HOME Top Market Reports HVDC Transmission Market - By Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above 2000 MW), Application, Component & Geography (2013 - 2018)

HVDC Transmission Market - By Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above 2000 MW), Application, Component & Geography (2013 - 2018)

By: marketsandmarkets.com
Publishing Date: August 2013
Report Code: SE 2096

 

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The ever increasing demand of electricity has laid enormous pressures on the present infrastructure of the power generation capacity. Beside power generation, transmission loss is, also, of the main worries as huge losses are being incurred by the present AC transmission. Hence, HVDC transmission becomes an interesting preposition across the globe due to its lower transmission losses, asynchronous interconnection, and the capability to deliver bulk power for long distance transmission.

HVDC transmission is widely adopted, as being advantageous for asynchronous interconnections, long submarine cable crossings, and has the capability to deliver bulk power over a long distance. Further advancement in converter technologies such as power semiconductors has added new dimension in HVDC transmission, which encapsulates underground, offshore, and voltage-stabilization applications. These applications have pushed the demand for the HVDC transmission, furthermore.

The increasing need to have an interconnecting grid in such a manner so that the power can be harnessed through each of the connected grids is facilitating the HVDC grid to become more sophisticated, integrated, flexible, and stable; so as to supply uninterrupted power supply. An HVDC tie becomes essential for asynchronous transmission stability in interconnection systems. These interconnections supply power to remote areas, wherein the prevailing AC power systems are weak.

The reliable transmission system and increasing growth of interconnection among neighboring networks are also boosting the adoption of HVDC, currently. The connecting offshore wind farms are also a key factor that is  propelling the adoption of HVDC, off late. The high power transmission from offshore plant to the load centers needs an efficient, reliable system. HVDC has the ability to carry high voltage power over long distances with low transmission loss. It is believed that wind application will be a dominant factor that will impact the HVDC market the most.

The report showcases a detailed breakdown of the HVDC transmission market by technology, configuration, application, power rating, and geography. In the report, different technologies are discussed; like line commutated converters and voltage source converters. The configuration includes back to back, monopolar, bipolar, and multi-terminals. The HVDC’s component comprises thyristor, IGBT (Insulated Gate Bipolar Transistor), surge arrester, converter transformer, smoothing reactors, DC circuit, harmonic filters, and control and protection. The power rating market is categorized into below— 500 MW, 501 MW – 999 MW, 1000 MW – 2000 MW, and above— 2000 MW.

Some of the major companies dominating the global HVDC market are ABB (Switzerland) Siemens (Germany), Alstom (France), Toshiba (Japan), and others. ABB (Switzerland) and Siemens (Germany) are the key players of power generation, in the transmission market; and it is found that these companies cover more than 80% of the overall market share of the global HVDC market.

Table of Contents 
 
1 Introduction  (Page No. - 20)
  1.1 Key Take-Aways
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Research Methodology
      1.5.1 Market Size
      1.5.2 Market Crackdown
      1.5.3 Key Data Points Taken From Secondary Sources
      1.5.4 Key Data Points Taken From Primary Sources
      1.5.5 List Of Companies Covered During Study
      1.5.6 Assumptions

