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HVDC Transmission Market by Technology, Configuration, Power Rating, Application, Component & Geography - Forecast Analysis to 2014 - 2020

  • ID: 2637608
  • January 2015
  • Region: Global
  • 19 Pages
  • Markets and Markets
The HVDC transmission market is expected to grow at a CAGR of 17.13% in the next five years (2014-2020).

FEATURED COMPANIES

  • ABB Ltd.
  • Aecom
  • Alstom SA
  • General Electric Co.
  • Hitachi Ltd.
  • National Grid
  • MORE

HVDC Transmission Market by Technology (LCC & VSC), Configuration (Back to Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 1001 MW–1500, 1501-2000 MW & Above 2000 MW), Application, Component & Geography - Forecast Analysis to 2014 - 2020

An HVDC transmission system is basically environment-friendly because improved energy transmission possibilities contribute to a more efficient utilization of existing power plants. The ever increasing demand of electricity has laid enormous pressures on the present infrastructure of the power generation capacity. HVDC systems can transmit more electrical power over longer distances than a similar alternating current (AC) transmission system, which means fewer transmission lines are needed, saving both money and land. Beside power generation, transmission loss is also of the main worries as huge transmission losses are being incurred by the present AC transmission. Hence, HVDC transmission becomes an interesting preposition across the globe due to its lower transmission losses, asynchronous interconnection and the capability to deliver bulk power for long distance transmission.

The HVDC market is READ MORE >

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Aecom
  • Alstom SA
  • General Electric Co.
  • Hitachi Ltd.
  • National Grid
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Markets Covered
1.4 Stakeholders
1.5 Market Scope
1.5.1 Year Consideration
1.5.2 Package
1.5.3 Currency
1.5.4 Limitation

2 Research Methodology
2.1 Market Size Estimation
2.2 Factor Analysis
2.2.1 Demand Side Analysis
2.2.2 Supply Side Analysis
2.3 Market Share Estimation
2.3.1 Key Data Taken From Secondary Sources
2.3.2 Key Data Points Taken From Primary Sources
2.3.3 Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Market Segmentation: By Technology
5.2.2 Market Segmentation : By Configuration
5.2.3 Market Segmentation : By Component
5.2.4 Market Segmentation : By Application
5.2.5 Market Segmentation :By Power Rating
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Need for Advanced HVDC Control in Power Systems
5.3.1.2 Growing Demand to Reduce Transmission Losses in Power Systems
5.3.1.3 Rising Government Mandates in HVDC Power Transmission
5.3.1.4 High Investment in offshore Wind Transmission infrastructure
5.3.2 Restraints
5.3.2.1 High Cost of Installation in HVDC Transmission Systems
5.3.2.2 Lack of Standardization of HVDC Transmission Systems
5.3.3 Opportunities
5.3.3.1 Growing Need for Integrated Networks
5.3.3.2 High-Tech Power Grid Will Give Rise in Power Trading Among the Nearby Nations
5.3.4 Challenges
5.3.4.1 Increasing Interoperability Among the Neighboring Networks
5.3.5 Burning Issue
5.3.5.1 De-Carbonization of Power Systems

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five forces Analysis
6.3.1 Threat From New Entrants
6.3.2 Threat From Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Strategic Benchmarking
6.4.1 New Contracts and Product Launches in the HVDC Transmission Market

7 Market By Technology
7.1 Introduction
7.2 Line Commutated Converter (LCC)
7.2.1 Components of LCC HVDC System
7.2.2 Significance of Line Commutated Converter
7.3 Capacitor Commutated Converter (CCC)
7.3.1 Functions of CCC
7.3.2 Significance of Capacitor Commutated Converter
7.4 Voltage Source Converter (VSC)
7.4.1 Components of VSC
7.4.2 Significance of VSC Based Converter
7.5 Comparision of LCC & VSC
7.6 Comparision of HVDC & HVAC

