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HVDC Converter Station Market by Configuration, Technology, Component, Power Rating, and Region - Global Forecast to 2022 - Research and MarketsThe "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" report has been added to Research and Markets' offering. The HVDC converter station market is projected to reach USD 11.57 billion by 2022 from USD 7.90 billion in 2017, at a CAGR of 7.92%, during the forecast period. The growth of the market is driven by certain parameters such as the increase in demand for cost-effective solutions for long distance power distribution, from major economies across the world. In addition to this, the capability of HVDC converter stations to integrate the renewable resource with the main grid is a market opportunity for HVDC converter stations. Factors such as a lengthy process for approval of the project and the higher one-time installation cost can hinder the growth in the HVDC converter station market. The major advantage of HVDC converter stations is it capability to connect renewable power sources to the main grid and is also the driving force for the market. The market in Europe is currently the largest market for HVDC converter stations, followed by Asia Pacific. The market in Asia Pacific is primarily driven by China and India as these are the major economies in the region which have a huge demand for efficient power transmission systems. Asia Pacific has the largest installation of HVDC converter stations in the world owing to the requirement of bulk power transport. Moreover, China has a number of regional players as NR Electric and C-EPRI, among others in the HVDC converter station market to meet the requirement of its large UHVDC projects. China is planning to connect different power grids to a central line, driving the market for HVDC converter stations. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 HVDC Converter Station Market, By Configuration 7 HVDC Converter Station Market, By Technology 8 HVDC Converter Station Market, By Component 9 HVDC Converter Station Market, By Power Rating 10 HVDC Converter Station Market, By Region 11 Competitive Landscape 12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/cfq3mf/hvdc_converter?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20171218005530/en/ |
