Power is generated, transmitted and distributed as AC, and most of the time, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high power losses that such transmission involves. In such situations, DC power is used, and the conversion of AC power to DC for transmission is achieved using a converter station.
The major factors driving the growth of the market is the increasing requirement for cost-effective solutions for bulk power transfer and increasing need for connecting asynchronous grids. Due to these, there has been a rapid adoption of HVDC in Europe and Asia Pacific creating a market opportunity for the HVDC Converter Station Market. Increasing requirement to transfer bulk power over long distances and the connection of the renewable energy resources to the national grid are driving the market for HVDC converter stations.
The rise in the use of thyristor valves has increased the demand for LCC HVDC systems because of the better reliability of the thyristor technology. In the recent years, technical improvements and compact designs with large-capacity thyristors (up to 8.5 kV, 4 kA) have contributed to the progress of HVDC applications in the Asia Pacific region, because of which there have been large UHVDC projects with the LCC technology in China. The trend is expected to continue in the by 2022 as the major economies in Asia and Europe such as China and the UK, among others are still struggling to meet the energy requirement in the country.
The global HVDC Converter Stations market is valued at 71100 million US$ in 2018 is expected to reach 129700 million US$ by the end of 2025, growing at a CAGR of 7.8% during 2019-2025.
This report focuses on HVDC Converter Stations volume and value at global level, regional level and company level. From a global perspective, this report represents overall HVDC Converter Stations market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Other
...
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Monopolar
Bi-Polar
Back to Back
Multi-Terminal
Segment by Application
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Others
Table of Contents
Executive Summary
1 HVDC Converter Stations Market Overview
1.1 Product Overview and Scope of HVDC Converter Stations
1.2 HVDC Converter Stations Segment by Type
1.2.1 Global HVDC Converter Stations Production Growth Rate Comparison by Type (2014-2025)
1.2.2 Monopolar
1.2.3 Bi-Polar
1.2.4 Back to Back
1.2.5 Multi-Terminal
1.3 HVDC Converter Stations Segment by Application
1.3.1 HVDC Converter Stations Consumption Comparison by Application (2014-2025)
1.3.2 Power Industry
1.3.3 Powering Island and Remote Loads
1.3.4 Interconnecting Networks
1.3.5 Oil & Gas
1.3.6 Others
1.4 Global HVDC Converter Stations Market by Region
1.4.1 Global HVDC Converter Stations Market Size Region
1.4.2 North America Status and Prospect (2014-2025)
1.4.3 Europe Status and Prospect (2014-2025)
1.4.4 China Status and Prospect (2014-2025)
1.4.5 Japan Status and Prospect (2014-2025)
1.5 Global HVDC Converter Stations Market Size
1.5.1 Global HVDC Converter Stations Revenue (2014-2025)
1.5.2 Global HVDC Converter Stations Production (2014-2025)
2 Global HVDC Converter Stations Market Competition by Manufacturers
2.1 Global HVDC Converter Stations Production Market Share by Manufacturers (2014-2019)
2.2 Global HVDC Converter Stations Revenue Share by Manufacturers (2014-2019)
2.3 Global HVDC Converter Stations Average Price by Manufacturers (2014-2019)
2.4 Manufacturers HVDC Converter Stations Production Sites, Area Served, Product Types
2.5 HVDC Converter Stations Market Competitive Situation and Trends
Summary: Get latest Market Research Reports on HVDC Converter Stations . Industry analysis & Market Report on HVDC Converter Stations is a syndicated market report, published as Global HVDC Converter Stations Market Research Report 2019. It is complete Research Study and Industry Analysis of HVDC Converter Stations market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.