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.
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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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.
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.
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
Some of the key players are:
Bharat Heavy Electricals Ltd
Crompton Greaves Ltd
Report Contents Regional Analysis Report Highlights
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
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
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Recent trends in Market and impact
Research Status and Technology Overview
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