HVDC Transmission Systems Market to Reach US$17.2 Billion by 2028 Due to Low Investment Requirement and Low Potential Losses – Future Market Insights, Inc.

The Canadian High Voltage Direct Current (HVDC) Transmission System Market is expected to grow 1.7 times by 2028.

DUBAI, United Arab Emirates, Nov. 15, 2022 (GLOBE NEWSWIRE) — The global HVDC transmission systems market is expected to create an absolute dollar opportunity by augmenting market growth at an impressive CAGR of 8.9% over the period of projection from 2022 to 2028. The global market is expected to grow from a valuation of US$10.3 billion in 2022 to US$17.2 billion by 2028. The demand for HVDC transmission system accounted for nearly 15% market share of the global power transmission market.

The demand for HVDC transmission systems accelerated with a robust CAGR of 7.3% during the historic period from 2013 to 2021. The growth of the global HVDC transmission systems market is attributed to some of the major factors such as the requirement of low investments as well as low potential losses and the possibility of transferring energy between separate alternating current networks.

Future Market Insights forecasts a comparison of the HVDC Transmission Systems market and its growth in H1 2021 vs. H1 2022. projects imply a reduction, according to IMF analysis. Moreover, compared to H1-2021, the market is expected to decline by 90 points in H1-2022.

Request a sample report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3267

By the nature of their architecture, HVDC transmission systems have high installation and maintenance costs. Modern applications require AC power, so it is crucial to install converter stations at endpoints to convert DC power to AC power, which increases costs. Therefore, it limits the growth of the market in the first half of 2022 compared to the first half of 2021.

The story continues

HVDC (High Voltage Direct Current) transmission systems are used for power transmission over long distance. These systems should use direct current for efficient power transmission. HVDC transmission uses two technologies, namely Line Commutated Converter (LCC) and Voltage Source Converter (VSC).

The line-commutated converter is known as an economical technique based on thyristor power semiconductors. Growing demand for HVDC transmission system components such as AC and DC harmonic filters, converters, DC lines and circuit breakers to enable system safety is the current trend in the HVDC transmission system market.

Key points to remember

• The concept of long-distance P2P high-voltage direct current transmission does not necessarily require high overall investments. HVDC transmission systems also consist of low losses compared to equivalent AC transmission variants.

• Although the installation of DC to high voltage conversion equipment in terminal stations is economically higher, the expense incurred by the total DC transmission line over long distances is considerably lower than that of the transmission line. AC transmission installed over the same distance.

• HVDC transmission systems are expected to require relatively fewer conductors per unit distance compared to an AC transmission system. This important factor is estimated to propel the adoption of HVDC transmission systems during the forecast period.

• The global market for HVDC transmission systems was valued at US$5.4 billion in 2013. Suppliers of High Voltage Direct Current (HVDC) transmission systems focus on maintaining a long-term partnership with the consumer to to increase their market share in the global market.

• High voltage direct current transmission systems include the potential for transferring electrical power between separate alternating current networks. This specific power transfer can be autonomously controlled by HVDC transmission systems to support individual networks throughout transient conditions. Additionally, integrating at least one HVDC link into an AC network can improve overall system controllability.

Get more information on this report @ https://www.futuremarketinsights.com/reports/apac-hvdc-transmissions-system-market

Competitive landscape

HVDC transmission system solution providers are focused on initiating innovative solutions and expanding their HVDC transmission system solution offerings to provide enhanced technology as well as new and technologically advanced solutions in new markets. The business alliance strategy assists the company in product development, technology management and customer expansion.

• ABB Ltd.

• Siemens AG

• Toshiba Company

• General Electricity Company.

• Mitsubishi Electric Corporation

• Prysmian Spa

• TransGrid Solutions Inc.

• Abengoa S.A.

• ATCO LTD.

• LS Industrial Systems Co., Ltd.

More information on the HVDC Transmission System Market

North America is expected to remain the dominant region and one of the most attractive markets throughout the forecast period. In the North American region, Canada is expected to grow at a phenomenal rate of around 9.0% CAGR during the forecast period. Canada HVDC Transmission System Market is expected to reach 1.7X by 2028.

Report for customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-3267

HVDC Transmission System Market Study by Category

By system component:

By technology:

Per deployment:

• Air

• clandestinely

• Submarine

• Combination

By nominal power:

• Below 1000MW

• 1000 – 2000MW

• 2000MW and above

Region:

• North America

• Latin America

• CALL

• Japan

• Eastern Europe

• Western Europe

• THING

Methodology request @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-3267

Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Key Market Trends

3.1. Key trends impacting the market

3.2. Product Innovation / Development Trends

4. HVDC Transmission Systems- Price Analysis

4.1. Price analysis, by component type

4.2. Comparative analysis of average prices

5. HVDC Transmission System Market Demand Analysis 2013-2021 and Forecast, 2022-2028

5.1. Historical Market Size Analysis (USD Million), 2013-2021

5.2. Current and Future Market Size Projections (USD Million), 2022-2028

The table of contents continues..!

Major Reports Related to Technology Market Insights

Market Size of Home/Indoor Entertainment Centers – Future Market Insights forecasts that the global market revenue for Family/Indoor Entertainment Centers will grow from around US$17 billion in 2017 to around US$61 billion by the end of the year. end of 2027, representing a CAGR of 13.3% from 2017 to 2027.

Cloud Business Email Market Share – The global business cloud email market is expected to acquire a market value of nearly USD 2.15 billion, proliferating at a CAGR of 10.4% during the forecast period from 2017 to 2027.

Video Intercom Devices Market Trends – The global video intercom devices market was valued at US$15,711.6 million at the end of 2017 and is expected to flourish at a CAGR of 13.1% through 2027 The market was valued at $14,114.4 million at the end of 2016.

Smart TV Market Demand – The global smart TV market is estimated to be valued at US$288.71 million in 2022. With the growing internet penetration coupled with growing consumer demand for compatible online platforms With the web, global Smart TV demand is expected to grow at a CAGR of 20.8% between 2022 and 2032.

Salesforce Services Market Growth – The global Salesforce services market is expected to exceed US$13 billion in 2022 and is expected to grow at a prodigious CAGR of 14.4% to reach a valuation of US$33.5 billion by 2029.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR certified business consulting and market research firm, member of the Greater New York Chamber of Commerce and headquartered in Delaware, USA. Recipient of the 2022 Clutch Leaders Award for high customer score (4.9/5), we have partnered with global companies on their business transformation journey and helped them realize their business ambitions. 80% of the Forbes 1000 largest companies are our clients. We serve global clients across all leading and niche market segments in all major industries.

Contact us:

Future Market Insights, Inc.
1602-6 Jumeirah Bay Tower X2,
Parcel number: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For sales inquiries: sales@futuremarketinsights.com