The
majority of the world’s transmission systems and electrical grids have been
made using alternating current. However in recent times, direct current (DC)
lines are gaining significant market share in the overall integrated power
grids of the world. Primarily being used are High Voltage Direct Current (HVDC)
lines to transmit power over long distances. Due to the inherent nature of
direct current, HVDC systems allow regional power grids to be connected
asynchronously which eliminate many outage causing grid stability issues. HVDC
power transmission systems use direct current for bulk transmission of
electricity.
HVDC
systems are less expensive for long-distance transmission of electricity and
they also tend to give low electrical losses. During the transmission of
electricity through HVDC system it doubles the voltage of the power transmitted
which reduces the line losses per unit of electricity. HVDC systems facilitate
transmission of power generated from hydel plants, solar panels or wind plants
through long distance. The deployment of HVDC line has lead to interconnection
of AC grid with HVDC which has strengthened the power capacity and increased
the reliability of power grid. There is growing need for cable based
transmission instead of overhead lines which makes HVDC to be the future energy
transmission option.
One
of the primary drivers behind the growth of the HVDC market is the growing
electricity consumption in the world. New technologies such as voltage-source
converters (VSC’s) have significantly addressed concerns regarding the capability
of classic HVDC systems. Due to high voltage during transmission and the nature
of direct current, electricity transmission through such lines results in much
lower transmission losses. Other advantages include the lesser space
requirement for the towers carrying these lines.
The
primary components of HVDC systems can be segmented on the basis of converter
technology being used as well as the types of cables and conductors employed.
The types of converter technology include current source converter and voltage
source converter. The different types of cables and conductors include
underground cables, overhead conductors and extruded submarine cables. High
investments have been made for upgrading the ageing infrastructure which has
led to the growth of HVDC transmission systems in the American countries.
Few
companies profiled in this market research report include Siemens AG, American
Superconductor Corpora (AMSC), ABB, General Electric, Mitsubishi Heavy
Industries, Toshiba and Alstom.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report
provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
Reasons
for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological growth
map over time to understand the industry growth rate
- It provides a seven-year forecast
assessed on the basis of how the market is predicted to grow
·
It
helps in making informed business decisions by having complete insights of
market and by making in-depth analysis of market segments
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