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 the market growth in the coming years. However, high installation and implementation cost and standardization of HDVC system 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 leading power grids business from ABB Ltd. and has signed an agreement with ABB. It would initially acquire 80.1 % stake in 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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