2019 HVDC Converters Market Growth | Trends Analysis Report 2025 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

2019 HVDC Converters Market Growth | Trends Analysis Report 2025

Description:

HVDC Converters Market market is becoming an increasingly important domain across the energy landscape, which can be attributed to fast-paced digitalization, decarbonization and distributed generation efforts. – PowerPoint PPT presentation

Number of Views:7
Date added: 12 August 2019
Slides: 9
Provided by: petrahearn
Category:
Tags:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: 2019 HVDC Converters Market Growth | Trends Analysis Report 2025


1
HVDC Converters 2019 Regional Trend Growth
Projections to 2025
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
Global Market Scenario of HVDC Converters
ndustry
  • HVDC converters market is becoming an
    increasingly important domain across the energy
    landscape, which can be attributed to fast-paced
    digitalization, decarbonization and distributed
    generation efforts. HVDC systems offer the
    capability to efficiently transmit loads over
    long distances, which will result in product
    penetration across the global power
    infrastructure. Ongoing advancements in
    technology aimed to minimize transmission and
    distribution losses across the power supply
    network will stimulate HVDC converters industry
    trends over the forecast timeframe.
  • Favorable government initiatives regarding the
    development of intra-regional and cross border
    transmission networks will offer considerable
    prospects for power component manufacturers
    worldwide. Modernization and revamping of the
    existing electric infrastructure across developed
    economies will stimulate the demand for reliable
    and more efficient AC to DC or DC to AC
    converters.
  • HVDC converters industry size is expected to
    witness remarkable growth owing to rising
    integration of renewable power generation
    technologies into the grid along with stringent
    norms to ensure energy efficiency. Reportedly,
    global power demand witnessed a 4 escalation in
    2018, nearly twice as fast as overall energy
    demand.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Continue-
Power generation from gas and coal-based power
plants increased significantly over the past
year, pushing up carbon emissions by 2.5. Demand
for air-conditioning during summer peeked in
2018, which was recorded as the fourth hottest
year. Similarly, North America witnessed
colder-than-average winters which resulted in the
increased deployment of room-heating appliances.
Globally surging power demand coupled with rising
concerns towards CO2 emissions will be impactful
factors driving HVDC converters market outlook,
as renewable production rises. The Ultranet
project in Germany was aimed at establishing a
340-kilometer DC line between North
Rhine-Westphalia and Baden-Württemberg to
transmit over 2,000 megawatts of power.
TransnetBW in collaboration with Amprion had
designed the project to transform a completely
point-to-point connection into a HVDC
transmission with three grid connection points in
Lower Saxony in the north, Baden-Württemberg in
the south and North Rhine-Westphalia in the west.
Increasing deployment of such systems in the
future will escalate HVDC converters industry
share over the forecast timeline.
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
China HVDC Converters Market Size, By
Configuration, 2018 2025 (USD Million)
Browse Complete Summary of this report _at_
https//www.gminsights.com/industry-analysis/hvdc-
converters-market
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
360 Industry Analysis
  • Korea Electric Power Corporation (KEPCO) has
    recently appointed ABB to build new HVDC
    converter stations to provide additional 200
    megawatt of electricity to Jeju island, for
    powering over 500,000 houses. ABB will deploy its
    VSC technology driven HVDC Light for the project,
    owing to the fact that HVDC is the most
    cost-effective, environment friendly and
    efficient method for transmission of large
    amounts of power over long distances, with
    negligible power losses. Growing deployment of
    HVDC converters along such mega projects globally
    will transform HVDC converters market
    substantially.
  • Owing to rising deployment of renewable power
    generation projects and stringent emission
    control regulations, HVDC converter products are
    expected to witness tremendous adoption, in line
    with the escalating power consumption rate and
    ongoing advancement in electrical infrastructure.
    Reports estimate that global HVDC converters
    market share will exceed USD 13 billion by 2025.
    ABB, C-EPRI, Toshiba, General Electric and
    Siemens are some of the key players outlining the
    industrys competitive landscape.

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
Industry Background
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
7
  • Competitive Analysis
  • Siemens
  • ABB
  • Toshiba
  • Mitsubishi Electric
  • C-EPRI and General Electric
  • Browse Press Release_at_ https//www.gminsights.com/p
    ressrelease/hvdc-converters-marketmarket

2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
8
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2018 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
About PowerShow.com