Global HVDC Converter Stations Market 2016-2020

  • ID: 3829467
  • Report
  • Region: Global
  • 71 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • Areva SA
  • BHEL
  • GE-Alstom Grid
  • Hitachi
  • Hitachi
  • MORE
About Power Generation

Power is generated, transmitted and distributed as AC, and most of the time, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high power losses that such transmission involves. In such situations, DC power is used, and the conversion of AC power to DC for transmission is achieved using a converter station.

The analysts forecast the global HVDC convertor stations market to grow at a CAGR of 24.10% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global HVDC convertor stations market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand for the HVDC converter stations market from different end-users in all the regions.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global HVDC Convertor Stations Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- ABB
- BHEL
- GE-Alstom Grid
- Hitachi

Other prominent vendors
- Areva SA
- Hitachi
- Toshiba
- Mitsubishi

Market drivers
- Increasing cross-border interconnections
- For a full, detailed list, view the full report

Market challenges
- Lack of investment in grid infrastructure by power utilities
- For a full, detailed list, view the full report

Market trends
- Increasing investment in HVDC systems
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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

  • ABB
  • Areva SA
  • BHEL
  • GE-Alstom Grid
  • Hitachi
  • Hitachi
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by configuration type
  • Global HVDC converter stations market by configuration type 2015
  • Global HVDC converter stations market by configuration type 2020
  • Global HVDC converter stations market by configuration type 2015-2020
  • Global HVDC converter stations market by bipolar configuration
  • Global HVDC converter stations market by monopolar configuration
  • Global HVDC converter stations market by back-to-back configuration
  • Global HVDC converter stations market by multi-terminal configuration
PART 07: Geographical segmentation
  • Global HVDC converter stations market by geographic segmentation 2015
  • Global HVDC converter stations market by geographic segmentation 2020
  • Global HVDC converter stations market by geographic segmentation 2015-2020
  • HVDC converter stations market in EMEA
  • HVDC converter stations market in APAC
  • HVDC converter stations market in Americas
PART 08: Key leading countries
  • China
  • Brazil
  • Sweden
PART 09: Market drivers
  • Growth in offshore wind installations
  • Increasing cross-border interconnections
  • Surge in global demand for electricity
PART 10: Impact of drivers

PART 11: Market challenges
  • High capital investment needed to establish HVDC converter stations
  • Lack of investment in grid infrastructure by power utilities
PART 12: Impact of drivers and challenges

