Global HVDC Converter Station Market Growth Report 2021: Healthy 7.1% CAGR Rate, Rising Number of Renewable Energy Generation Plants Are Positively Impetus On Market Demand
An HVDC converter station is usually used for the conversion of electricity from renewable energy, with fewer energy losses by converting AC to DC. Factors such as reducing fossil fuels and increasing carbon emissions have facilitated the growth of offshore wind farms that need HVDC converter station for connecting farms to the grid.
The HVDC Converter Station Market Study by StraitsResearch gives a vital tool and source to Industry stakeholders to figure out the market and other important technicalities, covering growth, market current and future opportunities, competitive scenarios, and top key trends in the HVDC Converter Station market.
HVDC transmission systems are used in the undersea and underground cables, AC networks interconnections, and interconnecting asynchronous systems to provide better voltage regulation.
The new updated report by Straits Research titled, ‘Global HVDC Converter Station Market Report and Forecast 2021-2029’, gives an in-depth analysis of the global HVDC Converter Station market, evaluating the market based on its segments such as type, distribution channels, and major regions and company profiles.
the market is expected to register a CAGR of 7.1% during the forecast period and attain a value of USD 15.29 billion by 2026.
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The report tracks the latest upcoming trends in the industry and studies their positive impact on the overall market. It also evaluates the industry dynamics, covering the key demand, technology advancement, top industry drivers and price indicators, along with analysing the global industry based on the market segments, SWOT and Porter’s Five Forces models.
The bipolar segment is expected to grab the largest share in the market. The bipolar system provides a high degree of flexibility concerning operation with reduced capacity within contingencies or maintenance.
Impacts of COVID-19 on this Market: -
The on-going Covid-19 pandemic has overhauled numerous facets of the market. This industry research report offered financial impacts and market disturbance in the HVDC Converter Station market. It also contains an analysis of the potentially profitable industry opportunities and key challenges in the predictable future. They interviewed numerous delegates of the industry and got involved in the primary and secondary research to discuss the clients with information and strategies to fight against the market challenges amongst and after the COVID-19 pandemic.
Major companies contributing in the global HVDC Converter Station market are Siemens (Germany), General Electric (US), ABB Ltd. (Switzerland), Bharat Heavy Electricals Ltd. (India), Alstom (France), Crompton Greaves Ltd. (India), Nissin Electric Co Ltd (Japan), Toshiba Corporation (Japan), and Hitachi Ltd. (Japan)
The global HVDC Converter Station market has been spread across North America, Europe, Asia-Pacific, the Middle East and Africa, and the Rest of the World.
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Market Segmentation of HVDC Converter Station Market:-
On The Basis of Types: - Monopolar, Bipolar,Back-to-Back, Multi-Terminal
On The Basis of Voltage: - 1,000 kV
On The Basis of Converter Type: - Line Commutated Current Sourced Converters (LCC), Voltage Source Converters
On The Basis of Application: - Power Industry, Powering Island and Remote Loads , Interconnecting Networks, Oil & Gas, Other
Industry Drivers and Risks:-
The report pays special attention to factors which underwrite to the Insurance HVDC Converter Station Market growth also called as market drivers. Any variations in these market dynamics directly affect the market growth hence the report offered a future insight into important key factors that should be observed and which could be leveraged by companies, vendors, industry distributors and all stakeholders alike to their advantage. The report also offers an insight into the key challenges faced by the market and the strategies used by existing industry players to overcome or avoid these risks.
Benefits of Purchasing HVDC Converter Station Research Report: -
Client satisfaction: The team at HVDC Converter Station will assist with all research necessities and provides customized or syndicate industry report
Inimitable Expertise: Analysts will provide in-depth insights into the global Market Analysts Support: Get instant query fixed by the specialist’s pre and post-purchase of the HVDC Converter Station Market report
Assured Quality: insight slice maintains the accuracy and quality of the Market
Click Here to Access the Full Report @ https://straitsresearch.com/report/hvdc-converter-station-market
Important Questions Answered in the HVDC Converter Station Industry Report:-
Which end user segment is anticipated to create profitable development
opportunities globally for the market?
How is the market probable to evolve in the
What are the upcoming key trends and industry opportunities likely
to triumph the market in the future?
What innovative strategies are adopted by HVDC Converter Station
market top vendors to stay forward of the pack?
Which region is estimated to be the most lucrative
region for the market globally?
What are the key restraints affecting the development of the
global HVDC Converter Station?
Tactical Key Points Covered in Table of Content of HVDC Converter Station Market:-
Chapter 1: Basic Introduction, industry key driving force product Objective of Study and Research Scope HVDC Converter Station
Chapter 2: Exclusive Summary – the basic information of Market.
Chapter 3: Displaying the Market Dynamics- Key Drivers, Industry Trends
Chapter 4: Presenting Market Factor Analysis Porters Five Forces, Supply Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the Report Segmentation and Region
Chapter 6: Evaluating the leading industry manufacturers of Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To estimate the market by segments, by countries and by vendors with revenue share and sales by key countries in these numerous regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Click Here to Access the Toc of HVDC Converter Station Market Report @ https://straitsresearch.com/report/hvdc-converter-station-market/toc
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Global HVDC Converter Station Market Size 2021 | Increasing Number of Offshore Wind Farms, Customized Section, Future Demand And Regional Outlook By 2029 | Siemens (Germany), General Electric (US), ABB Ltd. (Switzerland)
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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