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Global High Voltage Direct Current (HVDC) Transmission Systems Market Size, Status and Forecast 2021-2027
SKU ID : QYR-17257685 | Publishing Date : 22-Jan-2021 | No. of pages : 90
High-Voltage Direct Current (HVDC) transmission technology is a crucial technology holding potential to disrupt the power transmission landscape of the world. This technology is at the forefront of the emerging "smart grid" revolution and has emerged as an economically-viable solution for bulk and long-distance power transmission. Various countries are adopting HVDC, due to its cutting-edge features over HVAC, such as long-distance transmission, asynchronous transmission, ease in controlling the active power link, the possibility of bulk power transmission, and low loss (typically 30-50% less transmission loss than comparable alternating current overhead lines) in the transmission of power.
The demand for HVDC transmission systems is estimated to increase in the coming years since they are the optimal solution for long distance transmission. The increasing demand for power for commercial, industrial, and household activities has increased the need for developing a diverse portfolio of energy generation mix. Additionally, it has also resulted in the supply of high voltage power through long transmission lines. In HVAC, the system can limit large voltage transfer due to its reactive power flow, whereas in HVDC, there is no limitation on large voltage transmission through cables. This makes it an optimal solution for transmitting large voltage over a long distance.
Market Analysis and Insights: Global High Voltage Direct Current (HVDC) Transmission Systems Market
The global High Voltage Direct Current (HVDC) Transmission Systems market size is projected to reach US$ XX million by 2026, from US$ XX million in 2019, at a CAGR of XX% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global High Voltage Direct Current (HVDC) Transmission Systems market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global High Voltage Direct Current (HVDC) Transmission Systems market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global High Voltage Direct Current (HVDC) Transmission Systems market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global High Voltage Direct Current (HVDC) Transmission Systems market.
Global High Voltage Direct Current (HVDC) Transmission Systems Scope and Market Size
High Voltage Direct Current (HVDC) Transmission Systems market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global High Voltage Direct Current (HVDC) Transmission Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
Submarine HVDC Transmission System
HVDC Overhead Transmission System
HVDC Underground Transmission System
Segment by Application
Underground / Underwater Power Transmission
Asynchronous Grid Interconnection
Off-Shore Power Transmission
Multi Terminal (HVDC Networked Grids)
Island Connections
Off-Shore Wind Farms
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
ABB
GE Grid Solutions
Siemens
Nexans
NKT
Toshiba
NR Electric
Prysmian Group
American Semiconductor
Nexans
The demand for HVDC transmission systems is estimated to increase in the coming years since they are the optimal solution for long distance transmission. The increasing demand for power for commercial, industrial, and household activities has increased the need for developing a diverse portfolio of energy generation mix. Additionally, it has also resulted in the supply of high voltage power through long transmission lines. In HVAC, the system can limit large voltage transfer due to its reactive power flow, whereas in HVDC, there is no limitation on large voltage transmission through cables. This makes it an optimal solution for transmitting large voltage over a long distance.
Market Analysis and Insights: Global High Voltage Direct Current (HVDC) Transmission Systems Market
The global High Voltage Direct Current (HVDC) Transmission Systems market size is projected to reach US$ XX million by 2026, from US$ XX million in 2019, at a CAGR of XX% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global High Voltage Direct Current (HVDC) Transmission Systems market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global High Voltage Direct Current (HVDC) Transmission Systems market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global High Voltage Direct Current (HVDC) Transmission Systems market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global High Voltage Direct Current (HVDC) Transmission Systems market.
Global High Voltage Direct Current (HVDC) Transmission Systems Scope and Market Size
High Voltage Direct Current (HVDC) Transmission Systems market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global High Voltage Direct Current (HVDC) Transmission Systems market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
Submarine HVDC Transmission System
HVDC Overhead Transmission System
HVDC Underground Transmission System
Segment by Application
Underground / Underwater Power Transmission
Asynchronous Grid Interconnection
Off-Shore Power Transmission
Multi Terminal (HVDC Networked Grids)
Island Connections
Off-Shore Wind Farms
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
ABB
GE Grid Solutions
Siemens
Nexans
NKT
Toshiba
NR Electric
Prysmian Group
American Semiconductor
Nexans
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