2 Executive Summary  (Page No. - 32)

3 Market Overview  (Page No. - 36)
  3.2 Introduction
      3.2.1 Market Definition
      3.2.2 Market Segmentation
      3.2.3 History And Evolution Of High Voltage Direct Current
      3.2.4 Advantages And Disadvantages Of HVDC Transmission
      3.2.5 Market Dynamics
            3.2.5.1 Driver
                    3.2.5.1.1 Increasing Number Of Offshore Wind Farm
                    3.2.5.1.2 Increase In Government Incentivization To Establish HVDC Transmission
                    3.2.5.1.3 High Demand For Connecting Asynchronous Grids
                    3.2.5.1.4 Increasing Stability And Low Transmission Losses
            3.2.5.2 Restraints
                    3.2.5.2.1 High Cost Of HVDC Components
                    3.2.5.2.2 High Investment In Establishing HVDC Transmission
                    3.2.5.2.3 Lack Of Standardization
            3.2.5.3 Opportunities
                    3.2.5.3.1 Challenge Towards De-Carbonization Of Power System
                    3.2.5.3.2 Ageing Power Infrastructure
      3.2.6 Burning Issues
            3.2.6.1 Hybrid Circuit Breaker To Integrate Renewable Energy Into Electric Energy
            3.2.6.2 High-Tech Power Grid Will Increase Power Trading Among The Neighboring Nations
      3.2.7 Winning Imperatives
            3.2.7.1 Increasing Interoperability Among The Neighboring Network
      3.2.8 Cost Analysis
      3.2.9 Porter’s Five Forces Model
            3.2.9.1 Degree Of Competition
            3.2.9.2 Bargaining Power Of Buyers
            3.2.9.3 Bargaining Power Of Suppliers
            3.2.9.4 Threat From Substitutes
            3.2.9.5 Threat From New Entrants
     3.2.10 Value Chain Analysis

4 Technology Market  (Page No. - 64)
  4.1 Introduction
      4.1.1 Line Commutated Converter
            4.1.1.1 Advantages Of Line Commutated Converters
            4.1.1.2 Lcc Reference Projects
            4.1.1.3 Major Companies
      4.1.2 Capacitor Commutated Converter
            4.1.2.1 Advantages Of Capacitor Commutated Converter
            4.1.2.2 CCC Reference Projects
            4.1.2.3 Major Companies
      4.1.3 Voltage Source Converter
            4.1.3.1 Advantages Of Vsc Based Converter
            4.1.3.2 Vsc Based Reference Projects
            4.1.3.3 Major Companies
      4.1.4 Comparative Analysis Of Technologies

5 Configuration Market  (Page No. - 84)
  5.1 Introduction
      5.1.1 Back To Back
            5.1.1.1 Project Based On Back To Back Configuration
            5.1.1.2 Advantages Of Back To Back Configuration
      5.1.2 Monopolar Configuration
            5.1.2.1 Project Based On Monopolar Configuration
            5.1.2.2 Advantages Of Monopolar Configuration
            5.1.2.3 Monopolar Ground Return
            5.1.2.4 Monopolar Metallic Return
      5.1.3 Bipolar
            5.1.3.1 Bipolar With Ground Return Path
            5.1.3.2 Bipole With Dedicated Metallic Return Path
            5.1.3.3 Bipole Without Dedicated Return Path
            5.1.3.4 Advantages Of Bipolar Configuration
            5.1.3.5 Project Based On Bipolar Configuration
      5.1.4 Multi-Terminal
            5.1.4.1 Advantages Of Bipolar Configuration
            5.1.4.2 Project Based On Multi-Terminal Configuration

6 Component Market  (Page No. - 111)
  6.1 Introduction
      6.1.1 Thyristor Valves
            6.1.1.1 Light Triggered Thyristor
            6.1.1.2 Major Playersin Thyristors
      6.1.2 Converter Transformer
            6.1.2.1 Function Of Converter Transformer
            6.1.2.2 Major Players In Converter Transformer
      6.1.3 Smoothing Reactor
            6.1.3.1 Function Of Smoothing Reactors
            6.1.3.2 Major Players In Smoothing Reactors
      6.1.4 Surge Arrester
      6.1.5 Harmonic Filters
            6.1.5.1 Operation of Harmonic Filters
            6.1.5.2 AC Harmonic Filter
            6.1.5.3 DC Harmonic Filters
            6.1.5.4 Active Harmonic Filters
      6.1.6 DC Transmission Circuit
            6.1.6.1 DC Cable
                    6.1.6.1.1 Extruded Cables
                    6.1.6.1.2 Mass Impregnated Insulated Subsea Cables
                    6.1.6.1.3 Overhead Cables
            6.1.6.2 Major Players in Cables
            6.1.6.3 DC Switch
            6.1.6.4 Earth Electrode
      6.1.7 DC Breaker
            6.1.7.1 Significance of DC Breaker in Power Transmission
            6.1.7.2 Major Companies in HVDC Breaker
      6.1.8 Control & Protection
            6.1.8.1 Function Of Control & Protection
            6.1.8.2 Major Players In Control Protection

