“HVDC transmission system is basically environment-friendly because improved energy transmission possibilities contribute to a more efficient utilization of existing power plants. The ever increasing demand of electricity has laid enormous pressures on the present infrastructure of the power generation capacity. HVDC systems can transmit more electrical power over longer distances than a similar alternating current (AC) transmission system, which means fewer transmission lines are needed, saving both money and land. Beside power generation, transmission loss is also of the main worries as huge transmission losses are being incurred by the present AC transmission. Hence, HVDC transmission becomes an interesting preposition across the globe due to its lower transmission losses, asynchronous interconnection and the capability to deliver bulk power for long distance transmission.
The HVDC market is growing rapidly and has become an important part of many transmission grids. HVDC transmission systems form an integral part of the electrical power system to improve the overall stability and reliability. Further advancement in converter technologies such as power semiconductors has added new dimension in HVDC transmission, which encapsulates underground, offshore and voltage-stabilization applications. These applications have pushed further demand for the HVDC transmission.
HVDC transmission systems offer the best technical and economical long distance transmission solutions, integrating renewable generation, and stabilizing power networks. With its inherent technical properties and superior ability of control, HVDC transmission is a key component in the future energy system based on renewable energy sources. HVDC transmission is used for connecting offshore wind farms which are often placed far out at sea, because the wind conditions are more advantageous at such locations. If the distance to the grid on land exceeds a certain stretch, the only possible solution is use of HVDC – due to the technology’s low losses. HVDC has the ability to carry high voltage power over long distances with low transmission loss. It is believed that wind application will be dominant factor that will impact the HVDC transmission market the most.
The report showcases a detailed breakdown of the HVDC transmission market by the technology, configuration, component, applications, power rating and geographies. In the report, different technologies are discussed are line commutated converters and voltage source converters. The configuration includes back to back, monopolar, bipolar and multi-terminal. The HVDC’s component comprises of Thyristor, surge arrester, converter transformer, smoothing reactors, DC transmission circuit, harmonic filters, control and protection. The power rating market is categorized into below 500 MW, 501 MW – 1000 MW, 1001 MW – 1500, 1501 MW-2000 MW, above 2000 MW.
Some of the major companies dominating the global HVDC market are ABB (Switzerland) Siemens (Germany), Alstom (France), Toshiba (Japan), and others. ABB (Switzerland) and Siemens (Germany) are the key players of power generation and transmission market and it is found that these companies covers more than 80% of the overall market share in the HVDC transmission market.
”
“TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEAR CONSIDERATION
1.4 CURRENCY
1.5 LIMITATION
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 INTRODUCTION
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 FACTOR ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE ANALYSIS
2.2.2.1 Reduce energy costs
2.2.2.2 Increase in Wind Power Capacity
2.2.2.3 De-Carbonization of Power System
2.2.3 SUPPLY-SIDE ANALYSIS
2.2.3.1 Extruded HVDC cable systems
2.2.3.2 Bulk power transmission at extra high voltages
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.5.1 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE HVDC TRANSMISSION MARKET
