HVDC transmission Market 2028 by Types, Application, Technology, Opportunities, End Users and Regions | The Insight Partners

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HVDC transmission Market Forecast to 2028 - Global Analysis - by Component (Converter Stations, Transmission Cables); Project Type (Point-To-Point Transmission); Technology (Capacitor Commutated Converter, Voltage Source Converter, Line Commutated Converter); Application (Bulk Power Transmission, Interconnecting Grids, Infeed Urban Areas)

The high voltage direct current HVDC stands for high voltage direct current transmission is the transmission of electricity over long distances in the form of DC utilizing submarine cables or overhead transmission line. HVDC is often known as electrical superhighway or power super highway.

MARKET DYNAMICS:

The HVDC transmission market is heavily influenced by driving factors such as optimal solution for long distance transmission, growing demand for VSC technology and focus towards renewable energy sources, supportive government policies and initiatives for HVDC transmission and challenges with nuclear and fossil fuel-fed power plants boosts the market growth. However high cost of installing HVDC transmission systems and circuit breakers is impacting negatively on the growth of this market in the current market scenario.

The List of Companies:

1.ABB

2.C-EPRI Electric Power Engineering Co., Ltd

3.GENERAL ELECTRIC

4.Hitachi, Ltd

5.Mitsubishi Electric Corporation

6.NEXANS

7.NR Electric Co., Ltd

8.PSC Group, LL

9.Siemens

10.TransGrid Solutions

MARKET SEGMENTATION:

The global HVDC transmission market is segmented on the basis of component, project type, technology and application. Based on component type the market is segmented as converter stations and transmission cables. Further the converter stations is segmented as valves, thyristor valves, transformers, harmonic filters, circuit breakers and reactors. On the basis of project type the market is segmented as point-to-point transmission, back-to-back stations and multi-terminal systems. On the basis of technology the market is segmented as capacitor commutated converter (CCC), voltage source converter (VSC) and line commutated converter (LCC).Further the point-to-point transmission is segmented as monopolar and bipolar. Based on application the market is segmented as bulk power transmission, interconnecting grids and infeed urban areas.

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