HVDC transmission systems are expected to improve the grid connectivity with asynchronous grid that will draw power from various sources. The global power industry is planning to invest in renewable sources as renewable sector has high demands from all across the world. HVDC transmission systems will help the power grid to have access to power generated from offshore wind source. The HVDC Transmission process, by technology, is segmented as low commutated converters and high source converter. By deploying HVDC cables in the power transmission systems, the underground cable project for smart cities will be fulfilled.
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HVDC transmission market is expected to majorly benefit in the coming years due to expanding infrastructure in offshore region around the world, increasing power connections from the developing countries such as India, Japan, and China, and expansion of transmission and distribution systems. HVDC transmission systems market is expected to be dominated by LCC systems on technology segment, by offshore on application segment, and by multi-terminal on configuration segment and by Asia Pacific on region segment.
The key players of global HVDC transmission market are Seimens AG (Germany), Hitachi (Japan), ABB (Switzerland), Schneider Electric (France), Toshiba (Japan), Alstom (France), and General Electric (U.S.). DATC (U.S), Mitsubishi (Japan), NKT Holdings (Denmark), Adani (India), Nexans (France), Prysmian Group (Italy), and C-EPRI Electric Power Engineering Co., Ltd (China) are among others.
Global HVDC transmission market has been segmented on the basis of technology, application, configuration, and voltage rating and region.
Based on technology, HVDC transmission market is categorized as Low Commuted Converter (LCC) and Voltage Sourced Converter (VSC).
On the basis of application, the market is further segmented into underground cables, asynchronous grids and offshore cables. HVDC cables are used to connect power generated from offshore renewable sources to onshore grid connection, such as the offshore wind.
Based on configuration, the market is segmented into mono-polar, bi-polar, back-to-back, and multi-terminal links.
By region, the market is segmented into the regions of North America, Europe, Asia- Pacific, and Rest of the World.
List Of Tables
Table 1 Global HVDC Transmission Market: By Region, 2018-2023
Table 2 North America HVDC Transmission Market: By Country, 2018-2023
Table 3 Europe HVDC Transmission Market: By Country, 2018-2023
Table 4 Asia-Pacific HVDC Transmission Market: By Country, 2018-2023
Table 5 Row HVDC Transmission Market: By Country, 2018-2023
Table 6 Global HVDC Transmission Market, By Technology Type, By Regions, 2018-2023
Table 7 North America HVDC Transmission Market, By Technology Type, By Country, 2018-2023
Table 8 Europe HVDC Transmission Market, By Resin Type, By Country, 2018-2023
Table 9 Asia-Pacific HVDC Transmission Market By Technology Type, By Country, 2018-2023
Table 10 Row HVDC Transmission Market By Technology Type, By Country, 2018-2023
Table 11 Global HVDC Transmission Market By Application Market: By Regions, 2018-2023
Table 12 North America HVDC Transmission Market By Application: By Country, 2018-2023
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