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MarketersMEDIA / Newsroom / Global HVDC Converter Station Market is expected to reach $21.44 billion by 2027 growing at a CAGR of 10.5% during 2018 to 2027.

Global HVDC Converter Station Market is expected to reach $21.44 billion by 2027 growing at a CAGR of 10.5% during 2018 to 2027.

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Some of the key players in the HVDC Converter Station market include ABB, Alstom, BHEL, C-Epri Power Engineering Company, China Xian XD Power System, General Electric, Hitachi, Hyosung, LSIS, Mitsubishi, Nissin Electric Co Ltd, NR Electric, Siemens AG, Toshiba, and XJ Electric.

— The need for high-voltage and long distance power lines for transmission of bulk power from remote generation and supportive government policies are likely to boost the growth of the HVDC converter station market. However, transmission congestion and instability, and high initial cost are likely to hamper the profit boundaries.

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A high voltage direct current (HVDC) converter is a distinctive type of substation used as equipment for HVDC transmission lines. These converter stations are especially used to transmit bulk of power to long distances and for converting alternating current (AC) to direct current (DC) or vice versa. An HVDC converter station is generally used for the transmission of electricity from renewable energy sources situated at remote areas to metropolitan areas, with fewer energy losses by converting AC to DC. Growing concerns over gradually reducing fossil fuels and increasing carbon emissions have led to the growth of offshore wind farms that require HVDC converter station for connecting farms to the grid. HVDC system has the capability to reduce costs and electrical losses, and is the single possible solution to facilitate the use of renewable energy sources.

Based on technology, the Line-Commutated Converter (LCC) segment is estimated to have a lucrative growth due to the rise in the use of thyristor valves because of the better reliability of the thyristor technology. The technical improvements and compact designs with large-capacity thyristors (up to 8.5 kV, 4 kA) have contributed to the progress of HVDC applications.

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By geography, Europe is likely to have a huge demand due to the growing power demand & requirement and increasing offshore wind farms. Countries in Europe, for instance, Norway and the U.K are projected to be the major key players in the global HVDC converter station market.

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Technologies Covered:
• Line-Commutated Converter (LCC)
• Voltage Sourced Converter (VSC)

Configurations Covered:
• Back-To-Back
• BI-Polar
• Monopolar
• Multi-Terminal

Power Ratings Covered:
• >1000–1500 MW
• >1500–2000 MW
• >500–1000 MW
• Above 2000 MW
• Below 500 MW

Components Covered:
• Circuit Breakers
• Converter Transformers
• Harmonic Filters
• Reactors
• Surge Arresters
• Valve
• Other Components

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

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Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-hvdc-converter-station-market-is-expected-to-reach-2144-billion-by-2027-growing-at-a-cagr-of-105-during-2018-to-2027/88937187

Source: MarketersMedia

Release ID: 88937187

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