Global HVDC Transmission Market Analysis and Forecast (2023-2029)
Market Values:
The HVDC Transmission Market is poised to reach US$ 17.47 Bn. by 2029, exhibiting a remarkable CAGR of 6.9% during the forecast period.
Report Scope:
The report delves into the extensive landscape of high voltage direct current (HVDC) transmission systems, elucidating their role in long-distance power transmission. Focusing on market dynamics, research methodology, and regional insights, the report provides a comprehensive understanding of the global HVDC transmission market.
Research Methodology:
The research methodology employed in this report ensures a thorough analysis of past market dynamics from 2018 to 2022. By benchmarking historical trends against current scenarios, readers gain valuable insights into market evolution. The report covers key players' contributions and analyzes the market based on converter stations, transmission cables, and other key parameters.
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Dynamics:
The rising global demand for electricity, fueled by increasing populations and the adoption of electrically powered devices, is a driving force behind the growth of the HVDC transmission market. Cable-based transmission emerges as a safer alternative to overhead lines, addressing concerns related to human safety. The report highlights the significance of optical fiber demand, lower transmission losses, and the need for reduced space for transmission towers as key dynamics shaping the HVDC transmission market.
Regional Insights:
Fast urbanization, government reforms, and the need for electricity transmission over long distances with minimal losses are driving the HVDC transmission market, particularly in the Asia-Pacific region and other emerging economies. Government investments in electricity infrastructure development contribute to increased demand for HVDC transmissions, especially in remote areas. The report explores the impact of global initiatives, community-based electrification, and public-private funding on the industry outlook.
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HVDC Transmission Market Segmentation:
by Project Type
Point-To-Point Transmission
Back-To-Back Stations
Multi-Terminal Systems
by Technology
Capacitor Commutated Converter
Voltage Source Converter
Line Commutated Converter.
by Application
Bulk Power Transmission
Interconnecting Grids
Infeed Urban Areas
HVDC Transmission Market Key Players:
1. ABB
2. Siemens
3. General Electric
4. Hitachi
5. Mitsubishi Electric
6. Nexans
7. NKT A/S
8. NR Electric
9. C-Epri Electric Power Engineering
10.Prysmian Group
11.Schneider Electric
12.Toshiba
13.Epcos
14.Aecom
15.PSC Group
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Table of content for the HVDC Transmission Market includes:
- Global HVDC Transmission Market : Research Methodology
- Global HVDC Transmission Market : Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global HVDC Transmission Market : Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- MA by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size and Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by growth and trend
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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