Research and Markets has added the “HVDC Converter Station Market by Type, by Technology, by Application and by Geography – Global Trends & Forecasts to 2019” report to their offering.
The rapid increase in offshore wind farms and increasing demand for efficient power transmission are some of the drivers of the HVDC converter station market. With increase in government incentive policies to establish HVDC converter station, power operators are forced to implement improved and effective drilling equipment in power transmission. The HVDC converter station market is therefore expected to show a sound growth in the coming years. The global HVDC converter station market is expected to reach approximately $12.7 billion by 2019 at a CAGR of 5.1% from 2014 to 2019.
Scope of the report:
The report estimates the global HVDC converter station market by the intensity of increasing demand for efficient power transmission by the end of 2019. It highlights various key industrial issues and market impulse factors. It also describes a number of important dynamics such as drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market.
– On the basis of type: The HVDC converter station market is segmented on the basis of the type of converter station being installed across the globe such as monopolar, bi-polar, back-to-back, and multi-terminal.
– On the basis of application: Underground power links, powering island and remote loads, connecting wind farms, interconnecting networks, and oil & gas offshore platform
– On the basis of Technology: Line Commutated Converter (LCC) and Voltage Source Converter (VSC)
– On the basis of geography: Asia Pacific, Europe, and Americas.
In order to provide a deeper understanding of the competitive landscape, the report includes profiles of some of the major HVDC converter station manufacturers such as ABB Ltd. (Switzerland), Alstom (France) , Siemens (Germany), Bharat Heavy Electricals Ltd. (India), Crompton Greaves (India), General Electric (U.S.), and Hitachi Ltd. (Japan).
Market share analysis, by revenue, of the top companies is also included in the report. The scope accordingly aids market participants to identify high growth markets and helps in managing key investment decisions. For this study, the major market players have been identified through secondary and primary research activities. The market share analysis of these key players is arrived based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, directors, and marketing executives.