Global HVDC Transmission Systems Market

The pursuit of clean and renewable power is growing globally year by year. Ways to solve their energy crisis are being looked at by the Governments, and inter-connecting power grids is one of those ways. The challenge is that AC grids at diverse frequencies can't be directly connected. HVDC system allows the asynchronous inter-connection of networks operating at different. In view of their advantages over HVAC transmission systems, they are also fast becoming the favoured technology for long distance power transmission.

The average size of the HVDC transmission systems has risen in recent years. The market for HVDC systems is also growing with more and more countries getting involved in HVDC transmission.

The Global HVDC Transmission market is estimated to value at USD XX.XX billion in 2016 and is expected that it willachieve a value of USD XX.XX billion by the end of 2022. The growth is expected to be at a projected CAGR of XX.XX% during theforecast period of 2017 - 2022.

Market Dynamics

The analysis of the market shows that the major drivers of the growth in the market are expected to be:

--> Rapid growth in the market for circuit breakers and valves

--> Market for valves will grow due to the existence of insulated-gate bipolar transistor (IGBT) valves. These are used majorly in the voltage sourced converter (VSC) technology in the HVDC projects

--> And there is an increase in the demand for VSC technology in HVDC projects which acts as a reason to fuel the growth of valves

--> Increase in the demand of cost-effective ways for long distance power transmission

--> Integration of VSC technology across grids to enable system security

--> Decommissioning of nuclear and coal power plants

Some of the restraints that can limit growth and amplify risk and investment uncertainty are:

--> High cost of installation of HDVC transmission systems

--> Rigid regulation

--> Right-of-way issues

--> Political instability

--> Political opposition to hydropower

Segmentation

The High Voltage Direct Current market can be segmented based on:

--> Component

> Convertor Stations

> Transmission Cables, and

> Others

--> Technology

> Capacitor Commutated Converter (CCC)

> Voltage Source Converter (VSC)

> Line Commutated Converter (LCC)

> Ultra-High Voltage Direct Current (UHVDC)

--> Project Type

> Point-to-point Transmission

> Back-to-back Station

> Multi-terminal System

--> Power Rating

> Below 500 MW

> 501-1000 MW

> 1001-1500 MW

> 1501-2000 MW

> Above 2001 MW

--> Application

> Underground Power Transmission

> Grid Interconnection

> Offshore Power Transmission

--> Geography

> Americas

> Europe

> Asia Pacific (APAC)

> Rest of the World

Geographic Analysis

There is an increase in the no. of grid connections in Europe.The region is the leader of the world in renewable power generation. The upsurge in the no. of off-shore wind farms is amplifying the need for HVDC transmission systems in Europe.

It is likely that the market in Asia Pacific will grow at a high rate in the forecast period. India and China are the chief contributors to the high growth of the HVDC market in Asia Pacificbecause of the growth in demand for power. Other factors that affect the growth in this region include:

--> Increase in power consumption pattern

--> Aging power infrastructure

--> Low carbon emission initiatives, and

--> Economic uncertainties.

Some of the key requirements in the power industry are reliable and Stable power transmissionalong with high power quality. Asia Pacific holds the largest share of the market due to the strong support for HVDC development from the government of India and China.

The market drivers would lead to a growth in the middle east and Africa region. Though the growth won't be as much as in APAC region or the European region, it would still be noteworthy. In the North America region, the market dynamics show a growth in the HVDC market

Key Players

The High Voltage Direct Current transmission market includes:

--> Solution Providers: General Electric Co. (US), Siemens AG (Germany), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan).

--> Component Providers: American Superconductor Corp. (US), Hitachi Ltd. (Japan), Schneider Electric (France), Prysmian Group (Italy), NR Electric Co., Ltd. (China), Sumitomo Electric industries, Ltd. (Japan), C-EPRI Electric Power, Engineering Co., Ltd. (China), Nexans SA (France), NKT A/S (Denmark), and LS Industrial Systems Co., Ltd. (South Korea).

--> Service Providers: HVDC Technologies Ltd (UK), and TransGrid Solutions Inc. (Canada).

The report contains comprehensive analysis on:

--> HVDC Transmission Market Segments

--> HVDC Transmission Market Drivers, Restraints and Opportunities

--> HVDC Transmission Market Size & Forecast 2016 to 2022

--> Supply & Demand Value Chain

--> HVDC Transmission Market Current Trends

--> Competition & Major Companies

--> Technology and R&D Status

--> Porters Five Force Analysis

--> Strategic and Critical Success Factor Analysis of Key Players

Regional analysis for HVDC Transmission Market includes

--> North America

>> US and Canada

--> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

--> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

--> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

--> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

--> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

Report Highlights::

--> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

--> Consumer and Pricing Analysis

--> Market dynamics of the industry

--> In-depth Market Segmentation

--> Historical and Projected Market Sizing in terms of volume and value

--> Recent market trends and Impact Factors

--> R&D Status and Technology Overview

--> Extensive Industry Structure Coverage