High Voltage Direct Current (HVDC) Transmission - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global High Voltage Direct Current (HVDC) Transmission market is accounted for $7.66 billion in 2017 and is expected to reach $16.25 billion by 2026 growing at a CAGR of 8.7% during the forecast period. Steady government strategies and activities for HVDC transmission and difficulties with atomic and non-renewable energy source encouraged power plants are impacting the market growth. However, stunning expense of Installing HVDC Transmission Systems is restricting the market growth.
A high-voltage, direct flow (HVDC) electric power transmission framework (additionally called a power superhighway or an electrical superhighway) utilizes direct flow for the mass transmission of electrical power, conversely with the more typical exchanging flow (AC) frameworks. For long-remove transmission, HVDC frameworks might be more affordable and endure lower electrical misfortunes. For submerged power links, HVDC maintains a strategic distance from the substantial flows required to charge and release the link capacitance each cycle. For shorter separations, the greater expense of DC transformation gear contrasted with an AC framework may even now be advocated, because of different advantages of direct current connections. HVDC utilizes voltages between 100 kV and 1,500 kV.
Amongst Application, Infeed Urban Areas segment accounted for the significant market share in the global market due to it is perfect for bolstering power into thickly populated urban areas, where the thickness of required overhead wires could cause noteworthy obstacles. Regardless of being progressively costly, underground electrical cables usage is expanding in urban territories.
By geography, Asia Pacific acquired the largest market share in the global market owing to improvement of intensity foundation in this district offers numerous development open doors for market players. China is putting energetically in sustainable power source and executing most recent UHVDC innovation for power transmission.
Some of the key players in the global High Voltage Direct Current (HVDC) Transmission market include Prysmian Group, C-Epri Electric Power Engineering, NR Electric, NKT A/S, Nexans, Mitsubishi Electric, Hitachi, General Electric, Siemens, ABB, PSC Group, Aecom, Epcos, Toshiba and Schneider Electric.
Project Types Covered:
• Multi-Terminal Systems
• Back-To-Back Stations
• Point-To-Point Transmission
Voltage Rating Types:
• 200 KV
• 500 KV
• 640 KV
• Transmission Cables
• Converter Stations
• Overhead Cables
• Other Components
• Underground cables
• Harmonic Filters
• Other Components
• Non Regional Project
• Regional Project
• Project- Public Policy Requirements
• Multi Driver
• Single Driver
• High-power Rating Projects
• Low power Rating Projects
• Line Commutated Converter (LCC)
• Capacitor Commutated Converter (CCC)
• Voltage Source Converter
• Other Technologies
• Infeed Urban Areas
• Interconnecting Grids
• Bulk Power Transmission
• Other Applications
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
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- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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