8 Market By Configuration
8.1 Introduction
8.2 Back to Back (BTB)
8.2.1 Significance of Back to Back Configuration
8.3 Monopolar
8.3.1 Significance of Monopolar Configuration
8.4 Bipolar
8.4.1 Benefits of Bipolar Configuration
8.5 Multi-Terminal
8.5.1 Benefits of Bipolar Configuration

9 Market By Components
9.1 Introduction
9.2 Thyristor Valves
9.3 Converter Transformers
9.4 Smoothing Reactor
9.5 Surge Arrester
9.6 Harmonic Filters
9.7 DC Transmission Circuit
9.7.1 DC Transmission Line
9.7.2 DC Cable
9.7.3 High Speed DC Switches
9.7.4 Earth Electrode
9.8 DC Breaker
9.9 Control & Protection

10 Market By Application
10.1 Introduction
10.2 Underground Power Links
10.3 Powering Island and Remote Loads
10.3 Connecting Wind Farms
10.4 Interconnecting Networks
10.5 Oil & Gas offshore

11 Market By Power Rating
11.1 Introduction
11.2 Below 500 MW
11.3 501 MW-1000 MW
11.4 1001 MW-1500 MW
11.5 1501 MW-2000 MW
11.6 Above 2001 MW

12 Geographic Analysis
12.1 Introduction
12.2 Americas
12.2.1 U.S.
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 U.K
12.3.2 Germany
12.3.3 Russia
12.3.4 France
12.3.5 Others
12.4 Asia-Pacific
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 South Korea
12.4.5 Others
12.5 ROW
12.5.1 Latin America
12.5.2 Middle East
12.5.3 Africa

13 Competitive Landscape

14 Company Profiles
14.1 Introduction
14.2 ABB Ltd.
14.2.1 Business Overview
14.2.2 Product Portfolio
14.2.3 Key Strategy
14.2.4 Recent Developments
14.2.5 MNM View
14.2.5.1 SWOT Analysis
14.3 Alstom SA
14.3.1 Business Overview
14.3.2 Products offered
14.3.3 Key Strategy
14.3.4 Recent Developments
14.3.5 MNM View
14.3.5.1 SWOT Analysis
14.4 Siemens AG.
14.4.1 Business Overview
14.4.2 Products offered
14.4.3 Key Strategy
14.4.4 Recent Developments
14.4.5 MNM View
14.4.5.1 SWOT Analysis
14.5 Transgrid Solutions
14.5.1 Business Overview
14.5.2 Services offered
14.5.3 Key Strategy
14.5.4 Recent Developments
14.5.5 MNM View
14.6 Schneider Electric
14.6.1 Business Overview
14.6.2 Products Portfolio
14.6.3 Key Strategy
14.6.4 Recent Developments
14.6.5 MNM View
14.6.5.1 SWOT Analysis
14.7 General Electric Co.
14.7.1 Business Overview
14.7.2 Products Portfolio
14.7.3 Key Strategy
14.7.4 Recent Developments
14.7.5 MNM View
14.7.5.1 SWOT Analysis
14.8 Aecom
14.8.1 Business Overview
14.8.2 Products offered
14.8.3 Key Strategy
14.8.4 Recent Developments
14.9 National Grid
14.9.1 Business Overview
14.9.2 Products offered
14.9.3 Key Strategy
14.9.4 Recent Developments
14.10 Toshiba Corporation
14.10.1 Business Overview
14.10.2 Products & Services offered
14.10.3 Key Strategy
14.10.4 Recent Developments
14.11 Hitachi Ltd.
14.11.1 Business Overview
14.11.2 Products & Services offered
14.11.3 Key Strategy
14.11.4 Recent Developments

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 RT
15.4 Related Report

List of Tables (79 Tables)

