According to a new market research report of “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", published by MarketsandMarkets, the HVDC transmission market is expected to reach $13.54 Billion by 2020, growing at a CAGR of 17.13% from 2014 to 2020.
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Browse 90 market data tables and 120 figures spread through 207 pages and in-depth TOC on “HVDC Transmission Market”.
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The HVDC transmission market is growing at a high CAGR rate; it holds a great potential as it is an emerging transmission technology. HVDC transmission technology implemented by various countries due to its advanced features such as the asynchronous transmission, Long distance transmission, easy to control the active power link, and low loss in transmission of power over HVAC. The line commutated converter (LCC) and voltage source converters (VSC) technologies hold the highest share in the APAC market currently. Thus, this shows that the LCC and VSC technologies in the HVDC market have a great potential to increase over a period of time.
This report describes the market trends, drivers, and challenges with respect to the global HVDC market as a transmission technology, and forecasts the market from 2014 to 2020, on the basis of the technologies, configuration, power rating, components, and geography. This global report gives a detailed view of the market across geographies, namely - Americas (U.S., Canada, and Mexico), Europe (U.K., Germany, Russia, France, and Others), the Asia-Pacific (China, Japan, India, South Korea, and Others), and ROW (Latin America, Middle east, and Africa). The APAC market dominates the market in terms of the market size; however, the Europe has been growing at the highest CAGR in the HVDC transmission market. The growing demand to reduce transmission losses in power system and Government mandates in HVDC transmission are motivating the companies to launch HVDC systems in the APAC market.
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The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships, across the value chain, with a number of tier-one players around the globe.The report includes an in-depth analysis of the HVDC transmission, by technology, by configuration, by power rating, by components, applications, and geography.
The major players in the HVDC transmission market include ABB Ltd. (Switzerland), Siemens AG (Germany), Alstom (France), Toshiba Corporation (Japan), and Schneider Electric (France).
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