Global High Voltage Direct Current (HVDC) Transmission Systems Market 2017-2021

  • ID: 4403388
  • Report
  • Region: Global
  • 76 pages
  • TechNavio
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FEATURED COMPANIES

  • ABB
  • ATCO Electric
  • Hitachi
  • LSIS
  • NKT
  • Prysmian Group
  • MORE

About High Voltage Direct Current (HVDC) Transmission Systems

Power is mainly generated, distributed, and consumed as AC. However, in power generation techniques, such as offshore wind farms and hydroelectricity, using AC system and lines for transmission of power over long distances of more than 600 km becomes uneconomical. This is due to the high-power losses and increasing costs of overhead lines. The increasing demand for power for commercial and residential use and the need to address the problem regarding power shortage have resulted in the supply of high voltage current from power generating sources to the destination. Thus, HVDC systems are being adopted, as these are economical owing to reduced power loss and overall cost for large distance transmission compared with AC lines. The high voltage transmission of electricity in the form of DC over a long distance by means of underground cables, overhead transmission line or grid interconnection is the HVDC transmission system.

The analysts forecast the global high voltage direct current (HVDC) transmission systems market to grow at a CAGR of 15.58% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global high voltage direct current (HVDC) transmission systems market for 2017-2021. To calculate the market size, the report considers the revenue generation through new installation of HVDC lines and services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

The report, Global High Voltage Direct Current (HVDC) Transmission Systems Market 2017-2021, 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
  • GE Grid Solutions
  • Hitachi
  • Mitsubishi Electric Corporation
  • Siemens AG

Other prominent vendors

  • Nexans
  • NKT
  • Toshiba
  • NR Electric
  • Prysmian Group
  • American Semiconductor
  • TransGrid Solutions
  • HVDC Technologies
  • ATCO Electric
  • LSIS

Market drivers

  • Optimal solution for long distance transmission
  • For a full, detailed list, view the full report

Market challenges

  • High capital investments needed for installation of HVDC substation
  • For a full, detailed list, view the full report

Market trends

  •     Emerging hybrid HVDC circuit breaker
  •     For a full, detailed list, view the full report

Key questions answered in this report

  • What will the market size be in 2021 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?

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FEATURED COMPANIES

  • ABB
  • ATCO Electric
  • Hitachi
  • LSIS
  • NKT
  • Prysmian Group
  • MORE

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Financial assessment: Cost-benefit analysis
  • Five forces analysis

PART 06: Market segmentation by power rating

  • Market overview
  • Global HVDC transmission systems market by power rating up to 500 MW
  • Global HVDC transmission systems market by power rating between 501 MW and 2,000 MW
  • Global HVDC transmission systems market by power rating above 2,001 MW

PART 07: Market segmentation by components

  • Market overview
  • Global HVDC transmission systems market in substations
  • Global HVDC transmission systems market in underground cables
  • Global HVDC transmission systems market in overhead cables

PART 08: Geographical segmentation

  • Market overview
  • HVDC transmission systems market in EMEA
  • HVDC transmission systems market in APAC
  • HVDC transmission systems market in Americas

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

  • Emerging hybrid HVDC circuit breaker
  • Technological advances in HVDC transmission system
  • Shift toward offshore renewable energy generation

PART 12: Vendor landscape

  • Competition overview
  • Other prominent vendors

PART 13: Key vendor analysis

  • ABB
  • GE Grid Solutions
  • Hitachi
  • Mitsubishi Electric Corporation
  • Siemens

