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.
In 2019, the market size of HVDC Converter Stations is 71100 million US$ and it will reach 129700 million US$ in 2025, growing at a CAGR of 7.8% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HVDC Converter Stations.
This report studies the global market size of HVDC Converter Stations, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the HVDC Converter Stations production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Other
...
Market Segment by Product Type
Monopolar
Bi-Polar
Back to Back
Multi-Terminal
Market Segment by Application
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the HVDC Converter Stations status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key HVDC Converter Stations manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of HVDC Converter Stations are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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 (United States, European Union and China) HVDC Converter Stations Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of HVDC Converter Stations market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.