HOME Top Market Reports HVDC Transmission Market by Technology (LCC & VSC), Configuration (Back to Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 1001 MW–1500, 1501-2000 MW & Above 2000 MW), Application, Component & Geography - Forecast Analysis to 2014 - 2020

HVDC Transmission Market by Technology (LCC & VSC), Configuration (Back to Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 1001 MW–1500, 1501-2000 MW & Above 2000 MW), Application, Component & Geography - Forecast Analysis to 2014 - 2020

By: marketsandmarkets.com
Publishing Date: December 2014
Report Code: SE 3052

 

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HVDC transmission is an emerging technology providing efficient and fast transfer of electricity at long range, reducing the losses caused by HVAC (High Voltage Altering Current). To reduce the heavy transmission loss which is incurred by the AC system and the efficient transfer at long distances are the major features of HVDC technology. Hence, HVDC transmission becomes an interesting preposition across the globe as it focuses on lower transmission losses, asynchronous interconnection and the capability to deliver bulk power for long distance transmission.

Based on the technology, the HVDC transmission market can be divided into Line communicated converters, capacitor communicated converters, and voltage source converters.

The line commutate converters occupied largest share of HVDC market in 2014 but voltage source converters are expected to grow by the year 2020.

The report provides the profiles of all the major companies in the HVDC transmission market. The report also provides the competitive landscape of the key players, which indicates the growth strategy of the HVDC transmission market in the industry. The report also covers the entire value chain for the market, right from the infrastructure provider to the end user. Along with the value chain, this report also provides an in-depth view on the technology, configuration, power rating, application, and geographic analysis of the HVDC transmission market. The HVDC transmission market is expected to grow at 13.54 billion by 2020 at a CAGR of 17.13% from 2014 to 2020.

The report also provides the market dynamics such as drivers, restraints, opportunities and challenges for the market. Apart from the market segmentation, the report also includes the critical market data and qualitative information with regard to HVDC; along with the qualitative analysis, such as the Porter’s five force analysis, value chain analysis, and the market crackdown analysis.

Key players in the this market include ABB Ltd. (Switzerland), Siemens AG (Germany), Alstom (France), Toshiba Corporation (Japan), and Schneider Electric (France) among others. The detailed explanation of the different market segments is given below:

Table of Contents 
 
1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Market Scope
          1.5.1 Year Consideration
          1.5.2 Package
          1.5.3 Currency
          1.5.4 Limitation

2 Research Methodology (Page No. - 18)
    2.1 Market Size Estimation
    2.2 Factor Analysis
          2.2.1 Demand Side Analysis
          2.2.2 Supply Side Analysis
    2.3 Market Share Estimation
          2.3.1 Key Data Taken From Secondary Sources
          2.3.2 Key Data Points Taken From Primary Sources
          2.3.3 Assumptions

3 Executive Summary (Page No. - 19)

4 Premium Insights (Page No. - 20)

5 Market Overview (Page No. - 21)
    5.1 Introduction
    5.2 Market Segmentation
          5.2.1 Market Segmentation: By Technology
          5.2.2 Market Segmentation : By Configuration
          5.2.3 Market Segmentation : By Component
          5.2.4 Market Segmentation : By Application
          5.2.5 Market Segmentation :By Power Rating
    5.3 Market Dynamics
          5.3.1 Drivers
                   5.3.1.1 Need for Advanced HVDC Control in Power Systems
                   5.3.1.2 Growing Demand to Reduce Transmission Losses in Power Systems
                   5.3.1.3 Rising Government Mandates in HVDC Power Transmission
                   5.3.1.4 High Investment in offshore Wind Transmission infrastructure
          5.3.2 Restraints
                   5.3.2.1 High Cost of Installation in HVDC Transmission Systems
                   5.3.2.2 Lack of Standardization of HVDC Transmission Systems
          5.3.3 Opportunities
                   5.3.3.1 Growing Need for Integrated Networks
                   5.3.3.2 High-Tech Power Grid Will Give Rise in Power Trading Among the Nearby Nations
          5.3.4 Challenges
                   5.3.4.1 Increasing Interoperability Among the Neighboring Networks
          5.3.5 Burning Issue
                   5.3.5.1 De-Carbonization of Power Systems

