Global HVDC Transmission Market - Alice Springs

Thursday, 15 October 2020

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City: Alice Springs, Northern Territory
Offer type: Offer
Price: $4,100


Contact name pallavivn

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Global HVDC Transmission Market was valued at US$ 7.2Bn in 2019 and is expected to reach US$ 13.5Bn by 2027, at a CAGR of 8.17% during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Major driving factorof global HVDC transmission market growth are optimum solutions for long distance transmission, increasing demand for VSC technology, change toward renewable strength, and supportive management policies and creativities for HVDC transmission. Still, the high cost of installing HVDC transmission systems is the main restraint for the growth of the market.

Based on the application segment, HVDC systems are preferred for sending bulk power across long distances, with less power losses. Thefundamentalknowledge valuable for overcoming an important problem connected with renewable energy generation, collecting points for which are seldom located near the population centers that need them. HVDC is sensible, which results in advanced efficiency, lesser conductor, no responsive power reward, and furtherconstant and reliable operations than acorresponding high voltage alternating current (HVAC) system transmitting the same amount of power.

On the basis of project type segment, the global HVDC transmission market for multi-terminal is estimated to witness the highest CAGR. Multi-terminal HVDC systems connect non-synchronous control systems and offer flexibility in switching power between 3 or more converter stations. Multi-terminal HVDC systems are one of the cost-effective ways to collective large amounts of renewable energies through HVDC land cables, sea cables, or overhead lines on one side, and connect the collected energy to the main AC system through a common DC network.
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