7 Applications Market  (Page No. - 129)
  7.1 Introduction
      7.1.1 Underground Power Links
      7.1.2 Powering Island And Remote Loads
      7.1.3 Connecting Wind Farms
      7.1.4 Interconnecting Networks
      7.1.5 Oil & Gas Offshore
   
8 Powere Rating Market  (Page No. - 152)
  8.1 Introduction
      8.1.1 Below 500 Mw
            8.1.1.1 Reference Projects Under 500 Mw
      8.1.2 501 Mw – 999 Mw
            8.1.2.1 Reference Projects Under 501 Mw – 999 Mw
      8.1.3 1000 Mw- 2000 Mw
            8.1.3.1 Reference Projects 1000 Mw – 2000 Mw
      8.1.4 Above 2000 Mw
            8.1.4.1 Reference Projects Above 2000 Mw

9 By Geography  (Page No. - 167)
  9.1 Introduction
      9.1.1 Americas
            9.1.1.1 Americas Significant Growth Seen Due To Power Infrastructure Development
      9.1.2 Europe
            9.1.2.1 Germany Needs to Expand and Upgrade their Power System to Cope with Renewable Supply Share
      9.1.3 APAC
            9.1.3.1 Increasing Power Demand in Emerging Economies
      9.1.4 ROW

10 Competitive Landscape  (Page No. - 184)
   10.1 Introduction
        10.1.1 Key Growth Strategies
        10.1.2 Market Share Analysis
        10.1.3 Mergers And Acquisitions
        10.1.4 New Product Developments
        10.1.5 Partnerships And Agreements
        10.1.6 Contracts
        10.1.7 Others (Awards, Geography Expansion, Milestone)
 
11 Company Profiles (Overview, Products And Services, Financials, Strategy & Development)* (Page No. - 207)
   11.1 ABB
   11.2 Adani Power Limited
   11.3 Aecom Technology
   11.4 aeg Power Solutions
   11.5 Alstom SA
   11.6 Crompton Greaves
   11.7 DNV kema
   11.8 Energinet
   11.9 Epcos ag
   11.10 General Electric
   11.11 Hitachi
   11.12 Kalpataru Power Transmission
   11.13 National Grid
   11.14 Nexans S.A.
   11.15 Nextek Power Systems
   11.16 Prysmian Group
   11.17 Schneider Electric SA
   11.18 Siemens Energy
   11.19 Toshiba Corp.
   11.20 Transgrid Solutions

*Details On Overview, Products And Services, Financials, Strategy & Development Might Not Be Captured In Case Of Unlisted Companies. 
 
 
List Of Tables (117 Tables)
 
