HVDC Technology Market Competitive Dynamics & Global Outlook 2019
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One of the primary drivers behind the growth of the HVDC market is the growing electricity consumption in the world. New technologies such as voltage-source converters (VSC’s) have significantly addressed concerns regarding the capability of classic HVDC systems. Due to high voltage during transmission and the nature of direct current, electricity transmission through such lines results in much lower transmission losses. Other advantages include the lesser space requirement for the towers carrying these lines.
The primary components of HVDC systems can be segmented on the basis of converter technology being used as well as the types of cables and conductors employed. The types of converter technology include current source converter and voltage source converter. The different types of cables and conductors include underground cables, overhead conductors and extruded submarine cables. High investments have been made for upgrading the ageing infrastructure which has led to the growth of HVDC transmission systems in the American countries.
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Few companies profiled in this market research report include Siemens AG, American Superconductor Corpora (AMSC), ABB, General Electric, Mitsubishi Heavy Industries, Toshiba and Alstom.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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