HVDC Transmission Market: is expected to reach US$ 17.47 Bn. by 2029, at a CAGR of 6.9% during the forecast period.
In long-distance transmission, high voltage direct current is used. DC is used for electricity transmission in high voltage direct current power transmission systems. Due to the DC, HVDC systems simultaneously link the electricity grids in that region, eliminating numerous problems-causing interruptions.
HVDC Transmission Overview:
Maximize Market Research’s new report, Global HVDC Transmission 2022-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The study offers a market overview that describes the value chain’s structure, as well as the market’s size, applications, and forecast for the years (2021–2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide HVDC Transmission.
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Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide HVDC Transmission growth, consumption volume, market trends, and company pricing structures throughout the projected period. In-depth research is used in the analysis to examine the market’s complexity. The research provides an overview of the worldwide HVDC Transmission, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. Based on productivity and manufacturing base, this market has been investigated in a number of different ways.
HVDC Transmission Segmentation:
by Component
Converter Stations
Transmission Cables
Others
by Project Type
Point-To-Point Transmission
Back-To-Back Stations
Multi-Terminal Systems
by Technology
Capacitor Commutated Converter
Voltage Source Converter
Line Commutated Converter.
by Application
Bulk Power Transmission
Interconnecting Grids
Infeed Urban Areas
The study on the global HVDC transmission market includes a complete analysis of Converter Stations, Transmission Cables, Other, and Application Market segments for the global HVDC transmission industry include converter stations, project types, technologies, applications, and geographic regions. The study includes analysis of historical market dynamics from 2018 to 2022, which will enable readers to compare historical patterns with current market conditions and the contributions of important players.
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HVDC Transmission Key Players:
It then discusses the top competitors in the worldwide HVDC Transmission, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. The research also evaluates raw material sources, import-export, the value chain, price structure, and the industrial supply chain in addition to capacity utilisation. The following participants are highlighted in this study:
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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Regional Analysis:
The report has analyzed the global HVDC Transmission in the following regions:
- North America (Mexico, Canada, and the United States)
. Germany, France, the United Kingdom, Russia, Italy, and the rest of Europe make up the European Union.
. Asia-Pacific region (including Australia, China, Japan, Korea, Southeast Asia, and Japan)
. Latin America (Brazil, Argentina, Colombia, and the remaining countries in South America) - Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East Africa)
The study offers in-depth perceptions into a wide range of development prospects and obstacles in the aforementioned regions based on various items, applications, end users, and nations, among other factors. The research also includes key features of the worldwide HVDC Transmission, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on HVDC Transmission:
Practically every industry has been hit by the unprecedented global public health disaster known as COVID-19, and the long-term effects are anticipated to have an impact on industry growth for the duration of the forecast period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The updated research includes new information, analysis, projections, and predictions based on COVID-19’s impact on the market.
The HVDC Transmission Report provides key answers to the following questions:
- Which are the major companies in the HVDC Transmission?
- Which is the potential market for LMS in terms of the region?
- Which application area of LMS is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the HVDC Transmission size by 2027?
- What are the market’s chances of growth?
- What is the base year considered in the HVDC Transmission report?
- Which region dominates the HVDC Transmission in terms of market share?
- What factors are anticipated to drive the HVDC Transmission?
