Global HVDC Converter Station Market – Industry Analysis and Forecast (2017-2026) _ by Configuration (Monopolar, BI-Polar and Others), by Technology (LCC and VSC), by Component (Valve, Converter Transformers and Others), by Power Rating (Below 500 MW , More Than 500–1000 MW and Others) and by Geography
Global HVDC Converter Station Market (or simply converter station) is used to convert alternating current (AC) into direct current (DC) and vice versa. HVDC is basically a substation which forms the terminal equipment for a high-voltage direct current (HVDC) transmission line and then it converts direct current to alternating current or the reverse.
HVDC Converter Station Market valued USD 7.32 Billion in 2016 and expected to reach USD 15.74 Billion by 202, at a CAGR of 7.96%.
Please click the link to find report description and Table of Content in detail HVDC Converter Station Market: Global Analysis and Forecast 2026
Report includes assessment of Global HVDC Converter Station Market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the product, application and technology.
Increasing demand for cost-effective solutions while transferring bulk power over long distances is the driving factor for the Global HVDC Converter Station Market. However, high capital cost implied to install HVDC converter station is expected to restrain the market growth.
Europe is expected to be the largest growing region for HVDC converter station market followed by Asia Pacific.
Reasons for that is Increased Investments in power transmission by major economies such as the UK, Germany, and Italy, among others to develop interlink age between countries to maintain energy efficiency.
Scope of the Report:
Research report categorizes the Global HVDC Converter Station Market based on configuration, technology, component, power rating and geography.
Global HVDC Converter Station Market, By Configuration:
• Monopolar
• BI-Polar
• Back-To-Back
• Multi-Terminal
Global HVDC Converter Station Market, By Technology:
• LCC
• VSC
Global HVDC Converter Station Market, By Component:
• Valve
• Converter Transformers
• Harmonic Filters
• Reactors
• Circuit Breakers
• Surge Arresters
• Others
Global HVDC Converter Station Market, By Power Rating:
• Below 500 MW
• More Than 500–1000 MW
• More Than 1000–1500 MW
• More Than 1500–2000 MW
• Above 2000 MW
Global HVDC Converter Station Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players in the Global HVDC Converter Station Market Are:
• ABB
• Siemens
• GE
• Toshiba
• BHEL
• Mitsubishi
• NR Electric
• C-EPRI Power Engineering Company
• Hyosung
• XJ Electric
• LSIS