Global (AMER, APAC, BRICS and EMEA) HVDC Transmission System Market Size, Status and Forecast 2019-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: HVDC Transmission System Market

 

HVDC Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links. The increasing demand for cost-effective solutions for long distance power transmission and integration of VSC technology across grids to enable system security are the major factors that drives the HVDC transmission system market. In Asia Pacific (APAC), China and India are the major contributors to the growth of the HVDC transmission system market due to the growing demand for power in these countries. Some other factors affecting the growth of the market in this region include aging power infrastructure, increase in power consumption pattern, economic uncertainties, and low carbon emission initiatives. High power quality along with reliable and stable power transmission are some of the key requirements in the power industry. This factor is driving the growth of the HVDC transmission market in the APAC region. In China and India, high-power rating projects are more popular as it can supply more power for the huge population. While in Europe, most projects are the low-power rating projects and used for the new energy transmission like the wind energy. Major players operating in the HVDC transmission market are ABB,Siemens,XD , NR Electric,GE Grid Solution, NKT, TBEA, etc. These Chinese players are rising faster through technology joint with the foreign players like ABB and Siemens. And the laters are also expanding their market through this method. In 2018, the global HVDC Transmission System market size was 8402 million US$ and it is expected to reach 16200 million US$ by the end of 2025, with a CAGR of 9.8% during 2019-2025. This report focuses on the global HVDC Transmission System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the HVDC Transmission System development in United States, Europe and China. 

Market Segmentation, Outlook & Regional Insights: HVDC Transmission System Market

Segmentation by Product Type: Breakdown of data from year 2014 to 2019 and forecast until 2025:

High-power Rating Projects
Low power Rating Projects

Segmentation by Application: Breakdown of data from year 2014 to 2019 and forecast until 2025:


Overhead Transmission
Underground Transmission
Subsea Transmission
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

Key Players, Recent Developments & Sector Viewpoints: HVDC Transmission System Market

ABB
Siemens
XD
NR Electric
GE Grid Solution
NKT
TBEA
Xuji
Hitachi
Nexans
Toshiba
Mitsubishi Electric
Abengoa

Key Insights Covered: Exhaustive HVDC Transmission System Market
1.  Market size (sales, revenue and growth rate) of HVDC Transmission System industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of HVDC Transmission System industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of HVDC Transmission System industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of HVDC Transmission System industry.

Research Methodology: HVDC Transmission System Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.