The
HVDC transmission market is
witnessing an exponential growth across the globe. HVDC is a technology that is
used in long-distance transmission of bulk power. This transmission is
efficient as there is minimal electricity loss due to direct control over
long-distance power flow. This makes the HVDC transmission technology valuable
for overcoming an important problem associated with renewable energy
generation, as a lot of power was lost in transmission of energy through
renewable sources. The primary reason behind the loss in such power is high
voltage current being converted to alternate current. HVDC system assists in
connecting power grids with a direct current that improves stability and
transmission capacity of an area.
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The
HVDC transmission systems are cost-effective for transmission of electricity
and they enable easy transmission of power generated from wind panels and solar
panels that are at long distances. There are several factors contributing to
HVDC transmission market growth, such as rapid industrialization across the
globe and significant demand for renewable energy sources. Rapid
industrialization across the globe has been reported due to government
initiatives for domestic manufacturing of goods. For instance, Made in China is
an initiative aimed to make China leader in global high-tech manufacturing. CCP
(Chinese Communist Party) has taken steps to shift focus towards significant
production of energy, mining products, and consumer goods such as footwear and
clothing, which constitute almost half of the country’s economy.
Such
government initiatives are supporting industrialization and thereby, leading to
an increase in the consumption of energy. As a result, this significantly
increases the need for more facilities in transmission and interconnection
systems at optimal cost, which in turn, surges the demand for HVAC (High
Voltage Alternating Current) and HVDC transmission systems. HVDC transmission
systems are considered as a more efficient and economical way of power
transmission as it can transport power efficiently and cost-effectively over
long distances with reduced transmission lines rather than losses in AC
systems. In addition, only two conductors are required for a single line in DC
transmission, while in AC transmission, minimum of three conductors are
required and for double circuit line, six conductors are required. Therefore,
the HVDC transmission system is a cost-effective way to transmit power over
long distances.
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here to know more about HVDC
transmission market study.
HVDC
Transmission Market- Segmentation
By
Type
- Point-to-Point
System
- Back-to-Back
System
- Multi Terminal
System
By
Technology
- Voltage Source
Converter (VSC)
- Line
Commutated Converters (LCC)
By
Application
- Bulk Power
Transmission
- Interconnecting
Grids
- Infeed Urban
Areas
HVDC
Transmission Market- Region
North
America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of
Asia-Pacific
Rest
of the World
- Middle East
& Africa
- Latin America
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The key objectives of the HVDC transmission Market study:
·
To analyze the HVDC transmission Market size
(values and volume) by segments with historical data of 2017 and 2018 and
forecast to 2025.
·
To study the key factors influencing the growth
of the market.
·
Focuses on the key leaders to define and analyze
the sales volume, value, share, competitive landscapes, SWOT analysis, and
development plans.
·
To analyze the HVDC transmission Market growth,
global trends, future prospectus and contribution to the market.
Related Reports:
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Contact Person: Mr. Anurag Tiwari
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