HVDC converter station market in Europe is currently the largest market for HVDC converter stations, followed by Asia Pacific. HVDC converter station market analysis during 2017-2022 of 132 pages added by ReportsnReports explores report on “Global HVDC converter station market” is a professional report which provides by Configuration (Monopolar, Bi-Polar, Back-to-Back, Multi-Terminal), Technology (LCC, VSC), Component (Valve, Converter Transformer, Harmonic Filter, Reactor). The HVDC converter station market is projected to reach USD 11.57 billion by 2022 from USD 7.90 billion in 2017, HVDC converter station market at a CAGR of 7.92%, during the forecast period.
The market in Europe is currently the largest market for HVDC converter stations, followed by Asia Pacific. The market in Asia Pacific is primarily driven by China and India as these are the major economies in the region which have a huge demand for efficient power transmission systems. Asia Pacific has the largest installation of HVDC converter stations in the world owing to the requirement of bulk power transport. Moreover, China has a number of regional players as NR Electric and C-EPRI, among others in the HVDC converter station market to meet the requirement of its large UHVDC projects. China is planning to connect different power grids to a central line, driving the market for HVDC converter stations.
The growth of the market is driven by certain parameters such as the increase in demand for cost-effective solutions for long distance power distribution, from major economies across the world. In addition to this, the capability of HVDC converter stations to integrate the renewable resource with the main grid is a market opportunity for HVDC converter stations. Discount on HVDC converter station Market 2017-2022 spreads across 132 pages profiling 12 companies and supported with 60 tables and 41 figures available at http://www.reportsnreports.com/contacts/discount.aspx?name=291920
Leading players in the HVDC converter station market include ABB (Switzerland), Siemens (Germany), General Electric (US), Mitsubishi (Japan), Toshiba (Japan), NE Electric(China), and C-EPRI (China).
The Target Audience For This Report Includes:
- Manufacturers In End-Use Industries
- Manufacturing Technology Providers
- HVDC Converter Station Manufacturers
- HVDC Converter Station Providers
- Raw Material Suppliers
- Government Agencies
- Investors And Financial Community Professionals
- Market Research And Consulting Firms
“This study answers several questions for the stakeholders, primarily, which segments of the market to focus on over the next five years for prioritizing their efforts and investments.”
The HVDC converter station market has been segmented, based on technology, into LCC and VSC. The LCC technology held the largest market share in 2016. The advancement in the thyristor valve technology is expected to drive the market for the LCC technology.
Key Point from Table of Content
6 HVDC Converter Station Market, By Configuration
7 HVDC Converter Station Market, By Technology
8 HVDC Converter Station Market, By Component
8.3 Converter Transformers
8.4 Harmonic Filters
8.6 Circuit Breakers
8.7 Surge Arresters
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