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HVDC Converter Station Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

HVDC Converter Station Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

The report on global hvdc converter station market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global hvdc converter station market to grow with a CAGR of 8.0% over the forecast period of 2018-2024. The study on hvdc converter station market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
The HVDC (High Voltage Direct Current) is widely used to transmit long distance bulk power and connect two separate AC systems. As a result, it is necessary to install expensive filter-compensation units and reactive power compensation units. These converter stations are especially used for converting alternating current (AC) to direct current (DC). Mercury arc valves were used in the beginning in every HVDC system. The HVDC system is less expensive and has minimum losses and it transmits power between the unsynchronized AC systems.
Increasing demand for for cost effective solution for long distance power transmission and government policies towards DC transmission are the factors driving the growth of the HVDC converter station market. Additionally, increasing number of renewable energy generation plants such as solar farms are anticipated to have positive impact for the growth of the HVDC converter station market. However, transmission congestion, instability, and high initial setup cost are the factors likely to hamper the growth of the HVDC converter market during the forecast period. On the other hand, lengthy approval processes for transmission projects is also the factor having negative impact for the growth of the market.
Furthermore, growing concerns over reducing fossil fuels and increasing carbon emissions have led to the growth of offshore wind farms that require HVDC converter to connect their farms to the grids. This in turn is anticipated to provide several growth opportunities for the key players in the HVDC converter station market. Moreover, rapid adoption rate for the UHVDC Technology in China is also providing opportunities for the HVDC converter market over the Upcoming years.
Among the geographies, Europe dominated the HVDC converter station market owing to the investments in power transmission by major economies such as the UK, Germany, and Italy. Moreover, Asia Pacific is anticipated to lead the HVDC converter station market over the upcoming years.
The report on hvdc converter station market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global hvdc converter station market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global hvdc converter station market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global hvdc converter station market is segmented on the basis of technology, components, configuration and application.

Global Hvdc Converter Station Market by Technology
Voltage Source Converter (VSC)
Line Commutated Converter (LCC)
Global Hvdc Converter Station Market by Components
Converter Station
Converter Unit
Converter Valves
Converter Transformers
Filters
Reactive Power Source
Smoothing Reactor
HVDC System Pole
Global Hvdc Converter Station Market by Configuration
Monopolar
BI-Polar
Back-To-Back
Multi-Terminal
Global Hvdc Converter Station Market by Application
Power Industry
Interconnecting Networks
Oil & Gas

Company Profiles
GE
ABB Ltd.
Siemens A.G.
Toshiba Corporation
BHEL
Mitsubishi Electric
NR Electric Co., Ltd.
TransGrid Solutions Inc.
Prysmian Group
Nexans SA
American Superconductor

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of hvdc converter station market.
2. Complete coverage of all the segments in hvdc converter station market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global hvdc converter station market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.


