The market report is a historical overview and in-depth study on the current and future market. The report also offers a basic overview of the market size, share, leading players, top regions with major countries data, and a detailed segmentation description. It investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
The major players in the HVDC Transmission Market include:
• ABB
• Siemens AG
• General Electric
• Hitachi, Ltd.
• Mitsubishi Electric Corporation
• Nexans S.A.
• NKT A/S
• NR Electric Co., Ltd.
• C-EPRI Electric Power Engineering Co., Ltd.
• Prysmian Group
Key Drivers of the HVDC Transmission Market:
The primary factors propelling the growth of the HVDC Transmission market include emerging demand for VSC technology, rising demand for optimal solutions for long-distance power transmission, the growing emphasis on renewable energy, and the increasing number of favorable government policies and initiatives for HVDC transmission. The growing electricity consumption driven by the drastic rise in the population rate is further boosting the growth of the market. Growing usage of electric powered devices is energizing the demand for electricity, which accelerates the growth of the HVDC Transmission market size.
The increasing need for cable-based transmission instead of overhead lines transmission is surging the growth of the global HVDC transmission market. According to the HVDC Transmission market report, HVDC transmission decreases power losses during transmission and is less expensive in comparison to the other transmission processes. On the other hand, the growing number of incidences of power fault during a short circuit in the AC system hinders the growth of the market.
Segmentation of the HVDC Transmission Market:
The major regions covered in the report are North America, Europe, Asia-Pacific, and the Rest of the world. It also contains regional volume and revenue of the forecast period. Moreover, it helps the reader to understand accurate data on volume sales according to the consumption for the same years.
On the basis of component, this report displays the production, revenue, price, market share, and overall growth rate of each component, primarily split into:
• Converter Station
o Valves
o Thyristor Valve
Insulated Gate Bipolar Transistors (IGBTS)]
o Transformers
o Harmonic Filters,
AC Filters
DC Filters
o Circuit Breakers
o Reactors
o Surge Arresters
• Transmission Cables
• Others
On the basis of project type, this report displays the production, revenue, price, market share, and overall growth rate of each project type, primarily split into:
• Point-to-Point Transmission
o Monopolar
o Bipolar
• Back-to-Back Stations
• Multi-Terminal Systems
On the basis of technology, this report displays the production, revenue, price, market share, and overall growth rate of each technology, primarily split into:
• Capacitor Commutated Converter (CCC)
• Voltage Source Converter (VSC)
o HVDC
o Ultra-High Voltage Direct Current (UHVDC)
• Line Commutated Converter (LCC), (Thyristor Based)
o HVDC
o UHVDC
On the basis of application, this report displays the production, revenue, price, market share, and overall growth rate of each application, primarily split into:
• Bulk Power Transmission
• Interconnecting Grids
• Infeed Urban Areas
On the basis of transmission, this report displays the production, revenue, price, market share, and overall growth rate of each transmission, primarily split into:
• Overhead
• Submarine & Underground
On the basis of region, this report displays the production, revenue, price, market share, and overall growth rate of each region, primarily split into:
• North America
o United States of America
o Canada
• Asia Pacific
o China
o Japan
o India
o Rest of APAC
• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research:
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