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/ .
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