Sep 25, 2018   SOURCE: BusinessWire

Global HVDC Converter Stations Market 2018-2022 - Market to Grow at a CAGR of 20.56% - ResearchAndMarkets.com

The "Global HVDC Converter Stations Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global HVDC converter stations market to grow at a CAGR of 20.56% during the period 2018-2022.

Global HVDC Converter Stations Market 2018-2022 has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is development of supergrid. Globally, power consumption is expected to increase with the increase in population. Moreover, as the energy sector moves away from fossil fuel to renewable energy sources to decarbonize the economy, newer technologies are being developed.

According to the report, one driver in the market is growth in offshore wind installations. The growth in offshore wind farms is one of the major drivers that is boosting the demand for HVDC converter stations as the power generated from offshore wind power plants requires connection to the grid.

Further, the report states that one challenge in the market is high capital investment. The setting up of HVDC converter stations requires significant capital investment due to the high cost of HVDC components used in the converter stations. When compared with an AC system, the cost of a DC converter station is considerably higher.

Key vendors

  • ABB
  • BHEL
  • GE Power
  • TOSHIBA
  • Mitsubishi Electric
  • Siemens

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 05: MARKET SIZING

  • Market sizing 2017
  • Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY TECHNOLOGY

  • Comparison by technology
  • LCC
  • VSC
  • Market opportunity by technology

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

  • Development of supergrid
  • Growing focus on energy efficiency
  • Growing investment in T&D infrastructure

PART 13: VENDOR LANDSCAPE

  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

For more information about this report visit https://www.researchandmarkets.com/research/47f2dw/global_hvdc?w=4