PART 13: Market trends
  • Increased demand for power generation and changing energy landscape
  • Technological advances in HVDC technology
  • Increasing investment in HVDC systems
PART 14: Vendor landscape
  • Other prominent vendors
PART 15: Key vendor analysis
  • ABB
  • BHEL
  • GE-Alstom Grid
  • Hitachi
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits
Exhibit 01: Key countries in each region
Exhibit 02: Product offerings
Exhibit 03: HVDC transmission system
Exhibit 04: Different transmission technology structure comparison
Exhibit 05: Market overview
Exhibit 06: Global HVDC converter stations market 2015-2020 ($ billions)
Exhibit 07: Major HVDC markets
Exhibit 08: HVDC and AC system cost analysis
Exhibit 09: Right of way comparison for approximately 2 GW
Exhibit 10: Cost comparison of DC transmission versus AC transmission
Exhibit 11: Upcoming HVDC projects in Europe
Exhibit 12: Upcoming HVDC projects in North America
Exhibit 13: Upcoming HVDC projects in Asia
Exhibit 14: Supergrid research projects
Exhibit 15: Five forces analysis
Exhibit 16: Global HVDC converter stations market by configuration type 2015
Exhibit 17: Global HVDC converter stations market by configuration type 2020
Exhibit 18: Global HVDC converter stations market by configuration type 2015-2020
Exhibit 19: Global HVDC converter stations market by bipolar configuration 2015-2020 ($ billions)
Exhibit 20: Global HVDC converter stations market by monopolar configuration 2015-2020 ($ billions)
Exhibit 21: Global HVDC converter stations market by back-to-back configuration 2015-2020 ($ billions)
Exhibit 22: Global HVDC converter stations market by multi-terminal configuration 2015-2020 ($ billions)
Exhibit 23: Global HVDC converter stations market by geographic segmentation 2015
Exhibit 24: Global HVDC converter stations market by geographic segmentation 2020
Exhibit 25: Global HVDC converter stations market by geographic segmentation 2015-2020
Exhibit 26: HVDC converter stations market in EMEA 2015-2020 ($ billion)
Exhibit 27: Total electricity imports (billions of kilowatt-hours)
Exhibit 28: Benefits of interconnected systems
Exhibit 29: HVDC converter stations market in APAC 2015-2020 ($ billions)
Exhibit 30: Prominent HVDC links in APAC
Exhibit 31: HVDC converter stations market in the Americas 2015-2020 ($ billion)
Exhibit 32: UHV projects in China 2015
Exhibit 33: Power energy mix in Brazil 2014
Exhibit 34: Global offshore wind installed capacity (MW)
Exhibit 35: Impact of drivers
Exhibit 36: Cost comparison of HVDC and AC systems
Exhibit 37: Estimated cost structure of a converter system
Exhibit 38: Impact of drivers and challenges
Exhibit 39: Countries with renewable targets and policies 2005
Exhibit 40: Countries with renewable targets and policies 2015
Exhibit 41: Improvements in the energy-efficiency of different technology
Exhibit 42: Other prominent vendors
Exhibit 43: ABB: Business segmentation by revenue 2015
Exhibit 44: ABB: Geographical segmentation by revenue 2015
Exhibit 45: Business segmentation by revenue 2015
Exhibit 46: Revenue comparison by business segment for 2014 and 2015 ($ billions)
Exhibit 47: BHEL: Product portfolio
Exhibit 48: Business segmentation by revenue 2015
Exhibit 49: GE-Alstom Grid: Product portfolio
Exhibit 50: Hitachi's activities in HVDC converter stations market
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FEATURED COMPANIES

  • ABB
  • Areva SA
  • BHEL
  • GE-Alstom Grid
  • Hitachi
  • Hitachi
  • MORE
New Report Released: – Global HVDC Convertor Stations Market 2016-2020

The author of the report recognizes the following companies as the key players in the global HVDC convertor stations market: ABB, BHEL, GE-Alstom Grid, and Hitachi.

Other Prominent Vendors in the market are: Areva SA, Hitachi, Toshiba, and Mitsubishi.

Commenting on the report, an analyst from the research team said: “Increasing demand for power generation will be a key trend for market growth. Power demand has increased exponentially across the globe. Further growth in the population and the global economy is expected to drive this trend in the future as well. According to the UN, world population is projected to increase from 6.7 billion in 2011 to 8.7 billion by 2035. Also, according to the IEA, world electricity demand is expected to increase from 19,004 TWh in 2011 to 34,454 TWh by 2035. The population growth and increasing developmental activities would require substantial amounts of power to sustain the pace of economic growth.”

According to the report, surge in global demand for electricity will be a key driver for market growth. The global HVDC converter stations market is expected to show steady growth shortly with the global demand for electricity expected to rise considerably. Growing electricity demand in countries in APAC and the need to transmit power over long distances with fewer transmission losses has increased. The share of clean and emission-free power from hydro, wind, solar, and other renewable energy sources in the global energy mix is expected to rise. Since the power plants producing these types of clean energy are expected to be situated away from major urban areas, HVDC transmission through the converter stations will transmit this clean electricity generated from renewable power plants to urban areas with minimum transmission losses.

Further, the report states that lack of investment in grid infrastructure by power utilities will be a challenge for the market. Many power utilities across the globe upgrade their power systems only when they are damaged. This is the outcome of the near-term cost evasion strategy that is adopted by utilities, resulting in a reluctance to adopt smart grid technologies such as HVDC converters. This, in turn, will hinder the growth of the global HVDC converter stations market as HVDC converter technology is an integral part of the smart grid solution. For the deployment of HVDC converter technology, it is important for power utilities to upgrade the power grids and substations with advanced grid technologies. But the power utilities are unwilling to upgrade their power grids as the cost involved in such upgrading activities is high.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- ABB
- BHEL
- GE-Alstom Grid
- Hitachi
- Areva SA
- Hitachi
- Toshiba
- Mitsubishi.
Note: Product cover images may vary from those shown
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