Market Values:
Expected to Reach US$ 17.47 Billion by 2029, with a CAGR of 6.9%
Report Scope:
The Global HVDC Transmission Market report provides a comprehensive analysis of the market, including Converter Stations, Transmission Cables, and Others, covering aspects such as Project Type, Technology, Application, and Region.
Research Methodology:
The report employs a robust research methodology, analyzing market dynamics from 2018 to 2022, offering readers insights into past trends and current scenarios. Key players’ contributions are highlighted, providing a benchmark for understanding market evolution.
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Market Dynamics:
High voltage direct current (HVDC) systems, utilizing DC for long-distance power transmission, are pivotal in overcoming outages and enhancing power grid reliability. The market is driven by the rising global electricity consumption, fueled by population growth and increasing use of electric devices. The demand for cable-based transmission as a safer alternative to overhead lines, coupled with the need for reduced transmission losses, propels the market forward.
Optical Fiber Demand:
Transmission over cable-based lines reduces losses due to high voltage and the nature of DC, driving the acceptance of HVDC transmission. The market benefits from the compact tower space required for HVDC transmission lines, although challenges arise from power responsibilities during short circuits in the AC power system.
Regional Insights:
Fast urbanization, government reforms, and increasing electricity demand in the Asia-Pacific region and emerging economies drive the HVDC Transmission market. Public and private funding toward decentralized generation units, along with the global push for renewable smart grids, contributes to industry growth. Governments worldwide invest in electricity infrastructure development, promoting the adoption of HVDC Transmissions in distant areas.
Conclusion:
The Global HVDC Transmission Market report offers a thorough analysis of market dynamics, highlighting the significant role of HVDC systems in global electricity transmission. The report aids readers in understanding past trends, current market scenarios, and future hot spots across five regions. Recommendations for the future are provided based on in-depth analyses of manufacturing environments, supply chains, and regional impacts.
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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
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
- Past Pricing and price curve by region
- Market Size, Share, Size and Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by growth and trend
- 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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