HVDC Transmission Market Research Report Information Forecast 2027

HVDC Transmission Market Research Report Information Forecast 2027

Market Overview

During the forecast period, it is anticipated that the size of the global HVDC transmission market will register a noteworthy CAGR of 8.6%. Direct flow and high voltage direct current (HVDC) are used for power transmission across vast distances. HVDC transmission asynchronously connects electricity grids in far-off places due to the direct current (DC), removing various factors that could cause outages. The expansion of the HVDC transmission business soon is due in part to the fact that HVDC transmission is more inexpensive for long-distance power transfer and results in fewer electrical disasters.

A breakthrough technology for the HVDC transmission market called Voltage Source Converter-based High Voltage Direct Current (VSC-HVDC) offers total flow control in both directions, avoids fault propagation, enhances voltage stability, and lowers network losses. Some of the VSC-HVDC systems used in the market today include HVDC Light (ABB), HVDC Plus (Siemens), and MonSin (GE/Alstom). In addition, VSC technology has several advantages over traditionally employed line-commutated conversion (LCC) technology. The benefits include the ability to start with a black start, more power and voltage at the same price, less physical dimensions, making VSC-HVDC conversion stations 20–30% smaller than LCC-based stations. The demand for VSC-HVDC transmission capability rises because of these considerations.

Market Segmentation

The Global HVDC Transmission Market is segmented into LCC AND VSC based on the type of technology used. The Global HVDC Transmission Market is divided into three areas based on the kind of application: underground, asynchronous, and offshore. The Global HVDC Transmission Market is segmented based on the configuration type as Monopolar, Bipolar, Multi Terminal, and Back-To-Back. The categories of the global HVDC transmission market based on voltage rating type include 640 kV, 500 kV, and 200 kV.

Regional Analysis

The geographic segments of the HVDC Transmission market are North America, Europe, Asia-Pacific, Rest of the World. The Asia-Pacific is supposed to be the main region in the market. The development of a force framework in this district presents various open doors for market members. China is placing a huge amount of cash into sustainable power and involving the most exceptional UHVDC innovation for power transmission. For instance, China is as of now constructing two of the world's most impressive and longest HVDC power transmission thruways, each with an ostensible limit of 3,000 MW. Before long, these elements are supposed to push the HVDC market in Asia-Pacific.

The HVDC transmission systems market in North America is anticipated to develop during the gauge time frame, attributable to plans to foster the seaward wind ranch area, modest significant distance transmission expenses, controllability, and low short outflow. Because of the extension of the sustainable power age and seaward wind establishments, the US held the best market share in North America over the projection period. The exploration likewise incorporates a country-by-country investigation of North America, including the US, Canada, and Mexico.

Major Players

The Key Companies covered in the report are Siemens (Germany), Toshiba Corporation (Japan), ABB Group (Switzerland), Schneider Electric (France), Adani (India), Hitachi Energy (Japan), General Electric Co. (US), Mitsubishi Electric Corporation (Tokyo), Alstom (France), NKT A/S (Copenhagen), and Nexans (France).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.Siemens (Germany)
Toshiba Corporation (Japan)
ABB Group (Switzerland)
Schneider Electric (France)
Adani (India)
Hitachi Energy (Japan)
General Electric Co. (US)
Mitsubishi Electric Corporation (Tokyo)
Alstom (France)
NKT A/S (Copenhagen)
and Nexans (France).

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