HVDC Transmission (high-voltage, direct current) is a power transmission system in which DC (Direct Current) is used for bulk transmission of electrical power. HDVC transmission is very useful for long distance transmission as it is a cheaper way and have less electrical losses. The power flow in HVDC transmission can be controlled independently of the phase angle between source and load and can stabilize disturbance in the network.
MARKET DYNAMICS
The HVDC transmission market is anticipated to grow in the forecast period owing to driving factors such as increasing demand for VSC technology, supportive government initiatives for HVDC transmission, however, the higher cost of installation of HDVC transmission systems is the primary factor that might hinder the growth of HVDC transmission market. The increasing demand for integrated networks is creating demand for the companies operating in the HVDC transmission market.
MARKET SCOPE
The "Global HVDC transmission Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of HVDC transmission market with detailed market segmentation by component, project type, technology and geography. The global HVDC transmission market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading HVDC transmission market players and offers key trends and opportunities in the HVDC transmission market.
MARKET SEGMENTATION
The global HVDC transmission market is segmented on the basis of component, project type, and technology. Based component, the market is segmented as converter stations, transmission cables, others. On the basis of the project type the market is segmented as point-to-point, and back-to-back, multi-terminal. On the basis of technology the market is divided into capacitor commutated converter, voltage source converter, and line commutated converter.
