HVDC Transmission Market Size, Current Trends, Business Boosting Strategies, Opportunities, Prominent Players, Emerging Technologies and Forecast To 2023

HVDC Transmission Market Research Report: Information by Technology (LCC, VSC) Application (Underground, Offshore, Asynchronous grid) Configuration (Monopolar, bipolar, back-to-back, multi terminal), Voltage rating (800 kV)- Forecast till 2023

The growth of global HVDC transmission market is encouraged by the growing demand for electrical power from offshore wind farms. As the traditional transmission system has become obsolete and out dated, the HVDC transmission systems help in better transmission systems than conventional AC systems and reduce losses in transmitting electricity. Other than this, HVDC transmission significantly help fetch power from the offshore power sources. With the trend of smart cities, conventional overhead transmission cables are expected to be replaced with HVDC Underground transmission cables. Installation of HVDC transmission cables will further compensate the transmission of electricity, internationally, by asynchronous grid systems.

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HVDC transmission systems are expected to improve the grid connectivity with asynchronous grid that will draw power from various sources. The global power industry is planning to invest in renewable sources as renewable sector has high demands from all across the world. HVDC transmission systems will help the power grid to have access to power generated from offshore wind source. The HVDC Transmission process, by technology, is segmented as low commutated converters and high source converter. By deploying HVDC cables in the power transmission systems, the underground cable project for smart cities will be fulfilled.

Industry Segmentation:

Global HVDC transmission market has been segmented on the basis of technology, application, configuration, and voltage rating and region.

Based on technology, HVDC transmission market is categorized as Low Commuted Converter (LCC) and Voltage Sourced Converter (VSC).

On the basis of application, the market is further segmented into underground cables, asynchronous grids and offshore cables.

Based on configuration, the market is segmented into mono-polar, bi-polar, back-to-back, and multi-terminal links.

By region, the market is segmented into the regions of North America, Europe, Asia- Pacific, and Rest of the World.

Key Players

The key players of global HVDC transmission market are Seimens AG (Germany), Hitachi (Japan), ABB (Switzerland), Schneider Electric (France), Toshiba (Japan), Alstom (France), and General Electric (U.S.). DATC (U.S), Mitsubishi (Japan), NKT Holdings (Denmark), Adani (India), Nexans (France), Prysmian Group (Italy), and C-EPRI Electric Power Engineering Co., Ltd (China) are among others.

Table Of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global HVDC Transmission Market, By Technology Type

5.1 Introduction

5.2 LCC

5.2.1 Market Estimates & Forecast, 2018-2023

5.2.2 Market Estimates & Forecast By Region, 2018-2023 Current Source Converter Based Technology

5.3 VSC

5.3.1 Market Estimates & Forecast, 2018-2023

5.3.2 Market Estimates & Forecast By Region, 2018-2023 Self-Commutated Converter Based Technology


List Of Figures

Figure 1 Research Process Of MRFR

Figure 2 Top Down & Bottom Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Figure 7 Value Chain Analysis


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