HVDC Transmission Market Growing Demand To Impact Revenue Share During 2017-2025

High voltage direct current (HVDC) is used in long distance transmission. HVDC power transmission systems use direct current for electricity transmission. Due to the direct current (DC), HVDC systems asynchronously connect power grids in that specific area which eliminate various outage- causing issues. High voltage direct current (HVDC) transmission systems are less expensive for long distance electricity transmission and they also produce lower electrical losses. HVDC systems enable transmission of power generated from solar panels and wind plants which are at long distances.

Read Report: https://www.transparencymarketresearch.com/hvdc-transmission-market.html

The interconnection of HVDC and the AC grid has toughened the reliability and capacity of power grids. Growing electricity consumption is one the primary factors driving the global HVDC transmission market. Population is increasing rapidly, thereby increasing the electricity consumption. More and more electrically powered devices are currently being used. To reduce fossil fuels and carbon emissions are being substituted by new technologies which also cause higher electricity consumption. Growing need for cable based transmission instead of transmission through overhead lines is the other factor responsible for the growth of the global HVDC transmission market. Overhead transmission lines are not insulated and hence the risk of human safety is high. Cable based transmission lines require insulation so that the live cables do not touch the earth and get shorted, and hence the adoption of cable based transmission lines is increasing, thereby boosting the growth of the HVDC transmission market.

Get Brochure of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=34232

Electricity transmission through such lines results in much lower transmission losses due to high voltage during transmission and the nature of direct current, and hence the adoption of high voltage direct current (HVDC) transmission is increasing significantly. Requirement of lesser space for the towers carrying HVDC transmission lines is also one of the key factors driving the global HVDC transmission market. Power faults during short circuits in the AC power system may hamper the growth of the global HVDC transmission market. The global HVDC transmission market can be segmented by components, converter type, type of cable, power rating, and geography. On the basis of components, the market can be segmented by converters, cables, transformers, and other. On the basis of converter type, the HVDC market can be segmented by voltage source converter (VSC), current source converter (CSC), line commutate converter (LCC), and ultra-high voltage direct current (UHVDC). Line commutate converter (LCC) segment is expected to expand significantly owing to the characteristics of line commutate converter to reduce power losses in HVDC transmission. In terms of type of cable, the global HVDC transmission market can be divided into underground cables, overhead conductors, and submarine cables. On the basis of power rating, the market can be segmented by below 500 MW, 501-1000 MW, 1001-1500 MW, 1501-2000 MW, and above 2001 MW.

Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=34232

Geographically, the global HVDC transmission market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Numerous companies are investing on upgrading aging infrastructure which is boosting the growth of HVDC transmission systems in American countries. In the Asia Pacific region, China and India are anticipated to be the major contributors to the growth of the regional HVDC transmission market during the forecast period owing to the increasing population, growing power consumption, and aging infrastructure. The global HVDC transmission market includes large number of players. Some of the key players are ABB Ltd., Siemens AG, American Superconductor Corp., General Electric, ATCO Electric Ltd., HVDC Technologies Ltd., Hitachi Ltd., C-Epri Electric Power Engineering Co. Ltd, Mitsubishi Electric Corporation, Epcos, Toshiba Corporation, and Transgrid Solutions, Inc.

Get Trending Report- https://www.prnewswire.com/news-releases/wire-and-cable-materials-market-to-expand-at-cagr-of-4-5-during-forecast-period-notes-tmr-study-301478838.html

Contact

Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision

This release was published on openPR.