Aug 22, 2018   SOURCE: BusinessWire

Global HVDC Converter Station Market Analysis 2016-2018 and Outlook to 2024 - ResearchAndMarkets.com

The "HVDC Converter Station Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global HVDC converter station market to grow with a CAGR of 8% over the forecast period of 2018-2024.

Increasing demand for cost effective solution for long distance power transmission and government policies towards DC transmission are the factors driving the growth of the HVDC converter station market.

Additionally, increasing number of renewable energy generation plants such as solar farms are anticipated to have positive impact for the growth of the HVDC converter station market.

However, transmission congestion, instability, and high initial setup cost are the factors likely to hamper the growth of the HVDC converter market during the forecast period.

On the other hand, lengthy approval processes for transmission projects is also the factor having negative impact for the growth of the market.

Furthermore, growing concerns over reducing fossil fuels and increasing carbon emissions have led to the growth of offshore wind farms that require HVDC converter to connect their farms to the grids. This in turn is anticipated to provide several growth opportunities for the key players in the HVDC converter station market.

Moreover, rapid adoption rate for the UHVDC Technology in China is also providing opportunities for the HVDC converter market over the Upcoming years.

Among geographies, Europe dominated the HVDC converter station market owing to the investments in power transmission by major economies such as the UK, Germany, and Italy. Moreover, Asia Pacific is anticipated to lead the HVDC converter station market over the upcoming years.

Key Topics Covered

1. Preface

2. Executive Summary

3. Global HVDC Converter Station Market Overview

4. HVDC Converter Station Market Macro Indicator Analysis

5. Global HVDC Converter Station Market by Technology

6. Global HVDC Converter Station Market by Components

7. Global HVDC Converter Station Market by Configuration

8. Global HVDC Converter Station Market by Application

9. Global HVDC Converter Station Market by Region 2018-2024

10. Company Profiles & Competitive Landscape

  • GE
  • ABB Ltd.
  • Siemens A.G.
  • Toshiba Corporation
  • BHEL
  • Mitsubishi Electric
  • NR Electric Co. Ltd.
  • TransGrid Solutions Inc.
  • Prysmian Group
  • Nexans SA
  • American Superconductor

For more information about this report visit https://www.researchandmarkets.com/research/xx3dhk/global_hvdc?w=4