Global “HVDC Converter Station Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the HVDC Converter Station in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. HVDC Converter Station Market report categorizes the market based on manufacturers, regions, type, and application. HVDC Converter Station Market reports offer a detailed assessment of the HVDC Converter Station including enabling technologies, current market situation, market assumptions, restraining factors.
The Global HVDC Converter Station market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
China is expected to lead the HVDC converter station market. The Chinese government has invested heavily in developing a nation-wide HVDC transmission system, to minimize the electricity transmission losses between energy generation bases and load centers via HVAC cables. As of 2017, Europe and Asia-Pacific regions accounted for the largest market shares. In Asia-Pacific, apart from India and China, other countries that are anticipated to contribute to a significant demand for HVDC transmission systems during the forecast period are – South Korea, Japan, Pakistan, Indonesia, and other ASEAN countries.
Growing Renewable Energy Sector
The renewable power plants are generally located in rural areas and require long-distance transmission lines, to provide the generated electricity to the consumers. Large renewable power plants, such as solar farms and wind farms, consist of several power generation units and thereby require interconnection of these power units. The HVDC transmission lines incur lower transmission losses for long-distance power transmission and are better suited for the interconnection of different power units, than HVAC transmission lines. The increasing number of renewable energy generation plants, such as solar farms and offshore wind farms, is expected to positively impact the growth of the HVDC converter system market.
Increasing HVDC Investment in China
The Chinese government plans to invest USD 315 billion on the improvement of power grid infrastructure during 2015-2021, with a particular emphasis on HVDC systems. As of 2016, China had completed approximately over 30 different HVDC projects, and a significant number of projects is under construction, which is expected to cater to the countrys growing electricity needs and reduction of power transmission losses. To counter problems, such as increasing air pollution, which was outlined in the countrys 13th five-year plan to 2021, China has been shifting its focus away from coal-based power generation to the integration of renewables. In 2016, China alone accounted for over 40% of the global renewable capacity growth and is expected to witness similar growth during the forecast period. In October 2017, Chinas largest offshore wind farm of 300 MW got commissioned, and several new projects are scheduled for commissioning during the forecast period. The demand for HVDC transmission systems is expected to get supplemented from the integration of large-scale renewables, which are located far away from demand centers in the countrys power grid.
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The global HVDC Converter Station market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
HVDC Converter Station Market Report covers the Top Key-players in 2021:-
- Siemens AG
- ABB Ltd
- General Electric Company
- C-EPRI Electric Power Engineering Co. Ltd
- Toshiba Corporation
- Mitsubishi Electric Corporation
Highlighted points of HVDC Converter Station Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This HVDC Converter Station Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for HVDC Converter Station? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This HVDC Converter Station Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of HVDC Converter Station Market? What Was Capacity, Production Value, Cost and PROFIT of HVDC Converter Station Market?
- What Is Current Market Status of HVDC Converter Station Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of HVDC Converter Station Market by Taking Applications and Types in Consideration?
- What Are Projections of Global HVDC Converter Station Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is HVDC Converter Station Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On HVDC Converter Station Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of HVDC Converter Station Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for HVDC Converter Station Industry?
Key Developments in the HVDC Converter Station Market:
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Finally, the report Global HVDC Converter Station Market 2021 describes the HVDC Converter Station industry expansion game plan, the HVDC Converter Station industry knowledge supply, appendix, analysis findings, and the conclusion.
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