6 Industry Trends (Page No. - 33)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five forces Analysis
          6.3.1 Threat From New Entrants
          6.3.2 Threat From Substitutes
          6.3.3 Bargaining Power of Suppliers
          6.3.4 Bargaining Power of Buyers
          6.3.5 Intensity of Competitive Rivalry
    6.4 Strategic Benchmarking
          6.4.1 New Contracts and Product Launches in the HVDC Transmission Market

7 Market By Technology (Page No. - 43)
    7.1 Introduction
    7.2 Line Commutated Converter (LCC)
          7.2.1 Components of LCC HVDC System
          7.2.2 Significance of Line Commutated Converter
    7.3 Capacitor Commutated Converter (CCC)
          7.3.1 Functions of CCC
          7.3.2 Significance of Capacitor Commutated Converter
    7.4 Voltage Source Converter (VSC)
          7.4.1 Components of VSC
          7.4.2 Significance of VSC Based Converter
    7.5 Comparision of LCC & VSC
    7.6 Comparision of HVDC & HVAC

8 Market By Configuration (Page No. - 50)
    8.1 Introduction
    8.2 Back to Back (BTB)
          8.2.1 Significance of Back to Back Configuration
    8.3 Monopolar
          8.3.1 Significance of Monopolar Configuration
    8.4 Bipolar
          8.4.1 Benefits of Bipolar Configuration
    8.5 Multi-Terminal
          8.5.1 Benefits of Bipolar Configuration

9 Market By Components (Page No. - 56)
    9.1 Introduction
    9.2 Thyristor Valves
    9.3 Converter Transformers
    9.4 Smoothing Reactor
    9.5 Surge Arrester
    9.6 Harmonic Filters
    9.7 DC Transmission Circuit
          9.7.1 Dc Transmission Line
          9.7.2 Dc Cable
          9.7.3 High Speed Dc Switches
          9.7.4 Earth Electrode
    9.8 Dc Breaker
    9.9 Control & Protection

10 Market By Application (Page No. - 57)
     10.1 Introduction
     10.2 Underground Power Links
     10.3 Powering Island and Remote Loads 
     10.3 Connecting Wind Farms
     10.4 Interconnecting Networks
     10.5 Oil & Gas offshore

11 Market By Power Rating (Page No. - 59)
     11.1 Introduction
     11.2 Below 500 MW
     11.3 501 MW-1000 MW
     11.4 1001 MW-1500 MW
     11.5 1501 MW-2000 MW
     11.6 Above 2001 MW

12 Geographic Analysis (Page No. - 64)
     12.1 Introduction
     12.2 Americas
            12.2.1 U.S.
            12.2.2 Canada
            12.2.3 Mexico
     12.3 Europe
            12.3.1 U.K
            12.3.2 Germany
            12.3.3 Russia
            12.3.4 France
            12.3.5 Others
     12.4 Asia-Pacific
            12.4.1 China
            12.4.2 Japan
            12.4.3 India
            12.4.4 South Korea
            12.4.5 Others
     12.5 ROW
            12.5.1 Latin America
            12.5.2 Middle East
            12.5.3 Africa

13 Competitive Landscape (Page No. - 66)

14 Company Profiles (Page No. - 67)
     14.1 Introduction
     14.2 ABB Ltd.
             14.2.1 Business Overview
             14.2.2 Product Portfolio
             14.2.3 Key Strategy
             14.2.4 Recent Developments
             14.2.5 MNM View
                        14.2.5.1 SWOT Analysis
     14.3 Alstom SA
             14.3.1 Business Overview
             14.3.2 Products offered
             14.3.3 Key Strategy
             14.3.4 Recent Developments
             14.3.5 MNM View
                        14.3.5.1 SWOT Analysis
     14.4 Siemens AG.
             14.4.1 Business Overview
             14.4.2 Products offered
             14.4.3 Key Strategy
             14.4.4 Recent Developments
             14.4.5 MNM View
                        14.4.5.1 SWOT Analysis
     14.5 Transgrid Solutions
             14.5.1 Business Overview
             14.5.2 Services offered
             14.5.3 Key Strategy
             14.5.4 Recent Developments
             14.5.5 MNM View
     14.6 Schneider Electric
             14.6.1 Business Overview
             14.6.2 Products Portfolio
             14.6.3 Key Strategy
             14.6.4 Recent Developments
             14.6.5 MNM View
                        14.6.5.1 SWOT Analysis
     14.7 General Electric Co.
             14.7.1 Business Overview
             14.7.2 Products Portfolio
             14.7.3 Key Strategy
             14.7.4 Recent Developments
            14.7.5 MNM View
                       14.7.5.1 SWOT Analysis
     14.8 Aecom
             14.8.1 Business Overview
             14.8.2 Products offered
             14.8.3 Key Strategy
             14.8.4 Recent Developments
     14.9 National Grid
             14.9.1 Business Overview
             14.9.2 Products offered
             14.9.3 Key Strategy
             14.9.4 Recent Developments
     14.10 Toshiba Corporation
             14.10.1 Business Overview
             14.10.2 Products & Services offered
             14.10.3 Key Strategy
             14.10.4 Recent Developments
     14.11 Hitachi Ltd.
             14.11.1 Business Overview
             14.11.2 Products & Services offered
             14.11.3 Key Strategy
             14.11.4 Recent Developments

