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HVDC Converters Market outlook, Future Scope, Demands and Projected Industry Growths to 2025

A detailed overview of HVDC Converters market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of HVDC Converters market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Introduction of energy efficiency norms supported by rapid integration of clean energy into grid will stimulate the HVDC converter market share. In addition, ongoing investments toward modernization and renovation of the existing power infrastructure across the developed nation will augment the industry dynamics.

The <500 kV HVDC converter market was valued over USD 1 billion in 2018. Favorable measures toward integration & installation of renewable power plant along with increasing interconnection of power grid will stimulate the product adoption. For instance, in November 2017, the regulators of Ireland and France announced to spend more than USD 1 billion in the development of high voltage direct current interconnection link.

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HVDC Converter Market is predicted to surpass USD 13 billion by 2025. Positive outlook toward development of inter-regional & cross border electrical networks will propel the industry growth. For instance, in 2015, the EC has set aim to attain minimum interconnection of 15% of the generation capacity by 2030. In addition, increasing efforts to reduce energy losses across transmission and distribution line by advancing the aging transmission infrastructure to achieve energy efficiency targets will complement the business landscape.

HVDC Converters Market outlook, Future Scope, Demands and Projected Industry Growths to 2025
HVDC Converters Market outlook, Future Scope, Demands and Projected Industry Growths to 2025

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Increasing capital investments toward expansion of large-scale grid integration and electrical infrastructure project will fuel the LCC HVDC converter market. Ability to transfer large amount electricity over long distances, with extensive overload and black start capability are some of the indispensable parameters making its adoption preferable over its counterparts.

Ongoing capital spending toward the strengthening of existing electrical infrastructure across Canada and the U.S. will drive the North America HVDC converter market share. According to the Wisconsin Economic Development Corporation (WEDC), Canada will require capital spending of worth USD 350 billion to modernize its grid infrastructure between 2017 to 2037. Technological innovation along with increasing investments in the development of long-distance transmission networks will further complement the industry landscape.

Favorable government initiatives toward sustainable development along with ability to efficiently distribute large amount of electrical power will fuel the Bipolar HVDC converter market. Furthermore, ability to operate as a monopolar link in case of fault on one line, with reliable operation and higher efficiency are few highlighted parameters positively influencing the product adoption.

Surging demand for electricity coupled with increasing investments toward development of electrical infrastructure will fuel the China HVDC converter market.

For instance, in March 2018, according to energy official, the China announced to invest USD 6.4 billion in upgradation of rural power grid in 26 western and central regions.

Major Highlights from Table of contents are listed below for quick lookup into HVDC Converters Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of HVDC Converters Market
  • Product trends
  • Application trends

Chapter 3. HVDC Converters Industry Insights

  • HVDC Converters Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the HVDC Converters industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • HVDC Converters Market Technology & innovation landscape
  • Industry impact forces
  • HVDC Converters Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of HVDC Converters Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in HVDC Converters Market
  • SWOT Analysis

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