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This report estimates the HVDC converter station market size in terms of value. The volume market is estimated on the basis of the total number of projects commissioned from 2012 till 2019. The report estimates the market size of HVDC converter station while comprising overhead and underground systems.
The HVDC converter station market is driven by increment in offshore wind farms, government incentive policy to establish HVDC converter station, demand for efficient power transmission, and the need for connecting Asynchronous Grids. The leading market for HVDC converter station is the U.S. due to its largest operational onshore wind farms and sea links which supply alternating current to the HVDC grids, followed by China.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global HVDC converter station market. The primary sources – experts, manufacturers, and service providers from the industry have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of the HVDC converter station market.
We have also profiled the leading players of this industry, along with their recent developments and other strategic industry activities. Some of the key companies profiled include ABB Ltd. (Switzerland), Alstom (France), Bharat Heavy Electricals Ltd. (India), Crompton Greaves (India), General Electric (U.S.), Hitachi Ltd. (Japan), and Siemens (Germany), among others.
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Currently, Europe dominates the global HVDC converter station market. In Asia-Pacific, China is the largest market in terms of HVDC converter stations installed or planned for the future. ABB (Switzerland) and Crompton Greaves (India) are the global leaders in the field of manufacturing and supplying converters stations and its services.
The report covers the major regions such as Europe, Asia-Pacific, and Americas.
The report also touches upon the various important aspects of the market which include analysis of the value chain, Porter’s Five Forces model, the competitive landscape, market dynamics, market estimates in terms of value, as well as volume and the future trends of the HVDC converter station market.
Table of Contents
1.1 Key Takeaways
1.2 Analyst Insights
1.3 Report Description
1.4 Markets Covered
1.5 Research Methodology
1.5.2 Market Size Estimation
1.5.3 Market Crackdown and Data Triangulation
1.5.4 Key Data Points Taken From Secondary Sources
1.5.5 Key Secondary Sources Used
1.5.6 Key Data Points Taken From Primary Sources
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3.1 Market Segments
3.2 Global HVDC Converter Station Market Overview (2013 Vs 2019)
4.2 History & Evolution
4.3 Market Statistics
5.2 Market Dynamics
18.104.22.168 Rapid Increase in Offshore Wind Farms
22.214.171.124 Increase in Government Incentive Policy to Establish HVDC
126.96.36.199 Increasing Demand For Efficient Power Transmission
188.8.131.52 Increasing Need For Connecting Asynchronous Grids
184.108.40.206 Expensive HVDC Components
220.127.116.11 Higher Capital Investment Required to Establish HVDC Converter Stations
18.104.22.168 Lack of Standardization and Technological Risks of HVDC Industry
22.214.171.124 Lengthy Approval Processes For Transmission Projects Affects HVDC Substation Growth
126.96.36.199 Advancement in Technology With Growing Greener Sources of Energy Generation
188.8.131.52 Ageing Power Infrastructure
184.108.40.206 Rising Environmental Concern towards High Power Transmission
5.3 Winning Imperatives
5.3.1 Advancement of Underwater HVDC Cable
5.3.2 Escalating Interoperability Between the Neighboring Network
5.4 Burning Issues
5.5 Value Chain Analysis
5.5.1 Raw Material Suppliers
5.5.2 Original Equipment Manufacturers
5.5.4 End Users
5.6 Porter’s Five Forces Analysis
5.6.1 Threat of New Entrant
5.6.2 Supplier’s Power
5.6.3 Threat of Substitutes
5.6.4 Buyer’s Power
5.6.5 Degree of Competition
HVDC Converter Station Market, By Applications
9.2 Global Converter Station Market, By Applications (2012–2019)
9.2.1 Underground Power Links
9.2.2 Powering Island & Remote Loads
9.2.3 Connecting Winds Farms
9.2.4 Interconnecting Networks
9.2.5 Oil & Gas offshore Platform
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10.2 “Xyz” Lead the Way
10.5 Contract Agreement
10.6 Joint Venture
11.1 ABB Ltd
11.2 Alstom, SA
11.3 Bharat Heavy Electricals Ltd
11.4 Crompton Greaves
11.5 General Electric
11.6 Hitachi Ltd
11.7 Mitsubishi Electric
11.8 Nissin Electric Co Ltd
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