study discusses current issues, revenue forecasts, market trends, drivers, restraints, challenges and competitive analysis for HV and MV capacitors. All research included in our subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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