Global High Voltage Direct Current (HVDC) Transmission Systems Market

Global High Voltage
Direct Current
(HVDC) Transmission
Systems Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016 – 2026
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Report
Description
Report Description
High-voltage, direct current (HVDC) system is an electrical power transmission system which
uses direct current for long distance electrical power transmission as opposed to more common
alternating current power transmission systems. These systems are economical and offers better
stability than AC line or AC cable and can be easily customized to specific function to improve
the reliability of the network. HVDC systems can be applied at any voltage levels which makes it
possible to connect the systems between two asynchronous networks. Demand for the HVDC
systems is mainly from the countries where power stations are located at larger distance from
consumer ends such as India & China and is less from the densely populated areas such as
countries in Europe since the electrical losses are negligible at smaller distances. Global HVDC
market is witnessing new product developments and large scale agreements, collaborations and
partnerships across the value chain, with a number of tier-one companies globally. Currently
large number of projects deployed uses line Commuted converter LCC technology, however
focus on increasing the use of non-renewable energy sources has increased the demand for
voltage Source Converter technology VSC.
High Voltage Direct Current (HVDC) Transmission Systems Market: Drivers and restrains
Demand for the HVDC systems is expected to rise due to difficulties of AC systems operation
from its continuous expansion. Also, rising concern over electricity consumption, stringent
government laws towards electricity transmission are some of the major drivers along with
macroeconomic factors such as growing GDP are fuelling the growth of the global HVDC
transmission systems market.
Report
Description
Report Description
However high cost of implementation and slower adoption rate of newer technology can pose a
major challenge towards the growth of the global HVDC transmission systems market.
High Voltage Direct Current (HVDC) Transmission Systems Market: Segmentation
Global HVDC transmission systems market cane segmented by technology, by configuration, by
component, by application and by geography.
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Based on technology the market can be segmented into:• LCC (Line Commuted Converters)
• VSC (Voltage Source Converters)
Segmentation by configuration includes:•
•
•
•
Back to Back
Monopolar
Bipolar
Multi-Terminal
Report
Description
Report Description
By component the market can be segmented into:• Converter
• Converter Transformer
• Filter
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By application the market can be segmented into:• Offshore applications
• Onshore applications
High Voltage Direct Current (HVDC) Transmission Systems Market: Overview
The global HVDC transmission system market is expected to grow with significant rate over the
forecast period from 2015 to 2025. Developed economies such as U.S. and U.K. is anticipated to
play major role in first half of forecast period 2015 – 2020 while during the second half of the
forecast period emerging economies such as India, China and Brazil is forecast to surge the
demand for HVDC transmission systems
Report
Description
Report Description
High Voltage Direct Current (HVDC) Transmission Systems Market: Region wise outlook
Geographically, the global HVDC systems market is segmented into seven key regions: North
America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan,
and Middle East & Africa. By 2015 end North America is expected to hold the largest market
share followed by APEJ. BY 2025, APEJ is expected to emerge as market leader in HVDC systems.
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High Voltage Direct Current (HVDC) Transmission Systems Market: Key Players
Some of the major players identified across the global HVDC systems market includes ABB Ltd.,
Aecom, Alstom SA, General Electric Co., Hitachi Ltd., National Grid, Schiender Electric, Siemens
AG, Toshiba Corporation, Transgrid Corporation and Transgrid Solutions. Among the major
players in the global HVDC systems market ABB Ltd holds the market share.
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