HVDC Converter Stations Market (Updated Version Available)

Power is generated, transmitted and distributed as AC, and most of the time, power is also consumed as AC. However, when transmitting power over long distances such as from an offshore wind farm, an AC line would be uneconomical due to the high power losses that such transmission involves. In such situations, DC power is used, and the conversion of AC power to DC for transmission is achieved using a converter station.
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. Increasing requirement to transfer bulk power over long distances and the connection of the renewable energy resources to the national grid are driving the market for HVDC converter stations.
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.
The global HVDC Converter Stations market was 71100 million US$ in 2020 and is expected to 129700 million US$ by the end of 2025, growing at a CAGR of 7.8% between 2020 and 2025.

The report offers detailed coverage of HVDC Converter Stations industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading HVDC Converter Stations by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global HVDC Converter Stations market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.

First, this report covers the present status and the future prospects of the global HVDC Converter Stations market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Other
By the product type, the market is primarily split into
Monopolar
Bi-Polar
Back to Back
Multi-Terminal
By the end users/application, this report covers the following segments
Power Industry
Powering Island and Remote Loads
Interconnecting Networks
Oil & Gas
Others


At the same time, we classify HVDC Converter Stations according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the HVDC Converter Stations market for the forecast period 2020 - 2025?
• What are the driving forces in the HVDC Converter Stations market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the HVDC Converter Stations industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?