Global High Voltage Direct Current (HVDC) Transmission Systems Market 2017-2021

This industry research report identifies ABB, GE Grid Solutions, Hitachi, Mitsubishi Electric Corporation, and Siemens as the key vendors in the global high voltage direct current (HVDC) transmission systems market. This industry research report also presents a comprehensive analysis of the market by power rating (up to 500 MW, between 501 MW-2,000 MW, and above 2,001 MW), by components (substations, underground cables, and overhead cables), and by geography (the Americas, APAC, and EMEA).

Overview of the global high voltage direct current (HVDC) transmission systems market

Research analysis on the global high voltage direct current (HVDC) transmission systems market identifies that the demand for HVDC transmission systems will increase in the coming years since they are the optimal solution for long distance transmission. The increasing demand for power for commercial, industrial, and household activities has increased the need for developing a diverse portfolio of energy generation mix. Additionally, it has also resulted in the supply of high voltage power through long transmission lines. In HVAC, the system can limit large voltage transfer due to its reactive power flow, whereas in HVDC, there is no limitation on large voltage transmission through cables. This makes it an optimal solution for transmitting large voltage over a long distance. According to Technavio’s market research analysts, the HVDC transmission systems market will grow at a CAGR of almost 16% by 2021.

The emergence of hybrid HVDC circuit breakers will be one of the latest trends that will gain traction in the HVDC transmission systems market during the next four years. The existing power transmission lines that use AC systems for the transmission of power are now converted into DC systems to increase power transmitting limits. The use of HVDC breakers can help in reducing the fault current to flow into the system. Moreover, it can also reduce the bottleneck in HVDC transmission grids and provide integration between renewable energy and HVDC transmission interconnections.

Competitive landscape and key vendors

Owing to the presence of several large and small scale vendors, this market appears to be highly fragmented. The vendors in the market offer an extensive range of products, such as capacitors, transformers, and cables and also provide complete turnkey development. The vendors in this HVDC transmission market mainly offer customized solutions based on the requirement.

The leading vendors in the market are -

• ABB
• GE Grid Solutions
• Hitachi
• Mitsubishi Electric Corporation
• Siemens AG

The other prominent vendors in the market are Nexans, NKT, Toshiba, NR Electric, Prysmian Group, American Semiconductor, TransGrid Solutions, HVDC Technologies, ATCO Electric, and LSIS.

Segmentation by power rating and analysis of the HVDC transmission systems market

• Up to 500 MW
• Between 501 mW-2,000 MW
• Above 2,001 MW

During 2016, the above 2,001 MW segment accounted for the major shares of this market. Several renewable power sources such as wind, solar and hydro power that transmit power more than 2,001 MW are interconnected by a combination of subsea and overhead lines.  The rise in offshore wind farms in the European countries and the increasing number of renewable power plants in the APAC, will drive the growth of the market in this segment.

Geographical segmentation and analysis of the HVDC transmission systems market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to this HVDC transmission market till 2021. There is an increasing number of grid connections in the European countries and the region leads the world in renewable power generation. The rise in the number of offshore wind farms is driving the need for HVDC transmission systems in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global high voltage direct current (HVDC) transmission systems market?
• What are the key market trends impacting the growth of the global high voltage direct current (HVDC) transmission systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global high voltage direct current (HVDC) transmission systems market?
• What are the market opportunities and threats faced by the vendors in the global high voltage direct current (HVDC) transmission systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global high voltage direct current (HVDC) transmission systems market?

Technavio also offers customization on reports based on specific client requirement.

The decommissioning of nuclear and coal power plants is emerging to be one of the primary reasons for the growth of the global high-voltage direct current (HVDC) transmission systems market. This market report on the global HVDC transmission systems market cover vendors like ABB, Siemens, GE, Toshiba, and Mitsubishi to offer a holistic overview of the market for the estimated period of 2017-2021.

This market research report on the global HVDC transmission systems market provides deep insights into the industrial automation industry focusing on major sectors like automation. Furthermore, this report covers geographies like the Americas, APAC, and EMEA to offer a wide-ranging perspective of the market and help the client expand in the niche as well as international markets.

This market research report on the global HVDC transmission systems market offers deep-dive into the market in terms of market segmentation, market share and size, and trends and drivers. Furthermore, this report on the global HVDC transmission systems market follows an in-depth market research methodology including primary and secondary techniques.

Our market report on the global HVDC transmission systems market offers insights into other major segments in the industrial automation industry like the robotics market. This report also considers similar growing markets like the automatic power factor controller market, which is expected to grow rapidly at a CAGR of around 5% by 2021.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.