HVDC Transmission Systems Market in UK 2022-2026

High Voltage Direct Current (HVDC) Transmission Systems Market in UK 2022-2026

Technavio has been monitoring the high voltage direct current (HVDC) transmission systems market in UK and it is poised to grow by $ 328.38 mn during 2022-2026, progressing at a CAGR of 7.78% during the forecast period. Our report on the high voltage direct current (HVDC) transmission systems market in uk provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven optimal solution for long-distance transmission and increasing investments in renewable energy projects. In addition, optimal solution for long-distance transmission is anticipated to boost the growth of the market as well.

The high voltage direct current (HVDC) transmission systems market in UK analysis includes type and component segments.

Technavio's high voltage direct current (HVDC) transmission systems market in UK is segmented as below:

• By Type
• Subsea transmission
• Underground transmission
• Overhead transmission
• By Component
• Converter Stations
• Transmission Medium

This study identifies the growth in offshore wind energyas one of the prime reasons driving the high voltage direct current (HVDC) transmission systems market growth in UK during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on high voltage direct current (HVDC) transmission systems market in UK covers the following areas:

• High voltage direct current (HVDC) transmission systems market sizing
• High voltage direct current (HVDC) transmission systems market forecast
• High voltage direct current (HVDC) transmission systems market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading high voltage direct current (HVDC) transmission systems market vendors in UK that include General Electric Co., Hitachi Ltd., Mitsubishi Electric Corp., National Grid Plc, NR Electric Co. Ltd., Prysmian Spa, Rongxin Power Ltd., Siemens AG, Sumitomo Electric Industries Ltd., and Toshiba Corp. Also, the high voltage direct current (HVDC) transmission systems market in UK analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

General Electric Co., Hitachi Ltd., Mitsubishi Electric Corp., National Grid Plc, NR Electric Co. Ltd., Prysmian Spa, Rongxin Power Ltd., Siemens AG, Sumitomo Electric Industries Ltd., Toshiba Corp.