The global HVDC Transmission Market was valued at USD 6.45 billion in 2016 and is projected to reach USD 12.11 billion by 2025, growing at a CAGR of 7.25% from 2017 to 2025.
A high-voltage, direct current (HVDC) electric power transmission system (also called a power super highway or an electrical super highway) uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing Demand for Cost-Effective Solutions
1.2 Growing demand for System security offered by VCS Technology
1.3 Growing number ofregulations supporting Energy policies in Europe
1.4 Decommissioning of Nuclear and Coal Power Plants
2. Market Restraints
2.1 Rise in the Cost of Components
2.2 High installation costs
Market Segmentation:
1. Global HVDC Transmission Market, by Project Type:
1.1 Point-To-Point Transmission
1.1.1 Monopolar
1.1.2 Bipolar
1.2 Back-To-Back Stations
1.3 Multi-Terminal Systems
1.3.1 Series Multi-Terminal Systems
1.3.2 Parallel Multi-Terminal Systems
2. Global HVDC Transmission Market, by Technology:
2.1 Capacitor Commutated Converter (CCC) Based
2.2 Voltage Source Converter (VSC) Based
2.3 Line Commutated Converter (LCC) Based (Thyristor Based)
2.4 UHVDC
3. Global HVDC Transmission Market, by Application:
3.1 Underground Power Transmission
3.1.1 Islands
3.1.2 Urban Areas
3.1.3 Industrial Locations
3.2 Asynchronous Grid Interconnection
3.3 Off-Shore Power Transmission
3.3.1 Wind Projects
3.3.2 Oil & Gas
4. Global HVDC Transmission Market, by Power Rating:
4.1 Below 500 MW
4.2 501â€"1000 MW
4.3 1001â€"1500 MW
4.4 1501â€"2000 MW
4.5 Above 2001 MW
5. Global HVDC Transmission Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. ABB Ltd.
2. Siemens AG
3. General Electric
4. Toshiba Corporation
5. Mitsubishi Electric Corporation
6. Nexans SA
7. NKT A/S
8. Hitachi Ltd.
9. Schneider Electric
10. NR Electric Co., Ltd.
11. Prysmian Group
12. C-EPRI Electric Power Engineering Co., Ltd
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the HVDC Transmission Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
INTRODUCTION OF GLOBAL HVDC TRANSMISSION MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL HVDC TRANSMISSION MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL HVDC TRANSMISSION MARKET, BY PROJECT TYPE
5.1 Point-To-Point Transmission
5.1.1 Monopolar
5.1.2 Bipolar
5.2 Back-To-Back Stations
5.3 Multi-Terminal Systems
5.3.1 Series Multi-Terminal Systems
5.3.2 Parallel Multi-Terminal Systems
6 GLOBAL HVDC TRANSMISSION MARKET, BY TECHNOLOGY
6.1 Capacitor Commutated Converter (CCC) Based
6.2 Voltage Source Converter (VSC) Based
6.3 Line Commutated Converter (LCC) Based (Thyristor Based)
6.4 UHVDC
7 GLOBAL HVDC TRANSMISSION MARKET, BY APPLICATION
7.1 Underground Power Transmission
7.1.1 Islands
7.1.2 Urban Areas
7.1.3 Industrial Locations
7.2 Asynchronous Grid Interconnection
7.3 Off-Shore Power Transmission
7.3.1 Wind Projects
7.3.2 Oil & Gas
8 GLOBAL HVDC TRANSMISSION MARKET, BY POWER RATING
8.1 Below 500 MW
8.2 501â€"1000 MW
8.3 1001â€"1500 MW
8.4 1501â€"2000 MW
8.5 Above 2001 MW
9 GLOBAL HVDC TRANSMISSION MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
9.5.1 Brazil
9.5.2 Argentina
9.6 Rest of the World Regional Market Estimates and Forecasts, 2012 â€" 2025
10 GLOBAL HVDC TRANSMISSION MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Share
10.3 Vendor Landscape
10.4 Key Development Strategies
11 COMPANY PROFILES
11.1 ABB Ltd.
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Siemens AG
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 General Electric
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 Toshiba Corporation
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Mitsubishi Electric Corporation
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 Nexans SA
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 NKT A/S
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Hitachi Ltd.
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 Schneider Electric
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 NR Electric Co., Ltd.
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
11.11 Prysmian Group
11.11.1 Overview
11.11.2 Financial Performance
11.11.3 Product Outlook
11.11.4 Key Developments
11.12 C-EPRI Electric Power Engineering Co., Ltd
11.12.1 Overview
11.12.2 Financial Performance
11.12.3 Product Outlook
11.12.4 Key Developments
12 Appendix
12.1 Related Reports
The Transmission Remanufacturing Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufa...
The Secure Data Transmission Solutions Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, ...
The High Voltage Underground Transmission Service Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive ...
The Automotives Transmission Mount Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, man...
The Smart Digital Transmission Substation Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscap...
The Digital Power Grid Transmission and Distribution Substation Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity...
The Digital Monitoring System for Power Transmission Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competiti...
The Automotive Transmission Fluid Temperature Sensor Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competiti...
Executive Summary
Azoth Analytics has released a research report titled "Global EV Transmission Systems Market (2023 Edition)" which provides a complete analysis of the Global EV Transmission Systems industry in terms of market segmentation By Type (Single Speed and Multi Speed), By EV ...
Overview of the Global Hospital Logistics Automated Transmission System Market:
The report discusses everything a marketer requires before investing in the global Hospital Logistics Automated Transmission System Mar...