Global HVDC Converter Stations Market 2018-2022 - Market to Grow at a CAGR of 20.56% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The “Global HVDC Converter Stations Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global HVDC converter stations market to grow at a CAGR of 20.56% during the period 2018-2022.
Global HVDC Converter Stations Market 2018-2022 has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of supergrid. Globally, power consumption is expected to increase with the increase in population. Moreover, as the energy sector moves away from fossil fuel to renewable energy sources to decarbonize the economy, newer technologies are being developed.
According to the report, one driver in the market is growth in offshore wind installations. The growth in offshore wind farms is one of the major drivers that is boosting the demand for HVDC converter stations as the power generated from offshore wind power plants requires connection to the grid.
Further, the report states that one challenge in the market is high capital investment. The setting up of HVDC converter stations requires significant capital investment due to the high cost of HVDC components used in the converter stations. When compared with an AC system, the cost of a DC converter station is considerably higher.
Key vendorsABB BHEL GE Power TOSHIBA Mitsubishi Electric Siemens
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 05: MARKET SIZINGMarket sizing 2017 Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY TECHNOLOGYComparison by technology LCC VSC Market opportunity by technology
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPEGeographical segmentation Regional comparison Key leading countries Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDSDevelopment of supergrid Growing focus on energy efficiency Growing investment in T&D infrastructure
PART 13: VENDOR LANDSCAPELandscape disruption Competitive scenario
PART 14: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors
For more information about this report visit https://www.researchandmarkets.com/research/47f2dw/global_hvdc?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005781/en/
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SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/24/2018 12:47 PM/DISC: 09/24/2018 12:47 PM