Data Bridge Market Research has recently published the comprehensive business research on High Voltage Direct Current (HVDC) Transmission Market includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. High Voltage Direct Current (HVDC) Transmission Market research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps understand how to connect with customers, how to stack up against the competition, and how to plan next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers. For many businesses, High Voltage Direct Current (HVDC) Transmission Market report acts as a key component in developing marketing strategy by providing a fact-based foundation for estimating sales and profitability.

Data Bridge Market Research analyses that the global high voltage direct current (HVDC) transmission market which was USD 10.50 billion in 2022, would rocket up to USD 20.91 billion by 2030, and is expected to undergo a CAGR of 9.3 % during the forecast period.

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High Voltage Direct Current (HVDC) Transmission Market Analysis:

This High Voltage Direct Current (HVDC) Transmission Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the High Voltage Direct Current (HVDC) Transmission Market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

List of the leading companies operating in the High Voltage Direct Current (HVDC) Transmission Market includes:

·         Siemens (Germany)

·         ABB (Switzerland)

·         GENERAL ELECTRIC COMPANY (United States)

·         Toshiba Energy Systems & Solutions Corporation (Japan)

·         Mitsubishi Electric Corporation (Japan)

·         Emerson Electric Co. (United States)

·         Schneider Electric (France)

·         NEXANS (France)

·         NKT A/S (Denmark)

·         Hitachi Ltd. (Japan)

·         Sumitomo Electric Industries Ltd. (Japan)

·         Prysmian S.p.A (Italy)

·         American Superconductor (United States)

·         LS ELECTRIC Co., Ltd. (South Korea)

·         C-EPRI Electric Power Engineering Co. Ltd. (China)

·         TransGrid Solutions (Australia)

·         ATCO LTD. (Canada)

·         Doble Engineering Company (United States)

·         HVDC Technologies Ltd. (United Kingdom)

·         Eltek (Norway)

 Global High Voltage Direct Current (HVDC) Transmission Market Dynamics

Drivers

  • Increasing demand for long-distance power transmission

HVDC transmission is highly efficient in transmitting electricity over long distances with minimal losses compared to traditional AC (alternating current) transmission. As the demand for energy continues to rise, particularly in regions where renewable energy sources are located far from population centers, HVDC transmission becomes crucial for efficient power delivery. The need to transmit renewable energy generated from offshore wind farms or remote solar installations is a significant driving factor in the HVDC transmission market.

  • Integration of renewable energy sources

The global shift towards renewable energy sources such as wind and solar power requires efficient integration into existing power grids. HVDC transmission systems enable the integration of renewable energy sources by facilitating long-distance transmission and interconnection between different power networks. HVDC transmission provides greater flexibility in managing intermittent renewable energy generation, improving grid stability and reliability. The increasing adoption of renewable energy drives the demand for HVDC transmission infrastructure.

  • Increasing Demand for Interconnection of regional power grids

Interconnecting regional power grids through HVDC transmission enables efficient power exchange and load balancing between regions or countries. This interconnection helps optimize power generation and utilization, enhances grid resilience, and promotes energy trading. HVDC transmission allows for the transfer of surplus electricity from regions with excess generation capacity to regions with higher demand, reducing the need for local power generation and enhancing overall grid efficiency.

  • Increasing demand for oil and gas exploration

The global high voltage direct current (HVDC) transmission market is primarily driven by the growing demand for oil and gas exploration activities worldwide. As global energy consumption continues to rise, there is a need for exploration and extraction of hydrocarbon reserves from both conventional and unconventional sources. High voltage direct current (HVDC) transmission is crucial in ensuring the integrity and stability of oil and gas wells, protecting them from external contaminants, and maintaining wellbore stability.

Opportunity

  • Focus on grid modernization and infrastructure development

As countries and regions strive to modernize their power grids and enhance energy infrastructure, HVDC transmission plays a crucial role. The aging infrastructure in many areas requires upgrades to accommodate the changing energy landscape, including integrating renewable energy sources. HVDC transmission systems enable the efficient transfer of power over long distances, making them a valuable solution for grid modernization initiatives. Governments and utility companies invest in developing HVDC transmission infrastructure to strengthen their grids, improve reliability, and support the energy transition.

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Global High Voltage Direct Current (HVDC) Transmission Market Segmentations:

Component

  • Converter Stations
  • Transmission Cables
  • Electrodes
  • Control and Protection
  • Reactive Power Supplies

Project Type

  • Point-To-Point Transmission
  • Back-To-Back Stations
  • Multi-terminal Systems

Technology

  • Capacitor Commutated Converter
  • Voltage Source Converter
  • Line Commutated Converter

Application

  • Bulk Power Transmission
  • Interconnecting Grids
  • In-feed Urban Areas

Power Rating

  • Below 500 MW
  • 501-1000 MW
  • 1001-1500 MW
  • 1501-2000 MW
  • Above 2001 MW

Voltage Rating

  • Less Than 350 Kv
  • 350-640 kV
  • 640-800 kV
  • More Than 800 kV

 High Voltage Direct Current (HVDC) Transmission Market Country Level Analysis

The countries covered in the High Voltage Direct Current (HVDC) Transmission Market report are South Africa, Saudi Arabia, U.A.E., Egypt, Israel, the Rest of Middle East and Africa, U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Switzerland, Turkey, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina and Rest of South America. North America dominates globally due to rising demand for advanced technologies and software design and development.

The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

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High Voltage Direct Current (HVDC) Transmission Market Report Answers the Following Questions:

How much revenue will the High Voltage Direct Current (HVDC) Transmission Market generate by the end of the forecast period?

  • Which market segment is expected to have the maximum market share?
  • What are the influencing factors and their impact on the Smart Home market?
  • Which regions are currently contributing the maximum share of the overall Smart Home market?
  • What indicators are likely to stimulate the Smart Home market?
  • What are the main strategies of the major players in the High Voltage Direct Current (HVDC) Transmission Market to expand their geographic presence?
  • What are the main advances in the Smart Home market?
  • How do regulatory standards affect the Smart Home market?

Table of Content: Global Smart Home Market

1 Introduction

2 Market Segmentation

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Global Smart Home Market, By Deployment Type

7 Global Smart Home Market, By Enterprise Size

8 Global Smart Home Market, By Sales Channel

9 Global Smart Home Market, By Application

10 Global Smart Home Market, By Region

11 Global Smart Home Market, Company Landscape

12 Swot Analysis

13 Company Profile

14 Questionnaire

15 Related Reports

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