HVDC Transmission Systems Market 2020 Evolving Technology and Growth Outlook - ABB Ltd, Siemens AG, Toshiba Corporation

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on HVDC Transmission Systems production region, major players, and product type which will provide a simplified view of the HVDC Transmission Systems industry. The HVDC Transmission Systems market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in HVDC Transmission Systems market which will help the emerging market segments in making vital business decisions.

The market for HVDC transmission systems is expected to register a CAGR of approximately 11.18% during the forecast period of 2020-2025.

HVDC Transmission Systems Market Segmentation:  

This report on Global HVDC Transmission Systems market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for HVDC Transmission Systems. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

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Global HVDC Transmission Systems market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including ABB Ltd, Siemens AG, Toshiba Corporation, and General Electric Co, amongst others.

Increasing Demand for Submarine HVDC Transmission Systems

- The submarine HVDC transmission system market is likely to grow significantly on account of the development of submarine power transmission systems across the world. The submarine transmission of electricity is gaining importance on account of the increasing focus on power trading between countries.
- The HVDC submarine power transmission system is a key technology for the development of future power transmission networks. HVDC transmission is the only solution available for the transfer of high power across long subsea distances. The major purposes served by HVDC submarine transmission are to interconnect countries or islands separated by sea and to connect remote offshore platforms to main transmission grids.

Europe to Dominate the Market

- The European power generation mix is expected to change considerably in favor of renewables over the next few years, with countries, such as Germany, Spain, Belgium, and France, increasingly moving toward a low-carbon economy. The region also has several policies in place, such as the EU's renewable energy directive and national renewable energy action plans that support the transition to a low-carbon energy system.
- The energy transition continues to be an integral part of Germany’s energy landscape with ambitious goals to cut CO2 emissions by 80%, as well as increase the share of renewable energy in the total energy consumption to 60% and 80% of electricity generated from renewable sources by 2050.         

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This independent 120 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the HVDC Transmission Systems market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025.

Key Takeaways from this Report

Impact of low unit costs, diversified product ranges and intense competition on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Regional analysis of the market
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)           

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This release was published on openPR.