Report Scope:
Comprehensive Analysis of HVDC Transmission, including Converter Stations, Transmission Cables, and Others, with In-depth Insights on Applications, Technologies, and Regional Dynamics.
Research Methodology:
Rigorous Analysis of Past Market Dynamics (2018-2022) to Provide a Benchmark for Current Market Scenarios and Key Player Contributions.
Market Overview:
High Voltage Direct Current (HVDC) Transmission is set to achieve a market value of US$ 17.47 billion by 2029, exhibiting a robust Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period. HVDC systems, leveraging direct current for electricity transmission, are increasingly gaining prominence for their cost-effectiveness and lower electrical losses over long distances.
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Key Dynamics:
The global HVDC Transmission market is being driven by a surge in electricity consumption, fueled by population growth and the widespread use of electrically powered devices. The interconnection of HVDC with Alternative Current grids enhances the reliability and capacity of power grids. Additionally, the rising demand for cable-based transmission, as an alternative to overhead lines, is a key influencer, driven by safety concerns and the need for insulation in cable-based transmission lines.
Regional Insights:
The HVDC Transmission market is witnessing rapid growth globally, with particular emphasis on the Asia-Pacific (APAC) region and other emerging markets. Factors such as fast urbanization, government reforms, and the increasing demand for electricity are driving the market. The need to transmit electricity over long distances with minimal losses, coupled with public and private funding towards decentralized generation units, is shaping the industry outlook.
Market Players and Competition:
In 2018, the HVDC converter station market was dominated by key players, including ABB Ltd, Siemens AG, XJ Group, Grid Solutions, Inc., and Bharat Heavy Electricals Ltd. The demand for power, cross-border transmission, global initiatives for renewable smart grids, and the imperative to reduce CO2 emissions are expected to fuel the growth of the HVDC converter station market.
Research Findings:
The Global HVDC Transmission Market report delves into the classifications of Converter Stations, Transmission Cables, and others, providing detailed insights into applications, project types, technologies, and regional nuances. Past market dynamics from 2018 to 2022 are analyzed, enabling readers to benchmark trends and understand the contributions of key players.
Recommendations and Future Outlook:
The report profiles key players from different regions, offering a comprehensive view of market leaders, followers, and new entrants. Regional impacts on manufacturing costs, supply chain dynamics, availability of raw materials, and the influence of labor costs are assessed, with recommendations for potential hot spots in five regions. The report also covers major countries’ manufacturing policies and analyzes the impact of COVID-19 on demand.
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What is HVDC Transmission Market Segmentation?
by Component
Converter Stations
Transmission Cables
Others
by Project Type
Point-To-Point Transmission
Back-To-Back Stations
Multi-Terminal Systems
Who are HVDC Transmission Market Key Players?
1. ABB
2. Siemens
3. General Electric
4. Hitachi
5. Mitsubishi Electric
6. Nexans
7. NKT A/S
8. NR Electric
9. C-Epri Electric Power Engineering
10.Prysmian Group
11.Schneider Electric
12.Toshiba
13.Epcos
14.Aecom
15.PSC Group
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Table of content for the HVDC Transmission Market includes:
- Global HVDC Transmission Market : Research Methodology
- Global HVDC Transmission Market : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global HVDC Transmission Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- HVDC Transmission Market Size, Share, Size & Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- HVDC Transmission Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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