HVDC Transmission System Market 2019
The growth of the global HVDC transmission system markets in the coming years can be credited to factors like its optimal solutions for long distance transmission, increasing demand for VSC technology, radical shift towards utilizing renewable forms of energy, increasing supportive government policies and proactive initiatives for HVDC transmission. However, the report also outlines the exorbitant cost of installing HVDC transmission systems as the major factor that inhibits the growth of this market.
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The top manufacturers covered in this report
GE Grid Solution
The HVDC transmission system finds prominent utility in sending bulk power over long distances with considerably less power losses. This makes it valuable for overcoming the shortcomings associated with renewable energy harvesting. HDVC transmission systems promote increased efficiency owing to its low costs and stable operations. It also involves no reactive power compensation and requires lesser conductor than a HVAC system transmitting an equal amount of power.
Global HVDC Transmission System Market: Segmental Analysis
The segmental analysis of the market has been conducted based on component, technology, type and application. By component, the market has been segmented into converter stations, transmission cables and others. By technology, the market has been segmented into capacitor commutated converter (CCC) based, voltage source convertor (VSC) based and line commutated converter (LCCC) based. By type, the market has been segmented into point to point, back to back and multi-terminal. By application, the market has been segmented into bulk power transmission, interconnecting grids and infeed urban areas.
Global HVDC Transmission System Market: Regional Analysis
On the basis of region, the market has been segmented into America, Europe, Africa, Asia Pacific and RoW. The US includes North America, Central America and South America. Asia Pacific includes China, Japan and India. Australia falls under the rest of the world HVDC transmissions systems market. China is investing in bulk in the renewable energy sector and implementing the latest UHVDC technology for power transmission. India provides power capacity addition across existing power infrastructure, which has led to an increase in the demand for HVDC transmission in Asia Pacific.
Among the vast variety of project types utilizing the HVDC transmission systems, the market for multi terminal is expected to witness the highest compound annual growth. The reason for this is that multi terminal HVDC systems connect non-synchronous power systems and allow flexibility in interchanging power between 3 or more converter stations. They are one of the most economic methods to collect large amounts of renewable energies via HVDC land cables, sea cables and overhead lines. They connect the aggregated energy to the main AC system through a common DC network.
Table of Contents –Analysis of Key Points
1 HVDC Transmission System Market Overview
2 Manufacturers Profiles
3 Global HVDC Transmission System Market Competition, by Players
4 Global HVDC Transmission System Market Size by Regions
5 North America HVDC Transmission System Revenue by Countries
6 Europe HVDC Transmission System Revenue by Countries
7 Asia-Pacific HVDC Transmission System Revenue by Countries
8 South America HVDC Transmission System Revenue by Countries
9 Middle East and Africa Revenue HVDC Transmission System by Countries
10 Global HVDC Transmission System Market Segment by Type
11 Global HVDC Transmission System Market Segment by Application
12 Global HVDC Transmission System Market Size Forecast (2019-2025)
13 Research Findings and Conclusion
List of Tables and Figures
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