The report on hvdc converter station market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global hvdc converter station market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
2.1. HVDC Converter Station Market Highlights
2.2. HVDC Converter Station Market Projection
2.3. HVDC Converter Station Market Regional Highlights
3. Global HVDC Converter Station Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Technology
3.4.2. IGR-Growth Matrix Analysis by Components
3.4.3. IGR-Growth Matrix Analysis by Configuration
3.4.4. IGR-Growth Matrix Analysis by Application
3.4.5. IGR-Growth Matrix Analysis by Region
3.5. Value chain HVDC converter station market
3.6. Import-Export data matrix
4. HVDC Converter Station Market Macro Indicator Analysis
5. Global HVDC Converter Station Market by Technology
5.1. Voltage Source Converter (VSC)
5.2. Line Commutated Converter (LCC)
6. Global HVDC Converter Station Market by Components
6.1. Converter Station
6.2. Converter Unit
6.3. Converter Valves
6.4. Converter Transformers
6.5. Filters
6.6. Reactive Power Source
6.7. Smoothing Reactor
6.8. HVDC System Pole
7. Global HVDC Converter Station Market by Configuration
7.1. Monopolar
7.2. BI-Polar
7.3. Back-To-Back
7.4. Multi-Terminal
8. Global HVDC Converter Station Market by Application
8.1. Power Industry
8.2. Interconnecting Networks
8.3. Oil & Gas
9. Global HVDC Converter Station Market by Region 2018-2024
9.1. North America
9.1.1. North America HVDC Converter Station Market by Technology
9.1.2. North America HVDC Converter Station Market by Components
9.1.3. North America HVDC Converter Station Market by Configuration
9.1.4. North America HVDC Converter Station Market by Application
9.1.5. North America HVDC Converter Station Market by Country
9.2. Europe
9.2.1. Europe HVDC Converter Station Market by Technology
9.2.2. Europe HVDC Converter Station Market by Components
9.2.3. Europe HVDC Converter Station Market by Configuration
9.2.4. Europe HVDC Converter Station Market by Application
9.2.5. Europe HVDC Converter Station Market by Country
9.3. Asia-Pacific
9.3.1. Asia-Pacific HVDC Converter Station Market by Technology
9.3.2. Asia-Pacific HVDC Converter Station Market by Components
9.3.3. Asia-Pacific HVDC Converter Station Market by Configuration
9.3.4. Asia-Pacific HVDC Converter Station Market by Application
9.3.5. Asia-Pacific HVDC Converter Station Market by Country
9.4. RoW
9.4.1. RoW HVDC Converter Station Market by Technology
9.4.2. RoW HVDC Converter Station Market by Components
9.4.3. RoW HVDC Converter Station Market by Configuration
9.4.4. RoW HVDC Converter Station Market by Application
9.4.5. RoW HVDC Converter Station Market by Sub-region
10. Company profiles and competitive landscape
10.1.Competitive Landscape in the Global HVDC Converter Station Market
10.2.Companies Profiles
10.2.1. Ge
10.2.1.1. Overview
10.2.1.2. Company Snapshot
10.2.1.3. Financial Snapshot
10.2.1.4. Product portfolio
10.2.1.5. Recent developments
10.2.2. Abb Ltd.
10.2.2.1. Overview
10.2.2.2. Company Snapshot
10.2.2.3. Financial Snapshot
10.2.2.4. Product portfolio
10.2.2.5. Recent developments
10.2.3. Siemens A.g.
10.2.3.1. Overview
10.2.3.2. Company Snapshot
10.2.3.3. Financial Snapshot
10.2.3.4. Product portfolio
10.2.3.5. Recent developments
10.2.4. Toshiba Corporation
10.2.4.1. Overview
10.2.4.2. Company Snapshot
10.2.4.3. Financial Snapshot
10.2.4.4. Product portfolio
10.2.4.5. Recent developments
10.2.5. Bhel
10.2.5.1. Overview
10.2.5.2. Company Snapshot
10.2.5.3. Financial Snapshot
10.2.5.4. Product portfolio
10.2.5.5. Recent developments
10.2.6. Mitsubishi Electric
10.2.6.1. Overview
10.2.6.2. Company Snapshot
10.2.6.3. Financial Snapshot
10.2.6.4. Product portfolio
10.2.6.5. Recent developments
10.2.7. Nr Electric Co., Ltd.
10.2.7.1. Overview
10.2.7.2. Company Snapshot
10.2.7.3. Financial Snapshot
10.2.7.4. Product portfolio
10.2.7.5. Recent developments
10.2.8. Transgrid Solutions Inc.
10.2.8.1. Overview
10.2.8.2. Company Snapshot
10.2.8.3. Financial Snapshot
10.2.8.4. Product portfolio
10.2.8.5. Recent developments
10.2.9. Prysmian Group
10.2.9.1. Overview
10.2.9.2. Company Snapshot
10.2.9.3. Financial Snapshot
10.2.9.4. Product portfolio
10.2.9.5. Recent developments
10.2.10. Nexans Sa
10.2.10.1. Overview
10.2.10.2. Company Snapshot
10.2.10.3. Financial Snapshot
10.2.10.4. Product portfolio
10.2.10.5. Recent developments
10.2.11. American Superconductor
10.2.11.1. Overview
10.2.11.2. Company Snapshot
10.2.11.3. Financial Snapshot
10.2.11.4. Product portfolio
10.2.11.5. Recent developments
11. Appendix
11.1.Primary research findings and questionnaire

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