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Global High Voltage Direct Current (HVDC) Cable Market Research Report 2022 - Market Size, Current Insights and Development Trends

High Voltage Direct Current (HVDC) power is fast gaining popularity and increased adoption ever since the first test line was developed in Sweden more than seventy years ago. Since then, major technological changes and cutting-edge research has taken place the world over to refine the HVDC VSC technology. As it is rightly said, necessity is the mother of invention, and this new technology was long overdue because of the inherent drawbacks of the conventional AC grid. The status quo in power transmission has been challenged by major developments in the market such as increased generation of power by renewable energy, new requirements from the power market and the deteriorating environmental impact. However, the new HVDC technology based on the Voltage Source Converter (VSC) is an attractive way of transmitting electricity that can overcome all the challenges listed above. The HVDC VSC technology for transmission gives independent control of active and reactive power and the reaction time for response in cases where it is needed is also fast. In addition, future technological developments have ensured that power transmission companies capitalise on the advantages this technology offers and eliminate the drawbacks such as high losses. The report focuses on the High Voltage Direct Current (HVDC) Cable market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the High Voltage Direct Current (HVDC) Cable market. Major Players in the High Voltage Direct Current (HVDC) Cable market are: American Superconductor Corp. Siemens AG Prysmian Group ABB Ltd. Sumitomo Electric industries, Ltd. Mitsubishi Electric Corporation HVDC Technologies Ltd Engineering Co., Ltd. C-EPRI Electric Power NKT A/S Nexans SA Hitachi Ltd. Schneider Electric Toshiba Corporation General Electric Co. NR Electric Co., Ltd. On the basis of types, the High Voltage Direct Current (HVDC) Cable market is primarily split into: Up to 500 MW Between 501 mW-2,000 MW Above 2,001 MW On the basis of applications, the market covers: HVDC component suppliers Electricity/power transmission companies Power grids suppliers Electricity/power generating companies Others Major Regions or countries covered in this report: United States Europe China Japan India Southeast Asia Latin America Middle East and Africa Others Years considered for this report: Historical Years: 2017-2021 Base Year: 2021 Estimated Year: 2022 Forecast Period: 2022-2029
Table of Content 1 High Voltage Direct Current (HVDC) Cable Market Overview 1.1 Product Overview and Scope of High Voltage Direct Current (HVDC) Cable Market 1.2 High Voltage Direct Current (HVDC) Cable Market Segment by Type 1.2.1 Global High Voltage Direct Current (HVDC) Cable Market Sales and CAGR (%) Comparison by Type (2017-2029) 1.3 Global High Voltage Direct Current (HVDC) Cable Market Seg
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About this Report
Report ID 552693
Category
  • Materials
Published on 17-Nov
Number of Pages 120
Publisher Name Maia Research Reports
Editor Rating
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