HVDC Transmission Market Trends, Growth Insights, Emerging Technologies, Leading Players, Competitive Landscape and Business Boosting Strategies till 2023
HVDC Transmission Market Research Report Information by Technology (LCC, VSC) Application (Underground, Offshore, Asynchronous grid) Configuration (Monopolar, bipolar, back-to-back, multi terminal), Voltage rating (800 kV) and Region – Global Forecast till 2023
Pune, India – July 10, 2019 /MarketersMedia/ —
HVDC transmission systems are expected to improve the grid connectivity with asynchronous grid that will draw power from various sources. The global power industry is planning to invest in renewable sources as renewable sector has high demands from all across the world. HVDC transmission systems will help the power grid to have access to power generated from offshore wind source. The global HVDC transmission market that gauges greater gains for this market at 6.5% CAGR between 2018 and 2023.
The most important market drivers for the global HVDC transmission market growth include surging demand for power from renewable sources of energy and increasing demand for international grid connectivity. Other major market drivers include the demand for better power distribution system and low-cost electricity.
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Major Leading Players
Major players in the global HVDC transmission market include ABB (Switzerland), Adani (India), Alstom (France), DATC (USA), C-EPRI Electric Power Engineering Co. Ltd (China), General Electric (USA), Hitachi (Japan), Mitsubishi (Japan), Nexans (France), NKT Holdings (Denmark), Prysmian Group (Italy), Schneider Electric (France), Seimens AG (Germany), and Toshiba (Japan).
HVDC Transmission Market Segmentation
The global HVDC transmission market segmentation covers application type, configuration, technology type, and voltage rating. MRFR is exploring these features on a segment-wise level to understand market trends.
As per the segmentation based on application, this market covers type, asynchronous grid, underground cables, and offshore cables.
By technology type, the market has been segmented into Low Commuted Converter (LCC) and Voltage Sourced Converter (VSC).
The configuration-based segmentation of the HVDC transmission market lists mono-polar configuration, bi-polar configuration, back-to-back configuration, and multi-terminal links.
Regarding voltage rating, the market has been segmented into less than 350 kilovolts (kV), 350-640 kV, 640-800 kV, and more than 800 kV.
Scope of the Report
This report provides an in-depth analysis of the global HVDC Transmission market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC), Middle East, Africa and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the HVDC Transmission market by its technology type, application type, by configuration type, by voltage rating type and by region.
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continued……
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global HVDC Transmission Market Share, By Technology Type, 2016 (%)
Continued….
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