High-voltage direct current (HVDC) Transmission Market Analysis Research 2017 is a premium report explores HVDC Transmission Market Size, Share, Growth, Potential, Opportunity and Company analysis to 2023. HVDC Transmission Market particularly focusing on HVDC Transmission Demand, Market Drivers, Challenges, Major trends, and value chain Analysis. Global HVDC Transmission Market set to hit $11.52 billion by 2023 at a CAGR of 7.31% by 2023.
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Study expands HVDC Transmission Market by Component (Convertor Stations, Transmission Cables, and Others), Technology (CCC, VSC, LCC, and UHVDC), Project Type, Power Rating, Application, and Geography - Global Forecast to 2023.
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Global Key HVDC Transmission Market Companies Mentioned In Report: ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric Co. (US), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Nexans SA (France), Hitachi Ltd.
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(Japan), NKT A/S (Denmark), Prysmian Group (Italy), NR Electric Co., Ltd. (China), Sumitomo Electric industries, Ltd. (Japan), C-EPRI Electric Power Engineering Co., Ltd. (China), American Superconductor Corp. (US), and Schneider Electric (France).
The market growth can be attributed to several factors such as integration of voltage sourced converter (VSC) technology across grids to enable system security, liberalization in the energy policies in Europe, and decommissioning of nuclear and coal power plants.
The bipolar configurations in the point-to-point project type are increasing being adopted in Asia Pacific (APAC) due to their reliability in carrying high power loads. The point-to-point project type is likely to be used in future transmission and distribution systems.
Moreover, the point-to-point project type is used if high power energy is required or lower load rejection power makes it necessary to split the capacity between the two poles.
The increasing demand for cost-effective solutions for long distance power transmission acts as driving force for the growth of the HVDC transmission market. APAC is considered to be the fastest growing market due to the high development in power transmission networks and the various initiatives taken by the government to integrate wind energy in power grids to ensure clean energy generation.
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The countries considered in APAC are China, Japan, India, Australia, and Rest of APAC. APAC holds the largest share of the HVDC transmission market as there is strong support for HVDC transmission development from the governments of China and India.
In this report, various segments such as component, technology, project type, power rating, application, and geography have been covered. Moreover, the report discusses the drivers, restraints, opportunities, and challenges of the HVDC transmission market.
Furthermore, the report provides a detailed view of the market across four main regions, namely, the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW). A competitive analysis section has been included in the report, which provides the details of the visionary leaders, innovators, dynamic, and emerging players in the HVDC transmission market.
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