Press release
HVDC Transmission Market to reach USD 17.47 Bn by 2029, emerging at a CAGR of 6.9 percent and forecast 2023-2029
HVDC Transmission Market
The report utilizes a rigorous research methodology to compile comprehensive insights. It profiles key players across different regions and considers market leaders, followers, and newcomers, providing valuable data for investors and stakeholders. Additionally, the report evaluates the manufacturing environments in various regions, emphasizing their impact on manufacturing costs, supply chains, raw material availability, labor costs, and trusted vendors. Recommendations for future hotspots in five regions are also provided.
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HVDC Transmission Market Dynamics:
Rising global electricity consumption driven by population growth and increased use of electric devices is a major driver of the HVDC transmission market. The transition to cleaner energy technologies and reduced CO2 emissions further contributes to the growth. In particular, the demand for cable-based transmission, which offers enhanced safety compared to overhead lines, is on the rise. HVDC transmission's lower transmission losses, efficient use of space, and potential to enhance alternative current power systems make it a compelling choice.
HVDC Transmission Market Regional Insights:
The global HVDC transmission market benefits from factors such as fast urbanization, government reforms, and increasing electricity demand, particularly in Asia-Pacific (APAC) and other emerging economies. Offshore wind farms moving farther from shorelines to improve aesthetics drive the adoption of HVDC networks. Additionally, governments worldwide investing in electricity infrastructure development to offer low-cost, clean energy have spurred demand for HVDC transmissions in remote areas.
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HVDC Transmission Market Segmentation:
by Component
Converter Stations
Transmission Cables
Others
by Project Type
Point-To-Point Transmission
Back-To-Back Stations
Multi-Terminal Systems
HVDC Transmission Market Key Players:
1. ABB
2. Siemens
3. General Electric
4. Hitachi
5. Mitsubishi Electric
6. Nexans
7. NKT A/S
8. NR Electric
9. C-Epri Electric Power Engineering
10.Prysmian Group
11.Schneider Electric
12.Toshiba
13.Epcos
14.Aecom
15.PSC Group
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Table of content for the HVDC Transmission Marketincludes:
Global HVDC Transmission Market: Research Methodology
Global HVDC Transmission Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global HVDC Transmission Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, SizeandForecast by different segment | 20232029
Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation A detailed analysis by growth and trend
Competitive Landscape Profiles of selected key players by region from a strategic perspective
Competitive landscape Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTERs analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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