Press release
HVDC Transmission Market Development Strategy, Future Plans Analysis 2018 | Top Key Player: Seimens AG , Hitachi , ABB , Schneider Electric , Toshiba , Alstom , | Industry Growth Analysis Forecast to 2023
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.
To upgrade the technological aspects of transmission of power, High Voltage Direct Current (HVDC) transmission system can be used, as they are feasible over conventional High Voltage Alternate Current transmission system. For instance, HVDC transmission lines for 800 kV long line counts only 3% loss per 1000 km while HVAC transmission lines count 7% loss for the same parameters. With rising demand for electricity transmission system, the HVDC transmission cables are expected to benefited as they have the advantage of transmission of electricity from off-shore wind farms. Until the end of 2017, total wind electricity generation remained above 50 GW, out of which offshore wind farms generated around 18.18 GW.
Industry Top key Players:-
• Seimens AG
• Hitachi
• ABB
• Schneider Electric
• Toshiba
• Alstom
• General Electric
• DATC
• Mitsubishi
• NKT Holdings
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Scope of the Report:-
This report provides an in-depth analysis of the global HVDC Transmission market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC), Middle East, Africa and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the HVDC Transmission market by its technology type, application type, by configuration type, by voltage rating type and by region.
By Technology Type
• LCC
• VSC
By Application Type
• Underground
• Asynchronous grid
• Offshore
By Configuration
• Monopolar
• Bipolar
• Multi-terminal
• Back-to-back
By Voltage Rating
• Less than 350 kV
• 350-640 kV
• 640-800 kV
• More than 800 kV
By Regions
• North America
• Asia Pacific
• Middle East and Africa
• Europe
• Rest of the World
Browse Complete Report @ https://www.marketresearchfuture.com/reports/hvdc-transmission-market-6027
Global HVDC Transmission Market:-
The growth of global HVDC transmission market is encouraged by the growing demand for electrical power from offshore wind farms. As the traditional transmission system has become obsolete and out dated, the HVDC transmission systems help in better transmission systems than conventional AC systems, and reduce losses in transmitting electricity. Other than this, HVDC transmission significantly help fetch power from the offshore power sources. With the trend of smart cities, conventional overhead transmission cables are expected to be replaced with HVDC Underground transmission cables. Installation of HVDC transmission cables will further compensate the transmission of electricity, internationally, by asynchronous grid systems.
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