HVDC Converter Station Market Size, Status, Global outlook 2019 To 2025

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The HVDC Converter Station Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2019-2025. The HVDC Converter Station Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). Report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries. This HVDC Converter Station Market study provides comprehensive data which enhances the understanding, scope and application of this report.

Top Companies in the Global HVDC Converter Station Market
ABB, Siemens, GE & Alstom Energy, BHEL, Areva, Hitachi, Toshiba, Mitsubishi.

An HVDC converter station (or simply converter station) is a specialised type of substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line. It converts direct current to alternating current or the reverse.
The HVDC Converter Station market worldwide is projected to grow by US$5.5 Billion, driven by a compounded growth of 7.5%. LCC, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$9.2 Billion by the year 2025, LCC will bring in healthy gains adding significant momentum to global growth.

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Growing Renewable Energy Sector
The renewable power plants are generally located in rural areas and require long-distance transmission lines, to provide the generated electricity to the consumers. Large renewable power plants, such as solar farms and wind farms, consist of several power generation units and thereby require interconnection of these power units. The HVDC transmission lines incur lower transmission losses for long-distance power transmission and are better suited for the interconnection of different power units, than HVAC transmission lines. The increasing number of renewable energy generation plants, such as solar farms and offshore wind farms, is expected to positively impact the growth of the HVDC converter system market.

Key Market Trend
Representing the developed world, the United States will maintain a 6.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$190 Million to the region’s size and clout in the next 5 to 6 years. Over US$164.9 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, LCC will reach a market size of US$485.8 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 11.1% over the next couple of years and add approximately US$1.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

The HVDC Converter Station market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.

This report segments the global HVDC Converter Station Market on the basis of Types are
0-500MW, 501MW-999MW, 1000MW-2000MW, 2000+ MW

On The basis Of Application, the Global HVDC Converter Station Market is Segmented into
Underground Power links, Powering Island and Remote Loads, Connecting Wind Farms, Interconnecting Networks, Oil & Gas Platforms

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Regions Are covered By HVDC Converter Station Market Report 2019 To 2025.
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia).

Key Developments in the Market
May 2017: Siemens and Sumitomo Electric Industries Ltd were awarded an HVDC order from the Indian transmission operator Power Grid Corporation of India (POWERGRID), for the supply of a high-voltage direct current (HVDC) transmission system.

Significant Features that are under Offering and Key Highlights of the Reports

-Detailed overview of HVDC Converter Station Market
-Changing HVDC Converter Station market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected HVDC Converter Station market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of HVDC Converter Station Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

The report has 150 tables and figures browse the report description and TOC
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