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Global High Voltage Direct Current (HVDC) Transmission Market Worth USD 8.335 Billion by 2021 - Analysis, Technologies & Forecasts Report 2016-2021 - Key Vendors: GE, Prysmian Group, Transgrid Solutions - Research and MarketsResearch and Markets has announced the addition of the "High Voltage Direct Current (HVDC) Transmission Market - Forecasts from 2016 to 2021" report to their offering. Growing electricity consumption is the major driver of HVDC market leading to increased investments in energy infrastructure to enhance power generation output. Global High Voltage Direct Current Transmission (HVDC) Market is projected to witness CAGR of 9.56% over the forecast period to reach US$8.335 billion by 2021, from estimated value of US$4.819 billion in 2015. The occurrence of heavy transmission losses due to weak HVDC system and stringent government regulations regarding electricity transmission are other factors that contribute to the growth of global HVDC market. The demand for HVDC transmission is significantly increasing all over the globe due to its capability to deliver bulk power in case of long distance transmission without much transmission losses. The off-shore transmission will witness te fastest growth during the forecast period due to a high rate of renewable energy generation from increasing number of wind farms and solar panels worldwide. Moreover, growing concern for the reduction in CO2 emission from the power generation plant will also promote the growth of HVDC grid systems, thereby leading to the expansion of global HVDC transmission market. Companies Mentioned:
Report Structure: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Dynamics 5. HVDC Transmission Market Forecast by Technology (US$ billion) 6. HVDC Transmission Market Forecast by Application (US$ billion) 7. HVDC Transmission Market Forecast by Component (US$ billion) 8. HVDC Transmission Market Forecast by Geography (US$ billion) 9. Competitive Intelligence 10. Company Profiles For more information about this report visit http://www.researchandmarkets.com/research/lp7v6g/high_voltage Related Topics: Electrical Engineering, Electricity View source version on businesswire.com: http://www.businesswire.com/news/home/20160919005780/en/ |
