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Global HVDC Converter Stations Market 2016-2020

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table HVDC transmission system
      • Table Different transmission technology structure comparison
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global HVDC converter stations market 2015-2020 ($ billions)
      • Table Major HVDC markets
      • Table HVDC and AC system cost analysis
      • Table Right of way comparison for approximately 2 GW
      • Table Cost comparison of DC transmission versus AC transmission
      • Table Upcoming HVDC projects in Europe
      • Table Upcoming HVDC projects in North America
      • Table Upcoming HVDC projects in Asia
      • Table Supergrid research projects
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by configuration type
    • Global HVDC converter stations market by configuration type 2015
      • Table Global HVDC converter stations market by configuration type 2015
    • Global HVDC converter stations market by configuration type 2020
      • Table Global HVDC converter stations market by configuration type 2020
    • Global HVDC converter stations market by configuration type 2015-2020
      • Table Global HVDC converter stations market by configuration type 2015-2020
    • Global HVDC converter stations market by bipolar configuration
      • Table Global HVDC converter stations market by bipolar configuration 2015-2020 ($ billions)
    • Global HVDC converter stations market by monopolar configuration
      • Table Global HVDC converter stations market by monopolar configuration 2015-2020 ($ billions)
    • Global HVDC converter stations market by back-to-back Configuration
      • Table Global HVDC converter stations market by back-to-back configuration 2015-2020 ($ billions)
    • Global HVDC converter stations market by multi-terminal configuration
      • Table Global HVDC converter stations market by multi-terminal configuration 2015-2020 ($ billions)
  • Geographical segmentation
    • Global HVDC converter stations market by geographic segmentation 2015
      • Table Global HVDC converter stations market by geographic segmentation 2015
    • Global HVDC converter stations market by geographic segmentation 2020
      • Table Global HVDC converter stations market by geographic segmentation 2020
    • Global HVDC converter stations market by geographic segmentation 2015-2020
      • Table Global HVDC converter stations market by geographic segmentation 2015-2020
    • HVDC converter stations market in EMEA
      • Table HVDC converter stations market in EMEA 2015-2020 ($ billion)
      • Table Total electricity imports (billions of kilowatt-hours)
      • Table Benefits of interconnected systems
    • HVDC converter stations market in APAC
      • Table HVDC converter stations market in APAC 2015-2020 ($ billions)
      • Table Prominent HVDC links in APAC
    • HVDC converter stations market in Americas
      • Table HVDC converter stations market in the Americas 2015-2020 ($ billion)
  • Key leading countries
    • China
      • Table UHV projects in China 2015
    • Brazil
      • Table Power energy mix in Brazil 2014
    • Sweden
  • Market drivers
    • Growth in offshore wind installations
      • Table Global offshore wind installed capacity (MW)
    • Increasing cross-border interconnections
    • Surge in global demand for electricity
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High capital investment needed to establish HVDC converter stations
      • Table Cost comparison of HVDC and AC systems
      • Table Estimated cost structure of a converter system
    • Lack of investment in grid infrastructure by power utilities
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increased demand for power generation and changing energy landscape
      • Table Countries with renewable targets and policies 2005
      • Table Countries with renewable targets and policies 2015
    • Technological advances in HVDC technology
      • Table Improvements in the energy-efficiency of different technology
    • Increasing investment in HVDC systems
  • Vendor landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table ABB: Business segmentation by revenue 2015
      • Table ABB: Geographical segmentation by revenue 2015
    • BHEL
      • Table Business segmentation by revenue 2015
      • Table Revenue comparison by business segment for 2014 and 2015 ($ billions)
      • Table BHEL: Product portfolio
    • GE-Alstom Grid
      • Table Business segmentation by revenue 2015
      • Table GE-Alstom Grid: Product portfolio
    • Hitachi
      • Table Hitachi's activities in HVDC converter stations market
  • Appendix
    • List of abbreviations
  • Explore Technavio

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.

Technavio’s analysts forecast the global HVDC convertor stations market to grow at a CAGR of 24.10% during the period 2016-2020.

Covered in this report

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.

The market is divided into the following 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.

Key vendors
  • ABB
  • BHEL
  • GE-Alstom Grid
  • Hitachi
Other prominent vendors
  • Areva SA
  • Hitachi
  • Toshiba
  • Mitsubishi
Market driver
  • Increasing cross-border interconnections
  • For a full, detailed list, view our report
Market challenge
  • Lack of investment in grid infrastructure by power utilities
  • For a full, detailed list, view our report
Market trend
  • Increasing investment in HVDC systems
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global HVDC Convertor Stations Market 2016-2020

Technavio recognizes the following companies as the key players in the global HVDC convertor stations market: ABB, BHEL, GE-Alstom Grid, and Hitachi.

Other Prominent Vendors in the market are: Areva SA, Hitachi, Toshiba, and Mitsubishi.

Commenting on the report, an analyst from Technavio’s team said: “Increasing demand for power generation will be a key trend for market growth. Power demand has increased exponentially across the globe. Further growth in the population and the global economy is expected to drive this trend in the future as well. According to the UN, world population is projected to increase from 6.7 billion in 2011 to 8.7 billion by 2035. Also, according to the IEA, world electricity demand is expected to increase from 19,004 TWh in 2011 to 34,454 TWh by 2035. The population growth and increasing developmental activities would require substantial amounts of power to sustain the pace of economic growth.”

According to the report, surge in global demand for electricity will be a key driver for market growth. The global HVDC converter stations market is expected to show steady growth shortly with the global demand for electricity expected to rise considerably. Growing electricity demand in countries in APAC and the need to transmit power over long distances with fewer transmission losses has increased. The share of clean and emission-free power from hydro, wind, solar, and other renewable energy sources in the global energy mix is expected to rise. Since the power plants producing these types of clean energy are expected to be situated away from major urban areas, HVDC transmission through the converter stations will transmit this clean electricity generated from renewable power plants to urban areas with minimum transmission losses.

Further, the report states that lack of investment in grid infrastructure by power utilities will be a challenge for the market. Many power utilities across the globe upgrade their power systems only when they are damaged. This is the outcome of the near-term cost evasion strategy that is adopted by utilities, resulting in a reluctance to adopt smart grid technologies such as HVDC converters. This, in turn, will hinder the growth of the global HVDC converter stations market as HVDC converter technology is an integral part of the smart grid solution. For the deployment of HVDC converter technology, it is important for power utilities to upgrade the power grids and substations with advanced grid technologies. But the power utilities are unwilling to upgrade their power grids as the cost involved in such upgrading activities is high.

Companies Mentioned

ABB, BHEL, GE-Alstom Grid, Hitachi, Areva SA, Hitachi, Toshiba, Mitsubishi.

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