HVDC Market Estimated to Flourish by 2027 – Lead by General Electric, Mitsubishi Electric, NEXANS, NKT A/S, NR Electric, Prysmian Group, Siemens AG and Toshiba

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Worldwide HVDC Market Analysis to 2027 is a specialized and in-depth study of the HVDC Industry with a focus on the global market trend. The report aims to provide an overview of global HVDC Market with detailed market segmentation by product/application and geography. The global HVDC Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the HVDC players and offers key trends and opportunities in the market.

HVDC Transmission (high-voltage, direct current) is a power transmission system in which DC (Direct Current) is used for bulk transmission of electrical power. HDVC transmission is very useful for long distance transmission as it is a cheaper way and have less electrical losses. The power flow in HVDC transmission can be controlled independently of the phase angle between source and load and can stabilize disturbance in the network.

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Top Leading Market Players:

1. ABB Ltd.
2. C-EPRI Electric Power Engineering Co., Ltd.
3. General Electric
4. Mitsubishi Electric
5. NEXANS
6. NKT A/S
7. NR Electric Co., Ltd.
8. Prysmian Group
9. Siemens AG
10. Toshiba Corporation

The HVDC transmission market is anticipated to grow in the forecast period owing to driving factors such as increasing demand for VSC technology, supportive government initiatives for HVDC transmission, however, the higher cost of installation of HDVC transmission systems is the primary factor that might hinder the growth of HVDC transmission market. The increasing demand for integrated networks is creating demand for the companies operating in the HVDC transmission market.

The global HVDC transmission market is segmented on the basis of component, project type, and technology. Based component, the market is segmented as converter stations, transmission cables, others. On the basis of the project type the market is segmented as point-to-point, and back-to-back, multi-terminal. On the basis of technology the market is divided into capacitor commutated converter, voltage source converter, and line commutated converter.

Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global HVDC Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

The HVDC Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

The HVDC Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.

The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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What our report offers:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global HVDC Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the HVDC, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.