HDVC Converter Station Market 2021 – 2022 | Revenue, Trends, Drivers, Challenges, Growth Forecast and Segmentation

High Voltage Direct Current (HVDC) converter station is particular type of substation which forms the terminal instrument for transmission of High Voltage Direct Current. It helps in converting direct current into alternating current and vice a versa. With increasing demand for renewable energy large number of hydro and wind power plants are being established. But the power generated should be transferred to places where there is demand, and to transfer this power generated with minimum Transfer and Distribution(T&D) loss, HVDC’s are used extensively.

Market dynamics
Apprehensions over carbon emission and steady cut down of fossil fuels are boosting the demand for HVDC converter stations. But high initial investment cost and lengthy and tedious approval proceedings for transmission projects act as barriers for the rapid growth of HVDC converter stations.

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Market segmentation
GlobalHVDC Converter Station Market is segmented based on the type, converter type, application. Based on the type it’s segmented into monopolar, bi-polar, back to back and multi-terminal. Based on the converter type it’s segmented into Line Commutated Current Sourced Converters (LCC) and Voltage Source Converters (VSC). Based on the application it’s segmented into Oil and Gas, Power Industry, Interconnecting Networks and others.

Geographic Analysis

Globally High Voltage Direct Current Station Converter Station marketis expected to grow at a CAGR of 7.92% and reach a total market size of USD 11.5 billion during the forecast period.

Europe is the largest market for HVDC Converter Stations. Increasing demand for renewable energy in the developing countries made Asia-Pacific region an exciting market in the near future.

OPPORTUNITY
Expanding population base, and need to meet power demands helps in creating a large market for HDVC Converter Stations. Increase in polices which promote government incentives to establish HDVC Converter Station act as a major driving factor for growth of HVDC converter station market

Key players
Some of the key players are:
ABB Ltd
Bharat Heavy Electricals Ltd
Crompton Greaves Ltd
General Electric
Siemens AG
Hitachi Ltd

Report Contents Regional Analysis Report Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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