Global HVDC Converter Station Market Analysis
The global HVDC Converter Station market is a very
dynamic market and is expected to witness high growth over the forecast
period.
HVDC lines are less expensive, and losses are less as
compared to AC transmission. It interconnects the networks that have different
frequencies and characteristics. But, the initial cost of HVDC substation is
very high and their substation equipment is quite complicated. Thus, for long
distance transmission it is preferable that power is generated in AC, and for
transmission, it is converted into DC and then again converted back into AC for
final use. This system is economical and also improves the efficiency of the
system.
Global
HVDC Converter Station Industry Segmental Analysis
HVDC Converter Station market is segmented on the
basis of type, converter type, application and end-use in the regions of North
America, Europe, Asia-Pacific and Rest of the World.
On the basis of type, it is segmented into monopolar,
bi-polar, back to back, and multi-terminal.
On the basis of converter type, it is categorized
into, Line Commutated Current Sourced Converters (LCC) and Voltage Source
Converters (VSC).
On the basis of application, it is segmented into
Power Industry, Powering Island and Remote Loads, Interconnecting Networks, Oil
& Gas and Other.
The Line Commutated Converter-based HVDC (LCC HVDC)
will continue to be used for bulk power HVDC transmission over several hundred
MWs. This technology provides efficient, reliable, and cost-effective power
transmission for many applications as well as also plays an important role in
transmitting direct current over long distances through submarine and
underground cables, and by overhead transmitting lines.
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Regional Outlook
Geographically, Europe dominates the market of HVDC
converter station market. Existing transmission lines which designed for
maximum transmission capacities, new interconnections are planned between the
U.K., Germany, Poland, France and Sweden and others for electricity trading are
some of the factors boosting the growth of the HVDC converter station market.
Moreover, concerns over electricity security and reliability, as well as rising
electricity prices, are promoting electricity trade between the countries in
regions pushing the market towards growth.
Leading Players
We recognize the key players in the global HVDC
Converter Station market as ABB Ltd. (Switzerland), Bharat Heavy Electricals
Ltd. (India), Alstom (France), Siemens AG (Germany), Crompton Greaves Ltd.
(India), General Electric (U.S.), Nissin Electric Co Ltd (Japan), Toshiba
Corporation (Japan )and Hitachi Ltd. (Japan)
Scope of the
Report
This research report has provides the insights, on
various levels of analyses such industry analysis, market share analysis
leading market players and their profiles. This report also helps in studying
the target segments by providing views on emerging & high-growth segments
and market conclusion. Together the market data comprise and discuss with the
basic assessments on the competitive scenarios & strategies, of the global
HVDC Converter Station market, including the high-growth regions, countries and
their political, economic and technological environments. Furthermore the
project report also provides the views over the historical market values as
well as, pricing and cost analysis of the same.
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