Boston, MA -- (SBWIRE) -- 09/16/2016 -- Power is generated, transmitted and distributed as AC, and most of the time, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high power losses that such transmission involves. In such situations, DC power is used, and the conversion of AC power to DC for transmission is achieved using a converter station.

Technavio's analysts forecast the global HVDC convertor stations market to grow at a CAGR of 24.10% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global HVDC convertor stations market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand for the HVDC converter stations market from different end-users in all the regions.

Get More Details on this Report and a Full Table of Contents at Global HVDC Converter Stations Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global HVDC Convertor Stations Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-ABB
-BHEL
-GE-Alstom Grid
-Hitachi

Other prominent vendors

-Areva SA
-Hitachi
-Toshiba
-Mitsubishi

Market driver

-Increasing cross-border interconnections
-For a full, detailed list, view our report

Market challenge

-Lack of investment in grid infrastructure by power utilities
-For a full, detailed list, view our report

Market trend

-Increasing investment in HVDC systems
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: ABB, BHEL, GE-Alstom Grid, Hitachi, Areva SA, Hitachi, Toshiba, Mitsubishi

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