openPR Logo
Press release

Future of Global HVDC Converters Market | Top Key Players - ABB, Toshiba, Mitsubishi Electric, C-EPRI, Siemens, General Electric, CG Power, Bharat Heavy Electricals

04-14-2020 11:34 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Future of Global HVDC Converters Market | Top Key Players - ABB,

Meanwhile, notable players such as ABB, Toshiba, Mitsubishi Electric, C-EPRI, Siemens, General Electric, CG Power, Bharat Heavy Electricals, and Industrial Solutions might help augment global HVDC convertor market size over the forecast period.

The global HVDC converter market size may exceed USD 13 billion by 2025.

Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/4015

Ongoing initiatives to renovate and modernize existing grid infrastructures is expected to boost HVDC converter market size. Lately, there have been numerous programs aimed at developing inter-regional & cross border electrical networks. For instance, in 2015, the European Commission (EC) announced goals to achieve at least 15% of interconnection from the generation capacity by 2030.

Implementation of energy efficiency norms backed by rapid integration of clean energy may stimulate product demand. Efforts to reduce energy loss across existing transmission and distribution lines is expected to further aid market growth in the coming years.

Make an inquiry for purchasing this report @ https://www.decresearch.com/inquiry-before-buying/4015

A sizable part of this growth can be recorded from the 500 kV HVDC converter industry. According to reports, in 2018, the market was valued over USD 1 billion. Initiatives taken by numerous regions to install and integrate renewable energy plants may complement product demand. Active interconnection with energy grids would support market growth. In 2017, France and Ireland had made a similar development when its regulators spend over USD 1 billion for the development of HVDC interconnection link.

As per reports, the ability to efficiently distribute large amount of electricity may fuel the demand for of bipolar HVDC converters. Favorable regulations focused towards development of efficient power distribution infrastructure may drive product demand. Bipolar HVDC converters can efficiently distribute large amount of electrical power across supply lines. It can operate as a monopolar link in case when a fault occurs on a line. With higher operation efficiency being one of its key features, the bipolar HVDC converter market may register sizable growth in the forthcoming years.

Increasing investment towards the extension of large scale grid infrastructures is anticipated to drive the LCC HVDC converter market. Its distinctive ability to move significant amount of electricity over long distances has encourage product adoption. Moreover, its extensive overload and black start capabilities makes LCC HVDC converters a preferred option over its counterparts.

Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Future of Global HVDC Converters Market | Top Key Players - ABB, Toshiba, Mitsubishi Electric, C-EPRI, Siemens, General Electric, CG Power, Bharat Heavy Electricals here

News-ID: 2010708 • Views: 511

More Releases from Global Market Insights, Inc.

Strontium Market to see 6% CAGR till 2024 | Solvay, BassTech, Prochem, Chemalloy …
Global Market Insights, Inc. says that strontium market will reach USD 650 million by 2025. However, strong government regulations regarding air pollution may hinder market growth over the forecast timeframe. Based on product segment, the strontium carbonate segment was reported to hold over 55% of the total market share in 2017. The product is extensively used in the production of flares and fireworks. Strontium carbonate is a tasteless and odorless white
Silver nanoparticles market to grow at 12% CAGR till 2024 | Top Vendors are Amer …
Rising preference for packaged food and proliferating demand for ready-to-eat products will drive the industry expansion. It is estimated that the food & beverage application segment will contribute over USD 300 million towards silver nanoparticles market share by 2024. With metal nanoparticles setting the trend in a slew of consumer goods, such as textiles, food, pastes and soaps, silver nanoparticles have gained popularity owing to its chemical, physical and biological attributes.
COVID-19 to Impact Demand Growth of Erdosteine Market | Top Key Players are Reci …
Global Market Insights, Inc. says that the erdosteine market could surpass USD 160 million by 2025. Driven by growing occurrences of common respiratory issues like cold, bronchitis, and cough, the global erdosteine market is estimated to observe significant profits through 2025. Erdosteine has a broad range of applications in the production of drugs to ameliorate and control the symptoms that arise due to excessive mucus production, which is likely to
Hydrophobing Agents Market to gain significant revenue by 2026
Global Market Insights, Inc says that Global Hydrophobing agents market share to cross USD 1.6 billion by 2026. Driven by increasing dispersion in the construction and buildings sector, the hydrophobing agents market is projected to witness massive gains through 2026. Apart from the construction sector, the use of these chemicals in personal care industries would push its demand over the forthcoming years. The hydrophobing agents are occlusive in nature, blocking lacerations

All 5 Releases


More Releases for HVDC

HVDC Transmission System Market 2026 |
Research Report Insights offers a 10-year forecast for global HVDC transmission system market between 2016 and 2026. In terms of value, market is expected to register a CAGR of 8.8% during forecast period. This study demonstrates the market dynamics and trends globally across 7 regions that are, North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA which influence the current nature and future status of the HVDC
Global HVDC Transmission Market Research Report 2017
lobal HVDC Transmission market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including ABB (Switzerland) Siemens (Germany) General Electric (US) Toshiba (Japan) Mitsubishi Electric (Japan) Nexans (France) NKT A/S (Denmark) Hitachi (Japan) Sumitomo Electric (Japan) Schneider Electric (France) NR Electric (China) Prysmian Group (Italy) American Superconductor (US) LS Industrial (Korea) C-EPRI Electric Power Engineering (China) To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=1224720&type=E Table of Contents Global HVDC Transmission Market Research Report 2017 1 HVDC Transmission Market Overview 1.1
Global HVDC Transmission Market Advancements to Watch Out For 2022
Orbis Research delivers key insights on the Global HVDC Transmission market in a new report titled “Global HVDC Transmission Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global HVDC Transmission Market report offers a comprehensive evaluation of the Global HVDC Transmission industry. This
Global HVDC Transmission Market 2017 - C-EPRI Electric Power, Schneider Electric …
Global HVDC Transmission Market 2017 Analysis Report audits a Market Regions, Product Categories, with Sales, Business Revenue, Goods cost, HVDC Transmission piece of the overall industry and Growth patterns, concentrating on driving HVDC Transmission industry players, showcase size, request and supply examination, utilization volume, Forecast 2017 to 2022. The major regions present in the continents like United States, Germany, Japan and China and their contribution to global HVDC Transmission market is
HVDC Converter Station Market Trends Forecast By 2024
A high voltage direct current (HVDC) converter is a distinctive type of substation used as an equipment for HVDC transmission lines. These converter stations are especially used to transmit bulk of power to long distances and for converting alternating current (AC) to direct current (DC) or vice versa. An HVDC converter station is generally used for the transmission of electricity from renewable energy sources situated at remote areas to metropolitan
HVDC Technology Market Competitive Dynamics & Global Outlook 2019
The majority of the world’s transmission systems and electrical grids have been made using alternating current. However in recent times, direct current (DC) lines are gaining significant market share in the overall integrated power grids of the world. Primarily being used are High Voltage Direct Current (HVDC) lines to transmit power over long distances. Due to the inherent nature of direct current, HVDC systems allow regional power grids to be