How HVDC Transmission Market Will Perform In Terms of Revenue Share Till 2030?

 HVDC Transmission Market Analysis 

HVDC Transmission Market share is expected to surpass USD 17,448,0 million by 2030, with a 8.6% CAGR during the forecast period, 2022-2030.

FAQ’s:

  1. What is “HVDC Transmission” Market?
  2. Who are the Top Market manufacturers?
  3. Which are the most Business Regions across the globe?
  4. How big is the “HVDC Transmission” Market in upcoming Years?
  5. What are the Latest developments/industry updates in the “HVDC Transmission” Market? 

Report Attribute

Details

Forecast Period

2022 - 2030

Market Growth value

8.6 % CAGR

Revenue forecast in 2022-2030

USD 17,448,0 million

Base year for estimation

2021

Historical data

2019 – 2020

Unit

USD Billion, CAGR (2021 – 2030)

Segmentation

By Application, By End-Use, and By Region

Drivers 

Delivery of Bulk Power to Boost Market Growth 

The capability of delivering bulk power in long-distance transmission sans much transmission losses will boost market growth over the forecast period. 

Opportunities 

Strict Government Regulations to offer Robust Opportunities 

The stringent government regulations about electricity transmission will offer robust opportunities for the market over the forecast period. 

Download Sample Report @ https://www.marketresearchfuture.com/sample_request/6027

Restraints 

Short Circuits to act as Market Restraint 

Short circuits in AC power system will act as market restraint over the forecast period. Besides, the complexity related to multi-terminal systems may also impede market growth. 

Challenges 

High Installation and Implementation Costs to act as Market Challenge 

The high installation and implementation costs, standardization of HVDC systems, and low rate of adoption of HVDC technology may act as market challenge over the forecast period. 

Market Segmentation 

The global HVDC transmission market is bifurcated based on voltage rating, configuration, application, and technology. 

By technology, the VSC segment will lead the market over the forecast period. 

By application, the offshore segment will dominate the market in the forecast period. 

By configuration, the HVDC transmission market is segmented into monopolar, bipolar, back-to-back, and multi terminal. 

By voltage rating, the 640-800 kV will spearhead the market over the forecast period. 

COVID-19 Analysis

Supply chain disruptions, economic situations, fluctuations in demand share, as well as long-term & immediate effect of the COVID-19 pandemic possessed a negative effect on the HVDC transmission market growth. The pandemic has slowed down economic activity and pushed the economy into a steep recession. With the roots being in China, the supply chains in the world are facing shutdown and unprecedented disruption. Besides, the initial setback, the industry is likely to return to normalcy during the forecast period and continue growing much beyond also.

Request Customization @ https://www.marketresearchfuture.com/ask_for_customize/6027

Regional Analysis 

APAC to Domineer HVDC Transmission Market 

The APAC region will domineer the HVDC transmission market over the forecast period. The development of power infrastructure, China making huge investments in renewable energy, implementation of latest UHVDC technology for power transmission, growing population, increasing power consumption, aging infrastructure, increased urbanization, construction of smart cities in emerging economies, growing industrialization, and increasing establishment of power plants are fuelling the global HVDC transmission market growth in this region. 

Key Players 

Eminent industry players profiled in the global HVDC transmission market report include Seimens AG (Germany), Hitachi (Japan), ABB (Switzerland), Schneider Electric (France), Toshiba (Japan), Alstom (France), General Electric (U.S.), and DATC (U.S). Mitsubishi (Japan), NKT Holdings (Denmark), Adani (India), Nexans (France), Prysmian Group (Italy), and C-EPRI Electric Power Engineering Co., Ltd (China) are among others.

Comments

Post a Comment

Popular posts from this blog

Hydraulic Components Market Top Impacting Factors To Growth Of The Industry By 2030

  Hydraulic Components Market Analysis Hydraulic Components Market  share is expected to Reach $60.5 Billion by 2027, a CAGR of 5.30% during the forecast period (2020 - 2027). Multiple Factors to Augment Market Growth The expanding demand for hydraulic equipment in the construction industry, as well as their growing application in mining equipment, are boosting demand for hydraulic components. Revenue from the construction equipment industry is expected to reach USD 5 billion by 2025, according to the National Investment Promotion and Facilitating Agency (India). Hydraulic components are widely used in wheel loaders, telehandlers, concrete boom trucks, and excavators, among other things. These requirements are intended to encourage the use of hydraulic equipment on construction sites. Hydraulic components have a variety of characteristics and benefits that make them the preferred choice for a variety of end-use applications. With the rising adoption of the Industrial Internet ...
Read more

Which Are The Top Key Players Of Offshore Wind Market?

  Global Offshore Wind Market: Synopsis Offshore Wind Market  share is projected to be worth USD 114 Billion by 2027, registering a CAGR of 21% during the forecast period. Factors Studied For Market Forecast Drivers : Escalating the production of energy from renewable resources including wind and solar power, for the reduction of harmful emissions. Restraints : Huge capital investments. High maintenance cost. Request Sample Report @   https://www.marketresearchfuture.com/sample_request/3284 FAQ’s: What is “Offshore Wind” Market? Who are the Top Market manufacturers? Which are the most Business Regions across the globe? How big is the “Offshore Wind” Market in upcoming Years? What are the Latest developments/industry updates in the “Offshore Wind” Market?  Report Attribute Details Forecast Period 2022 - 2030 Market Growth value 21 % CAGR Revenue forecast in 2022-2030 USD 114 billion Base year for estimation 2021 Historical data 2019 – 2020 Unit USD Billion, CAGR ...
Read more

How Threats Can Be Turn Into Opportunities In Global Carbon Capture and Storage Market Size?

  Carbon Capture and Storage Market Size Analysis Carbon Capture and Storage Market Size  share is set to grow healthily and register a valuation of USD 9.56 billion CAGR 15% by the end of 2027. Increasing Need to Reduce Carbon Emissions A significant driver of the market is the government's more severe approach to climate change and lowering carbon emissions. Carbon emissions, for example, are expected to rebound after a sharp drop in 2020 and increase by 4.8%. Governments must be prepared to deal with this challenge. This year and in the foreseeable period, CCS technology and the market can both contribute to this effort. The use of CCS technology will help to significantly lower industrial CO2 emissions. Reduced coal consumption and clean technologies in industries are other major market drivers. Request Sample Report @   https://www.marketresearchfuture.com/sample_request/1862 FAQ’s: What is “Carbon Capture and Storage” Market? Who are the Top Market manufacturer...
Read more