High Voltage Direct Current (HVDC) transmission system is fast gaining popularity and increased adoption ever since the first test line was developed in Sweden more than seventy years ago. Since then, major technological changes and cutting-edge research has taken place the world over to refine the HVDC VSC technology.
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"Global High Voltage Direct Current (HVDC) Transmission System Market Research Report 2017"
As it is rightly said, necessity is the mother of invention, and this new technology was long overdue because of the inherent drawbacks of the conventional AC grid. The status quo in power transmission has been challenged by major developments in the market such as increased generation of power by renewable energy, new requirements from the power market and the deteriorating environmental impact.
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However, the new HVDC technology based on the Voltage Source Converter (VSC) is an attractive way of transmitting electricity that can overcome all the challenges listed above. The HVDC VSC technology for transmission gives independent control of active and reactive power and the reaction time for response in cases where it is needed is also fast.
In addition, future technological developments have ensured that power transmission companies capitalise on the advantages this technology offers and eliminate the drawbacks such as high losses.
In this Global High Voltage Direct Cu…ystem Market statistical surveying report, the primary driving factors of this market were perceived and the business accomplices and end users were protracted. The structure of the business division, cases, and challenges controlling the market universally are also a bit of this expansive examination.
Distinctive social events and conferences were driven by the apparent pioneers of this industry to get devoted and fortified bits of information concerned to the market.
This Global High Voltage Direct Current (HVDC) Transmission System Market statistical surveying report highlights on the prime merchants in this market everywhere throughout the world. This subdivision of the report comprises the market pictures, requirements, and product portrayals, manufacture, capability, contact data, cost, and income.
In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are supervised.
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This statistical surveying report investigates and examines the High Voltage Direct Current (HVDC) Transmission System Market advertise and decides a comprehensive guess of its development and its details. Another viewpoint that was well-thoroughly considered is the cost examination of the primary items driving in the High Voltage Direct Current (HVDC) Transmission System Market business remembering the overall revenue of the producers.
Revenue generated by the global HVDC transmission system market is estimated to reach more than US$ 6,000 Mn by 2016, witnessing an increase of 7.7% over 2015. VSC technology is estimated to hold the largest value share among the different technologies used in HVDC transmission systems.
Future Market Insights forecasts the global HVDC transmission system market to register an 8.8% CAGR during the projected period 2016-2026, and reach nearly US$ 14,400 Mn in revenues by 2026 end.
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