Sep 11, 2018   SOURCE: BusinessWire

HVDC Converter Stations Market - Forecasts from 2018 to 2023 - ResearchAndMarkets.com

The "HVDC Converter Stations Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

The global HVDC converter station market is valued at US$7.625 billion in 2017 and is projected to reach US$10.716 billion in 2023 exhibiting a CAGR of 5.84% during the forecast span.

The HVDC converter station market is driven by increasing demand for electricity across the globe. Increasing capacity addition in the form of renewable energy generation such as solar and wind is significantly pushing the growth of this market.

Moreover, increasing government initiatives and schemes for renewable power generation along with the modernization of traditional transmission lines with massive commodity transfer is augmenting the growth of HVDC converter station market globally.

Furthermore, the associated aggregate technical losses are also reduced by incorporating HVDC converter stations.

However, the market for HVDC converter station will be restrained in developing countries owing to high initial cost in the installation of HVDC converter stations.

Moreover, the lack of skilled workforce and various operational and maintenance challenges in developing nations will impede its market growth during the forecast period.

Despite these market growth restraints, various opportunities exist within the market. As the renewable power generation is growing at a progressive pace, need for more advanced transmission systems will arrive, providing ample opportunities for equipment manufacturers.

Moreover, increasing transmission lines are attracting many public and private service providers in order to successfully operate and maintain the transmission networks.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Global HVDC Converter Station Market by Type

6. Global HVDC Converter Station Market by Components

7. Global HVDC Converter Station Market by HVDC Converter Type

8. Global HVDC Converter Station Market by Geography

9. Competitive Intelligence

10. Company Profiles

  • Siemens AG
  • ABB Limited
  • Hitachi Ltd.
  • CG Power and Industrial Solutions Limited
  • Toshiba Corporation
  • Bharat Heavy Electricals Limited (BHEL)
  • Mistubishi Electric Corporation
  • Alstom Holdings
  • Xcel Energy
  • General Electric Company

For more information about this report visit https://www.researchandmarkets.com/research/gltql7/hvdc_converter?w=4