HVDC Transmission Market by Component (Convertor Stations, Transmission Cables, and Others), Technology (CCC, VSC, LCC, and UHVDC), Project Type, Power Rating & Application – Global Forecast to 2023 – Research and Markets

DUBLIN–(BUSINESS WIRE)–The “HVDC
Transmission Market – Global Forecast to 2023” report has been
added to Research and Markets’ offering.

The HVDC transmission market was valued at USD 6.79 Billion in 2016 and
is expected to reach USD 11.52 Billion by 2023, at a CAGR of 7.31%
during the forecast period. Many countries are focusing on innovations
and expansions in the existing projects. This factor would increase the
demand for HVDC transmission systems in the coming years.

The HVDC transmission market has been segmented on the basis of
technology into capacitor commutated converter (CCC), voltage sourced
converter (VSC), line commutate converter (LCC), and ultra-high voltage
direct current (UHVDC). The market for VSC technology is expected to
grow at a higher CAGR during the forecast period. VSC, along with the
offshore platform size, is a smaller and less expensive solution for
HVDC transmission systems. Moreover, VSC requires lesser filters than
LCC, thereby reducing the size of the system. Due to these advantages,
the market for VSC technology is expected to grow faster than that of
the LCC technology.

The HVDC transmission market has been segmented on the basis of project
type, which includes point-to-point transmission, back-to-back stations,
and multi-terminal systems. The European countries’ increasing focus on
power generation from wind energy would further increase the market
share for the multi-terminal system.

Companies Mentioned

• Abb Ltd.
• American Superconductor Corp.
• Atco Electric Ltd.
• C-Epri Electric Power Engineering Co. Ltd
• Double Engineering Company
• Eltek
• Emco Limited
• Epcos
• Europacable
• General Electric
• Hitachi Ltd.
• Hvdc Technologies Ltd.
• Ls Industrial Systems
• Mitsubishi Electric Corporation
• Nexans Sa
• Nkt A/S
• Nr Electric Co. Ltd.
• Origin Electric Co. Ltd.
• Preferred Power Solutions
• Prysmian Group
• Schneider Electric
• Siemens Ag
• Sumitomo Electric Industries Ltd.
• Toshiba Corporation
• Transgrid Solutions Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Hvdc Transmission Market, By Component

8 Hvdc Transmission Market, By Technology

9 Hvdc Transmission Market, By Project Type

10 Hvdc Transmission Market, By Power Rating

11 Hvdc Transmission Market, By Application

12 Geographic Analysis

13 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/8vcx6j/hvdc_transmission

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Related
Topics: Electricity