Press release
HVDC Converter Station Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2025
The HVDC Converter Station Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the HVDC Converter Station market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the HVDC Converter Station market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the HVDC Converter Station market.The HVDC converter station market is expected to record a CAGR of more than 9.05% during the forecast period of 2020 - 2025.
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Top Leading Companies of HVDC Converter Station Market are - ABB Ltd, Siemens AG, Bharat Heavy Electricals Limited, GE Grid Solutions LLC, XJ Group Corporation, Mitsubishi Electric Corporation, Toshiba Corporation, Prysmian Group, C-EPRI Electric Power Engineering Co. Ltd and others.
Key Market Trends:
Line Commutated Converter (LCC) Segment is Expected to Dominate the Market
- The line commutated converter (LCC) segment is expected to dominate the HVDC converter station market due to its lower cost and higher reliability compared to the voltage source converter (VSC).
- LCC uses thyristor, which converts AC to DC current. The thyristor is a silicon-based power semiconductor device, which is the heart of the converter station. Also, the LCC converter for HVDC is also considered as a current-source converter due to the unidirectional flow of current.
Europe is Expected to Dominate the Market
- Europe is expected to dominate the HVDC converter station market due to its increasing power demand and an increasing number of offshore wind farms during the forecast period.
- Factors such as early and rapid adoption of advanced technologies and high investment made in the research and development field are expected to boost the market growth for HVDC converter stations in Europe.
- The energy transition continues to be an integral part of Germany’s energy landscape with ambitious goals to cut CO2 emissions by 80% and increase the share of renewable energy in total energy consumption to 60%, and 80% of electricity generated from renewable sources, by 2050.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- HVDC Converter Station Market Size & Analysis (2016 - 2026)
- Market Share Analysis of HVDC Converter Station Market (%),2016 - 2026
- HVDC Converter Station Market Share, By Brand
- HVDC Converter Station Market Share, By Company
- HVDC Converter Station Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies HVDC Converter Station Market Value Analysis & Forecast
- Promising HVDC Converter Station Development by Major Companies
- Detailed HVDC Converter Station Portfolio of the Major Companies
- Major Deals in the HVDC Converter Station Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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