15 Appendix (Page No. - 109)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 RT
     15.4 Related Report
 
 
List of Tables (79 Tables) 
  
Table 1 Growing Demand to Reduce Transmission Losses in Power Systems  is Propelling the Growth of HVDC Transmission Market
Table 2 The High Initial Cost in HVDC Transmission Systems Will Affect  the Growth of the  Market
Table 3 The High Initial Cost is Lowering the Growth of the HVDC Capacitor Market
Table 4 Quantification of Overall Porter’s Analysis
Table 5 HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 6 HVDC LLC Market, By Configuration, 2013-2020 ($Billion)
Table 7 HVDC LLC Market, By Application, 2013-2020 ($Billion)
Table 8 HVDC LLC Market, By Power Rating, 2013-2020 ($Billion)
Table 9 HVDC LLC Market, By Geography, 2013-2020 ($Billion)
Table 10 HVDC VSC Market, By Configuration, 2013-2020 ($Billion)
Table 11 HVDC VSC Market, By Application, 2013-2020 ($Billion)
Table 12 HVDC VSC Market, By Power Rating, 2013-2020 ($Billion)
Table 13 HVDC VSC Market, By Geography, 2013-2020 ($Billion)
Table 14 Comparison of LCC & VSC
Table 15 HVDC vs. HVAC
Table 16 HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 17 HVDC Transmission Back to Back Configuration Market, By Technology, 2013-2020 ($Billion)
Table 18 HVDC Transmission Back to Back Configuration Market, By Application, 2013-2020 ($Billion)
Table 19 HVDC Transmission Back to Back Configuration Market, By Power Rating, 2013-2020 ($Billion)
Table 20 HVDC Transmission Back to Back Configuration Market, By Geography, 2013-2020 ($Billion)
Table 21 HVDC Transmission Monopolar Configuration Market, By Technology, 2013-2020 ($Billion)
Table 22 HVDC Transmission Monopolar Configuration Market, By Application, 2013-2020 ($Billion)
Table 23 HVDC Transmission Monopolar Configuration Market, By Power Rating, 2013-2020 ($Billion)
Table 24 HVDC Transmission Monopolar Configuration Market, By Geography, 2013-2020 ($Billion)
Table 25 HVDC Transmission Bipolar Configuration Market, By Technology, 2013-2020 ($Billion)
Table 26 HVDC Transmission Bipolar Configuration Market, By Application, 2013-2020 ($Billion)
Table 27 HVDC Transmission Bipolar Configuration Market, By Power Rating, 2013-2020 ($Billion)
Table 28 HVDC Transmission Bipolar Configuration Market, By Geography, 2013-2020 ($Billion)
Table 29 HVDC Transmission Multi-Terminal Configuration Market, By Technology, 2013-2020 ($Billion)
Table 30 HVDC Transmission Multi-Terminal Configuration Market, By Application, 2013-2020 ($Billion)
Table 31 HVDC Transmission Multi-Terminal Configuration Market, By Power Rating, 2013-2020 ($Billion)
Table 32 HVDC Transmission Multi-Terminal Configuration Market, By Geography, 2013-2020 ($Billion)
Table 33 HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 34 Below 500 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 35 501 MW - 1000 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 36 1001 MW - 1500 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 37 1501 MW - 2000 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 38 Above 2000 MW:HVDC Transmission Market, By Component, 2013-2020 ($Billion)
Table 39 HVDC Transmission Market, By Application, 2013-2020 ($Million)
Table 40 HVDC Transmission for Underground Power Link, Market, By Technology, 2013-2020 ($Billion)
