HVDC Transmission Market Insights By Size, Share, Future Growth And Forecast From 2020-2025

The global HVDC Transmission Market was valued at USD 6.45 billion in 2016 and is projected to reach USD 12.11 billion by 2025, growing at a CAGR of 7.25% from 2017 to 2025.

A high-voltage, direct current (HVDC) electric power transmission system (also called a power super highway or an electrical super highway) uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report:

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Increasing Demand for Cost-Effective Solutions
1.2 Growing demand for System security offered by VCS Technology
1.3 Growing number ofregulations supporting Energy policies in Europe
1.4 Decommissioning of Nuclear and Coal Power Plants

2. Market Restraints
2.1 Rise in the Cost of Components
2.2 High installation costs

Market Segmentation:
1. Global HVDC Transmission Market, by Project Type:
1.1 Point-To-Point Transmission
1.1.1 Monopolar
1.1.2 Bipolar
1.2 Back-To-Back Stations
1.3 Multi-Terminal Systems
1.3.1 Series Multi-Terminal Systems
1.3.2 Parallel Multi-Terminal Systems

2. Global HVDC Transmission Market, by Technology:
2.1 Capacitor Commutated Converter (CCC) Based
2.2 Voltage Source Converter (VSC) Based
2.3 Line Commutated Converter (LCC) Based (Thyristor Based)

3. Global HVDC Transmission Market, by Application:
3.1 Underground Power Transmission
3.1.1 Islands
3.1.2 Urban Areas
3.1.3 Industrial Locations
3.2 Asynchronous Grid Interconnection
3.3 Off-Shore Power Transmission
3.3.1 Wind Projects
3.3.2 Oil & Gas

4. Global HVDC Transmission Market, by Power Rating:
4.1 Below 500 MW
4.2 501–1000 MW
4.3 1001–1500 MW
4.4 1501–2000 MW
4.5 Above 2001 MW

5. Global HVDC Transmission Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. ABB Ltd.
2. Siemens AG
3. General Electric
4. Toshiba Corporation
5. Mitsubishi Electric Corporation
6. Nexans SA
7. NKT A/S
8. Hitachi Ltd.
9. Schneider Electric
10. NR Electric Co., Ltd.
11. Prysmian Group
12. C-EPRI Electric Power Engineering Co., Ltd

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Request For Full Report: https://www.kennethresearch.com/sample-request-10059725

Research study on the HVDC Transmission Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research

Email:  Sales@kennethresearch.com

Phone: +1 313 462 0609

Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

Leave a Reply