About HVDC Converter Stations
Power is generated, transmitted, and distributed as alternating current (AC), and generally, 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.
Technavio’s analysts forecast the global HVDC converter stations market to grow at a CAGR of 20.56% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global HVDC converter stations market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global HVDC Converter Stations Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ABB
• BHEL
• GE Power
• TOSHIBA
• Mitsubishi Electric
• Siemens
Market driver
• Growth in offshore wind installations
• For a full, detailed list, view our report
Market challenge
• High capital investment
• For a full, detailed list, view our report
Market trend
• Development of supergrid
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
• Segmentation by technology
• Comparison by technology
• LCC – Market size and forecast 2017-2022
• VSC – Market size and forecast 2017-2022
• Market opportunity by technology
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
• Geographical segmentation
• Regional comparison
• APAC – Market size and forecast 2017-2022
• EMEA – Market size and forecast 2017-2022
• Americas – Market size and forecast 2017-2022
• Key leading countries
• Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 12: MARKET TRENDS
• Development of supergrid
• Growing focus on energy efficiency
• Growing investment in T&D infrastructure
PART 13: VENDOR LANDSCAPE
• Overview
• Landscape disruption
• Competitive scenario
PART 14: VENDOR ANALYSIS
• Vendors covered
• Vendor classification
• Market positioning of vendors
• ABB
• BHEL
• GE Power
• Mitsubishi Electric
• Siemens
• TOSHIBA
PART 15: ABBREVIATION
• List of abbreviations
?
Exhibit 01: Parent market
Exhibit 02: Global T&D market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2017
Exhibit 07: Validation techniques employed for market sizing 2017
Exhibit 08: Global HVDC converter stations market – Market size and forecast 2017-2022 ($ mn)
Exhibit 09: Major HVDC markets
Exhibit 10: Right of way comparison for approximately 2 GW
Exhibit 11: Relative cost of 2,000 MW AC and DC transmission
Exhibit 12: Global HVDC converter stations market – Year over year growth 2018-2022 (%)
Exhibit 13: Five forces analysis 2017
Exhibit 14: Five forces analysis 2022
Exhibit 15: Bargaining power of buyers
Exhibit 16: Bargaining power of suppliers
Exhibit 17: Threat of new entrants
Exhibit 18: Threat of substitutes
Exhibit 19: Threat of rivalry
Exhibit 20: Market condition - Five forces 2017
Exhibit 21: Global HVDC converter stations market by technology – Market share 2017-2022 (%)
Exhibit 22: Comparison by technology
Exhibit 23: Global HVDC converter stations market by LCC– Market size and forecast 2017-2022 ($ mn)
Exhibit 24: Global HVDC converter stations market by LCC – Year over year growth 2018-2022 (%)
Exhibit 25: Global HVDC converter stations market by VSC – Market size and forecast 2017-2022 ($ mn)
Exhibit 26: Global HVDC converter stations market by VSC – Year over year growth 2018-2022 (%)
Exhibit 27: Market opportunity by technology
Exhibit 28: Customer landscape
Exhibit 29: Global HVDC converter stations market by region – Market share 2017-2022 (%)
Exhibit 30: Regional comparison
Exhibit 31: HVDC converter stations market in APAC – Market size and forecast 2017-2022 ($ mn)
Exhibit 32: HVDC converter stations market in APAC – Year over year growth 2018-2022 (%)
Exhibit 33: HVDC converter stations market in EMEA – Market size and forecast 2017-2022 ($ mn)
Exhibit 34: HVDC converter stations market in EMEA – Year over year growth 2018-2022 (%)
Exhibit 35: HVDC converter stations market in Americas – Market size and forecast 2017-2022 ($ mn)
Exhibit 36: HVDC converter stations market in Americas – Year over year growth 2018-2022 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Average distance of wind farm from shore (1991-2016)
Exhibit 40: Benefits of interconnected systems
Exhibit 41: Benefits of distribution generation
Exhibit 42: Countries with energy-efficiency targets and policies 2015
Exhibit 43: Global cumulative energy-efficiency investments 2014-2035 (%)
Exhibit 44: Global investments in electricity networks, 2000-2016 ($ billions)
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: ABB overview
Exhibit 51: ABB – Business segments
Exhibit 52: ABB – Organizational developments
Exhibit 53: ABB – Geographic focus
Exhibit 54: ABB – Segment focus
Exhibit 55: ABB – Key offerings
Exhibit 56: BHEL overview
Exhibit 57: BHEL – Business segments
Exhibit 58: BHEL – Organizational developments
Exhibit 59: BHEL – Geographic focus
Exhibit 60: BHEL – Segment focus
Exhibit 61: BHEL – Key offerings
Exhibit 62: GE Power overview
Exhibit 63: GE Power – Business segments
Exhibit 64: GE Power – Organizational developments
Exhibit 65: GE Power – Geographic focus
Exhibit 66: GE Power* – Segment focus
Exhibit 67: GE Power – Key offerings
Exhibit 68: Mitsubishi Electric overview
Exhibit 69: Mitsubishi Electric – Business segments
Exhibit 70: Mitsubishi Electric – Organizational developments
Exhibit 71: Mitsubishi Electric – Segment focus
Exhibit 72: Mitsubishi Electric – Geography focus
Exhibit 73: Mitsubishi Electric – Key offerings
Exhibit 74: Siemens overview
Exhibit 75: Siemens – Business segments
Exhibit 76: Siemens – Organizational developments
Exhibit 77: Siemens – Geographic focus
Exhibit 78: Siemens – Segment focus
Exhibit 79: Siemens – Key offerings
Exhibit 80: TOSHIBA overview
Exhibit 81: TOSHIBA – Business segments
Exhibit 82: TOSHIBA – Organizational developments
Exhibit 83: TOSHIBA – Geographic focus
Exhibit 84: TOSHIBA – Segment focus
Exhibit 85: TOSHIBA – Key offerings
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 05: MARKET SIZING
• Market definition
• Market sizing 2017
• Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 07: MARKET SEGMENTATION BY TECHNOLOGY
• Segmentation by technology
• Comparison by technology
• LCC – Market size and forecast 2017-2022
• VSC – Market size and forecast 2017-2022
• Market opportunity by technology
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
• Geographical segmentation
• Regional comparison
• APAC – Market size and forecast 2017-2022
• EMEA – Market size and forecast 2017-2022
• Americas – Market size and forecast 2017-2022
• Key leading countries
• Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 12: MARKET TRENDS
• Development of supergrid
• Growing focus on energy efficiency
• Growing investment in T&D infrastructure
PART 13: VENDOR LANDSCAPE
• Overview
• Landscape disruption
• Competitive scenario
PART 14: VENDOR ANALYSIS
• Vendors covered
• Vendor classification
• Market positioning of vendors
• ABB
• BHEL
• GE Power
• Mitsubishi Electric
• Siemens
• TOSHIBA
PART 15: ABBREVIATION
• List of abbreviations
?
