HVDC Transmission Market Analysis & 2018 Forecasts

DALLAS - Aug. 27, 2013 - PRLog -- The depleting conventional power generation has drawn attention towards exploring the new prospects of power generation sources. Across the globe power consumption, demand tends to increase in near future. The major economies such as China and India, are continuously striving to develop scope to generate power from new sources such as wind farms, solar panel and tidal to satiate the power consumption demand of the cities.

The increasing demand of electricity has laid enormous pressures on the existing infrastructure of the power generation capacity. Beside power generation, transmission loss is also one of the major concerns as heavy transmission losses are being incurred by the AC system. 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.

Request a sample copy of this report @ http://www.reportsnreports.com/contacts/requestsample.aspx?name=267615

High voltage direct current grid is a main step towards power generation from the renewable sources. The growing need for integrated network, transmit bulk power generated from the remotely located renewable sources and interconnection with the neighboring grids are the key driver of the HVDC transmission market. The Global transmission grid market is expected to grow at a CAGR of 16.97% in the next five years (2013-2018).

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.

Need for reliable transmission and increasing growth of interconnection among neighboring network are also boosting the adoption of HVDC transmission . The connecting wind farms are also been a key factor that impacts the adoption of HVDC as often as the offshore plant located distantly and generates a constant high voltage. 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 the factor that will impact the HVDC market most.

In-depth competitive landscape for each player and market share has been given in the report along with geographic analysis for HDVC grid market, covering the major regional markets, viz. Americas, Europe, Asia-Pacific, and Rest of the World (ROW). Some of the major contracts, agreements, major acquisitions, collaborations, and partnerships that boost the HVDC grid are discussed in the report.

Scope of the report

This research report categorizes the HVDC transmission market based on various applications, technology, power rating, configuration, component, and geography; it also covers the revenue foretold from 2013 to 2018. It describes the demand for HVDC grid in various regions. The report describes the applications mapping in the HVDC transmission market with respect to the growth potential.

On the basis of the applications

HVDC are used for various applications such as underground power links, interconnecting networks, powering island and remote loads, connecting wind farms and oil and gas offshore, Connecting wind farms and interconnecting networks are the major application of the HVDC grid.

On the basis of the Technologies

In this research report HVDC technology is segregated into line commutated converters and voltage source converters. The power electronic in this space has shown real prospects of high voltage transmission. The technical innovation in converter sphere allows power transmission from the remote offshore platforms and wind farms to the onshore.

On the basis of the configuration

The configuration used in HVDC grids are back to back, monopolar, bipolar and multi-terminal. The bipolar configuration widely adopted due to harness power from renewable energy sources and efficiently transporting power generated from renewable sources requires advance and technical equipped technology.

On the basis of the power rating

The HVDC power rating includes below 500 MW, 500 MW – 999 MW, 1000 MW -2000 MW and above 2000 MW. The high MW power projects are being commissioned to meet the power needs of urban cities.

On the basis of the component

The report includes the various component used in HVDC grids are thyristor, IGBT (insulated bipolar transistor), smoothing reactor, surge arrester, converter transformer, DC transmission, harmonic filters and control & protection.

On the basis of the geographical regions

Geographical analysis covers Americas, Europe, Asia-Pacific, and ROW. In this report, APAC is leading the global HVDC transmission market because of the development in power infrastructure in countries like China and India. APAC is followed by the European region where they are planning to integrate the renewable energy sources such as wind power and solar power grids. The need of transmission lines interconnection for more efficient power and energy use is also driving the growth of HVDC grid in this region.

Get a copy of this report @ http://www.reportsnreports.com/reports/267615-hvdc-transm...