openPR Logo
Press release

HVDC Transmission System Market Trend 2022: Industry Upcoming Developments, Global Economics, Market Dynamics, Size, Share, Emerging Trends, Business Strategies of Top Key Players, Revenue Forecast 2031

12-20-2023 05:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Insight Services

HVDC Transmission System Market Trend 2022: Industry Upcoming

A high-voltage direct current (HVDC) transmission system is used to transmit electrical energy between two points using direct current, in contrast to the more common alternating current (AC) systems. HVDC allows power to be transmitted over long distances with minimal loss; however, it is also more expensive than AC transmission.

HVDC systems are used in a variety of applications, including interconnecting alternating current (AC) power grids, connecting offshore wind farms to the mainland grid, and providing power to remote locations.

Download Free Sample of Report - https://www.globalinsightservices.com/request-sample/GIS23687?utm_source=sidram&utm_medium=openpr&utm_campaign=20122023

Key Trends

The key trends in HVDC Transmission System technology are:

1. Increased use of voltage source converters (VSC): The trend is towards increased use of VSC-based HVDC transmission systems, as they offer many advantages over traditional line-commutated converters (LCC).

2. Increased use of underground and submarine cables: The use of underground and submarine cables for HVDC transmission is increasing, due to the many advantages they offer over overhead lines.

3. Increased use of high-voltage direct current (HVDC) in renewable energy integration: The use of HVDC transmission is growing in the renewable energy sector.

Read more about HVDC Transmission System Market Market here: https://www.globalinsightservices.com/reports/hvdc-transmission-system-market/?utm_source=sidram&utm_medium=openpr&utm_campaign=20122023

Key Drivers

There are many key drivers of the HVDC Transmission System market. Some of the key drivers are:

1. The increasing demand for electricity: With the increasing population and economic growth, the demand for electricity is also increasing. This is one of the key drivers of the HVDC Transmission System market.

2. The increasing need for energy efficiency: With the increasing awareness about the need for energy efficiency, the demand for HVDC Transmission Systems is also increasing.

Get Customized Report as Per Your Requirement - https://www.globalinsightservices.com/request-customization/GIS23687?utm_source=sidram&utm_medium=openpr&utm_campaign=20122023

Market Segments

The HVDC transmission system market is segmented by component, deployment, and region. By component, the market is classified into solutions, and services. Based on deployment, it is bifurcated into overhead, underground, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global HVDC transmission system market includes players such as ABB Ltd., Siemens AG, Toshiba Corporation, General Electric Co., Prysmian SpA, Hitachi Ltd., TransGrid Solutions Inc., Abengoa S.A., Atco Electric Ltd, NKT A/S, and others.

Purchase This Market Research Report - https://www.globalinsightservices.com/checkout/single_user/GIS23687?utm_source=sidram&utm_medium=openpr&utm_campaign=20122023

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release HVDC Transmission System Market Trend 2022: Industry Upcoming Developments, Global Economics, Market Dynamics, Size, Share, Emerging Trends, Business Strategies of Top Key Players, Revenue Forecast 2031 here

News-ID: 3334271 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

All 5 Releases


More Releases for HVDC

HVDC Capacitors Market Surges With Global Demand For Electricity: A Leading Driv …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. What Will the HVDC Capacitor Industry Market Size Be by 2025? In recent times, the HVDC capacitor market has witnessed significant expansion. The market, which was worth $5.46 billion in 2024, is projected to rise to $6.27 billion in 2025, translating to a compound annual growth rate (CAGR) of 14.8%. This growth in the
Top 10 HVDC Transmission Companies Analysis (2025)
HVDC Transmission Market study by "The Insight Partners" provides details about the market dynamics affecting the HVDC Transmission Market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. The report segments the global HVDC Transmission Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of
HVDC Transmission Market Opportunity | Size | Research Report
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- HVDC Transmission Market was valued at USD 7.93 Billion in 2019 and is projected to reach USD 13.34 Billion by 2027, growing at a CAGR of 7.25% from 2020 to 2027. HVDC Transmission Market Growth Driver The HVDC (High Voltage Direct Current) transmission market is experiencing significant growth, primarily driven by the increasing demand for efficient and reliable power transmission over long distances. HVDC technology offers numerous advantages
HVDC Valves Market Size 2024 to 2031.
Market Overview and Report Coverage The HVDC (High Voltage Direct Current) Valves Market refers to the market for components that are essential for converting alternating current (AC) to direct current (DC) in high voltage transmission systems. These valves play a crucial role in facilitating the efficient transmission of electricity over long distances with minimal losses. The future outlook for the HVDC Valves Market is quite promising, with a projected growth
HVDC Capacitor Market
Overview The HVDC Capacitor Market, with a promising CAGR, employs capacitors for efficient high-voltage direct current power transmission. Government initiatives, demand for HVDC in power transmission, and North America's increasing adoption drive market dynamics. Market Dynamics Government initiatives for HVDC systems and escalating demand for HVDC capacitors propel market growth. However, challenges like high costs and low voltage impede progress, emphasizing the need for innovation in this dynamic market. Download Sample:https://www.datamintelligence.com/download-sample/hvdc-capacitor-market Rising Demand for HVDC
HVDC Transmission System Market 2022 | Detailed Report
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the HVDC Transmission System industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The HVDC Transmission System market survey report has been prepared by conducting market research in a systematic manner. Moreover, the HVDC Transmission System report includes a