Title: HVDC Transmission Market forecast From 2012 to 2018 (2)
1MarketsandMarkets Presents
HVDC Transmission Market worth 9.62 Billion By
2018
2- According to a new market research report of
HVDC Transmission Market - By Technology
(LCC/VSC), Configuration (Back To Back,
Monopolar, Bipolar, Multi-Terminal), Power Rating
(Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW
Above 2000 MW), Application, Component
Geography (2013 - 2018)". - Browse 117 market data tables and 55 figures
spread through 303 pages and in-depth TOC on
HVDC Transmission Market - By Technology
(LCC/VSC), Configuration (Back To Back,
Monopolar, Bipolar, Multi-Terminal), Power Rating
(Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW
Above 2000 MW), Application, Component
Geography (2013 - 2018). - http//www.marketsandmarkets.com/Market-Reports/hv
dc-grid-market-1225.html - Early buyers will receive 10 customization on
reports. -
-
3- The increasing wind farms, focusing on power
trading and reliable power transmission in the
continent have been driving HVDC transmission
market. It is expected that wind farms would
produce 10,000 MW of power 50 times more than
todays offshore farms. Even the European Union,
also focusing on the adoption rate of the HVDC as
they have set a target of 20 of electricity from
renewable sources by 2020, and much of this will
come from wind farms. - Europe and APAC are considered to be the fastest
growing markets due to high development in power
transmission networks. American market also
constitutes as a substantial share in high
voltage direct current market where as the U.S.
is considered as the major contributor. The
ageing infrastructure and recent blackout in the
U.S. is the reason behind the adoption of HVDC in
the region. From these factors, it is believed
that these markets will grow at a significant
rate for the forecast period of 2013 and 2018. - The HVDC transmission market is broadly segmented
into technology, configuration, component, power
rating, application, and geography. All the major
segments are further segmented into sub segments.
All the segments and sub segments are separately
described in the report.
4- Global HVDC transmission market is expected to
reach 9.62 billion by 2018, at an estimated CAGR
of 16.97 from 2013 to 2018. The major driving
factors for HVDC transmission market are the
growth in offshore wind farms installation and
increasing the government incentivization. In the
report, different technologies are discussed like
line commutated converters and voltage source
converters. The configuration includes back to
back, monopolar, bipolar and multi-terminal. The
HVDCs component comprises thyristor, IGBT
(insulated gate bipolar transistor), surge
arrester, converter transformer, smoothing
reactors, harmonic filters, DC circuit, control
protection. The power rating market is
categorized into below 500 MW, 501 MW 999 MW,
1000 MW 2000 MW, above 2000 MW.
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