New Global High Voltage Direct Current (HVDC) Transmission Consumption Market 2023 Report Covers market forecast and top Companies like ABB, Siemens, XD Group, NR Electric, GE Grid Solution and others.

Lewes, DE -- (SBWire) -- 01/24/2019 --Global High Voltage Direct Current (HVDC) Transmission market will register a 9.9% CAGR in terms of revenue, reach US$ 13500 million by 2023, from US$ 7650 million in 2017.

HVDC Transmission 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. HVDC allows power transmission between unsynchronized AC transmission systems. Since the power flow through an HVDC link can be controlled independently of the phase angle between source and load, it can stabilize a network against disturbances due to rapid changes in power. HVDC also allows transfer of power between grid systems running at different frequencies, such as 50 Hz and 60 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.

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.

Over the next five years, study projects that High Voltage Direct Current (HVDC) Transmission will register a 9.9% CAGR in terms of revenue, reach US$ 13500 million by 2023, from US$ 7650 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of High Voltage Direct Current (HVDC) Transmission market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
High-power Rating Projects
Low power Rating Projects

Segmentation by application:
Subsea Transmission
Underground Transmission
Overhead Transmission

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ABB
Siemens
XD Group
NR Electric
GE Grid Solution
NKT
TBEA
Xuji Group
Hitachi
Nexans
Toshiba
Mitsubishi Electric
Abengoa

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global High Voltage Direct Current (HVDC) Transmission consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of High Voltage Direct Current (HVDC) Transmission market by identifying its various subsegments.
Focuses on the key global High Voltage Direct Current (HVDC) Transmission manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the High Voltage Direct Current (HVDC) Transmission with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of High Voltage Direct Current (HVDC) Transmission submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 160 pages "Forecast of Global High Voltage Direct Current (HVDC) Transmission Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global High Voltage Direct Current (HVDC) Transmission by Players, High Voltage Direct Current (HVDC) Transmission by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global High Voltage Direct Current (HVDC) Transmission Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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