Dublin, Feb. 18, 2015 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/ll...ansmission ) has announced the addition of the "HVDC Transmission Market by Technology, Configuration, Power Rating, Application, Component & Geography - Forecast Analysis 2014-2020" report to their offering.
The HVDC transmission market is expected to grow at a CAGR of 17.13% in the next five years (2014-2020).
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.
This report describes the market dynamics of market, which comprises of drivers, restraints, opportunities, challenges, and burning issues. The major driving factors for 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.
Key Topics Covered:
1 Introduction2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market By Technology
8 Market By Configuration
9 Market By Components
10 Market By Application
11 Market By Power Rating
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
- ABB Ltd.
- Aecom
- Alstom SA
- General Electric Co.
- Hitachi Ltd.
- National Grid
- Schneider Electric
- Siemens AG.
- Toshiba Corporation
- Transgrid Solutions
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