According to the new market research report HVDC Converter Station Market by Configuration (Monopolar, Bi-Polar, Back-to-Back, Multi-Terminal), Technology (LCC, VSC), Component (Valve, Converter Transformer, Harmonic Filter, Reactor), Power Rating, and Region – Global Forecast to 2022, The HVDC converter station market is expected to grow from an estimated value of USD 7.90 Billion in 2017 to USD 11.57 Billion by 2022, registering a CAGR of 7.92%, from 2017 to 2022. The major factors driving the growth of the market is the increasing requirement for cost-effective solutions for bulk power transfer and increasing need for connecting asynchronous grids. Due to these, there has been a rapid adoption of HVDC in Europe and Asia Pacific creating a market opportunity for the HVDC converter station market.
Don’t miss out on business opportunities HVDC Converter Station Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:
The rise in the use of thyristor valves has increased the demand for LCC HVDC systems because of the better reliability of the thyristor technology. In the recent years, technical improvements and compact designs with large-capacity thyristors (up to 8.5 kV, 4 kA) have contributed to the progress of HVDC applications in the Asia Pacific region, because of which there have been large UHVDC projects with the LCC technology in China. The trend is expected to continue in the by 2022 as the major economies in Asia and Europe such as China and the UK, among others are still struggling to meet the energy requirement in the country.
Browse and in-depth TOC on “HVDC Converter Station Market”
60 – Tables
41 – Figures
132 – Pages
View more detailed TOC @
In this report, the HVDC converter station market has been analyzed with respect to four regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The HVDC converter station market is expanding in developing countries owing to the growing requirement to transfer bulk power over long distances and to connect the renewable energy resources to the national grid. The market in Europe is expected to dominate the global HVDC converter station market, with the highest share as the major economies in the region such as the UK, Germany, and France are developing interlinkage links between countries to maintain power efficiency. Thus, the region is expected to maintain its dominance in the HVDC converter station market during the forecast period.
Request Sample Copy @
The major players in the HVDC converter station market are ABB (Switzerland), Siemens (Germany), and General Electric (US). The majority of the HVDC converter station market is dominated by these global players due to their wide regional presence and are established brand names. The other benefits with these players are their technologically advanced products and expertise in the industry which is helping them to lead the market.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441