Scope of the Study
High Voltage Direct Current (HVDC), is a well-proven technology that is used to transmit electricity over long distances by submarine cables or overhead transmission lines. HVDC is also used to interconnect separate power systems, where traditional alternating current (AC) connections cannot be used. In an HVDC system, electric power is taken from one point in a three-phase AC network, rehabilitated to DC in a converter station, transmitted to the receiving point by an overhead line or cable and then converted back to AC in another converter station and inoculated into the receiving AC network. Normally, an HVDC transmission has a rated power of more than 100 MW and many are in the 1,000 to 3,000 MW range.
The market study is being classified and major geographies with country level break-up.
ABB Ltd (Switzerland), Siemens AG (Germany), Toshiba Corporation (Japan), General Electric (United States), Schneider Electric (France), Mitsubishi Electric Corporation (Japan), Prysmian Group (Italy), Hitachi (Japan), Nexans (France) and TransGrid Solutions Inc. (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Abengoa S.A. (Spain), ATCO Ltd. (Canada) and LS Industrial Systems Co., Ltd. (South Korea).
Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Global HVDC Transmission System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global HVDC Transmission System market by Type, Application and Region.
On the basis of geography, the market of HVDC Transmission System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Urbanization across the Globe
- Growing Government Initiatives Pertaining To a Shift towards Renewable Energy
- Increasing Demand for Power
- Loss of Electrical Energy during Transmission and Distribution
- Rising Investments to Establish a Sustainable Electrical Network
- Regulatory Standards of Respective Governments
On Sep 19, 2019 - Prysmian Group, a world leader in the energy and telecom cable systems industry, successfully completed the submarine laying operations for the Evia, Andros and Tinos islands interconnections.
Key Target AudienceHVDC Transmission System Providers, Suppliers of Raw Materials, Power Industry, Governmental Bodies and Research Organization
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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