Market Research Report
Global HVDC Transmission System Market Size, Status and Forecast 2022
|Global HVDC Transmission System Market Size, Status and Forecast 2022|
Published: November 30, 2021
Content info: 120 Pages
Delivery time: 2-3 business days
HVDC Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links. HVDC allows power transmission between unsynchronized AC transmission systems. Since the power flow through an HVDC link can be controlled independently of the phase angle between source and load, it can stabilize a network against disturbances due to rapid changes in power. HVDC also allows transfer of power between grid systems running at different frequencies, such as 50 Hz and 60 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.
Global HVDC transmission system key players include ABB, Siemens, XD Group, NR Electric, GE Grid Solution, etc. Global top 5 manufacturers hold a share about 57%. China is the largest market, with a share about 46%, followed by Europe, with a share about 17 percent.
Market Analysis and Insights: Global HVDC Transmission System Market
The global HVDC Transmission System market size is projected to reach US$ 13240 million by 2027, from US$ 8312 million in 2020, at a CAGR of 6.8% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global HVDC Transmission System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global HVDC Transmission System market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global HVDC Transmission System market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global HVDC Transmission System market.
Global HVDC Transmission System Scope and Market Size
HVDC Transmission System market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global HVDC Transmission System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
Segment by Application