Table 41 HVDC Transmission for Underground Power Link, Market, By Configuration, 2013-2020 ($Billion)
Table 42 HVDC Transmission for Underground Power Link, Market, By Power Rating, 2013-2020 ($Billion)
Table 43 HVDC Transmission for Underground Power Link, Market, By Geography, 2013-2020 ($Billion)
Table 44 HVDC Transmission Powering Island & Remote Loads, Market, By Technology, 2013-2020 ($Billion)
Table 45 HVDC Transmission Powering Island & Remote Loads, Market, By Configuration, 2013-2020 ($Billion)
Table 46 HVDC Transmission Powering Island & Remote Loads, Market, By Power Rating, 2013-2020 ($Billion)
Table 47 HVDC Transmission Powering Island & Remote Loads, Market, By Geography, 2013-2020 ($Billion)
Table 48 HVDC Transmission for Connecting Wind Farms, Market, By Technology, 2013-2020 ($Billion)
Table 49 HVDC Transmission for Connecting Wind Farms, Market, By Configuration, 2013-2020 ($Billion)
Table 50 HVDC Transmission for Connecting Wind Farms, Market, By Power Rating, 2013-2020 ($Billion)
Table 51 HVDC Transmission for Connecting Wind Farms, Market, By Geography, 2013-2020 ($Billion)
Table 52 HVDC Transmission for Interconnecting Networks, Market, By Technology, 2013-2020 ($Billion)
Table 53 HVDC Transmission for Interconnecting Networks, Market, By Configuration, 2013-2020 ($Billion)
Table 54 HVDC Transmission for Interconnecting Networks, Market, By Power Rating, 2013-2020 ($Billion)
Table 55 HVDC Transmission for Interconnecting Networks, Market, By Geography, 2013-2020 ($Billion)
Table 56 HVDC Transmission for Oil & Gas offshore, Market, By Technology, 2013-2020 ($Billion)
Table 57 HVDC Transmission for Oil & Gas offshore, Market, By Configuration, 2013-2020 ($Billion)
Table 58 HVDC Transmission for Oil & Gas offshore, Market, By Power Rating, 2013-2020 ($Billion)
Table 59 HVDC Transmission for Oil & Gas offshore, Market, By Geography, 2013-2020 ($Billion)
Table 60 HVDC Transmission Market, By Power Rating, 2013-2020 ($Billion)
Table 61 Below 500 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 62 Below 500 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 63 501 MW - 1000 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 64 501 MW - 1000 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 65 1001 MW - 1500 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 66 1001 MW - 1500 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 67 1501 MW - 2000 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 68 1501 MW - 2000 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 69 Above 2000 MW:HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 70 Above 2000 MW:HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 71 HVDC Transmission Market, By Geography, 2013-2020 ($Billion)
Table 72 North America: HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 73 North America: HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 74 Europe: HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 75 Europe: HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 76 APAC: HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 77 APAC: HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
Table 78 ROW: HVDC Transmission Market, By Technology, 2013-2020 ($Billion)
Table 79 ROW: HVDC Transmission Market, By Configuration, 2013-2020 ($Billion)
 
 
List of Figures (38 Figures) 
 
