U.S. HVDC Transmission System Market: Long-Term Value & Growth Seen Ahead

A Latest intelligence report published by Market Research Forecast with title "U.S. HVDC Transmission System Market Outlook to 2032. A detailed study accumulated to offer Latest insights about acute features of the U.S. HVDC Transmission System market. This report provides a detailed overview of key factors in the U.S. HVDC Transmission System Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

Definition: The U.S. HVDC Transmission System Market size was valued at USD 1.27 USD Billion in 2023 and is projected to reach USD 1.98 USD Billion by 2032, exhibiting a CAGR of 6.52 % during the forecast period. HVDC Transmission System refers to a direct current transmission system that is in high voltage for the transmitting of electricity over large distances at small losses. This is particularly relevant for operation of offshore or submarine cables, asynchronous interconnection of power systems, and high-voltage bulk power transmission. HVDC systems come in two types, Line Commutated Converters (LCC) and Voltage Source Converters (VSC). LCC is preferable for obtaining high power transmission and long distances, while VSC is preferred for fluctuations in renewable energy resources. The advantages of HVDC include lower transmission losses, improved stability, as well as better control over the power this allows the connection of dissimilar power grids. Application of the multi-terminal HVDC has been receiving attention in the recent past in the integration and in the expansion of the offshore wind power facilities among other aspects of the market.

SIGNIFICANT DEVELOPMENTS IN U.S. HVDC TRANSMISSION SYSTEM SECTOR:
March 2023: LS Power declared that they preferred LS Power Grid California, LLC to construct, finance, function, and maintain two new projects to assist electric dependability in California, the Metcalf - San Jose B HVDC project and the Newark- Northern Receiving Station HVDC project. CAISO organized the Metcalf project and Newark project to strengthen the electrical grid in and throughout San Jose, improve reliability, and expand access to profitable, renewable electricity.
January 2023: Nexans and SuperGrid Institute conducted a transient overvoltage test on a 525kV DC cable system in line with the modern high voltage direct current recommendations. The DC cable system, offered and installed by Nexans, proficiently passed various sequences of damped oscillating voltage tests at both 350 Hz and 6 kHz utilizing SuperGrid Institutes' high voltage testing provision.

Major Players in This Report Include: ABB (U.S.), Siemens AG (U.S.), Hitachi Ltd. (U.S.), General Electric (U.S.), Toshiba Corporation (U.S.), NKT A/S (U.S.), Prysmian Group (U.S.), Nexans (U.S.), LS Electric (U.S.), Mitsubishi Electric Corporation (U.S.).

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Global U.S. HVDC Transmission System the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Global U.S. HVDC Transmission System Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain.

The Global U.S. HVDC Transmission System Market segments and Market Data Break Down are illuminated below:
Type: High-Power Rating Projects, Low-Power Rating Projects, Application: Subsea, Underground, Overhead, Mixed, Technology: Line Commutated Converter (LCC)

Market Drivers:
Growing Focus on Safety and Organization to Fuel Market Growth

Market Trend:
Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions

Restrains:
High Initial Investment Cost to Hamper Market Growth

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Geographically World Global U.S. HVDC Transmission System markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global U.S. HVDC Transmission System markets will drive growth in the North American market over the next few years.

In the last section of the report, the companies responsible for increasing the sales in the Global U.S. HVDC Transmission System Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.

Report Highlights:
• Comprehensive overview of parent market & substitute market
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

Strategic Points Covered in Table of Content of Global U.S. HVDC Transmission System Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the U.S. HVDC Transmission System market
Chapter 2: Exclusive Summary - the basic information of the U.S. HVDC Transmission System Market.
Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the U.S. HVDC Transmission System;
Chapter 4: Presenting the U.S. HVDC Transmission System Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2019-2024
Chapter 6: Evaluating the leading manufacturers of the U.S. HVDC Transmission System market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
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Key questions answered
• Who are the Leading key players and what are their Key Business plans in the Global U.S. HVDC Transmission System market?
• What are the key concerns of the five forces analysis of the Global U.S. HVDC Transmission System market?
• What are different prospects and threats faced by the dealers in the Global U.S. HVDC Transmission System market?
• What possible measures players are taking to overcome and stabilize the situation?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.

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