HVDC Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links.
The increasing demand for cost-effective solutions for long distance power transmission and integration of VSC technology across grids to enable system security are the major factors that drives the HVDC transmission system market.
In Asia Pacific (APAC), China and India are the major contributors to the growth of the HVDC transmission system market due to the growing demand for power in these countries. Some other factors affecting the growth of the market in this region include aging power infrastructure, increase in power consumption pattern, economic uncertainties, and low carbon emission initiatives. High power quality along with reliable and stable power transmission are some of the key requirements in the power industry. This factor is driving the growth of the HVDC transmission market in the APAC region.
In China and India, high-power rating projects are more popular as it can supply more power for the huge population. While in Europe, most projects are the low-power rating projects and used for the new energy transmission like the wind energy.
Major players operating in the HVDC transmission market are ABB,Siemens,XD Group, NR Electric,GE Grid Solution, NKT, TBEA, etc. These Chinese players are rising faster through technology joint with the foreign players like ABB and Siemens. And the laters are also expanding their market through this method.
The HVDC Transmission System market was valued at 7650 Million US$ in 2018 and is projected to reach 16200 Million US$ by 2025, at a CAGR of 9.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HVDC Transmission System.
This report presents the worldwide HVDC Transmission System market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
ABB
Siemens
XD Group
NR Electric
GE Grid Solution
NKT
TBEA
Xuji Group
Hitachi
Nexans
Toshiba
Mitsubishi Electric
Abengoa
HVDC Transmission System Breakdown Data by Type
High-power Rating Projects
Low power Rating Projects
HVDC Transmission System Breakdown Data by Application
Overhead Transmission
Underground Transmission
Subsea Transmission
HVDC Transmission System Production by Region
United States
Europe
China
Japan
Other Regions
HVDC Transmission System Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global HVDC Transmission System status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key HVDC Transmission System manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers 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 Transmission System :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of HVDC Transmission System market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on HVDC Transmission System . Industry analysis & Market Report on HVDC Transmission System is a syndicated market report, published as Global HVDC Transmission System Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of HVDC Transmission System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.