Global HVDC Converter Stations Market to Grow at a CAGR of 24.10% During the Period 2016-2020

Albany, New York, August 29, 2016: Market Research HUB has announced the addition of the "Global HVDC Converter Stations Market 2016-2020" report to their huge collection of market research reports.

Power is generated, transmitted and distributed as AC, and most of the time, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high power losses that such transmission involves. In such situations, DC power is used, and the conversion of AC power to DC for transmission is achieved using a converter station.

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Report forecast the global HVDC convertor stations market to grow at a CAGR of 24.10% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global HVDC convertor stations market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand for the HVDC converter stations market from different end-users in all the regions.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Report, Global HVDC Convertor Stations Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Vendors
ABB
BHEL
GE-Alstom Grid
Hitachi

Other Prominent Vendors
Areva SA
Hitachi
Toshiba
Mitsubishi

Market Driver
Increasing cross-border interconnections
For a full, detailed list, view our report

Market Challenge
Lack of investment in grid infrastructure by power utilities
For a full, detailed list, view our report

Market Trend
Increasing investment in HVDC systems
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.