openPR Logo
Press release

Global High Voltage Direct Current (HVDC) Transmission Systems Market attaining expansion at a CAGR of 8.8%, 2026

05-16-2017 02:32 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Global High Voltage Direct Current (HVDC) Transmission Systems

According to Future Market Insights’ report titled “High Voltage Direct Current (HVDC) Transmission System Market: Global Industry Analysis and Opportunity Assessment 2016-2026,” the global market for high voltage direct current transmission systems, which is now valued at US$ 6,191.8 Mn, is likely to reach US$ 14.36 Bn in market value by the end of 2026 – attaining expansion at a CAGR of 8.8%. According to the report, North America, Western Europe and Asia Pacific excluding Japan (APEJ) are the leading markets for HVDC transmission systems globally. Key market players include ABB Ltd., TransGrid Solutions Inc., Siemens AG, Prysmian SpA, Toshiba Corporation, General Electric Co., Hitachi Ltd., Abengoa SA, and ATCO Electric Ltd.

Key Research Findings from Future Market Insights’ Report on the Global HVDC Transmission System Market

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.

Request Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1209

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 (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
press@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 Global High Voltage Direct Current (HVDC) Transmission Systems Market attaining expansion at a CAGR of 8.8%, 2026 here

News-ID: 538161 • Views: 336

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for HVDC

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
Growing Demand of HVDC Converter Market in Upcoming Years 2022
MarketStudyReport.com Add New Report Global HVDC Converter Market by Manufacturers, Regions, Type and Application, Forecast to 2022 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 116 pages with table and figures in it. The research experts have evaluated the general sales of EMEA (Europe, Middle East and Africa) HVDC Converter Station Market and its revenue generation. Furthermore, it
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 Advancements to Watch Out For 2022
Orbis Research delivers key insights on the Global HVDC Transmission market in a new report titled “Global HVDC Transmission Market Research Report 2017-2022 by Players, Regions, Product Types and Applications.” In this report, Orbis Research sheds light on the various factors and trends impacting market growth over the forecast period (2017 – 2022). Description The Global HVDC Transmission Market report offers a comprehensive evaluation of the Global HVDC Transmission industry. This
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
HVDC Converter Station Market Trends Forecast By 2024
A high voltage direct current (HVDC) converter is a distinctive type of substation used as an equipment for HVDC transmission lines. These converter stations are especially used to transmit bulk of power to long distances and for converting alternating current (AC) to direct current (DC) or vice versa. An HVDC converter station is generally used for the transmission of electricity from renewable energy sources situated at remote areas to metropolitan