Table 1 Global HVDC Market Revenue, By Configuration, 2012 – 2018 ($Million) 
Table 2 Global HVDC Market Revenue, By Power Rating, 2012 – 2018 ($Million) 
Table 3 Global HVDC Market, By Technology, 2012 - 2018 ($Million) 
Table 4 Global HVDC Lcc Market, By Configuration, 2012 - 2018 ($Million) 
Table 5 Global HVDC Lcc Market, By Power Rating, 2012 - 2018 ($Million) 
Table 6 Global HVDC Lcc Market, By Application, 2012 - 2018 ($Million)
Table 7 Global HVDC Lcc Market, By Geography, 2012 - 2018 ($Million)
Table 8 Global HVDC Vsc Market, By Configuration, 2012 - 2018 ($Million) 
Table 9 Global HVDC Vsc Market, By Power Rating, 2012 - 2018 ($Million) 
Table 10 Global HVDC Vsc Market, By Application, 2012 - 2018 ($Million)
Table 11 Global HVDC Vsc Market, By Geography, 2012 - 2018 ($Million)
Table 12 Comparative Analysis Of Lcc & Vsc HVDC Converter Technologies
Table 13 Back To Back Configuration Market Revenue, By Technology, 2012 - 2018 ($Million)
Table 14 Back To Back Configuration Market Revenue, By Application, 2012 - 2018 ($Million)
Table 15 Back To Back Configuration Market Revenue, By Power Rating, 2012 - 2018 ($Million)
Table 16 Back To Back Configuration Market Revenue, By Geography, 2012 - 2018 ($Million)
Table 17 Monopolar Commissioned Project In Various Region
Table 18 Global HVDC Transmission Monopolar Configuration Market Revenue, By Technology, 2012 - 2018 ($Million)
Table 19 Monopolar Configuration Market Revenue, By Application, 2012 - 2018 ($Million)
Table 20 Monopolar Configuration Market Revenue, By Power Rating, 2012 - 2018 ($Million)
Table 21 Monopolar Configuration Market Revenue, By Geography, 2012 - 2018 ($Million)
Table 22 Monopolar Commissioned Project In Various Region
Table 23 Global HVDC Transmission Bipolar Configuration Market Revenue, By Technology 2012 - 2018 ($Million) 
Table 24 Bipolar Configuration Market Revenue, By Application, 2012 - 2018 ($Million) 
Table 25 Bipolar Configuration Market Revenue, By Power Rating, 2012 - 2018 ($Million) 
Table 26 Bipolar Configuration Market Revenue, Geography, 2012 - 2018 ($Million)
Table 27 Monopolar Commissioned Project In Various Region
Table 28 Global HVDC Transmission Multi-Terminal Configuration Market Revenue, By Technology, 2012 - 2018 ($Million)
Table 29 Global HVDC Transmission Multi-Terminal Configuration Market Revenue, By Application, 2012 - 2018 ($Million)
Table 30 Global HVDC Transmission Multi-Terminal Configuration Market Revenue, By Power Rating, 2012 - 2018 ($Million)
Table 31 Global HVDC Transmission Multi-Terminal Configuration Market Revenue, By Geography, 2012 - 2018 ($Million)
Table 32 Multi-Terminal Commissioned Project In Various Region
Table 33 Global HVDC Transmission Component Market Revenue, 2012 – 2018 ($Million) 
Table 34 Below 500 Mw: Global HVDC Transmission Component Market Revenue, 2012 - 2018 ($Million)
Table 35 501 Mw - 999 Mw: Global HVDC Transmission Market Revenue, 2012 - 2018 ($Million) 
Table 36 1000 Mw - 2000 Mw: Global HVDC Transmission Market Revenue, 2012 - 2018 ($Million) 
Table 37 Above 2000 Mw: Global HVDC Transmission Market Revenue, 2012 - 2018 ($Million) 
Table 38 Function Of Converter Transformer
Table 39 Functions Of Smoothing Reactor
Table 40 Function Of Controls & Protection
Table 41 Global HVDC Transmission Market Revenue, By Application, 2012 - 2018 (Million) 
Table 42 Global HVDC Transmission Market Revenue, For Underground Power Link, By Configuration, 2012 - 2018 ($Million)
Table 43 Market Revenue, For Underground Power Link, By Technology, 2012 – 2018 ($Million)
Table 44 Market Revenue, For Underground Power Link, By Power Rating, 2012 - 2018 ($Million)
Table 45 Market Revenue, For Underground Power Link, By Geography, 2012 - 2018 ($Million)
Table 46 Global HVDC Transmission Market Revenue, For Powering Island & Remote Loads, By Configuration, 2012 - 2018 ($Million)
Table 47 Market Revenue, For Powering Island & Remote Loads, By Technology, 2012 - 2018 ($Million)
Table 48 Market Revenue, For Powering Island & Remote Loads, By Power Rating, 2012 - 2018 ($Million)
Table 49 Market Revenue, For Powering Island & Remote Loads, By Geography, 2012 - 2018 ($Million)
Table 50 Global HVDC Transmission Market Revenue, For Connecting Wind Farms, By Configuration, 2012 - 2018 ($Million)
Table 51 Global HVDC Transmission Market Revenue, For Connecting Wind Farms, By Technology, 2012 – 2018 ($Million) Table 52 Global HVDC Transmission Market Revenue, For Connecting Wind Farms, By Power Rating, 2012 - 2018 ($Million)
Table 53 Global HVDC Transmission Market Revenue, For Connecting Wind Farms, By Geography, 2012 - 2018 ($Million)
