HVDC Converter Station Market by Configuration, Technology, Component, Power Rating, and Region – Global Forecast to 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "HVDC
Converter Station Market by Configuration (Monopolar, Bi-Polar,
Back-to-Back, Multi-Terminal), Technology (LCC, VSC), Component (Valve,
Converter Transformer, Harmonic Filter, Reactor), Power Rating, and
Region – Global Forecast to 2022" report has been added to Research
and Markets' offering.

The HVDC converter station market is projected to reach USD 11.57
billion by 2022 from USD 7.90 billion in 2017, at a CAGR of 7.92%,
during the forecast period.

The growth of the market is driven by certain parameters such as the
increase in demand for cost-effective solutions for long distance power
distribution, from major economies across the world. In addition to
this, the capability of HVDC converter stations to integrate the
renewable resource with the main grid is a market opportunity for HVDC
converter stations.

Factors such as a lengthy process for approval of the project and the
higher one-time installation cost can hinder the growth in the HVDC
converter station market. The major advantage of HVDC converter stations
is its capability to connect renewable power sources to the main grid
and is also the driving force for the market.

The market in Europe is currently the largest market for HVDC converter
stations, followed by Asia Pacific. The market in Asia Pacific is
primarily driven by China and India as these are the major economies in
the region which have a huge demand for efficient power transmission
systems.

Asia Pacific has the largest installation of HVDC converter stations in
the world owing to the requirement of bulk power transport. Moreover,
China has a number of regional players as NR Electric and C-EPRI, among
others in the HVDC converter station market to meet the requirement of
its large UHVDC projects. China is planning to connect different power
grids to a central line, driving the market for HVDC converter stations.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 HVDC Converter Station Market, By Configuration

7 HVDC Converter Station Market, By Technology

8 HVDC Converter Station Market, By Component

9 HVDC Converter Station Market, By Power Rating

10 HVDC Converter Station Market, By Region

11 Competitive Landscape

12 Company Profiles

• ABB
• Bhel
• C-Epri Power Engineering Company
• China Xian XD Power System
• GE
• Hyosung
• LSIS
• Mitsubishi
• NR Electric
• Siemens
• Toshiba
• XJ Electric

For more information about this report visit https://www.researchandmarkets.com/research/cfq3mf/hvdc_converter?w=4

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Topics: Electricity