PUBLISHER: QYResearch | PRODUCT CODE: 1067636
PUBLISHER: QYResearch | PRODUCT CODE: 1067636
HVDC Transmission 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.
Market Analysis and Insights: Global High Voltage Direct Current (HVDC) Transmission Market
The global High Voltage Direct Current (HVDC) Transmission market size is projected to reach US$ 14750 million by 2028, from US$ 9106.5 million in 2021, at a CAGR of 7.1% during 2022-2028.
Global key players of high voltage direct current (HVDC) transmission include Hitachi ABB Power Grids, Siemens, Prysmian Group, XD Group and GE Grid Solution, etc. Top 2 players occupy for a share about 45%. Asia-Pacific is the largest market, with a share about 62%, followed by North America and Europe. In terms of product, less than 400 KV is the largest segment, with a share over 56%. In terms of application, overhead transmission is the largest market, with a share over 74%.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global High Voltage Direct Current (HVDC) Transmission 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 High Voltage Direct Current (HVDC) Transmission market in terms of revenue.
Overall, 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 High Voltage Direct Current (HVDC) Transmission 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 High Voltage Direct Current (HVDC) Transmission market.
Global High Voltage Direct Current (HVDC) Transmission Scope and Market Size
High Voltage Direct Current (HVDC) Transmission market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global High Voltage Direct Current (HVDC) Transmission 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 for the period 2017-2028.
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