openPR Logo
Press release

High Voltage Direct Current (HVDC) Transmission System Market Expected to Behold a CAGR of 8.8% through 2016-2026

01-04-2018 01:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

High Voltage Direct Current (HVDC) Transmission System Market

A fresh business and commerce study by Future Market Insights (FMI) has detected that the global market for high voltage direct current (HDVC) transmission system market is strikingly fragmented, owing to the presence of a large pool of players, big and small. A wide variety of products are offered by these vendors, ranging from cables to capacitors to transformers. Often, the vendors offer customized solutions in order to gain new demands. The report identifies Siemens AG, ABB Ltd., Hitachi Ltd., General Electric Co., Toshiba Corporation, Prysmian SpA, TransGrid Solutions Inc., ATCO Electric Ltd., and Abengoa S.A. as some of the most prominent companies currently operating in the global HVDC transmission system market.

Request For Report Sample: https://www.futuremarketinsights.com/reports/sample/REP-GB-1209

As per the evaluations of the FMI report, a revenue of US$6,000 mn was generated by the market for high voltage direct current transmission system in 2016, which was in itself an increase of 7.7% in comparison to 2015. The report has estimated that over the forecast period of 2016 to 2026, the demand for HDVC transmission system will increment at a CAGR of 8.8% and the final valuation by 2026 would be US$14,400 mn. Mitsubishi Electric Corporation, Nexans, NR Electric, American Semiconductor, HVDC Technologies, and LSIS are some of the other notable players identified by the report.

Some of the key factors augmenting the demand in the global HDVC transmission system market are: increasing demand for cost-effective solutions for long distance power transmission, decommissioning of nuclear and coal power plants, liberalization in the energy policies in Europe, and integration of VSC technology across grids enable system security. On the other hand, rise in the cost of components that affects the number of grid installations, requirement of high initial investment in grid infrastructure, need of uniformity in the standards of HDVC transmission equipment and systems, and controlling congestion and instability in HVDC systems are a few obstructions holding the prosperity of the global high voltage direct current transmission system market. Nevertheless, the vendors operating in this market will gain new opportunities from favorable government policies, particularly for offshore wind transmission projects, emergence of hybrid HVDC circuit breaker, shift towards offshore renewable energy generation, and recent technological advances in HVDC transmission system.

Based on system component, the FMI report segments the global HVDC transmission system market into solutions and services. The solutions segment is further sub-segmented into AC and DC harmonic filters, converters, DC lines, circuit breakers, and others. Technology-wise, the market has been bifurcated into LCC, VSC, and others. On the basis of deployment, the market for HVDC transmission system has been classified into overhead, underground, subsea, and combination. Based on power rating, the market has been segmented into below 1,000 MWs, 1001 to 2000 MWs, and 2,001 MWs and above.

Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/askus/rep-gb-1209

Geographically, the report takes stock of the potential of high voltage direct current transmission system market in the regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific except Japan (APEJ), and the Middle East and Africa (MEA) and in the country of Japan. While North America is highly lucrative region and Europe will continue to pose widespread opportunities owing to increasing number of grid connections, the APEJ region is expected to turn highly lucrative on the back of the emerging economies of India and China.
You can now buy a single user license of the report : https://www.futuremarketinsights.com/checkout/1209

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.

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: https://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 System Market Expected to Behold a CAGR of 8.8% through 2016-2026 here

News-ID: 885307 • Views: 240

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