Exhibit 01: Parent market
Exhibit 02: Global T&D market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2017
Exhibit 07: Validation techniques employed for market sizing 2017
Exhibit 08: Global HVDC converter stations market – Market size and forecast 2017-2022 ($ mn)
Exhibit 09: Major HVDC markets
Exhibit 10: Right of way comparison for approximately 2 GW
Exhibit 11: Relative cost of 2,000 MW AC and DC transmission
Exhibit 12: Global HVDC converter stations market – Year over year growth 2018-2022 (%)
Exhibit 13: Five forces analysis 2017
Exhibit 14: Five forces analysis 2022
Exhibit 15: Bargaining power of buyers
Exhibit 16: Bargaining power of suppliers
Exhibit 17: Threat of new entrants
Exhibit 18: Threat of substitutes
Exhibit 19: Threat of rivalry
Exhibit 20: Market condition - Five forces 2017
Exhibit 21: Global HVDC converter stations market by technology – Market share 2017-2022 (%)
Exhibit 22: Comparison by technology
Exhibit 23: Global HVDC converter stations market by LCC– Market size and forecast 2017-2022 ($ mn)
Exhibit 24: Global HVDC converter stations market by LCC – Year over year growth 2018-2022 (%)
Exhibit 25: Global HVDC converter stations market by VSC – Market size and forecast 2017-2022 ($ mn)
Exhibit 26: Global HVDC converter stations market by VSC – Year over year growth 2018-2022 (%)
Exhibit 27: Market opportunity by technology
Exhibit 28: Customer landscape
Exhibit 29: Global HVDC converter stations market by region – Market share 2017-2022 (%)
Exhibit 30: Regional comparison
Exhibit 31: HVDC converter stations market in APAC – Market size and forecast 2017-2022 ($ mn)
Exhibit 32: HVDC converter stations market in APAC – Year over year growth 2018-2022 (%)
Exhibit 33: HVDC converter stations market in EMEA – Market size and forecast 2017-2022 ($ mn)
Exhibit 34: HVDC converter stations market in EMEA – Year over year growth 2018-2022 (%)
Exhibit 35: HVDC converter stations market in Americas – Market size and forecast 2017-2022 ($ mn)
Exhibit 36: HVDC converter stations market in Americas – Year over year growth 2018-2022 (%)
Exhibit 37: Key leading countries
Exhibit 38: Market opportunity
Exhibit 39: Average distance of wind farm from shore (1991-2016)
Exhibit 40: Benefits of interconnected systems
Exhibit 41: Benefits of distribution generation
Exhibit 42: Countries with energy-efficiency targets and policies 2015
Exhibit 43: Global cumulative energy-efficiency investments 2014-2035 (%)
Exhibit 44: Global investments in electricity networks, 2000-2016 ($ billions)
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: ABB overview
Exhibit 51: ABB – Business segments
Exhibit 52: ABB – Organizational developments
Exhibit 53: ABB – Geographic focus
Exhibit 54: ABB – Segment focus
Exhibit 55: ABB – Key offerings
Exhibit 56: BHEL overview
Exhibit 57: BHEL – Business segments
Exhibit 58: BHEL – Organizational developments
Exhibit 59: BHEL – Geographic focus
Exhibit 60: BHEL – Segment focus
Exhibit 61: BHEL – Key offerings
Exhibit 62: GE Power overview
Exhibit 63: GE Power – Business segments
Exhibit 64: GE Power – Organizational developments
Exhibit 65: GE Power – Geographic focus
Exhibit 66: GE Power* – Segment focus
Exhibit 67: GE Power – Key offerings
Exhibit 68: Mitsubishi Electric overview
Exhibit 69: Mitsubishi Electric – Business segments
Exhibit 70: Mitsubishi Electric – Organizational developments
Exhibit 71: Mitsubishi Electric – Segment focus
Exhibit 72: Mitsubishi Electric – Geography focus
Exhibit 73: Mitsubishi Electric – Key offerings
Exhibit 74: Siemens overview
Exhibit 75: Siemens – Business segments
Exhibit 76: Siemens – Organizational developments
Exhibit 77: Siemens – Geographic focus
Exhibit 78: Siemens – Segment focus
Exhibit 79: Siemens – Key offerings
Exhibit 80: TOSHIBA overview
Exhibit 81: TOSHIBA – Business segments
Exhibit 82: TOSHIBA – Organizational developments
Exhibit 83: TOSHIBA – Geographic focus
Exhibit 84: TOSHIBA – Segment focus
Exhibit 85: TOSHIBA – Key offerings
