Energy Industry News
Home | Energy News | Submit Press Release | About Us


Free Utility & Energy Magazines
Press release distribution service

Energy Media
AltEnergyMag
Clean Energy Report
Colorado Energy News
Energy: MIT Tecnology Review
Energy Business Review
Energy Cities
EUROPA
Fuel Fix
Financial Times
Interfax Energy
Green Energy Times
News York Times
NBC News
NPR
Oil & Gas Investor
Oil Price
Platt
PennEnergy
Reuters
RechargeNews
Resilience
Science Daily
Renewable Energy World
Renewable Energy Transportation
The Daily Energy Report
The Energy Daily

Energy Industry News Releases

HVDC Converter Station Market worth $11.57 Billion by 2022; Increasing need for connecting asynchronous grids

 



(EnergyIndustry.Net, August 27, 2019 ) The report "HVDC Converter Station Market by Configuration (Monopolar, Bi-Polar, Back-to-Back, Multi-Terminal), Technology (LCC, VSC), Component (Valve, Converter Transformer, Harmonic Filter, Reactor), Power Rating, and Region - Global Forecast to 2022", The HVDC converter station market is expected to grow from an estimated value of USD 7.90 Billion in 2017 to USD 11.57 Billion by 2022, registering a CAGR of 7.92%, from 2017 to 2022. The major factors driving the growth of the market is the increasing requirement for cost-effective solutions for bulk power transfer and increasing need for connecting asynchronous grids. Due to these, there has been a rapid adoption of HVDC in Europe and Asia Pacific creating a market opportunity for the HVDC converter station market.

Browse 60 market data Tables and 41 Figures spread through 132 Pages and in-depth TOC on "HVDC Converter Station Market - Global Forecast to 2022"

Increasing requirement to transfer bulk power over long distances and the connection of the renewable energy resources to the national grid are driving the market for HVDC converter stations.

The LCC technology is expected to hold the largest market share in the HVDC converter station market from 2017 to 2022

The rise in the use of thyristor valves has increased the demand for LCC HVDC systems because of the better reliability of the thyristor technology. In the recent years, technical improvements and compact designs with large-capacity thyristors (up to 8.5 kV, 4 kA) have contributed to the progress of HVDC applications in the Asia Pacific region, because of which there have been large UHVDC projects with the LCC technology in China. The trend is expected to continue in the by 2022 as the major economies in Asia and Europe such as China and the UK, among others are still struggling to meet the energy requirement in the country.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243369221

The >2,000 MW segment in the HVDC converter station market is expected to be the largest and is projected to grow at the highest CAGR during the forecast period

The above 2,000 MW segment is projected to grow at the highest CAGR during the forecast period, as the major problem faced by large economies such as India and China is to ensure efficient transfer of bulk electricity over long distances while maintaining the national electricity grid without any disturbance. Thus, a large number of projects in the countries are developed in UHVDC. This trend is expected to continue till 2022, supporting the growth of the >2000 MW segment. For instance, in January 2017 the Power Grid Corporation of India awarded a contract to ABB for its Raigarh-Pugalur UHVDC project which would have the 6000 MW capacity and the transmission line of 1,800 Km. The scope of the project includes design, engineering, supply, installation, and commissioning and major equipment including transformers, converter valves, cooling systems, as well as the control and protection technology.

Europe: The leading market for HVDC converter stations

In this report, the HVDC converter station market has been analyzed with respect to four regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The HVDC converter station market is expanding in developing countries owing to the growing requirement to transfer bulk power over long distances and to connect the renewable energy resources to the national grid. The market in Europe is expected to dominate the global HVDC converter station market, with the highest share as the major economies in the region such as the UK, Germany, and France are developing interlinkage links between countries to maintain power efficiency. Thus, the region is expected to maintain its dominance in the HVDC converter station market during the forecast period.

Request for sample pages of the report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=243369221

The major players in the HVDC converter station market are ABB (Switzerland), Siemens (Germany), and General Electric (US). The majority of the HVDC converter station market is dominated by these global players due to their wide regional presence and are established brand names. The other benefits with these players are their technologically advanced products and expertise in the industry which is helping them to lead the market.

MarketsandMarkets™

Mr. Shelly Singh

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Renewable Energy News




Press release service Free Utility & Energy Magazines
Press release distribution service
:: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

Copyright 2008 GroupWeb Media LLC
GroupWeb Media Network

Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
| i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
EnergyIndustry.Net is a Energy news service of GroupWeb Media LLC