Global HVDC Transmission Systems Market Analysis, Growth, Trends & Forecast 2018-2023 – ResearchAndMarkets.com

The "Global HVDC Transmission Systems Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

High-Voltage Direct Current (HVDC) transmission technology is a crucial technology, with the potential to disrupt the power transmission landscape of the world. This technology is at the forefront of the emerging "smart grid" revolution, and has emerged as an economically-viable solution for bulk and long-distance power transmission.

The EU power generation mix is expected to change considerably in favor of renewables over the next few years, with countries increasingly moving toward low carbon economy. The European Union has several policies in place, such as the EU's Renewable energy directive and national renewable energy action plans that support the transition to a low carbon energy system. Offshore wind power remains heavily concentrated in a small number of countries in the European region, with the majority (approx. 98%) of it in the United Kingdom, Germany, Denmark, the Netherlands, and Belgium.

With increasing integration of renewable energy sources, and growing need to enhance the security of supply, HVDC grid technology is expected to evolve in the region. Moreover, increasing investments in offshore wind industry, solar photovoltaic, grid expansion, and energy storage projects, as well as the implementation of smart energy infrastructure will be necessary for the country to balance the fluctuating supply of renewable sources, thereby, increasing the scope for HVDC transmission systems.

Australia, a vast continent with low population density, is a net energy self-sufficient country rich in energy resources, from fossil-based to renewable energy. Although coal and natural gas account for major share of electricity generation in Australia, the country plans to retire approximately 63% of the existing coal generation fleet by 2036. Furthermore, Australia has signed numerous environment agreements, such as the COP 21 Paris agreement, to increase the share of renewables in its energy generation mix.

Companies Mentioned

• ABB
• Siemens AG
• C-EPRI Electric Power Engineering Co. Ltd
• General Electric
• Toshiba Corporation
• Mitsubishi Electric Corporation
• Prysmian Group

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Force Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/2z4pzp/global_hvdc?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180528005105/en/