4.2 HVDC TRANSMISSION TECHNOLOGY SEGMENT
4.3 HVDC TRANSMISSION MARKET IN ASIA-PACIFIC
4.4 APAC DOMINATED HVDC MARKET
4.5 HVDC TRANSMISSION MARKET: TECHNOLOGIES (2020)
4.6 HVDC TRANSMISSION MARKET: DEVELOPED VS. DEVELOPING REGIONS
4.7 HVDC TRANSMISSION MARKET: TECHNOLOGY(2020)
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.2.1 BY TECHNOLOGY
5.2.2 BY CONFIGURATION
5.2.3 BY COMPONENT
5.2.4 BY APPLICATION
5.2.5 BY POWER RATING
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Need for advance HVDC control in power systems
5.3.1.2 Growing demand to reduce transmission losses in power systems
5.3.1.3 Rising government mandates in HVDC power transmission
5.3.1.4 High investment in Offshore wind transmission infrastructure
5.3.2 RESTRAINTS
5.3.2.1 High cost of installation in HVDC transmission systems
5.3.2.2 Lack of standardization in the HVDC transmission system
5.3.3 OPPORTUNITIES
5.3.3.1 Growing need for integrated networks
5.3.3.2 High-tech power grids expected to lead to power sharing among neighboring nations
5.3.4 CHALLENGE
5.3.4.1 Increasing interoperability among the neighboring networks
5.3.5 BURNING ISSUE
5.3.5.1 De-carbonization of power systems
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 PORTER’S FIVE FORCES ANALYSIS
6.3.1 THREAT FROM NEW ENTRANTS
6.3.2 THREAT FROM SUBSTITUTES
6.3.3 BARGAINING POWER OF SUPPLIERS
6.3.4 BARGAINING POWER OF BUYERS
6.3.5 INTENSITY OF COMPETITIVE RIVALRY
6.4 STRATEGIC BENCHMARKING
6.4.1 NEW CONTRACTS AND PRODUCT LAUNCHES IN THE HVDC TRANSMISSION MARKET
7 MARKET BY TECHNOLOGY
7.1 INTRODUCTION
7.2 LINE COMMUTATED CONVERTER (LCC)
7.2.1 COMPONENTS OF LCC HVDC SYSTEM
7.2.2 SIGNIFICANCE OF LINE COMMUTATED CONVERTER
7.3 CAPACITOR COMMUTATED CONVERTER (CCC)
7.3.1 FUNCTIONS OF CCC
7.3.2 SIGNIFICANCE OF CAPACITOR COMMUTATED CONVERTER
7.4 VOLTAGE SOURCE CONVERTER (VSC)
7.4.1 COMPONENTS OF VSC
7.4.2 ADVANTAGES OF VSC-BASED CONVERTER
7.5 COMPARISION OF LCC & VSC
7.6 COMPARISION OF HVDC & HVAC
8 MARKET BY CONFIGURATION
8.1 INTRODUCTION
8.2 BACK TO BACK (BTB)
8.2.1 IMPORTANCE OF BACK TO BACK CONFIGURATION
8.3 MONOPOLAR
8.3.1 IMPORTANCE OF MONOPOLAR CONFIGURATION
8.4 BIPOLAR
8.4.1 ADVANTAGES OF BIPOLAR CONFIGURATION
8.5 MULTI-TERMINAL
8.5.1 ADVANTAGES OF BIPOLAR CONFIGURATION
9 MARKET BY COMPONENTS
9.1 INTRODUCTION
9.2 THYRISTOR VALVES
9.3 CONVERTER TRANSFORMER
9.4 SMOOTHING REACTOR
9.5 SURGE ARRESTER
9.6 HARMONIC FILTERS
9.7 DC TRANSMISSION CIRCUIT
9.7.1 DC TRANSMISSION LINE
9.7.2 DC CABLE
9.7.3 HIGH SPEED DC SWITCHES
9.7.4 EARTH ELECTRODE
9.8 DC BREAKER
9.9 CONTROL & PROTECTION
10 MARKET BY APPLICATION
10.1 INTRODUCTION
10.2 UNDERGROUND POWER LINKS
10.3 POWERING ISLAND AND REMOTE LOADS
10.4 CONNECTING WIND FARMS
10.5 INTERCONNECTING NETWORKS
10.6 OIL & GAS OFFSHORE
11 MARKET BY POWER RATING
11.1 INTRODUCTION
11.2 BELOW 500 MW
11.3 501 MW-1000 MW
11.4 1001 MW-1500 MW
11.5 1501 MW-2000 MW
11.6 ABOVE 2001 MW
12 MARKET BY GEOGRAPHY
12.1 INTRODUCTION
12.2 AMERICAS
12.2.1 U.S.
12.2.2 CANADA
12.2.3 MEXICO
12.3 EUROPE
12.3.1 U.K
12.3.2 GERMANY
12.3.3 RUSSIA
12.3.4 FRANCE
12.3.5 OTHERS
12.4 ASIA-PACIFIC
12.4.1 CHINA
12.4.2 JAPAN
12.4.3 INDIA
12.4.4 SOUTH KOREA
12.4.5 OTHERS
12.5 ROW
12.5.1 LATIN AMERICA
12.5.2 MIDDLE EAST
12.5.3 AFRICA
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 MARKET SHARE ANALYSIS, HVDC TRANSMISSION MARKET
13.3 COMPETITIVE SITUATION AND TRENDS
13.4 NEW PRODUCT LAUNCHES
13.4.1 PARTNERSHIPS, CONTRACTS, AGREEMENTS, JOINT VENTURES, & COLLABORATIONS
13.4.2 MERGERS AND ACQUISITIONS
13.4.3 OTHER DEVELOPMENTS
14 COMPANY PROFILES
(Overview, Products and Services, Financials, Strategy & Development)*
14.1 INTRODUCTION
14.2 ABB LTD.
14.3 ALSTOM SA
14.4 AECOM
14.5 GENERAL ELECTRIC CO.
14.6 HITACHI LTD.
14.7 NATIONAL GRID
14.8 SCHNEIDER ELECTRIC
14.9 SIEMENS AG.
14.10 TOSHIBA CORPORATION
14.11 TRANSGRID SOLUTIONS
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.
