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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

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

“The HVDC converter station market is projected to grow at a CAGR of 7.92%, from 2017 to 2022”
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 its capability to connect renewable power sources to the main grid and is also the driving force for the market.

“The >2,000 MW power rating segment, is expected to grow at the highest CAGR, from 2017 to 2022”
The >2000 MW power rating segment is likely to grow at the highest CAGR, from 2017 to 2022. The >2000 MW segment had the largest market share in 2016 and the trend is projected to continue till 2022.

The >2000 MW segment is driven by the development of the power transmission capacity of valves, because of which major economies such as India and China have led to a high demand for HVDC converter stations. Moreover, the European Union targets for power generation through renewable resources have created an increasing demand for connecting renewable power sources to the grid, which is further expected to drive the demand for HVDC converter stations in Europe.

“The LCC segment is expected to hold the largest share of the HVDC converter station market during the forecast period”
The LCC segment is expected to lead the HVDC converter station market, by technology from 2017 to 2022. The development of thyristor valves in the recent years have provided an edge for HVDC converter stations to transfer bulk power over long distances. Due to this, the LCC technology finds application in UHVDC projects proposed in major economies in Asia Pacific for bulk power transport.

“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=<USD 1 billion

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.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • REGIONAL SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
      • ASSUMPTIONS OF THE RESEARCH STUDY
  • EXECUTIVE SUMMARY
    • Table HVDC CONVERTER STATION MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE HVDC CONVERTER STATION MARKET
    • HVDC CONVERTER STATION MARKET, BY COUNTRY
    • EUROPE HVDC CONVERTER STATION MARKET, BY CONFIGURATION & COUNTRY
    • HVDC CONVERTER STATION MARKET, BY TECHNOLOGY
    • HVDC CONVERTER STATION MARKET, BY COMPONENT
    • HVDC CONVERTER STATION MARKET, BY POWER RATING
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • OPPORTUNITIES
      • CHALLENGES
  • HVDC CONVERTER STATION MARKET, BY CONFIGURATION
    • INTRODUCTION
      • Table HVDC CONVERTER STATION MARKET SIZE, BY CONFIGURATION, 2015-2022 (USD BILLION)
    • MONOPOLAR
      • Table MONOPOLAR: HVDC CNVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • BI-POLAR
      • Table BI-POLAR: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • BACK-TO-BACK
      • Table BACK-TO-BACK: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MULTI-TERMINAL
      • Table MULTI-TERMINAL: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • HVDC CONVERTER STATION MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD BILLION)
    • LCC
      • Table LCC: HVDC CONVERTER STATION, BY REGION, 2015-2022 (USD MILLION)
    • VSC
      • Table VSC: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • HVDC CONVERTER STATION MARKET, BY COMPONENT
    • INTRODUCTION
      • Table HVDC CONVERTER STATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD BILLION)
    • VALVE
      • Table VALVE: HVDC CNVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CONVERTER TRANSFORMERS
      • Table CONVERTER TRANSFORMERS: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • HARMONIC FILTERS
      • Table HARMONIC FILTER: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • REACTORS
      • Table REACTORS: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CIRCUIT BREAKERS
      • Table CIRCUIT BREAKER: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SURGE ARRESTERS
      • Table SURGE ARRESTER: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • HVDC CONVERTER STATION MARKET, BY POWER RATING
    • INTRODUCTION
      • Table HVDC CONVERTER STATION MARKET SIZE, BY POWER RATING, 2015-2022 (USD BILLION)
    • BELOW 500 MW
      • Table BELOW 500 MW: HVDC CONVERTER STATION, BY REGION, 2015-2022 (USD MILLION)
    • >500-1000 MW
      • Table >500-1000 MW: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • >1000-1500 MW
      • Table >1000-1500 MW: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • >1500-2000 MW
      • Table >1500-1000 MW: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • ABOVE 2000 MW
      • Table >2000 MW: HVDC CONVERTER STATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • HVDC CONVERTER STATION MARKET, BY REGION
    • INTRODUCTION
      • Table HVDC CONVERTER STATION MARKET, BY REGION 2015-2022 (USD BILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: HVDC CONVERTER STATION MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: HVDC CONVERTER STATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: HVDC CONVERTER STATION MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: HVDC CONVERTER STATION MARKET SIZE, BY CONFIGURATION, 2015-2022 (USD MILLION)
      • Table US: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table CANADA: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: HVDC CONVERTER STATION MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table EUROPE: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table EUROPE: HVDC CONVERTER STATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: HVDC CONVERTER STATION MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
      • Table EUROPE: HVDC CONVERTER STATION MARKET SIZE, BY CONFIGURATION 2015-2022 (USD MILLION)
      • Table UK: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table GERMANY: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table FRANCE: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table NORWAY: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table REST OF EUROPE: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: HVDC CONVERTER STATION MARKET SIZE, BY COUNTRY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: HVDC CONVERTER STATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: HVDC CONVERTER STATION MARKET SIZE, BY CONFIGURATION, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: HVDC CONVERTER STATION MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
      • Table CHINA: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table INDIA: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table REST OF ASIA PACIFIC: HVDC CONVERTER STATION MARKET SIZE, BY TECHNOLOGY, 2015-2022 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: HVDC CONVERTER STATION MARKET, BY REGION, 2015-2022 (USD MILLION)
      • Table ROW: HVDC CONVERTER STATION MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table ROW: HVDC CONVERTER STATION MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ROW: HVDC CONVERTER STATION MARKET SIZE, BY POWER RATING, 2015-2022 (USD MILLION)
      • Table ROW: HVDC CONVERTER STATION MARKET SIZE, BY CONFIGURATION, 2015-2022 (USD MILLION)
      • Table SOUTH AMERICA: HVDC CONVERTER STATION MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST & AFRICA: HVDC CONVERTER STATION MARKET, BY TECHNOLOGY, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS
    • COMPETITIVE SCENARIO
      • CONTRACTS & AGREEMENTS
        • Table CONTRACTS & AGREEMENTS, 2014-2017
      • INVESTMENTS & EXPANSIONS
        • Table INVESTMENTS AND EXPANSIONS, 2015-2017
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2014-2017
      • JOINT VENTURES
        • Table JOINT VENTURES, 2014-2017
  • COMPANY PROFILES
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • TOSHIBA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MITSUBISHI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BHEL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NR ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CHINA XIAN XD POWER SYSTEM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • C-EPRI POWER ENGINEERING COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • XJ ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • HYOSUNG
      • OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • LSIS
      • OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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