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North American High Voltage Transmission Technologies Market
Frost & Sullivan, Jan 2010, Pages: 56
This study discuss the existing current market dynamics. Implications of the market forces and industry challenges during the forecast period (2010-2012) are analyzed.
Research Overview
This Frost & Sullivan research service titled North American High Voltage Transmission Technologies Market provides overall market growth, revenue analysis, key market participants, competitive structure, industry challenges, as well as drivers and restraints. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: high voltage direct current (HVDC) and flexible alternating current transmission systems (FACTS) (shunt compensation and series compensation).
Market Overview
Increasing Generation of Renewable Power and Integration of Networks Energize the High Voltage Transmission Technologies Market
In 2008, the United States had added over 8 gigawatts of wind power generation capacity; the wind power market had grown by 48.2 percent in 2008, despite the economic slowdown. As wind farms are remote and located far from the centers of demand, there is a need for new transmission network that can effectively transmit power with minimum losses. According to the United States Department of Energy’s recent report, wind energy is expected to account for 20 percent of the country’s energy mix by 2030, which will result in an investment of $60 billion in new wind power transmission projects. “However, building new power lines can be hampered by interference from the local planning authorities, as well as low public acceptance of high voltage power lines in residential and environmentally sensitive areas,” says the analyst of this research. “In such a scenario, utilities are expected to turn to FACTS for higher power flow on existing power lines.”
While FACTS’ benefits are obvious, the slow returns on investments in transmission lines infrastructure will still deter the investors. FACTS is a high-cost investment, with a static volt-ampere-reactive compensator (SVC) costing up to $20 million. Efforts to lower initial costs of investment and conversion losses are expected to result in higher uptake of FACTS and HVDC technologies, especially since utilities are looking to achieve lifecycle cost savings through the implementation of high voltage transmission technologies. “The HVDC could be highly cost-effective in transferring high voltage current over a long distance,” notes the analyst. “With the recent development of power electronics such as insulated gate bipolar transistors (IGBT) and gate turn-off thyristors (GTO), the break-even distance for HVDC for overhead transmission lines is 700 km.” The introduction of innovative technologies will further lower the break-even distance.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
High voltage direct current (HVDC)
Flexible alternating current transmission systems (FACTS)
- Shunt compensation
- Series compensation
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