HVDC Transmission Market by Technology (LCC & VSC), Configuration (Back to Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 1001 MW–1500, 1501-2000 MW & Above 2000 MW), Application, Component & Geography - Forecast Analysis to 2014 - 2020
HVDC transmission is an emerging technology providing efficient and fast transfer of electricity at long range, reducing the losses caused by HVAC (High Voltage Altering Current). To reduce the heavy transmission loss which is incurred by the AC system and the efficient transfer at long distances are the major features of HVDC technology. Hence, HVDC transmission becomes an interesting preposition across the globe as it focuses on lower transmission losses, asynchronous interconnection and the capability to deliver bulk power for long distance transmission.
Based on the technology, the HVDC transmission market can be divided into Line communicated converters, capacitor communicated converters, and voltage source converters.
The line commutate converters occupied largest share of HVDC market in 2014 but voltage source converters are expected to grow by the year 2020.
The report provides the profiles of all the major companies in the HVDC transmission market. The report also provides the competitive landscape of the key players, which indicates the growth strategy of the market in the industry. The report also covers the entire value chain for the market, right from the infrastructure provider to the end user. Along with the value chain, this report also provides an in-depth view on the technology, configuration, power rating, application, and geographic analysis of the market. The HVDC transmission market is expected to grow at 13.54 billion by 2020 at a CAGR of 17.13% from 2014 to 2020.
The report also provides the market dynamics such as drivers, restraints, opportunities and challenges for the market. Apart from the market segmentation, the report also includes the critical market data and qualitative information with regard to HVDC; along with the qualitative analysis, such as the Porter’s five force analysis, value chain analysis, and the market crackdown analysis.
Key players in the HVDC transmission market include ABB Ltd. (Switzerland), Siemens AG (Germany), Alstom (France), Toshiba Corporation (Japan), and Schneider Electric (France) among others
Source: MarketsandMarkets.
