Press release
Global High Voltage Direct Current (HVDC) Transmission Systems Market Become Dominant At CAGR Of 15.58% By 2021
Power is mainly generated, distributed, and consumed as AC. However, in power generation techniques, such as offshore wind farms and hydroelectricity, using AC system and lines for transmission of power over long distances of more than 600 km becomes uneconomical. This is due to the high-power losses and increasing costs of overhead lines. The increasing demand for power for commercial and residential use and the need to address the problem regarding power shortage have resulted in the supply of high voltage current from power generating sources to the destination. Thus, HVDC systems are being adopted, as these are economical owing to reduced power loss and overall cost for large distance transmission compared with AC lines. The high voltage transmission of electricity in the form of DC over a long distance by means of underground cables, overhead transmission line or grid interconnection is the HVDC transmission system.
Technavios analysts forecast the global high voltage direct current (HVDC) transmission systems market to grow at a CAGR of 15.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global high voltage direct current (HVDC) transmission systems market for 2017-2021. To calculate the market size, the report considers the revenue generation through new installation of HVDC lines and services.
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global High Voltage Direct Current (HVDC) Transmission Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
GE Grid Solutions
Hitachi
Mitsubishi Electric Corporation
Siemens AG
Other prominent vendors
Nexans
NKT
Toshiba
NR Electric
Prysmian Group
American Semiconductor
TransGrid Solutions
HVDC Technologies
ATCO Electric
LSIS
Market driver
Optimal solution for long distance transmission
For a full, detailed list, view our report
Market challenge
High capital investments needed for installation of HVDC substation
For a full, detailed list, view our report
Market trend
Emerging hybrid HVDC circuit breaker
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Financial assessment: Cost-benefit analysis
Five forces analysis
PART 06: Market segmentation by power rating
Market overview
Global HVDC transmission systems market by power rating up to 500 MW
Global HVDC transmission systems market by power rating between 501 MW and 2,000 MW
Global HVDC transmission systems market by power rating above 2,001 MW
PART 07: Market segmentation by components
Market overview
Global HVDC transmission systems market in substations
Global HVDC transmission systems market in underground cables
Global HVDC transmission systems market in overhead cables
PART 08: Geographical segmentation
Market overview
HVDC transmission systems market in EMEA
HVDC transmission systems market in APAC
HVDC transmission systems market in Americas
PART 09: Decision framework
PART 10: Drivers and challenges
Market drivers
Market challenges
PART 11: Market trends
Emerging hybrid HVDC circuit breaker
Technological advances in HVDC transmission system
Shift toward offshore renewable energy generation
PART 12: Vendor landscape
Competition overview
Other prominent vendors
PART 13: Key vendor analysis
ABB
GE Grid Solutions
Hitachi
Mitsubishi Electric Corporation
Siemens
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