The new report “Global
HVDC Transmission Market” accounted to USD 6.5 billion in 2016 growing at a
CAGR of 7.2% during the forecast period of 2017 to 2024. The upcoming market
report contains data for historic years 2015, the base year of calculation is
2016 and the forecast period is 2017 to 2024.
Global HVDC
Transmission Market, By Components (Converters, Cables, Harmonics Filters,
Converter Transformers) By Type (Submarine HVDC Cable System, HVDC Overhead
Transmission System ) By Power rating (Below 500 MW, 501–1000 MW, 1001–1500 MW,
1501–2000 MW, Above 2001 MW) By Geography (North America, Europe, Asia-Pacific,
Europe, South America, Middle East and Africa) – Industry Trends and Forecast
to 2024
This report consists of below pages:
·
No of pages: 350
·
No of Figures: 60
·
No of Tables: 220
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Global HVDC Transmission Market
Definition:
A high-voltage,
direct current (HVDC) electric power transmission uses direct current for the
bulk transmission of electrical power, in contrast with the more common
alternating current (AC) systems. For long-distance transmission, HVDC systems
are preferred because they are less expensive and suffer lower electrical
losses. The current market trends in the market for HVDC transmission are the
reduction of fossil fuel, used in the modern renewable energy transmission.
Furthermore the transmission for long distance is more suitable and also
reduces the transmission loss and this system allows the asynchronous
interconnection of networks that operate at different frequencies or are
otherwise incompatible which will drive the growth of market.
Major Market Drivers and Restraints:
·
Cost Effective for Long
Distance Transmission
·
Concerns Regarding Fossil Fuel
Power Plants Rising The Need For Remote Hydro/Wind Plants
·
Growing Popularity of Offshore
Wind Farms
·
Not Economical for short
distance
·
Required huge amount of cost
·
Complexity of Multi-Terminal
Systems
Global
HVDC Transmission Market Segmentation:
·
On the basis of type the HVDC Transmission Market is segmented
into Submarine HVDC Cable System, HVDC Overhead Transmission System. The HVDC
overhead transmission system market is expected to grow in the forecasted
period.
·
On the basis of components the HVDC Transmission Market is
segmented into Converters, Cables, Harmonics Filters, and Converter
Transformers. The converters market is
expected to grow in the forecasted period.
·
On the basis of power rating the HVDC Transmission Market is
segmented into Below 500 MW, 501–1000 MW, 1001–1500 MW, 1501–2000 MW, Above
2001 MW. The 501-1000 MW market is
expected to grow in the forecasted period.
·
On the basis of geography, HVDC Transmission Market report
covers data points for 28 countries across multiple geographies such as North
America & South America, Europe, Asia-Pacific, and Middle East &
Africa. Some of the major countries covered in this report are U.S., Canada,
Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India,
South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and
Brazil among others. In 2017, North America is expected to dominate the market.
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Global HVDC Transmission Market
Competitive Analysis:
HVDC Transmission Market is
highly fragmented and is based on new product launches and clinical results of
products. Hence the major players have used various strategies such as new
product launches, clinical trials, market initiatives, high expense on research
and development, agreements, joint ventures, partnerships, acquisitions, and
others to increase their footprints in this market. The report includes market
shares of flow cytometry market for global, Europe, North America, Asia Pacific
and South America.
Global HVDC Transmission Market Major
Market Competitors:
Some of the major players
operating in HVDC Transmission Market are ABB Ltd.,
Siemens Ag, General Electric, Toshiba Corporation, Mitsubishi Electric
Corporation, Nexans Sa, Nkt A/S, Hitachi Ltd., Schneider Electric, Nr Electric
Co., Ltd., Prysmian Group, C-Epri Electric Power Engineering Co., Ltd, American Superconductor Corp., Transgrid Solutions Inc., Atco Electric Ltd., Double Engineering
Company, Hvdc Technologies Ltd., Eltek,
Ls Industrial Systems, Origin Electric Co. Ltd. among others. In 2017, ABB
latest development in high voltage direct current (HVDC) Light, making it
possible to reliably transmit large amounts of electricity over ever greater
distances, economically and efficiently.
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