This Research Report Categorizes the HVDC Transmission Market Into the Following Segments:
Figure 1 HVDC Transmission Market, By Component
Figure 2 Market Segmentation: By Technology
Figure 3 Market Segmentation : Configuration
Figure 4 Market Segmentation : By Component
Figure 5 Market Segmentation : By Application
Figure 6 Market Segmentation :By Power Rating
Figure 7 Growing Need for Integrated Networks Will Establish as A New Opportunity in the HVDC Market
Figure 8 Value Chain Analysis (2013): Major Value is Added During the Generation & Transmission Phase
Figure 9 Porter’s Five forces Analysis
Figure 10 Overall Porter’s Analysis of HVDC Transmission Market
Figure 11 Threat From New Entrants
Figure 12 Threat From Substitutes
Figure 13 Bargaining Power of Suppliers
Figure 14 Bargaining Power of Buyers
Figure 15 Intensity of Competitive Rivalry
Figure 16 Technology Integration and Product Enhancement of Key Players
Figure 17 Back to Back Configuration Circuit Diagram
Figure 18 Monopolar Link Configuration
Figure 19 Bipolar Link Configuration
Figure 20 Multi Terminal Link
Figure 21 Types of Power Ratings
Figure 22 Geographic Revenue Mix of top 5 Market Players - Reference
Figure 23 Competitive Benchmarking of Key Market Players (2011-2013): General Electric is Growing But Susceptible to Distribution
Figure 24 ABB Ltd: Business Overview
Figure 25 ABB Ltd.: SWOT Analysis
Figure 26 Alstom SA : Business Overview
Figure 27 SWOT Analysis
Figure 28 Siemens AG.: Company Snapshot
Figure 29 Siemens AG.: SWOT Analysis
Figure 30 Tansgrid Solutions: Business Overview
Figure 31 Schneider Electric SE : Business Overview
Figure 32 Schneider Electric SE  SWOT Analysis
Figure 33 General Electric Co. : Business Overview
Figure 34 General Electric Co. SWOT Analysis
Figure 35 Aecom : Business Overview
Figure 36 National Grid: Business Overview
Figure 37 Toshiba Corporation: Business Overview
Figure 38 Hitachi Ltd.: Business Overview

High Voltage Direct Current (HVDC) transmission is the optimal choice for moving power over long distances due to lower transmission line costs, decreased right of way, and lower power losses than for equivalent AC lines. The new innovative technology in converters has opened a new prospect in transmission, it encompasses in underground, offshore, voltage stabilization application. HVDC transmission technology enables efficient, bulk power transmission across long distances through direct current. It transmits 30 per cent more power than the conventional alternating current technology, strengthening existing networks while minimizing environmental impact. These applications accounted major surge in high voltage direct current transmission market.

The main application area for HVDC transmission is the interconnection between systems which cannot be interconnected by AC because of different operating frequencies or different frequency controls. This type of interconnection is mainly represented by back-to-back stations or long-distance transmissions when a large amount of power, produced by a hydropower plant, for instance, has to be transmitted by overhead line or by submarine cable.

Offshore wind farms is changing power industry landscape, wind power generation meets an increasing share of power demand across the globe. With increasing government regulations, rising need for integrated networks, and high onshore and offshore potential further boosted the power generation from the wind energy. Wind energy plays a crucial role in the production of power. It is estimated that the power generation from the wind energy will increase up to ten times in the span of 20 years.

The HVDC transmission market is expected to grow at a CAGR of 17.13% in the next five years (2014-2020). This report describes the market dynamics of HVDC transmission market, which comprises of drivers, restraints, opportunities, challenges, and burning issues. The major driving factors for HVDC transmission market are the increasing demand for reduction of transmission losses in power systems, growth in offshore wind transmission infrastructure, and rising government mandates in HVDC power transmission systems. In this report, different technologies are included are line commutated converters, capacitor commuted converters and voltage source converters. The configuration segment includes back to back, monopolar, bipolar, and multi-terminal. The HVDC transmission component segment comprises of Thyristor, surge arrester, converter transformer, smoothing reactors, DC transmission circuit, harmonic filters, control and protection. The power rating market is categorized into below 500 MW, 501 MW – 1000 MW, 1001 MW – 1500 MW, 1501 MW - 2000 MW, above 2000 MW. Geographically, the HVDC transmission market is covered by North America, Europe, APAC, and Rest of the World.

Some of the major companies dominating the HVDC transmission market are ABB (Switzerland), Siemens (Germany), Alstom (France), General Electric (U.S.), Schneider Electric (France) and others. ABB (Switzerland) and Siemens (Germany) are the key players of power generation and transmission market and it is found that these companies covers more than 80% of the overall market share in the global HVDC market.

The figure below shows the continuous growth of the HVDC transmission market in the coming five years from 2014 to 2018.

HVDC Transmission Market Revenue, 2013 - 2020 ($Billion)

 HVDC Grid Market

Source: MarketsandMarkets Analysis

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