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HVDC Converter Market is predicted to surpass USD 13 billion by 2025. Positive outlook toward development of inter-regional & cross border electrical networks will propel the industry growth. For instance, in 2015, the EC has set aim to attain minimum interconnection of 15% of the generation capacity by 2030. In addition, increasing efforts to reduce energy losses across transmission and distribution line by advancing the aging transmission infrastructure to achieve energy efficiency targets will complement the business landscape.Request Sample Copy of this Report: https://www.marketstudyreport.com/request-a-sample/2144056/
Increasing capital investments toward expansion of large-scale grid integration and electrical infrastructure project will fuel the LCC HVDC converter market. Ability to transfer large amount electricity over long distances, with extensive overload and black start capability are some of the indispensable parameters making its adoption preferable over its counterparts.
Surging demand for electricity coupled with increasing investments toward development of electrical infrastructure will fuel the China HVDC converter market. For instance, in March 2018, according to energy official, the China announced to invest USD 6.4 billion in upgradation of rural power grid in 26 western and central regions.
Introduction of ambitious renewable electricity targets and favorable measures to enhance cross-border cooperation in regional power sector will propel Europe power HVDC converter market share. Ability to deal with complications associated with cross border integration of electrical systems including harmonized grid safety standards and multi-national transmission will further complement the industry growth.
The <500 kV HVDC converter market was valued over USD 1 billion in 2018. Favorable measures toward integration & installation of renewable power plant along with increasing interconnection of power grid will stimulate the product adoption. For instance, in November 2017, the regulators of Ireland and France announced to spend more than USD 1 billion in the development of high voltage direct current interconnection link.
Introduction of energy efficiency norms supported by rapid integration of clean energy into grid will stimulate the HVDC converter market share. In addition, ongoing investments toward modernization and renovation of the existing power infrastructure across the developed nation will augment the industry dynamics.
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Notable players across HVDC converter market include Mitsubishi Electric, C-EPRI, Siemens, ABB, Toshiba, General Electric, Bharat Heavy Electricals, CG Power and Industrial Solutions among others.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. HVDC Converters Industry Insights
Chapter 4. HVDC Converters Market, By Voltage
Chapter 5. HVDC Converters Market, By Capacity
Chapter 6. HVDC Converters Market, By Configuration
Chapter 7. HVDC Converters Market, By Converter
Chapter 8 HVDC Converters Market, By Region
Chapter 9. Company Profiles
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Related Report:
Global HVDC Converter Stations Market Insights, Forecast to 2025
The HVDC Converter Stations market was valued at 71100 Million US$ in 2018 and is projected to reach 129700 Million US$ by 2025, at a CAGR of 7.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for HVDC Converter Stations.
https://www.marketstudyreport.com/reports/global-hvdc-converter-stations-market-insights-forecast-to-2025
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