HVDC Converter Stations Market Report introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in HVDC Converter Stations industry.
Synopsis: Power is generated, transmitted and distributed as AC, and most of the time, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high power losses that such transmission involves. In such situations, DC power is used, and the conversion of AC power to DC for transmission is achieved using a converter station.
HVDC Converter Stations Market Segment by Manufacturers, this report covers:
- Power Industry, Powering Island and Remote Loads, Interconnecting Networks, Oil & Gas, Other
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The HVDC Converter Stations market research report analyzes adoption trends, future growth potentials, key drivers, competitive outlook, restraints, opportunities, key challenges, market ecosystem, and revenue chain analysis. This report presents a detailed analysis, market sizing, and forecasting for the emerging segment within the HVDC Converter Stations market. The report is thoroughly segmented by product type, application, vertical, and region.
HVDC Converter Stations Market Segment by Applications, can be divided into:
- Power Industry
- Powering Island and Remote Loads
- Interconnecting Networks
- Oil & Gas
HVDC Converter Stations Market Segment by Type, covers:
- Back to Back
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Scope of HVDC Converter Stations Market:
This report focuses on the HVDC Converter Stations in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The major factors driving the growth of the market is the increasing requirement for cost-effective solutions for bulk power transfer and increasing need for connecting asynchronous grids. Due to these, there has been a rapid adoption of HVDC in Europe and Asia Pacific creating a market opportunity for the HVDC Converter Station Market. Increasing requirement to transfer bulk power over long distances and the connection of the renewable energy resources to the national grid are driving the market for HVDC converter stations.
The rise in the use of thyristor valves has increased the demand for LCC HVDC systems because of the better reliability of the thyristor technology. In the recent years, technical improvements and compact designs with large-capacity thyristors (up to 8.5 kV, 4 kA) have contributed to the progress of HVDC applications in theÂ Asia PacificÂ region, because of which there have been large UHVDC projects with the LCC technology inÂ China. The trend is expected to continue in the by 2022 as the major economies inÂ AsiaÂ andÂ EuropeÂ such asÂ ChinaÂ and the UK, among others are still struggling to meet the energy requirement in the country.
The worldwide market for HVDC Converter Stations is expected to grow at a CAGR of roughly 7.6% over the next five years, will reach 110300 million US$ in 2023, from 71100 million US$ in 2017
Further in the report, HVDC Converter Stations Market is examined for price, cost and gross revenue. These three points are analysed for types, companies and regions. In prolongation with this data sale price for various types, applications and region is also included. The HVDC Converter Stations market consumption for major regions is given. Additionally, type wise and application wise consumption figures are also given.
The report helps answer the following questions:
– What is the current size of the HVDC Converter Stations market?
– How is the HVDC Converter Stations market divided into different types of product segments?
– How are the overall market and different product segments growing?
– How is the market predicted to develop in the future?
The latest industry data included in this report:
– Overall HVDC Converter Stations market size, 2013-2023
– HVDC Converter Stations market size by product segment, 2013-2023
– Growth rates of the overall market and different product segments, 2013-2023
– Shares of different product segments of the overall HVDC Converter Stations market, 2013, 2018, and 2023
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Other Major Topics Covered in HVDC Converter Stations market research report are as follows: Marketing Strategy Analysis, Distributors/Traders included in HVDC Converter Stations Industry: Market Effect Factors Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers in HVDC Converter Stations Market, Manufacturing Expenses, Market Drivers and Opportunities, Mergers & Acquisitions, Expansion, Key Suppliers of Raw Materials, Research Findings and Conclusion, Market Size (Value and Volume) analysis of HVDC Converter Stations market and another component …