Los Angeles, CA -- (SBWire) -- 02/02/2019 --HVDC Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links.
The increasing demand for cost-effective solutions for long distance power transmission and integration of VSC technology across grids to enable system security are the major factors that drives the HVDC transmission system market.
In Asia Pacific (APAC), China and India are the major contributors to the growth of the HVDC transmission system market due to the growing demand for power in these countries. Some other factors affecting the growth of the market in this region include aging power infrastructure, increase in power consumption pattern, economic uncertainties, and low carbon emission initiatives. High power quality along with reliable and stable power transmission are some of the key requirements in the power industry. This factor is driving the growth of the HVDC transmission market in the APAC region.
In China and India, high-power rating projects are more popular as it can supply more power for the huge population. While in Europe, most projects are the low-power rating projects and used for the new energy transmission like the wind energy.
Major players operating in the HVDC transmission market are ABB,Siemens,XD Group, NR Electric,GE Grid Solution, NKT, TBEA, etc. These Chinese players are rising faster through technology joint with the foreign players like ABB and Siemens. And the laters are also expanding their market through this method.
Get PDF sample copy of this report: https://www.qyresearch.com/sample-form/form/949582/global-hvdc-transmission-system-industry-analysis-report
The global HVDC Transmission System market is valued at 7650 million US$ in 2018 is expected to reach 16200 million US$ by the end of 2025, growing at a CAGR of 9.8% during 2019-2025.
This report focuses on HVDC Transmission System volume and value at global level, regional level and company level. From a global perspective, this report represents overall HVDC Transmission System market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
ABB
Siemens
XD Group
NR Electric
GE Grid Solution
NKT
TBEA
Xuji Group
Hitachi
Nexans
Toshiba
Mitsubishi Electric
Abengoa
Segment by Type
High-power Rating Projects
Low power Rating Projects
Segment by Application
Overhead Transmission
Underground Transmission
Subsea Transmission
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global market
Chapter 2: Evaluating the leading manufacturers of the global market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting global market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
Inquire Here For Report Customization: https://www.qyresearch.com/request-discount/form/949582/global-hvdc-transmission-system-industry-analysis-report
About QYResearch
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.
HVDC Transmission System Market Revenue and Operating Profits, Market Presence, by Segment, Strategy, Key Findings of the Indistry by 2019-2025
The global HVDC Transmission System market is valued at 7650 million US$ in 2018 is expected to reach 16200 million US$ by the end of 2025, growing at a CAGR of 9.8% during 2019-2025.