This report studies the global High Voltage Direct Current (HVDC) Transmission Systems market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global High Voltage Direct Current (HVDC) Transmission Systems market by companies, region, type and end-use industry.
High-Voltage Direct Current (HVDC) transmission technology is a crucial technology holding potential to disrupt the power transmission landscape of the world. This technology is at the forefront of the emerging "smart grid" revolution and has emerged as an economically-viable solution for bulk and long-distance power transmission. Various countries are adopting HVDC, due to its cutting-edge features over HVAC, such as long-distance transmission, asynchronous transmission, ease in controlling the active power link, the possibility of bulk power transmission, and low loss (typically 30-50% less transmission loss than comparable alternating current overhead lines) in the transmission of power.
The demand for HVDC transmission systems is estimated to increase in the coming years since they are the optimal solution for long distance transmission. The increasing demand for power for commercial, industrial, and household activities has increased the need for developing a diverse portfolio of energy generation mix. Additionally, it has also resulted in the supply of high voltage power through long transmission lines. In HVAC, the system can limit large voltage transfer due to its reactive power flow, whereas in HVDC, there is no limitation on large voltage transmission through cables. This makes it an optimal solution for transmitting large voltage over a long distance.
The emergence of hybrid HVDC circuit breakers is one of the latest trends contributing to gain traction in the HVDC transmission systems market during the next four years. The existing power transmission lines that use AC systems for the transmission of power are now converted into DC systems to increase power transmitting limits. The use of HVDC breakers can help in reducing the fault current to flow into the system. Moreover, it can also reduce the bottleneck in HVDC transmission grids and provide integration between renewable energy and HVDC transmission interconnections.
In 2017, the global High Voltage Direct Current (HVDC) Transmission Systems market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
This report focuses on the global top players, covered
GE Grid Solutions
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Submarine HVDC Transmission System
HVDC Overhead Transmission System
HVDC Underground Transmission System
Market segment by Application, split into
Underground / Underwater Power Transmission
Asynchronous Grid Interconnection
Off-Shore Power Transmission
Multi Terminal (HVDC Networked Grids)
Off-Shore Wind Farms
The study objectives of this report are:
To study and forecast the market size of High Voltage Direct Current (HVDC) Transmission Systems in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of High Voltage Direct Current (HVDC) Transmission Systems are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
High Voltage Direct Current (HVDC) Transmission Systems Manufacturers
High Voltage Direct Current (HVDC) Transmission Systems Distributors/Traders/Wholesalers
High Voltage Direct Current (HVDC) Transmission Systems Subcomponent Manufacturers
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Regional and country-level analysis of the High Voltage Direct Current (HVDC) Transmission Systems market, by end-use.
Detailed analysis and profiles of additional market players.