Table 1 Growing Demand to Reduce Transmission Losses in Power Systems is Propelling the Growth of HVDC Transmission Market
Table 2 The High Initial Cost in HVDC Transmission Systems Will Affect the Growth of the Market
Table 3 The High Initial Cost is Lowering the Growth of the HVDC Capacitor Market
Table 4 Quantification of Overall Porter’s Analysis
Table 5 Market, By Technology, 2013-2020 ($Billion)
Table 6 HVDC LLC Market, By Configuration, 2013-2020 ($Billion)
Table 7 HVDC LLC Market, By Application, 2013-2020 ($Billion)
Table 8 HVDC LLC Market, By Power Rating, 2013-2020 ($Billion)
Table 9 HVDC LLC Market, By Geography, 2013-2020 ($Billion)
Table 10 HVDC VSC Market, By Configuration, 2013-2020 ($Billion)
Table 11 HVDC VSC Market, By Application, 2013-2020 ($Billion)
Table 12 HVDC VSC Market, By Power Rating, 2013-2020 ($Billion)
Table 13 HVDC VSC Market, By Geography, 2013-2020 ($Billion)
Table 14 Comparison of LCC & VSC
Table 15 HVDC vs. HVAC
Table 16 HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 17 HVDC Transmission Back to Back Configuration Market, By Technology, 2013-2020 ($Billion)
Table 18 HVDC Transmission Back to Back Configuration Market, By Application, 2013-2020 ($Billion)
Table 19 HVDC Transmission Back to Back Configuration Market, By Power Rating, 2013-2020 ($Billion)
Table 20 HVDC Transmission Back to Back Configuration Market, By Geography, 2013-2020 ($Billion)
Table 21 HVDC Transmission Monopolar Configuration Market, By Technology, 2013-2020 ($Billion)
Table 22 HVDC Transmission Monopolar Configuration Market, By Application, 2013-2020 ($Billion)
Table 23 HVDC Transmission Monopolar Configuration Market, By Power Rating, 2013-2020 ($Billion)
Table 24 HVDC Transmission Monopolar Configuration Market, By Geography, 2013-2020 ($Billion)
Table 25 HVDC Transmission Bipolar Configuration Market, By Technology, 2013-2020 ($Billion)
Table 26 HVDC Transmission Bipolar Configuration Market, By Application, 2013-2020 ($Billion)
Table 27 HVDC Transmission Bipolar Configuration Market, By Power Rating, 2013-2020 ($Billion)
Table 28 HVDC Transmission Bipolar Configuration Market, By Geography, 2013-2020 ($Billion)
Table 29 HVDC Transmission Multi-Terminal Configuration Market, By Technology, 2013-2020 ($Billion)
Table 30 HVDC Transmission Multi-Terminal Configuration Market, By Application, 2013-2020 ($Billion)
Table 31 HVDC Transmission Multi-Terminal Configuration Market, By Power Rating, 2013-2020 ($Billion)
Table 32 HVDC Transmission Multi-Terminal Configuration Market, By Geography, 2013-2020 ($Billion)
Table 33 HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 34 Below 500 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 35 501 MW - 1000 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 36 1001 MW - 1500 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 37 1501 MW - 2000 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 38 Above 2000 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 39 HVDC Transmission Market, By Application, 2013-2020 ($Million)
Table 40 HVDC Transmission for Underground Power Link, Market, By Technology, 2013-2020 ($Billion)
Table 41 HVDC Transmission for Underground Power Link, Market, By Configuration, 2013-2020 ($Billion)
Table 42 HVDC Transmission for Underground Power Link, Market, By Power Rating, 2013-2020 ($Billion)
Table 43 HVDC Transmission for Underground Power Link, Market, By Geography, 2013-2020 ($Billion)
Table 44 HVDC Transmission Powering Island & Remote Loads, Market, By Technology, 2013-2020 ($Billion)
Table 45 HVDC Transmission Powering Island & Remote Loads, Market, By Configuration, 2013-2020 ($Billion)
Table 46 HVDC Transmission Powering Island & Remote Loads, Market, By Power Rating, 2013-2020 ($Billion)
Table 47 HVDC Transmission Powering Island & Remote Loads, Market, By Geography, 2013-2020 ($Billion)
Table 48 HVDC Transmission for Connecting Wind Farms, Market, By Technology, 2013-2020 ($Billion)
Table 49 HVDC Transmission for Connecting Wind Farms, Market, By Configuration, 2013-2020 ($Billion)
Table 50 HVDC Transmission for Connecting Wind Farms, Market, By Power Rating, 2013-2020 ($Billion)
Table 51 HVDC Transmission for Connecting Wind Farms, Market, By Geography, 2013-2020 ($Billion)
Table 52 HVDC Transmission for Interconnecting Networks, Market, By Technology, 2013-2020 ($Billion)
Table 53 HVDC Transmission for Interconnecting Networks, Market, By Configuration, 2013-2020 ($Billion)
Table 54 HVDC Transmission for Interconnecting Networks, Market, By Power Rating, 2013-2020 ($Billion)
Table 55 HVDC Transmission for Interconnecting Networks, Market, By Geography, 2013-2020 ($Billion)
Table 56 HVDC Transmission for Oil & Gas offshore, Market, By Technology, 2013-2020 ($Billion)
Table 57 HVDC Transmission for Oil & Gas offshore, Market, By Configuration, 2013-2020 ($Billion)
Table 58 HVDC Transmission for Oil & Gas offshore, Market, By Power Rating, 2013-2020 ($Billion)
Table 59 HVDC Transmission for Oil & Gas offshore, Market, By Geography, 2013-2020 ($Billion)
Table 60 HVDC Transmission Market, By Power Rating, 2013-2020 ($Billion)
Table 61 Below 500 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 62 Below 500 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 63 501 MW - 1000 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 64 501 MW - 1000 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 65 1001 MW - 1500 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 66 1001 MW - 1500 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 67 1501 MW - 2000 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 68 1501 MW - 2000 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 69 Above 2000 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 70 Above 2000 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 71 HVDC Transmission Market, By Geography, 2013-2020 ($Billion)
Table 72 North America: HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 73 North America: HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 74 Europe: Market, By Technology, 2013-2020 ($Billion)
Table 75 Europe: Market, By Configuration, 2013-2020 ($Billion)
Table 76 APAC: Market, By Technology, 2013-2020 ($Billion)
Table 77 APAC: Market, By Configuration, 2013-2020 ($Billion)
Table 78 ROW: Market, By Technology, 2013-2020 ($Billion)
Table 79 ROW: HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)

