Global HVDC Transmission Market, By Component (Converter Stations, Transmission Cables, Others), By

Published Date: | Report Code : EP1958469

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The HVDC (High Voltage Direct Current) Transmission Systems are used for power transmission over long distances. These make use of DC for transmission of power. They can interconnect networks of varying frequencies and features.

Segment Insights:

The HVDC Transmission market has been segmented based on the component, technology, project type, and application.

Based on the component, the HVDC transmission market is segmented as Converter Stations, Transmission Cables, and Others.

On the basis of the technology, the segmentation is Capacitor Commutated Converter (CCC) based, Line Commutated Converter (LCC) based, and Voltage Source Converter (VSC) based. The VSC technology is used for the conversion of AC to DC voltage by switching in and out of small DC capacitors. Two types of voltage converters are used for this purpose, inverters, and rectifiers. The main objective of a VSC HVDC system is a constant transmission of Dc power from rectifier to inverter. These VSC converters can be are controllable voltage source for the HVDC transmission.

By Project Type, the market is bifurcated as Back-to-Back, Point-to-Point, and Multi-terminal.

Based on the Application, the market is divided as Bulk Power Transmission, Infeed Urban Areas, and Interconnecting Grids. The infeed urban areas are growing in the applications segment. These HVDC systems are used to feed electricity to the densely populated urban centers, where it is not ideal to use overhead wires. Even though it is more expensive, the utilization of underground lines is increasing. In recent times, many new developments are it residential or commercial, have an underground utility infrastructure.

The APAC region is anticipated to grow for the HVDC transmission market. This is due to the fact that there is a tremendous consumption of power in this region due to the constant development of infrastructure, and industrialization. Major countries such as China have been investing in renewable energy and utilizing the HVDC technology for power transmission. The most powerful transmission highways are being made in China.

Key Factors Impacting Market Growth:

  • Allows for long-distance transmission with less attenuation

  • Increasing inclination towards renewable energy

  • Increasing support from government by developing policies for HVDC transmission

Regional Analysis:

The regional outlook for the HVDC transmission market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for the HVDC transmission market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of the HVDC transmission market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on.

Asia Pacific is estimated one of the fastest growing regions for the HVDC transmission market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. The rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: ABB, Siemens, General Electric, Hitachi, Mitsubishi Electric, Nexans, NKT A/S, NR Electric, C-EPRI Electric Power Engineering, and Prysmian Group...

Market Segmentation:

By Component:

  • Converter Stations

  • Transmission Cables

  • Others

By Technology:

  • CCC Based

  • LCC based

  • VSC Based

By Project Type:

  • Back-to-Back

  • Point-to-Point

  • Multi-terminal

By Application:

  • Bulk Power Transmission

  • Infeed Urban Areas

  • Interconnecting Grids

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Component

    • By Technology

    • By Project Type

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Component

    • By Technology

    • By Project Type

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Component

    • By Technology

    • By Project Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Component

    • By Technology

    • By Project Type

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Component

    • By Technology

    • By Project Type

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Component

    • By Technology

    • By Project Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the  HVDC Transmission Market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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