Press release
High Voltage Direct Current (HVDC) Transmission Systems to be Worth US$ 14.36 Bn by 2026
Key Research Findings from Future Market Insights’ Report on the Global HVDC Transmission System Market
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1209
Power Outages Continue to Fuel Demand
HVDC transmission is expected to become more efficient due to rampant popularity of advanced valve components such as insulated gate bipolar transistors (IGBT). Several such components that avert transmission failures can be categorised under the solution-based components. By 2026, global revenue share of such components is forecast to be about 60%, while revenues from sales of service-based HVDC transmission components will incur rapid growth at a 10.5% CAGR.
Deployment Cost Benefits vs. High Installation Costs
According to a comprehensive cost analysis in the research report, high installation costs are a major drawback for adoption of high-voltage direct current over other electric transmission systems. HVDC transmission components are expensive and need to be replaced if damaged. With respect to deployment of HVDC transmission systems, subsea deployment is expected to gain adoption due to its comparatively lower installation cost and a rise in demand for offshore power distribution. By 2026, the 33% market value share attributed by overhead deployment model is likely to marginally surpass subsea deployment’s share by 5 percent or less.
“Clean” Power Proliferation and Growth in Demand for Higher Power Ratings
Manufacturers of HVDC systems incur a competitive edge in the power supply industry as these systems provide efficient transmission with optimal electricity consumption. To extend the environmental impact of HVDC transmission systems, manufacturers are adopting renewable or “clean” energy for transmission and reducing pollution arising from unwanted electromagnetic energy emanating from electrical lines.
In the power distribution industrial sector, managing the impact of energy transmission on the environment is now being considered with an utmost regard. A recent update on companies and governments undertaking steadfast measures on clean energy includes the approval of the US Department of Justice for the installation of a 3GW HVDC transmission system for the country’s TransWest Express Transmission Project. A power ratings analysis included in the report indicates that power distribution above 2,000 MWs will witness a rise in market value share, accounting for nearly 40% of the global HVDC transmission system market value by the end of 2026. Owing to such power consumption trends, companies such as General Electric Co. and ABB Ltd. among others, have included Ultra high-voltage direct current (HVDC) transmission systems as part of their original offerings.
Send An Enquiry@ http://www.futuremarketinsights.com/askus/rep-gb-1209
Advanced Technologies Demanding Skilled Workforce
Lack of proficient engineers to effectively operate as well as maintain HVDC transmission systems remains a longstanding challenge. Prominence of line-commutated converter (LCC) and voltage-source converter (VSC) technologies further necessitates the need for highly-qualified engineers. Comparatively, by the end of 2026, VSCs will be the dominant technology in the global market, accounting for nearly US$ 9 Bn in revenues.
About Us – Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
Contact Us:
Future Market Insights
616 Corporate Way,
Suite 2-9018,
Valley Cottage,
New York 10989,
United States
Tel: +1-347-918-3531
Fax: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
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 High Voltage Direct Current (HVDC) Transmission Systems to be Worth US$ 14.36 Bn by 2026 here
News-ID: 402320 • Views: …
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,…
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry…
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033.
The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable…
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute…
More Releases 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…
Extruded HVDC Cable Size, Share, Development by 2024
Global Info Research offers a latest published report on Extruded HVDC Cable Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 124 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Click to view the full report TOC, figure and tables:
https://www.globalinforesearch.com/global-extruded-hvdc-cable-market_p104208.html
Scope of the Report:
The worldwide market for Extruded…
HVDC Transmission System Market 2026 |
Research Report Insights offers a 10-year forecast for global HVDC transmission system market between 2016 and 2026. In terms of value, market is expected to register a CAGR of 8.8% during forecast period. This study demonstrates the market dynamics and trends globally across 7 regions that are, North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA which influence the current nature and future status of the HVDC…
Global HVDC Transmission System Market Develop Business Strategies
"The Latest Research Report Global HVDC Transmission System Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
HVDC Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower…
Global HVDC Transmission Market Research Report 2017
lobal HVDC Transmission market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
ABB (Switzerland)
Siemens (Germany)
General Electric (US)
Toshiba (Japan)
Mitsubishi Electric (Japan)
Nexans (France)
NKT A/S (Denmark)
Hitachi (Japan)
Sumitomo Electric (Japan)
Schneider Electric (France)
NR Electric (China)
Prysmian Group (Italy)
American Superconductor (US)
LS Industrial (Korea)
C-EPRI Electric Power Engineering (China)
To Get Sample Copy of Report visit @ http://www.qyresearchreports.com/sample/sample.php?rep_id=1224720&type=E
Table of Contents
Global HVDC Transmission Market Research Report 2017
1 HVDC Transmission Market Overview
1.1…
Global HVDC Transmission Market 2017 - C-EPRI Electric Power, Schneider Electric …
Global HVDC Transmission Market 2017 Analysis Report audits a Market Regions, Product Categories, with Sales, Business Revenue, Goods cost, HVDC Transmission piece of the overall industry and Growth patterns, concentrating on driving HVDC Transmission industry players, showcase size, request and supply examination, utilization volume, Forecast 2017 to 2022.
The major regions present in the continents like United States, Germany, Japan and China and their contribution to global HVDC Transmission market is…
