HVDC Converter Station Market to cross USD 52.4 Billion by 2023
- by KD Market Insights
- July, 2022
A high voltage direct current (HVDC) converter station is a specialized type of substation which forms the terminal equipment for a high-voltage direct current transmission line. Its function is to convert direct current to alternating current or the reverse.
According to the KD market insights, the HVDC (high voltage direct current) converter station market is anticipated to achieve USD 52.4 Billion between the forecast period of 2018-2023 and is expected to attain a high CAGR value in the forecast period. Factors such as, increased investor confidence and improving global economic conditions, are likely to the market is expected to show considerable growth in the future.
The global HVDC converter station market is assumed to attain value growth during the forecasted period of 2018-2023. The report provides a wide overview of the market its latest trends, insights, competition and challenges faced in the market. It provides information on the market during the forecasted period so that the market can be evaluated in advance.
The report covers separate and detailed analysis of the market, for the better consideration 2017 is considered as the base year, 2018 is considered as the base year, 2018 as estimated year and 2019-2023 is forecasted year. The report has been segmented on the basis of configuration, technology, by component and by geography. By configuration market is sub-segmented as monopolar, multiterminal, back to back station, bipolar. By technology, market is split as LCC-HVDC and VSC-HVDC. By component, market is divided as valve, converter transformers, harmonic filters, reactors, circuit breakers and others.
The report has been segmented on the basis of geography to provide an overview of the particular area so that demand and the requirements of that particular region are known in advance which helps the company to build their brand image and grab their target customers. The geography covered in this report is North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina and Rest of Latin America, Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report provides a detailed analysis of the key stakeholders of the market, plans formulated by them to capture market share and the strategies the company needs to adapt to provide better customer satisfaction. The major market players are Siemens AG, ABB, GE, Toshiba, LSIS Co. Ltd. and Other Major & Niche Players
The final section of the report provides the current scenario of the market, methods from which data is collected, it provides an overview of competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities. Further, it provides information about the significant contribution of each sector in the market and opportunities for the entry-level players.
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