Welcome!

News Feed Item

Global HVDC Transmission Market to see 16.97% CAGR to 2018

DALLAS, August 30, 2014 /PRNewswire/ --


The 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. Complete report titled "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)" is available at http://www.reportsnreports.com/reports/267615-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-.html .

The depleting conventional power generation has drawn attention towards exploring the new prospects of power generation sources. Across the globe power consumption, demand tends to increase in near future. The major economies such as China and India, are continuously striving to develop scope to generate power from new sources such as wind farms, solar panel and tidal to satiate the power consumption demand of the cities.

The increasing demand of electricity has laid enormous pressures on the existing infrastructure of the power generation capacity. Beside power generation, transmission loss is also one of the major concerns as heavy transmission losses are being incurred by the AC system. Hence, HVDC transmission becomes an interesting preposition across the globe due to its lower transmission losses, asynchronous interconnection and the capability to deliver bulk power for long distance transmission.

High voltage direct current grid is a main step towards power generation from the renewable sources. The growing need for integrated network, transmit bulk power generated from the remotely located renewable sources and interconnection with the neighboring grids are the key driver of the HVDC transmission market. The Global transmission grid market is expected to grow at a CAGR of 16.97% in the next five years (2013-2018).

HVDC transmission market companies discussed in this report include ABB, Adani Power Limited, Aecom Technology, Aeg Power Solutions, Alstom SA, Crompton Greaves, Dnv Kema, Energinet, Epcos Ag, General Electric, Hitachi, Kalpataru Power Transmission, National Grid, Nexans S.A., Nextek Power Systems, Prysmian Group, Schneider Electric SA, Siemens Energy, Toshiba Corp. and Transgrid Solutions. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=267615 .

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.

Need for reliable transmission and increasing growth of interconnection among neighboring network are also boosting the adoption of HVDC transmission. The connecting wind farms are also been a key factor that impacts the adoption of HVDC as often as the offshore plant located distantly and generates a constant high voltage. The high power transmission from offshore plant to the load centers needs an efficient, reliable system. HVDC has the ability to carry high voltage power over long distances with low transmission loss. It is believed that wind application will be the factor that will impact the HVDC market most.

In-depth competitive landscape for each player and market share has been given in the report along with geographic analysis for HDVC grid market, covering the major regional markets, viz. Americas, Europe, Asia-Pacific, and Rest of the World (ROW). Some of the major contracts, agreements, major acquisitions, collaborations, and partnerships that boost the HVDC grid are discussed in the report.

Wireless Power Transmission Market by transmission technology (Induction, Radiation), type, and range; by application (consumer electronics, industrial, automotive, healthcare, and defense), and by geography - forecast and analysis (2013-2020) is a 2014 research report of 260 pages that says the industry is expected to grow at a CAGR of 60.49% from 2014 to 2020. Asia Pacific accounts a wireless power transmission market share of approximately 38.24% in 2013, and is expected to grow at a CAGR of 62.95% from 2014 to 2020. Players involved in market includes ConvenientPower HK Ltd. (Hong Kong), Energizer Holdings Inc. (U.S.), Integrated Device Technology, Inc. (U.S.), Leggett & Platt, Inc. (U.S.), Murata Manufacturing Co., Ltd. (Japan), Powermat Technologies Ltd. (Israel), Plugless Power (U.S.), QUALCOMM Inc. (U.S.), Texas Instruments Inc. (U.S.), and Witricity Corp. (U.S.). Read more at http://www.reportsnreports.com/reports/293405-wireless-power-transmission-market-by-transmission-technology-induction-radiation-type-and-range-by-application-consumer-electronics-industrial-automotive-healthcare-and-defense-and-by-geography-forecast-and-analysis-2013-2020-.html .

Explore more reports on semiconductors and electronics market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .

About Us: 

ReportsnReports.com is an online market research reports library of 400,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe. We provide 24/7 online and offline support service to our customers.

Connect With Us on:

Facebook: https://www.facebook.com/pages/ReportsnReports/191441427571689
LinkedIn: http://www.linkedin.com/company/reportsnreports
Twitter: https://twitter.com/marketsreports
Pinterest: http://www.pinterest.com/comeonseo/reportsnreports/

Contact:
Priyank Tiwari
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252
Tel: +1-888-391-5441
[email protected]


SOURCE ReportsnReports

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Storpool does only block-level storage so we do one thing extremely well. The growth in data is what drives the move to software-defined technologies in general and software-defined storage," explained Boyan Ivanov, CEO and co-founder at StorPool, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Sometimes I write a blog just to formulate and organize a point of view, and I think it’s time that I pull together the bounty of excellent information about Machine Learning. This is a topic with which business leaders must become comfortable, especially tomorrow’s business leaders (tip for my next semester University of San Francisco business students!). Machine learning is a key capability that will help organizations drive optimization and monetization opportunities, and there have been some...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.