China High-Voltage Direct Current (HVDC) Transmission Systems Market Outlook to 2021 - Market Size Analysis by Components, Type Competitive Landscape, Key Company Information - Growth Trends and Forecasts

  • ID: 3842823
  • Report
  • Region: China
  • 60 pages
  • Mordor Intelligence
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Recent technological advances in high-voltage direct current (HVDC) transmission has led many to see it as a crucial element in an efficient, smart power system of the future, providing power corridors connecting distant supply and demand centers, with minimal energy losses.

With its strong central control, China is implementing the biggest and most rapid roll-out. At the same time it is developing a HVDC manufacturing base that is displacing imports, and could eventually challenge the handful of established global players, helping to keep a lid on prices as the global market takes off.

Quest for clean and renewable power is increasing globally year by year. Governments are looking at different ways to solve their energy crisis; interconnection of HVDC systems is one in that. Lots of investment is going into connecting different power grids and thousands of Megawatts of power is being sent everyday across these grids.

The first long distance High Voltage Direct Current was sent in 1882 over 57 km and only 1.5kW was sent in Germany. Now the longest transmission is the Rio Madeira transmission link in Brazil which has a length of 2385km and sends 7.1GW of power.

In these 130 years the concept of Direct Current has again come into relevance with people realising its advantages over long distance transmission and how the problems that were earlier faced can be overcome. Thomas Edison popularised the concept of DC everywhere but it never really caught the imagination of the people. Now after numerous researches and new innovations in this field, the industries are again looking at HVDC to overcome the problems of HVAC transmission.

The average size of the HVDC transmission systems has increased in the recent years. The market for this transmission system is also increasing with more countries getting involved with the project and installing more HVDC grids.

HVDC has various advantages like for long distances it is much cheaper to transmit power, the transmission losses are less for larger distances, they do not have any maximum transmission distance and one of the very big advantage is that it allows the power to be transferred from one AC grid to another having different frequencies. This helps in linking incompatible grids, brings stability and increases the economy.

The main concerns with HVDC are that its converter stations are expensive and the system of controlling the power flow must be well communicated so the multi-terminal systems are costly. There are big companies getting involved in the HVDC market and are coming up with innovative ideas to solve some of the issues concerning this market.

In HVDC the basic process at the transmitting end is to convert the AC to DC and at the receiving end convert this DC back to AC. These conversions can be done by using rectifiers and inverters. The other important devices used in this are filters, thyristors, Insulated Gate Bijunction Transistor (IGBT) and Voltage Source Converter (VSC). There is a lot of research going on in the VSC field because it is one of the key aspects to reduce the losses. The power can be sent by overhead lines or undersea cables.

What the Report Offers

1) Market Definition for the specified topic along with identification of key drivers and restraints for the market.

2) Market analysis for the HVDC transmission systems Market, with region specific assessments and competition analysis on a global and regional scale.

3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.

4) Extensively researched competitive landscape section with profiles of major companies along with their share of markets.

5) Identification and analysis of the Macro and Micro factors that affect the HVDC transmission systems market on both global and regional scale.

6) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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1 Introduction

1.1 Report Guidance

1.2 Markets Covered

1.3 Key Points Noted

2 Executive Summary

2.1 Overview and Market Scenario

3 China HVDC Transmission Systems Market Outlook

3.1 By Installed Capacity, Historic and Forecasts

3.2 Submarine HVDC Cable System

3.3 HVDC Overhead Transmission Lines

4 Market Dynamics

4.1 Drivers

4.1.1 Cheaper for Long Distance Transmission

4.1.2 Linking Incompatible Grids

4.1.3 No Maximum Transmission Distance

4.2 Constraints

4.2.1 Expensive Converter Stations

4.2.2 Expensive Multi-Terminal Stations

4.3 Opportunities

4.3.1 Submarine HVDC Cable System

4.3.2 Scope for New Technology Innovations

5 China HVDC Transmission Systems Market Analysis

5.1 China

5.1.1 Overview

5.1.2 Market Opportunities

5.1.3 Market Demand to 2020

5.1.4 Policies and Regulations

6 China HVDC Transmission Systems Market Analysis, by Type

6.1 Submarine HVDC Cable System

6.2 HVDC Overhead Transmission System

7 China HVDC Transmission Systems Market Analysis, by Components

7.1 Cables

7.2 Converters

7.3 Harmonics and Filtering

7.4 Converter Transformers

8 China HVDC Transmission Systems Market Analysis, by Cables and Converter Materials

8.1 Mass Impregnated Cables

8.2 Self-Contained Fluid Filled Cables

8.3 Extruded Cables

8.4 Line Commutated Converter

8.5 Voltage Commutated Converter

9 Major Companies Market Share Analysis

9.1 by Geography

9.2 by Capacity

9.3 by Equipment

10 Competitive Landscape

10.1 Deal Summary

10.1.1 Acquisition

10.1.2 Private Equity

10.1.3 Equity Offerings

10.1.4 Debt Offerings

10.1.5 Partnerships

10.1.6 Asset Transactions

10.2 Recent Developments

10.2.1 New Technology Innovations

10.2.2 New Contract Announcements

11 Key Company Analysis

11.1 ABB Ltd

11.2 GE Energy

11.3 Siemens AG

11.4 Alstom SA

11.5 Schneider Electric S.A.

11.6 State Grid Corporation of China

11.7 LS Industrial Systems

11.8 Cisco Systems Inc

11.9 Doble Engineering Company

11.10 Nkt Cables Group A/S

12 Appendix

12.1 Sources

12.2 Abbreviations

12.3 Market Definition

12.3.1 Methodology

12.3.2 Coverage

12.3.3 Secondary Research

12.3.4 Primary Research

12.3.5 Expert Panel Validation

12.4 Contact Us

12.5 Disclaimer
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