Table 54 Global HVDC Transmission Market Revenue, For Interconnecting Networks, By Configuration, 2012 - 2018 ($Million)
Table 55 Global HVDC Transmission Market Revenue, For Interconnecting Networks, By Technology, 2012 - 2018 ($Million)
Table 56 Global HVDC Transmission Market Revenue, For Interconnecting Networks, By Power Rating, 2012 - 2018 ($Million)
Table 57 Global HVDC Transmission Market Revenue, For Interconnecting Networks, By Geography, 2012 - 2018 ($Million)
Table 58 Global HVDC Transmission Market Revenue, For Oil & Gas Offshore, By Configuration, 2012 - 2018 ($Million) 
Table 59 Global Market Revenue, For Oil & Gas Offshore, By Technology, 2012 - 2018 ($Million) 
Table 60 Global Market Revenue, For Oil & Gas Offshore, By Power Rating, 2012 - 2018 ($Million) 
Table 61 Global Revenue, For Oil & Gas Offshore, By Geography, 2012 - 2018 ($Million) 
Table 62 Below 500 Mw: Global HVDC Market Revenue, By Configuration, 2012 - 2018 ($Million) 
Table 63 Below 500 Mw: Global HVDC Market Revenue, By Technology, 2012 - 2018 ($Million)
Table 64 Below 500 Mw: HVDC Project
Table 65 501 Mw - 999 Mw: Global HVDC Market Revenue, By Configuration, 2012 - 2018 ($Million) 
Table 66 501 Mw - 999 Mw: Global HVDC Market Revenue, By Technology, 2012 - 2018 ($Million) 
Table 67 501 Mw –999 Mw : HVDC Project
Table 68 1000 Mw - 2000 Mw: Global HVDC Market Revenue, By Configuration, 2012 - 2018 ($Million) 
Table 69 1000 Mw - 2000 Mw: Global HVDC Market Revenue, By Technology, 2012 - 2018 ($Million) 
Table 70 1000 Mw –2000 Mw : HVDC Project
Table 71 Above 2000 Mw: Global HVDC Market Revenue, By Configuration, 2012 - 2018 ($Million) 
Table 72 Above 2000 Mw: Global HVDC Market Revenue, By Technology 2012 - 2018 ($Million) 
Table 73 Above 2000 Mw : HVDC Project
Table 74 Global HVDC Transmission Market Revenue, By Geography, 2012 - 2018 (Million) 
Table 75 Americas: HVDC Transmission Market Revenue, By Configuration, 2012 - 2018 (Million) 
Table 76 Americas: Market Revenue, By Technology, 2012 – 2018 (Million) 
Table 77 Americas: Market Revenue, By Application, 2012 - 2018 (Million) 
Table 78 Europe:  HVDC Transmission Market Revenue, By Configuration, 2012 - 2018 (Million) 
Table 79 Europe: Market Revenue, By Technology, 2012 - 2018 (Million) 
Table 80 Europe: Market Revenue, By Application, 2012 - 2018 (Million) 
Table 81 APAC: HVDC Transmission Market Revenue, By Configuration, 2012 - 2018 (Million) 
Table 82 APAC: Market Revenue, By Technology, 2012 - 2018 (Million) 
Table 83 APAC: Market Revenue, By Application, 2012 - 2018 (Million) 
Table 84 ROW: HVDC Transmission Market Revenue, By Configuration, 2012 - 2018 (Million) 
Table 85 ROW: Market Revenue, By Technology, 2012 - 2018 (Million) 
Table 86 ROW: Market Revenue, Application, 2012 - 2018 (Million) 
Table 87 Mergers And Acquisitions
Table 88 New Product Developments
Table 89 Partnerships And Agreements
Table 90 Contracts
Table 91 Others (Awards, Geography Expansion, Milestone)
Table 92 ABB: Overall Revenue, 2010 – 2012 ($Billion)
Table 93 ABB: Market Revenue, By Product Segments, 2010 - 2012 ($Billion) 
Table 94 Adani Power: Overall Market Revenue, 2011 – 2012 ($Million)
Table 95 Aecom Technology: Overall Revenue, 2011 – 2012 ($Million)
Table 96 Aecom Technology: Overall Revenue, By Geography, 2011 - 2012 ($Million) 
Table 97 AEG Power Solutions: Overall Revenue, 2011 - 2012 ($Million)
Table 98 Alstom: Overall Revenue, 2010 – 2012 ($Billion)
Table 99 Alstom: Overall Revenue, By Geography, 2010 – 2012 ($Million) 
Table 100 Crompton Greaves: Overall Revenue, 2011 – 2012 ($Million)
Table 101 Crompton Greaves: Geographical Financial Statistics, 2011 – 2012 ($Million) 
Table 102 DNV Kema: Overall Revenue, 2011 - 2012 ($Million)
Table 103 DNV Kema: Overall Revenue, By Geography, 2011 - 2012 ($Million) 
Table 104 Energinet: Overall Revenue, 2011 – 2012 ($Million)
Table 105 TDK Corporation: Overall Revenue, 2011 – 2012 ($Million)
Table 106 GE: Overall Revenue, 2011 - 2012 ($Billion)
Table 107 GE, Market Revenue, By Operating Segments, 2011 – 2012 ($Billion) 256
Table 108 GE: Market Revenue, By Geography, 2011 - 2012 ($Billion)
Table 109 Hitachi: Overall Revenue, 2011 - 2012 ($Billion)
Table 110 Kalpatru Power Transmission: Overall Revenue, 2011 - 2012 ($Billion) 
Table 111 National Grid: Overall Revenue, 2011 - 2012 ($Billion)
Table 112 National Grid: Overall Revenue, By Geography, 2011 - 2012 ($Million) 
Table 113 Nexans: Overall Revenue, 2011 – 2012 ($Million)
Table 114 Prysmian Group: Overall Revenue, 2011 - 2012 ($Million)
Table 115 Schneider Electric: Overall Revenue, 2011 – 2012 ($Billion)
Table 116 Siemens: Overall Revenue, 2011 - 2012 ($Billion)
Table 117 Toshiba: Overall Revenue, 2011 - 2012 ($Billion)

