High Voltage Direct Current Transmission Market: growth in production of HVDC cable and units
The HVDC transmission is very efficient technology for the supply of huge electrical energy over long distances with minimal losses. The HVDC power transmission system can also be used for stabilizing the grid and interconnecting the incompatible AC networks. There is high scope for the High Voltage Direct Current Transmission (HVDC) Market in various regions across the globe by 2021.
Scope and Regional Forecast of the High Voltage Direct Current Transmission (HVDC) Market:
North America and Europe are the major markets for the growth of the High Voltage Direct Current Transmission (HVDC) Market. These regions have high electricity demand as well as production capacity. These regions are anticipated to invest heavily in this market according to the IndustryARC market analysis through 2021.
Asia Pacific is expected to show significant growth in the High Voltage Direct Current Transmission (HVDC) Market. The increasing demand for the electricity, emerging economies and their investment and rise in industrialization are the major factors propelling the demand for HVDC systems.
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According to the IndustryARC research analysis studies on the High Voltage Direct Current Transmission (HVDC) Market, high voltage current can be passed with little loss which is an important advantage of HVDC. The DC system or HVDC converter can alter alternate supply to direct in the network. The cost of set up transmission direct system is the major restraint of this market through 2021.
Segmentation and Key Players of the High Voltage Direct Current Transmission (HVDC) Market:
The High Voltage Direct Current Transmission (HVDC) Market is segmented into various categories in the IndustryARC marketing research report by technology, by project type, by application and by geography as follows:
By technology: Capacitor Commutated Converter (CCC) Based, Voltage Source Converter (VSC) Based, Line Commutated Converter (LCC) Based and UHVDC
By project type: Point-to-Point Transmission, Back-to-Back Stations and Multi-Terminal Systems
By application: Underground Power Transmission, Asynchronous Grid Interconnection and Off-Shore Power Transmission
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the High Voltage Direct Current Transmission (HVDC) Market according to the IndustryARC research report are as follows:
- Siemens AG
- ABB Ltd.
- General Electric
- Toshiba Corporation
- Hitachi Ltd.
The High Voltage Direct Current Transmission (HVDC) Market is a high potential market with high demand for high voltage transmission system, HVDC cable and HVDC light in end user industries in various regions across the globe. This market is expected to witness high growth owing to the increasing investment for HVDC power transmission systems use, growth in R&D expenditure for HVDC technology and implementation of HVDC projects across the globe through 2021.
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