Global High Voltage Direct Current Transmission Market Size, Share, And Trends By Technology (Line Commuted Converter, Voltage Source Converter, Capacitor Commutated Converter, Others), By Application (Off-shore Power Transmission, On-shore Application), By Project Type (Point-to-Point, Back-to-Back, Multi-terminal), By Transmission Type (Submarine, Overhead, Underground), By Component (Filter, Converter Stations, Transmission Cables, Others), By DC Link Type (Monopolar, Bipolar, Homopolar), And By Geography – Forecast From 2019 To 2024

Published:  Apr 2021 Report Code: KSI061612773 Pages: 118

High voltage direct current (HVDC) transmission is the massive transmission of electricity over long distances in the form of direct current, leading to cost saving and lesser loss as compared to HVAC transmission. The HDVC market is expected to have significant growth during the forecast period owing to the growing electricity consumption and the increasing investments in energy infrastructure. Integration of renewable energy into the HDVC system is also expected to drive market growth in the coming years. However, high installation and implementation costs and standardization of HDVC systems are expected to be a restraint for the market during the next five years.

The VSC-based technology is expected to have the largest market share due to its increasing application in offshore, submarine and underground application. By geography, the APAC region is estimated to have a significant market growth due to an increase in investment in the energy sector in the region

DRIVERS

Growing electricity consumption

Integration of renewable energy into HDVC

RESTRAINT

High installation and implementation costs

Standardization of HDVC system

INDUSTRY UPDATE

In December 2018, Hitachi announced that it has decided to acquire the world's leading power grids business from ABB Ltd. and has signed an agreement with ABB. It would initially acquire an 80.1 % stake in the Power Grids business by the first half of 2020.

In April 2019, Siemens was chosen to modernize India’s first and oldest HVDC link, Vindhyachal by installing its latest components.

SEGMENTATION

The high voltage direct current transmission market has been analyzed through the following segments:

By Technology

Line Commuted Converter (LCC)

Voltage Source Converter (VSC)

Capacitor Commutated Converter (CCC)

Others

By Application

Off-shore power transmission

On-shore application

By Project Type

Point-to-Point

Back-to-Back

Multi-terminal

By Transmission Type

Submarine

Overhead

Underground

By Component

Filter

Converter Stations

Transmission cables

Others

By DC Link Type

Monopolar

Bipolar

Homopolar

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope Of The Study

1.4. Currency

1.5. Assumptions

1.6. Base, And Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter’s Five Force Analysis

4.5.1. Bargaining Power of Suppliers

4.5.2. Bargaining Power of Buyers

4.5.3. Threat of New Entrants

4.5.4. Threat of Substitutes

4.5.5. Competitive Rivalry In The Industry

4.6. Life Cycle Analysis - Regional Snapshot

4.7. Market Attractiveness

5. HIGH VOLTAGE DIRECT CURRENT TRANSMISSION MARKET BY TECHNOLOGY

5.1. Line Commuted Converter (LCC)

5.2. Voltage Source Converter (VSC)

5.3. Capacitor Commutated Converter (CCC)

5.4. Others

6. HIGH VOLTAGE DIRECT CURRENT TRANSMISSION MARKET BY APPLICATION

6.1. Off-Shore

6.2. On-Shore

7. HIGH VOLTAGE DIRECT CURRENT TRANSMISSION MARKET BY COMPONENT

7.1. Filter

7.2. Converter Stations

7.3. Transmission Cables

7.4. Others

8. HIGH VOLTAGE DIRECT CURRENT TRANSMISSION MARKET BY PROJECT TYPE

8.1. Point-To-Point

8.2. Back-To-Back

8.3. Multi-Terminal

9. HIGH VOLTAGE DIRECT CURRENT TRANSMISSION MARKET BY TRANSMISSION TYPE

9.1. Submarine

9.2. Overhead

9.3. Underground

10. HIGH VOLTAGE DIRECT CURRENT TRANSMISSION MARKET BY DC LINK TYPE

10.1. Monopolar

10.2. Bipolar

10.3. Homopolar

11. HIGH VOLTAGE DIRECT CURRENT TRANSMISSION MARKET BY GEOGRAPHY

11.1. North America

11.1.1. United States of America

11.1.2. Canada

11.1.3. Mexico

11.2. South America

11.2.1. Brazil

11.2.2. Argentina

11.2.3. Others

11.3. Europe

11.3.1. Germany

11.3.2. France

11.3.3. United Kingdom

11.3.4. Spain

11.3.5. Others

11.4. Middle East And Africa

11.4.1. Saudi Arabia

11.4.2. Israel

11.4.3. Others

11.5. Asia Pacific

11.5.1. China

11.5.2. Japan

11.5.3. South Korea

11.5.4. India

11.5.5. Others

12. COMPETITIVE INTELLIGENCE

12.1. Competitive Benchmarking And Analysis

12.2. Recent Investment And Deals

12.3. Strategies Of Key Players

13. COMPANY PROFILES

13.1. General Electric

13.2. Siemens AG

13.3. Toshiba Corporation

13.4. Transgrid Solutions Inc.

13.5. Nexans SA

13.6. American Superconductor Corporation (AMSC)

13.7. Alstom

13.8. Hitachi Ltd.

13.9. ABB Ltd.

13.10. Prysmian Group

LIST OF FIGURES

LIST OF TABLES

General Electric

Siemens AG

Toshiba Corporation

Transgrid Solutions Inc.

Nexans SA

American Superconductor Corporation (AMSC)

Alstom

Hitachi Ltd.

ABB Ltd.

Prysmian Group

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