List of Figures  (55 Figures)
 
Figure 1 Overview Of HVDC Transmission Market
Figure 2 Research Methodology
Figure 3 Global HVDC Transmission Market Research Strategy
Figure 4 Global HVDC Transmission Market Crack Down Strategy
Figure 5 Global HVDC Transmission Market Revenue, 2012 – 2018 ($Billion)
Figure 6 World Energy Consumption In Quadrillion British Thermal Unit, (2012 – 2018) 
Figure 7 Global Net Electricity Generation, By Energy Sources, 2010 - 2040 (In %) 
Figure 8 Market Segmentation
Figure 9 Chronological Development In HVDC
Figure 10 Impact Analysis Of The Drivers
Figure 11 Annual Installation Projection In Wind Farms Capacity (Gw)
Figure 12 Impact Analysis Of Restraints
Figure 13 Cost Break-Up Of HVDC Transmission
Figure 14 Cost Break-Up By Various Power Rating
Figure 15 Overall Porter’s Five Forces Analysis
Figure 16 Degree Of Competition In The HVDC Market
Figure 17 Bargaining Power Of The Buyers In The HVDC Market
Figure 18 Bargaining Power Of The Suppliers In The HVDC Market
Figure 19 Threat From Substitutes In The HVDC Market
Figure 20 Threat Of New Entrants In The HVDC Market
Figure 21 HVDC Transmission Market – By Technology
Figure 22 LCC Converter In HVDC Transmission System
Figure 23 HVDC Capacitor Commutated Converter
Figure 24 Vsc Based HVDC System
Figure 25 HVDC Transmission Configuration
Figure 26 Global HVDC Transmission Market Revenue, By Configuration, 2012 – 2018 ($Billion) 
Figure 27 Circuit Diagram Of Back To Back Configuration
Figure 28 Circuit Diagram Of Monopolar Configuration
Figure 29 Circuit Diagram Of Monopolar Ground Return
Figure 30 Circuit Diagram Of Monopolar Metallic Return
Figure 31 Circuit Diagram Of Bipolar Configuration
Figure 32 Circuit Diagram Of Multi Terminal
Figure 33 Major Components Of HVDC Transmission
Figure 34 HVDC Transmission Market By Application
Figure 35 Global HVDC Market By Power Rating
Figure 36 Global HVDC Market Revenue, By Power Rating, 2012 - 2018 ($Billion) 
Figure 37 HVDC Transmission Market, By Geography
Figure 38 Key Growth Strategies
Figure 39 Market Share Analysis Of HVDC Transmission, 2012
Figure 40 ABB: Swot Analysis
Figure 41 Major Business Segments
Figure 42 Alstom SA : Swot Analysis
Figure 43 Crompton Greaves: Revenue By Business Segments, 2012 (%)
Figure 44 DNV Kema: Overall Revenue, By Business Segments, 2011 - 2012 ($Million) 
Figure 45 Major Operating Segments
Figure 46 GE: Swot Analysis
Figure 47 Hitachi: Overall Revenue, By Business Segment, 2012 (%)
Figure 48 National Grid: Overall Revenue, By Business Segments, 2011 - 2012 (%) 
Figure 49 Nexans: Overall Revenue, By Business Segments, 2012 ($Million) 
Figure 50 Nexas: Overall Revenue, By Geography, 2012 (%)
Figure 51 Technology Portfolio
Figure 52 Schneider Electric: Swot Analysis
Figure 53 Siemens: Revenue By Business Segments, 2012
Figure 54 Siemens Energy: Swot Analysis
Figure 55 Major Service Segments

