(PRWEB) September 02, 2013
According to a new market research report of “HVDC Transmission Market - By Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above 2000 MW), Application, Component & Geography (2013 - 2018)" published by MarketsandMarkets the HVDC transmission market is expected to grow at a CAGR of 16.97% from 2013 to 2018 and reach $9.62 billion in 2018.
Browse 117 market data tables and 55 figures spread through 303 pages and in-depth TOC on “HVDC Transmission Market - By Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above 2000 MW), Application, Component & Geography (2013 - 2018)”. Download a free sample report for HVDC Transmission Market.
Early buyers will receive 10% customization on this report.
The increasing wind farms, focusing on power trading and reliable power transmission in the continent have been driving HVDC transmission market. It is expected that wind farms would produce 10,000 MW of power - 50 times more than today’s offshore farms. Even the European Union, also focusing on the adoption rate of the HVDC as they have set a target of 20% of electricity from renewable sources by 2020, and much of this will come from wind farms.
Europe and APAC are considered to be the fastest growing markets due to high development in power transmission networks. American market also constitutes as a substantial share in high voltage direct current market where as the U.S. is considered as the major contributor. The ageing infrastructure and recent blackout in the U.S. is the reason behind the adoption of HVDC in the region. From these factors, it is believed that these markets will grow at a significant rate for the forecast period of 2013 and 2018.
The HVDC transmission market is broadly segmented into: technology, configuration, component, power rating, application, and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately described in the report.
Global HVDC transmission market is expected to reach $9.62 billion by 2018, at an estimated CAGR of 16.97% from 2013 to 2018. The major driving factors for HVDC transmission market are the growth in offshore wind farms installation and increasing the government incentivization. In the report, different technologies are discussed like line commutated converters and voltage source converters. The configuration includes back to back, monopolar, bipolar and multi-terminal. The HVDC’s component comprises thyristor, IGBT (insulated gate bipolar transistor), surge arrester, converter transformer, smoothing reactors, harmonic filters, DC circuit, control & protection. The power rating market is categorized into below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW, above 2000 MW.
Browse related reports
Flexible AC Transmission System (FACTS) Market by Compensation (Shunt, Series, Combined), Component (Thyristors, Capacitor Banks, Reactors), Application, Industry Vertical (Electric Utilities, Steel, Mining), Global Forecast & Analysis (2013 - 2018)
Substation Automation Market (2013 - 2018) By Components - IEDS (Digital Relays, Smart meters, Recloser Controller, Capacitor Bank Controller) & Communication Technology (Optical Fiber, PLC, Copper Wire, Ethernet), SCADA & Geography
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including agriculture, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets