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Global HVDC Converter Stations Market to Grow by $ 3.36 Billion During 2020-2024 | Featuring ABB Ltd., Alstom Holdings SA, and Bharat Heavy Electricals Ltd. among others | Technavio

December 15, 2020 GMT

LONDON--(BUSINESS WIRE)--Dec 15, 2020--

Technavio estimates the global HVDC converter stations market to grow by USD 3.36 billion, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global HVDC Converter Stations Market 2020-2024 (Graphic: Business Wire)

The market is driven by the increase in global power demand. However, the ongoing slowdown in the Chinese economy might challenge growth.

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HVDC Converter Stations Market: Technology Landscape

Based on technology, the market saw maximum growth in the LCC segment in 2019. The segment is driven by the increased use of LCC HVDC converter stations from underground and submarine connection applications. The market growth in the segment will be significant over the forecast period.

HVDC Converter Stations Market: Geography Landscape

74% of the market’s growth originated from APAC in 2019. The increasing emphasis on renewable energy is one of the key factors fueling the growth of the HVDC converter stations market in APAC.

China and India are the key markets for HVDC converter stations in APAC.

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Major Three HVDC converter stations Market Vendors:

ABB Ltd.

ABB Ltd. operates its business through segments such as Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other. The company builds HVDC converter stations such as 800 kV HVDC.

Alstom Holdings SA

Alstom Holdings SA operates its business through segments such as Rolling Stock, Signalling solutions, Integrated systems, and Services. The company builds HVDC converter stations such as 800 kV and 600kV HVDC.

Bharat Heavy Electricals Ltd.

Bharat Heavy Electricals Ltd. operates its business through segments such as Power and Industry. The company builds HVDC converter stations such as 500 kV HVDC.

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Related Reports on Industrials Include:

Global Power Transmission Lines and Towers Market – Global power transmission lines and towers market is segmented by type (HVAC and HVDC) and geography (APAC, Europe, North America, MEA, and South America). Get a free sample report to know more

Global Power Tool Accessories Market – Global power tool accessories market is segmented by end-user (professional and consumer) and geographic landscape (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201214005860/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD: CHINA INDIA ASIA PACIFIC

INDUSTRY KEYWORD: OTHER ENERGY UTILITIES ALTERNATIVE ENERGY ENERGY OTHER CONSTRUCTION & PROPERTY TECHNOLOGY CONSTRUCTION & PROPERTY OTHER MANUFACTURING OTHER TRANSPORT ENGINEERING TRANSPORT MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 12/15/2020 12:00 AM/DISC: 12/15/2020 12:00 AM

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