Market Research Report
High Voltage Direct Current (HVDC) Transmission - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||804333|
|Published||Content info||199 Pages
Delivery time: 2-3 business days
|High Voltage Direct Current (HVDC) Transmission - Global Market Outlook (2017-2026)|
|Published: February 1, 2019||Content info: 199 Pages||
According to Stratistics MRC, the Global High Voltage Direct Current (HVDC) Transmission market is accounted for $7.66 billion in 2017 and is expected to reach $16.25 billion by 2026 growing at a CAGR of 8.7% during the forecast period. Steady government strategies and activities for HVDC transmission and difficulties with atomic and non-renewable energy source encouraged power plants are impacting the market growth. However, stunning expense of Installing HVDC Transmission Systems is restricting the market growth.
A high-voltage, direct flow (HVDC) electric power transmission framework (additionally called a power superhighway or an electrical superhighway) utilizes direct flow for the mass transmission of electrical power, conversely with the more typical exchanging flow (AC) frameworks. For long-remove transmission, HVDC frameworks might be more affordable and endure lower electrical misfortunes. For submerged power links, HVDC maintains a strategic distance from the substantial flows required to charge and release the link capacitance each cycle. For shorter separations, the greater expense of DC transformation gear contrasted with an AC framework may even now be advocated, because of different advantages of direct current connections. HVDC utilizes voltages between 100 kV and 1,500 kV.
Amongst Application, Infeed Urban Areas segment accounted for the significant market share in the global market due to it is perfect for bolstering power into thickly populated urban areas, where the thickness of required overhead wires could cause noteworthy obstacles. Regardless of being progressively costly, underground electrical cables usage is expanding in urban territories.
By geography, Asia Pacific acquired the largest market share in the global market owing to improvement of intensity foundation in this district offers numerous development open doors for market players. China is putting energetically in sustainable power source and executing most recent UHVDC innovation for power transmission.
Some of the key players in the global High Voltage Direct Current (HVDC) Transmission market include Prysmian Group, C-Epri Electric Power Engineering, NR Electric, NKT A/S, Nexans, Mitsubishi Electric, Hitachi, General Electric, Siemens, ABB, PSC Group, Aecom, Epcos, Toshiba and Schneider Electric.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in above manner