HVDC transmission is widely adopted across the globe as being the most advantageous for asynchronous interconnections, long submarine cable crossings and has the capability to deliver bulk power for long distance. The new innovative technology in converters has opened a new prospect in transmission, it encompasses in underground, offshore, voltage stabilization application. These applications accounted major surge in high voltage direct current transmission market. The demand has arisen for more integrated, flexible, and stable system to harness the power from the interconnection network among neighbor systems. An HVDC tie has become an essential for asynchronous transmission stability in interconnection systems. These interconnections feed in remote area where the AC power systems are weak.

Offshore wind farms is changing power industry landscape, wind power generation meets an increasing share of power demand across the globe. With rising regulation, low Carbon dioxide emission 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 market is expected to grow at a CAGR of 16.97% in the next five years (2013-2018). This report describes the market dynamics of HVDC transmission market, which comprises of drivers, restraints along with their impact analysis matrix. Impact analysis matrix depicts the impact of particular driver and restraint on the market at present and future impact on the market. The major driving factors for this market are the growth in offshore wind farms installation and increasing the government incentivization. In the report, different technologies are discussed like line commutated converters and voltage source converters. The configuration includes back to back, monopolar, bipolar and multi-terminal. The HVDC’s component comprises thyristor, IGBT (insulated gate bipolar transistor), surge arrester, converter transformer, smoothing reactors, DC circuit, harmonic filters, control and protection. The power rating market is categorized into below 500 MW, 501 MW – 999 MW, 1000 MW – 2000 MW, above 2000 MW.

Some of the major companies dominating the global HVDC market are ABB (Switzerland) Siemens (Germany), Alstom (France), Toshiba (Japan), 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 2013 to 2018.

HVDC Transmission Market Revenue, 2012 – 2018 ($Billion)

 HVDC Grid Market

Source: MarketsandMarkets Analysis

 

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