HVDC Converter Stations market globally grow tremendously at a CAGR of about 24.10% by 2020
About Power Generation
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.
Technavios analysts forecast the global HVDC convertor stations market to grow at a CAGR of 24.10% during the period 2016-2020.
Covered :
The report covers the present scenario and the growth prospects of the global HVDC convertor stations market for 2016-2020. To calculate the market size, the report considers the revenue generated from the demand for the HVDC converter stations market from different end-users in all the regions.
Segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global HVDC Convertor Stations Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
ABB
BHEL
GE-Alstom Grid
Hitachi
Other prominent vendors
Areva SA
Hitachi
Toshiba
Mitsubishi
Key driver
Increasing cross-border interconnections
For a full, detailed list, view our report
Key challenge
Lack of investment in grid infrastructure by power utilities
For a full, detailed list, view our report
Key trend
Increasing investment in HVDC systems
For a full, detailed list, view our report
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