HVDC Converter Market Growth between 2022 to 2028: Top Key Players Mitsubishi, NR Electric, Siemens, Toshiba, XJ Electric and Others

The ˜Global HVDC converter Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the HVDC converter market with detailed market segmentation by voltage, power rating, configuration, and converter. The global HVDC converter market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HVDC converter market players and offers key trends and opportunities in the market.

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The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the HVDC converter market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.

Top Key Players:- ABB, C-EPRI, china Xian XD power system, C-EPRi Power engineering company, General Electric, Mitsubishi, NR Electric, Siemens, Toshiba, XJ Electric

High voltage direct current (HVDC) technology is one of the catalysts driving the transformation of the electricity market. The increasing cross border power transmission activities are expected to pave a way for the development of HVDC systems, which, in turn, is likely to drive the HVDC converter station market. Also, growth in the renewable energy sector is also expected to drive the market during the forecast period as there is a significant rise in renewable energy generation capacity (onshore and offshore), supported by the government's objectives. However, the implementation of the distributed and off-grid power systems is reducing the demand for HVDC transmission lines. Therefore, the growing demand for these power plants is expected to restrain the market during the forecast period.

An HVDC converter converts electric power from high voltage alternating current (AC) to high-voltage direct current (HVDC), or vice versa. HVDC is used as an alternative to AC for transmitting electrical energy over long distances or between AC power systems of different frequencies. HVDC converters capable of converting up to two gigawatts (GW) and with voltage ratings of up to 900 kilovolts (kV) have been built, and even higher ratings are technically feasible. A complete converter station may contain several such converters in series and/or parallel to achieve total system DC voltage ratings of up to 1,100 kV.

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Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global HVDC Converter market
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the HVDC Converter market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The HVDC converter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the HVDC converter market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the HVDC converter market in these regions.

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Table of Contents:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. HVDC Converter Market Landscape

5. HVDC Converter Market - Key Market Dynamics

6. HVDC Converter Market - Global Market Analysis

7. HVDC Converter Market - Revenue and Forecasts to 2028 - Segmentation

8. HVDC Converter Market Revenue and Forecasts to 2028 - Geographical Analysis

9. Industry Landscape

10. HVDC Converter Market, Key Company Profiles

11. Appendix

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This release was published on openPR.