PART 14: Appendix

  • List of abbreviations

List of Exhibits
Exhibit 01: Development in HVDC transmission systems
Exhibit 02: HVDC transmission systems layout
Exhibit 03: Configuration used for HVDC transmission systems
Exhibit 04: Market landscape
Exhibit 05: Global HVDC power transmission systems market ($ billions)
Exhibit 06: Typical cost analysis of HVDC and HVAC transmission system 2016
Exhibit 07: Key highlights of the financial assessment
Exhibit 08: Five forces analysis
Exhibit 09: Global HVDC transmission market by power rating 2016 and 2021 (%)
Exhibit 10: Global HVDC transmission systems market by power rating up to 500 MW ($ billions)
Exhibit 11: Global HVDC transmission systems market by power rating between 501 MW and 2,000 MW ($ billions)
Exhibit 12: HVDC transmission system projects with power rating between 500 MW and 2,000 MW
Exhibit 13: Global HVDC transmission systems by power rating above 2,001 MW ($ billions)
Exhibit 14: Global HVDC transmission systems market by components 2016 and 2021 (%)
Exhibit 15: Global HVDC transmission systems market in substations ($ billions)
Exhibit 16: Global HVDC transmission systems market in underground cables ($ billions)
Exhibit 17: Global HVDC transmission systems market in overhead cables ($ billions)
Exhibit 18: HVDC transmission systems market by geography 2016 and 2021 (%)
Exhibit 19: HVDC transmission systems market in EMEA ($ billions)
Exhibit 20: HVDC transmission systems market in APAC ($ billions)
Exhibit 21: HVDC transmission systems market in Americas ($ billions)
Exhibit 22: Nuclear as a percentage of total electric generation in the countries 2015
Exhibit 23: Typical cost structure of HVDC converter station as a % of total cost in 2016
Exhibit 24: ABB: Business verticals
Exhibit 25: ABB: Industries served
Exhibit 26: ABB: Product offerings
Exhibit 27: ABB: Highlights
Exhibit 28: GE: Business segments
Exhibit 29: GE Grid Solutions: HVDC Products and solution portfolio
Exhibit 30: GE: Highlights
Exhibit 31: Hitachi: Business segments
Exhibit 32: Hitachi: HVDC Solutions
Exhibit 33: Hitachi: Highlights
Exhibit 34: Mitsubishi Electric Corporation: Products
Exhibit 35: Mitsubishi Electric Corporation: Highlights
Exhibit 36: Siemens: Business segments
Exhibit 37: Siemens: Products
Exhibit 38: Siemens: Highlights

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FEATURED COMPANIES

  • ABB
  • ATCO Electric
  • Hitachi
  • LSIS
  • NKT
  • Prysmian Group
  • MORE
New Report Released: – Global High Voltage Direct Current (HVDC) Transmission Systems Market 2017-2021

The author of the report recognizes the following companies as the key players in the global high voltage direct current (HVDC) transmission systems market: ABB, GE Grid Solutions, Hitachi, Mitsubishi Electric Corporation, and Siemens

Other Prominent Vendors in the market are: Nexans, NKT, Toshiba, NR Electric, Prysmian Group, American Semiconductor, TransGrid Solutions, HVDC Technologies, ATCO Electric, and LSIS.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Emerging hybrid HVDC circuit breaker. The hybrid HVDC circuit breaker is a major improvement in circuit breaker technologies, which can solve the problem of transmitting high voltage current across the lines. For instance, Siemens supplied commutation breaker for the HVDC transmission project in Xiluodu-Zhejiang, which was tested at a current voltage of 5000 amperes. The existing power transmission lines using AC systems for transmission of power, are now converted into DC systems to increase the power transmitting limits. The DC breaker can help in reducing the fault current to flow into the system. The combination of power electronics and mechanical switching will aid circuit breakers in interrupting the high voltage current flow.”

According to the report, one of the major drivers for this market is Optimal solution for long distance transmission. Power transmission using HVDC technology is mainly adopted for transmitting power over long distances. The increasing demand for power for commercial, industrial, and household activities has increased the need for developing a diverse portfolio of energy generation mix. It has also resulted in the supply of high voltage power through long transmission lines. HVDC technology helps in transmitting large voltage of power over long distances. Also, the power loss during transmission is less as compared with high voltage alternate current (HVAC) technology.

Further, the report states that one of the major factors hindering the growth of this market is High capital investments needed for installation of HVDC substation. The installation and setup of HVDC transmission system require high initial investment. The components, such as IGBT, AC filters, DC filters, and valves, used in HVDC station setups are very costly. Also, DC substations are very costly when compared with AC systems. This is mainly because AC systems require only transformers, whereas a DC converter station is required at both ends of the HVDC transmission interlinks for conversion from AC to DC and vice versa, which ultimately increases the cost of DC substation.

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
  • GE Grid Solutions
  • Hitachi
  • Mitsubishi Electric Corporation
  • Siemens
  • Nexans
  • NKT
  • Toshiba
  • NR Electric
  • Prysmian Group
  • American Semiconductor
  • TransGrid Solutions
  • HVDC Technologies
  • ATCO Electric
  • LSIS
Note: Product cover images may vary from those shown
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