High Voltage Direct Current (HVDC) Transmission Systems Market In UK 2024-2028
The high voltage direct current (HVDC) transmission systems market in UK is forecasted to grow by USD 393.4 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The 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, the latest trends and drivers, and the overall market environment. The market is driven by optimal solution for long-distance transmission, increased renewable power generation, and growing demand for power.
Technavio's high voltage direct current (HVDC) transmission systems market in UK is segmented as below:
- By Component
- Converter stations
- Transmission medium
- By Type
- Subsea transmission
- Underground transmission
- Overhead transmission
- By Geographical Landscape
- Europe
This study identifies the growing focus on energy efficiency as one of the prime reasons driving the high voltage direct current (HVDC) transmission systems market in UK growth during the next few years. Also, evolution of smart grids and rising strategic alliances by vendors operating in HVDC transmission system will lead to sizable demand in the market.
The report on the high voltage direct current (HVDC) transmission systems market in UK covers the following areas:
- High voltage direct current (HVDC) transmission systems market in UK sizing
- High voltage direct current (HVDC) transmission systems market in UK forecast
- High voltage direct current (HVDC) transmission systems market in UK industry analysis
The 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 in UK vendors that include ABB Ltd., Aker Solutions ASA, ALSTOM SA, Aquind Ltd., Balfour Beatty PLC, EirGrid PLC, General Electric Co., Hitachi Ltd., Mitsubishi Electric Corp., National Grid PLC, Nexans SA, NR Electric Co. Ltd., Prysmian Spa, Rochling SE and Co. KG, Rongxin Power Ltd., Roxtec International AB, Siemens AG, Sumitomo Electric Industries Ltd., Tele Fonika Kable SA, 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.
The publisher 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. The 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.