Top 5 Vendors in the High Voltage Direct Current Transmission Systems Market | Technavio

October 19, 2017

LONDON–(BUSINESS WIRE)–#Automation—Technavio
has announced the top five leading vendors in their recent global
high voltage direct current (HVDC) transmission systems market
report from 2017-2021. This market research report also lists 10
other prominent vendors that are expected to impact the market during
the forecast period.

Competitive vendor landscape

The global HVDC
transmission systems market has a considerable number of vendors
providing a comprehensive product portfolio, necessary for the
installation of HVDC systems. The prominent players in the market are
ABB, GE, Hitachi, Mitsubishi Electric Corporation, and Siemens AG. These
vendors provide specialized and highly sophisticated HVDC transmission
systems and components. These players offer an extensive range of
products, such as transformers, capacitors, and cables, and provide
complete turnkey development to sustain the competition in the market.
The companies also provide customized services and products as per the
requirements and need of the different end-users.

According to Kalle Palli Rama Deepak, a lead analyst at Technavio for automation
research, “The vendors are increasing the investment in product
development and providing innovative solutions for different
applications. The global HVDC transmission systems market is witnessing
bulk procurement of components from multiple vendors for a single HVDC
project, thereby increasing the need to develop components with reduced
interoperability issues.”

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Technavio market research analysts identify the following key
vendors:

ABB

ABB provides power technology products and automation solutions to
diverse industries, including utilities, transport, manufacturing,
automotive, and infrastructure industries. The company focuses on
maintaining a competitive position in terms of product offerings with
innovative consulting, design, and advanced software-based services. The
company is also focusing on strengthening the cross-business customer
collaboration to simplify and enhance internal processes.

GE Grid Solutions

GE is involved in manufacturing and distribution of products and
services including aircraft engines, power generation, business and
consumer financing, oil and gas production equipment, and industrial
products. The company is providing HVDC products and solutions through a
joint venture with Alstom under GE Grid Solutions.

Hitachi

Hitachi is a global electronics company focused on information and
technology systems, power system, urban development system, industrial,
and transportation. The company is offering HVDC solutions through a
joint venture company Hitachi ABB HVDC Technologies.

Mitsubishi Electric Corporation

Mitsubishi Electric Corporation is a manufacturer and provider of
electronics and electrical equipment used in applications such as
information processing and communication, satellite and communication,
energy, industrial technology, consumer electronics, building equipment,
and transportation. The company announced that it developed a high-speed
direct-current (DC) circuit-interruption technology for railway
power-supply systems.

Siemens

Siemens is a German multinational company with core activities in the
field of industry, energy, healthcare, and infrastructure. The company
has a strong process instrumentation portfolio, offering transmitters
used in various applications. These process instruments are used for
pressure, measuring flow, temperature, and level. In addition, the
company offers process controllers, electro-pneumatic positioners, power
grid and transmission, process recorders, and industrial wireless
sensors.

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