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The HVDC converter station market is projected to grow at a CAGR of 7.92%LONDON, Jan. 5, 2018 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5246329 Asia Pacific: The fastest growing market for HVDC converter stations 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. Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: By Company Type: Tier 1- 60%, Tier 2- 27%, and Tier 3- 13% By Designation: C-Level- 35%, Manager Level- 25%, and D-Level- 40% By Region: North America- 60%, Europe- 30%, Asia Pacific- 10%, Notes: The tier for companies has been defined on the basis of their total revenue, as of 2016: Tier 1=>USD 5 billion, Tier 2=from USD 1 billion to USD 5 billion, and Tier 3= Leading players in the HVDC converter station market include ABB (Switzerland), Siemens (Germany), General Electric (US), Mitsubishi (Japan), Toshiba (Japan), NE Electric (China), and C-EPRI (China). Research Coverage: The report defines, describes, and forecasts the global HVDC converter station market by technology, configuration, component, power rating, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues. It also covers various important aspects of the market. Why buy this report? The report identifies and addresses key technology providers for HVDC converter stations which would help service providers, review the growth in the demand for services. The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, and challenges. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions. Download the full report: https://www.reportbuyer.com/product/5246329 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-hvdc-converter-station-market-is-projected-to-grow-at-a-cagr-of-792-300578123.html SOURCE ReportBuyer |