Electric power transmission system uses direct current for the heavy transmission of electric power. Power stations generate alternating current (AC) and most of the transmission line carries AC that oscillates with 50 or 60 cycles per second which causes high energy loss. Direct current doesn’t oscillate. The power converted in a converter station and transfer by overhead lines and cables to the receiving point. Then the power restored to AC in another converter station and injected to AC lines.
The report “HVDC Market Forecast 2014-2019”, analyses the market in terms of geography. In terms of geography, market segmentation covers Europe, Asia Pacific, and America.
The rising demand for electricity and the need to transmit it with less energy loss is driving the HVDC market to grow. Now a days, the share of energy from renewable sources like wind and solar is increasing but these sorts of power plants are far away from urban area. The increasing wind farms focusing on a reliable source for energy transmission have been driving the HVDC market. Most of the countries worldwide have set up targets to increase the percentage of energy contribution by renewable sources.
HVDC power transmission is a reliable system. It helps for long distance power transmission without high energy loss. Renewable energy power plants are mostly driving this market to grow.
The report provides an extensive competitive landscaping of key companies operating in this market. The key players of the market are ABB (Switzerland), Alstom (France), Mitsubishi (Japan), and others. Further, country wise market share, new product and services launches, M&A, product portfolio of key players is covered in the report.
Along with the market data, you can also customize MMM assessments that meets your company‘s specific needs. Customize to get comprehensive industry standard and deep-dive analysis of the following parameters:
Product Benchmarking Outlook
- Technology advancement in HVDC transmission system
- Comparison of HVDC and HVAC
- Competitor’s analysis
Customer Segment Outlook
- Impact of HVDC innovations on power industry
- Challenges in HVDC industry
1.1 Analyst Insights
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
2 Executive Summary
3 Market Overview
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