openPR Logo
Press release

HVDC Converter Station Market - Market Growing at a Healthy Rate | 2024

09-22-2017 08:21 AM CET | Media & Telecommunications

Press release from: Transparency Market Research Technology

HVDC Converter Station Market

HVDC Converter Station Market

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 areas, with fewer energy losses by converting AC to DC. Growing concerns over gradually reducing fossil fuels and increasing carbon emissions have led to the growth of offshore wind farms that require HVDC converter station for connecting farms to the grid. HVDC system has the capability to reduce costs and electrical losses, and is the single possible solution to facilitate the use of renewable energy sources. HVDC systems are installed at every possible voltage point which connects the systems between two asynchronous grids.

The key drivers for the HVDC converter station market is the increasing adoption of efficient power transmission systems, rising number of offshore wind farms, growing requirement for connecting asynchronous grids, and encouraging government policies to establish HVDC converter station. Also, indirect factors such as growing GDP in emerging economies are driving the growth of the HVDC converter station market. In the coming years, a large number of offshore wind farms are anticipated to be built in deep water with high efficiency and large capacity which would support the growth of the HVDC converter station market. HVDC cables are primarily used for submarine transmission. The share of emission-free and clean power from solar, wind, hydro, and other renewable energy sources in the global energy combination is expected to increase.

Browse Full Report With ToC @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=14552

The key factors that challenge the growth of the HVDC converter station market includes transmission congestion and instability, high initial cost, lack of investment in grid infrastructure by power utilities, lengthy approval processes for transmission projects, and limitations at the technology level. However, increasing investments in HVDC systems is the current major trend emerging in the HVDC converter station market.

The HVDC converter station market can be segmented on the basis of technology, application and type. On the basis of technology, the HVDC converter market can be segmented into line commutated converters (LCC) and voltage source converters (VSC). Recently, high number of projects were deployed by using line Commuted converter (LCC) technology. On the other hand, the growing adoption of non-renewable energy sources has improved the demand for voltage Source Converter (VSC) technology.

Fill the form for an exclusive sample of this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14552

The application segmentation includes powering Island and remote loads, underground power links, connecting wind forms, interconnecting networks, bulk power transmissions, grid access for offshore applications, long distance transmission via cables, and oil and gas platforms. Further, on the basis of type, the market can be segmented into monopolar, bi-polar, back-to-back, and multi-terminal. Currently, the bi-polar HVDC configuration covered the largest market size and is estimated to grow more in the coming years.

The major players in the global HVDC converter station market include TransGrid Solutions Inc., Toshiba Corporation., Siemens A.G., Prysmian Group, NR Electric Co., Ltd., Nexans SA, BHEL, Hitachi, Ltd., General Electric, American Superconductor and ABB Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

About Us:-

Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.

We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us:-

Transparency Market Research

90 State Street, Suite 700, Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Visit Blog: http://marketresearchreports2017.blogspot.in

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 HVDC Converter Station Market - Market Growing at a Healthy Rate | 2024 here

News-ID: 733353 • Views: 516

More Releases from Transparency Market Research Technology

Vehicle Analytics Market to reach US$10,215.5 mn by 2025 | Key Companies are Agn …
Vehicle analytics can be categorized as solutions implemented on vehicles that helps to gain insights about the vehicles. Vehicle analytics’ application range from the farmers to large scale fleet operators as these help them with a number of benefits like increased safety, faster threat detection, vehicle tracking, and monitoring the driving behavior among others The advancement in technologies and enhanced safety provided by vehicle analytics are expected to be major drivers
System Integration Market - Segment which Held the Share of 28.2% of the Total A …
The global system integration market was valued at USD 191.36 billion in 2013 and is expected to reach USD 377.59 billion by 2020, growing at a CAGR of 10.9% during the forecast period from 2014 to 2020. In terms of revenue, North America was the largest regional market for system integration which accounted for 33.0% of the total system integration market in 2013. Asia Pacific is expected to be the
mHealth Services Market - Global Industry Size, Share, Growth, Trends and Foreca …
mHealth, a fast growing technology-driven service, is expected to change the way health services are delivered worldwide. It involves delivery of healthcare related services to end-users by medium of mobile phones (smartphones). Rising incidences of chronic diseases have elevated the need for accessibility of quality and low cost healthcare services for the masses. The situation has been further aggravated by the declining ratio of healthcare service providers to target population.
Enterprise Video Content Management Market : Recent Industry Developments and Gr …
A fresh commerce and business study by Transparency Market Research (TMR) has observed that as small and medium enterprises (SMEs) mushroom across the world, the vendors who are ahead of the curve in the global enterprise video content management market will continue to find vast new opportunities, especially when they are willing to expand into the emerging economies in Asia Pacific. For instance, about a year ago, Panopto partnered with

All 5 Releases


More Releases for HVDC

HVDC Transmission Market Detailed Analytical Overview by 2025
The HVDC Transmission market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for HVDC Transmission. This report presents the worldwide HVDC Transmission market size (value, production and consumption), splits the breakdown
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 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