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Power & Energy
Power is generated, transmitted and distributed as AC, and most of the time, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high power losses that such transmission involves. In such situations, DC power is used, and the conversion of AC power to DC for transmission is achieved using a converter station.
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. 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.
Market Analysis and Insights: Global HVDC Converter Stations Market
The global HVDC Converter Stations market size is projected to reach US$ 10540 million by 2026, from US$ 7287.3 million in 2020, at a CAGR of 6.3% during 2021-2026.
Global HVDC Converter Stations Scope and Segment
The global HVDC Converter Stations market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global HVDC Converter Stations market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
Segment by Type, the HVDC Converter Stations market is segmented into
Monopolar
Bi-Polar
Back to Back
Multi-Terminal
Segment by Application, the HVDC Converter Stations market is segmented into
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Others
HVDC Converter Stations market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in HVDC Converter Stations business, the date to enter into the HVDC Converter Stations market, HVDC Converter Stations product introduction, recent developments, etc.
The major vendors covered:
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Other
...
Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise HVDC Converter Stations markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global HVDC Converter Stations market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.
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. 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.
Market Analysis and Insights: Global HVDC Converter Stations Market
The global HVDC Converter Stations market size is projected to reach US$ 10540 million by 2026, from US$ 7287.3 million in 2020, at a CAGR of 6.3% during 2021-2026.
Global HVDC Converter Stations Scope and Segment
The global HVDC Converter Stations market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global HVDC Converter Stations market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
Segment by Type, the HVDC Converter Stations market is segmented into
Monopolar
Bi-Polar
Back to Back
Multi-Terminal
Segment by Application, the HVDC Converter Stations market is segmented into
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Others
HVDC Converter Stations market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in HVDC Converter Stations business, the date to enter into the HVDC Converter Stations market, HVDC Converter Stations product introduction, recent developments, etc.
The major vendors covered:
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Other
...
Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise HVDC Converter Stations markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global HVDC Converter Stations market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
