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High-Voltage Direct Current Transmission Systems: Global Market Analysis and Forecasts - 4Q 2013

HVDC Converters, Cables, Submarine Interconnections, Multiterminal Grids, and Hybrid Breakers: Global Market Analysis and Forecasts

High-Voltage Direct Current Transmission System revenues will total $56.6 billion between 2013 and 2020. This value is based on the project inventory and conversations with vendors and project developers. Approximately 333 gigawatts (GW) of new HVDC transmission capacity will be added between 2013 and 2020. For comparison, peak demand in the United States is estimated to be approximately 800 GW in 2013. In China alone, nearly 200 GW of new HVDC transmission capacity is planned for build-out over the next 8 years. Energy from hydroelectric generation in distant inland locations will be tapped and transported to power big cities along the eastern and southern coast.

Growth in electricity demand is only one driver in the growth of HVDC transmission. Adverse effects of transmission system congestion and instability need to be fixed. HVDC allows interconnection of regional systems that operate asynchronously, which mitigates many instability issues that otherwise would cause outages in AC transmission. While AC transmission still dominates the transmission industry overall, doubts concerning the limited capability of classic HVDC transmission have been removed by innovative voltage-source converters (VSCs). Interest in VSCs has taken off, and Navigant Research forecasts a growth in demand for this technology. Overall, the global market for HVDC is growing at a steady pace.

Research Description:

The High-Voltage Direct Current Transmission Systems report analyzes the global market for HVDC technologies. The study provides an analysis of the market issues, including trends, drivers, challenges, opportunities, and regulatory factors, related to HVDC systems. An inventory of HVDC lines in construction or planned is used as a basis for the global capacity and revenue forecasts, which are segmented by converter type and region and extend through 2020. The report also examines the key technologies and roadmaps associated with HVDC systems, as well as the competitive landscape.

Key Questions Addressed:

  • What types of HVDC projects have been announced globally for the 2013-2020 timeframe?
  • How does HVDC accommodate renewable integration and increase transmission efficiency?
  • How do HVDC transmission systems perform in comparison to their HVAC equivalents?
  • Who are the key players in the global HVDC market?
  • How much do voltage- and current-source converters (VSCs and CSCs) and cables cost, and what is the potential converter market worldwide?
  • What are multiterminal HVDC systems?
  • What is the average HVDC transmission capacity at various voltage levels for announced projects?

Table of Contents

1. Executive Summary

  • 1.1. Market Overview
  • 1.2. HVDC Drivers
  • 1.3. Key HVDC Technologies
  • 1.4. HVDC Project Survey and Market Forecasts

2. Market Issues

  • 2.1. Introduction
  • 2.2. Market Drivers
    • 2.2.1. Long-Distance Transmission and Cost Considerations
    • 2.2.2. Esthetics
    • 2.2.3. Decommissioning of Nuclear and Coal Power Plants
    • 2.2.4. Onshore Wind
    • 2.2.5. Offshore Wind and Submarine Interconnectors
    • 2.2.6. Synergistic Operation of Wind and Hydropower
    • 2.2.7. Electricity Demand and Load Centers
  • 2.3. Market Challenges
    • 2.3.1. Land Use
    • 2.3.2. Capital Intensive Technology
    • 2.3.3. Distributed Generation and Microgrids
    • 2.3.4. Falling Natural Gas Prices, Coal-to-Gas
    • 2.3.5. Regulatory Policies
  • 2.4. Market Trends and Opportunities by Region
    • 2.4.1. North America
    • 2.4.2. Europe
    • 2.4.3. Asia Pacific
    • 2.4.4. Rest of the World
    • 2.4.5. Subsea Cables

3. Technology Issues

  • 3.1. Introduction to HV Transmission
    • 3.1.1. HVDC
    • 3.1.2. HVAC and HVDC Compared
    • 3.1.3. HVDC and Voltage Levels
  • 3.2. Primary Components of HVDC Systems
    • 3.2.1. Converter Technology
      • 3.2.1.1. Current-Source Converter
      • 3.2.1.2. Voltage-Source Converters
    • 3.2.2. Cables and Conductors
      • 3.2.2.1.. Mass-Impregnated Submarine and Underground Cables
      • 3.2.2.2. Extruded Submarine Cables
      • 3.2.2.3. Overhead Conductors
    • 3.2.3. HVDC System Configurations and Operating Modes
    • 3.2.4. Connecting HVAC Grids
  • 3.3. HVDC Roadmap
    • 3.3.1. Submarine Interconnections
      • 3.3.1.1. Submarine National Grid Interconnections
      • 3.3.1.2. Connecting Wind Farms and Offshore Power Generation
      • 3.3.1.3. HVDC Power Supply to Offshore Facilities
    • 3.3.2. Converter Technology
    • 3.3.3. Multiterminal Operations
      • 3.3.3.1. Use Case: Atlantic Wind Connection
      • 3.3.3.2. Use Case: Quebec-New England Interconnection
      • 3.3.3.3. Use Case: Pacific DC Intertie
    • 3.3.4. Hybrid HVDC Breakers
    • 3.3.5. Superconductors

4. Key Industry Players

  • 4.1. HVDC Suppliers
    • 4.1.1. ABB
    • 4.1.2. Alstom
    • 4.1.3. AMSC
    • 4.1.4. Schweitzer Engineering Laboratories
    • 4.1.5. Siemens AG
  • 4.2. Large Power Grid Operators
    • 4.2.1. China Southern Power Grid Co., Ltd. (CSG)
    • 4.2.2. DONG Energy
    • 4.2.3. EDP
    • 4.2.4. E.ON
    • 4.2.5. GDF Suez
    • 4.2.6. Iberdrola
    • 4.2.7. Korea Electric Power Corporation
    • 4.2.8. Power Grid Corporation of India Ltd. (POWERGRID)
    • 4.2.9. RWE Innogy
    • 4.2.10. State Grid Corporation of China (SGCC)
    • 4.2.11. Statnett
    • 4.2.12. TenneT
    • 4.2.13. Vattenfall
  • 4.3. Cable and Cable Equipment Manufacturers
    • 4.3.1. LS Cable & System
    • 4.3.2. Nexans
    • 4.3.3. nkt cables
    • 4.3.4. Prysmian

5. Market Forecasts

  • 5.1. Introduction
  • 5.2. Forecasting Approach
    • 5.2.1. Pricing Assumptions
  • 5.3. Global HVDC Market Forecast
    • 5.3.1. Global HVDC Converter Market
    • 5.3.2. Global Submarine HVDC Converter Market
  • 5.4. Conclusions and Recommendations

6. Company Directory

7. Acronym and Abbreviation List

8. Table of Contents

9. Table of Charts and Figures

10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Cumulative HVDC Converters Revenue by Region, World Markets: 2013-2020
  • Electricity Demand by Region, World Markets: 2010-2020
  • New Annual HVDC Capacity by Region, World Markets: 2013-2020
  • Annual HVDC Converter Revenue by Region, World Markets: 2013-2020
  • Annual HVDC Converter Revenue by Type, World Markets: 2013-2020

(This Report Contains 40 Charts and Figures. Please Request a Free Sample to See the Complete List.)

List of Tables

  • Examples and Description of BAS Architecture
  • Important M&A Activity in the BAS Market, World Markets: 2010-2013
  • Cumulative HVDC Converters Revenue by Region, World Markets: 2013-2020
  • Total New HVDC Capacity by Segment, World Markets: 2013-2020

(For a Complete List of the 16 Tables in this Report Please Request a Free Sample.)

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