List of Figures (38 Figures)

This Research Report Categorizes the HVDC Transmission Market Into the Following Segments:
Figure 1 HVDC Transmission Market, By Component
Figure 2 Market Segmentation: By Technology
Figure 3 Market Segmentation : Configuration
Figure 4 Market Segmentation : By Component
Figure 5 Market Segmentation : By Application
Figure 6 Market Segmentation :By Power Rating
Figure 7 Growing Need for Integrated Networks Will Establish as A New Opportunity in the HVDC Market
Figure 8 Value Chain Analysis (2013): Major Value is Added During the Generation & Transmission Phase
Figure 9 Porter’s Five forces Analysis
Figure 10 Overall Porter’s Analysis of HVDC Transmission Market
Figure 11 Threat From New Entrants
Figure 12 Threat From Substitutes
Figure 13 Bargaining Power of Suppliers
Figure 14 Bargaining Power of Buyers
Figure 15 Intensity of Competitive Rivalry
Figure 16 Technology Integration and Product Enhancement of Key Players
Figure 17 Back to Back Configuration Circuit Diagram
Figure 18 Monopolar Link Configuration
Figure 19 Bipolar Link Configuration
Figure 20 Multi Terminal Link
Figure 21 Types of Power Ratings
Figure 22 Geographic Revenue Mix of top 5 Market Players - Reference
Figure 23 Competitive Benchmarking of Key Market Players (2011-2013): General Electric is Growing But Susceptible to Distribution
Figure 24 ABB Ltd: Business Overview
Figure 25 ABB Ltd.: SWOT Analysis
Figure 26 Alstom SA : Business Overview
Figure 27 SWOT Analysis
Figure 28 Siemens AG.: Company Snapshot
Figure 29 Siemens AG.: SWOT Analysis
Figure 30 Tansgrid Solutions: Business Overview
Figure 31 Schneider Electric SE : Business Overview
Figure 32 Schneider Electric SE SWOT Analysis
Figure 33 General Electric Co. : Business Overview
Figure 34 General Electric Co. SWOT Analysis
Figure 35 Aecom : Business Overview
Figure 36 National Grid: Business Overview
Figure 37 Toshiba Corporation: Business Overview
Figure 38 Hitachi Ltd.: Business Overview

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Aecom
  • Alstom SA
  • General Electric Co.
  • Hitachi Ltd.
  • National Grid
  • MORE

High Voltage Direct Current (HVDC) transmission is the optimal choice for moving power over long distances due to lower transmission line costs, decreased right of way, and lower power losses than for equivalent AC lines. The new innovative technology in converters has opened a new prospect in transmission, it encompasses in underground, offshore, voltage stabilization application. HVDC transmission technology enables efficient, bulk power transmission across long distances through direct current. It transmits 30 per cent more power than the conventional alternating current technology, strengthening existing networks while minimizing environmental impact. These applications accounted major surge in high voltage direct current transmission market.

The main application area for HVDC transmission is the interconnection between systems which cannot be interconnected by AC because of different operating frequencies or different frequency controls. This type of interconnection is mainly represented by back-to-back stations or long-distance transmissions when a large amount of power, produced by a hydropower plant, for instance, has to be transmitted by overhead line or by submarine cable.

Offshore wind farms is changing power industry landscape, wind power generation meets an increasing share of power demand across the globe. With increasing government regulations, rising need for integrated networks, and high onshore and offshore potential further boosted the power generation from the wind energy. Wind energy plays a crucial role in the production of power. It is estimated that the power generation from the wind energy will increase up to ten times in the span of 20 years.

The HVDC transmission market is expected to grow at a CAGR of 17.13% in the next five years (2014-2020). This report describes the market dynamics of market, which comprises of drivers, restraints, opportunities, challenges, and burning issues. The major driving factors for market are the increasing demand for reduction of transmission losses in power systems, growth in offshore wind transmission infrastructure, and rising government mandates in HVDC power transmission systems. In this report, different technologies are included are line commutated converters, capacitor commuted converters and voltage source converters. The configuration segment includes back to back, monopolar, bipolar, and multi-terminal. The HVDC transmission component segment comprises of Thyristor, surge arrester, converter transformer, smoothing reactors, DC transmission circuit, harmonic filters, control and protection. The power rating market is categorized into below 500 MW, 501 MW – 1000 MW, 1001 MW – 1500 MW, 1501 MW - 2000 MW, above 2000 MW. Geographically, the HVDC transmission market is covered by North America, Europe, APAC, and Rest of the World.

Some of the major companies dominating the HVDC transmission market are ABB (Switzerland), Siemens (Germany), Alstom (France), General Electric (U.S.), Schneider Electric (France) and others. ABB (Switzerland) and Siemens (Germany) are the key players of power generation and transmission market and it is found that these companies covers more than 80% of the overall market share in the global HVDC market.

Note: Product cover images may vary from those shown

- ABB Ltd.
- Aecom
- Alstom SA
- General Electric Co.
- Hitachi Ltd.
- National Grid
- Schneider Electric
- Siemens AG.
- Toshiba Corporation
- Transgrid Solutions

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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