15 APPENDIX
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
“
“LIST OF TABLES
TABLE 1 GROWING DEMAND TO REDUCE TRANSMISSION LOSSES IN POWER SYSTEMS IS PROPELLING THE GROWTH OF THE HVDC TRANSMISSION MARKET
TABLE 2 THE HIGH INITIAL COST IN HVDC TRANSMISSSION SYSTEMS EXPECTED TO AFFECT THE GROWTH OF THE MARKET
TABLE 3 THE HIGH INITIAL COST IS LOWERING THE GROWTH OF THE HVDC CAPACITOR MARKET
TABLE 4 QUANTIFICATION OF THE PORTER’S FIVE FORCES ANALYSIS
TABLE 5 HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 6 HVDC LLC MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 7 HVDC LLC MARKET, BY APPLICATION, 2013-2020 ($BILLION)
TABLE 8 HVDC LLC MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 9 HVDC LLC MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 10 HVDC VSC MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 11 HVDC VSC MARKET, BY APPLICATION, 2013-2020 ($BILLION)
TABLE 12 HVDC VSC MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 13 HVDC VSC MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 14 COMPARISION OF LCC & VSC
TABLE 15 HVDC VS HVAC
TABLE 16 HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 17 HVDC TRANSMISSION BACK- TO- BACK CONFIGURATION MARKET, BY APPLICATION, 2013-2020 ($BILLION)
TABLE 18 HVDC TRANSMISSION BACK-TO-BACK CONFIGURATION MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 19 HVDC TRANSMISSION BACK-TO-BACK CONFIGURATION MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 20 HVDC TRANSMISSION MONOPOLAR CONFIGURATION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 21 HVDC TRANSMISSION MONOPOLAR CONFIGURATION MARKET, BY APPLICATION, 2013-2020 ($BILLION)
TABLE 22 HVDC TRANSMISSION MONOPOLAR CONFIGURATION MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 23 HVDC TRANSMISSION MONOPOLAR CONFIGURATION MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 24 HVDC TRANSMISSION BIPOLAR CONFIGURATION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 25 HVDC TRANSMISSION BIPOLAR CONFIGURATION MARKET, BY APPLICATION, 2013-2020 ($BILLION)
TABLE 26 HVDC TRANSMISSION BIPOLAR CONFIGURATION MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 27 HVDC TRANSMISSION BIPOLAR CONFIGURATION MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 28 HVDC TRANSMISSION MULTI-TERMINAL CONFIGURATION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 29 HVDC TRANSMISSION MULTI-TERMINAL CONFIGURATION MARKET, BY APPLICATION, 2013-2020 ($BILLION)
TABLE 30 HVDC TRANSMISSION MULTI-TERMINAL CONFIGURATION MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 31 HVDC TRANSMISSION MULTI-TERMINAL CONFIGURATION MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 32 HVDC TRANSMISSION MARKET, BY COMPONENT, 2013-2020 ($BILLION)
TABLE 33 FEATURES OF CONVERTER TRANSFORMER
TABLE 34 FEATURES OF SMOOTHING REACTOR
TABLE 35 FEATURES OF DC BREAKER
TABLE 36 HVDC TRANSMISSION MARKET, BY APPLICATION, 2013-2020 ($MILLION)
TABLE 37 HVDC TRANSMISSION FOR UNDERGROUND POWER LINK MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 38 HVDC TRANSMISSION FOR UNDERGROUND POWER LINK MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 39 HVDC TRANSMISSION FOR UNDERGROUND POWER LINK MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 40 HVDC TRANSMISSION FOR UNDERGROUND POWER LINK MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION
TABLE 41 HVDC TRANSMISSION POWERING ISLAND & REMOTE LOADS MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 42 HVDC TRANSMISSION POWERING ISLAND & REMOTE LOADS MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 43 HVDC TRANSMISSION POWERING ISLAND & REMOTE LOADS MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 44 HVDC TRANSMISSION POWERING ISLAND & REMOTE LOADS MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 45 ADVANTAGES OF CONECTING WIND FARMS APPLICATION
TABLE 46 HVDC TRANSMISSION FOR CONNECTING WIND FARMS MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 47 HVDC TRANSMISSION FOR CONNECTING WIND FARMS MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 48 HVDC TRANSMISSION FOR CONNECTING WIND FARMS MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 49 HVDC TRANSMISSION FOR CONNECTING WIND FARMS MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 50 HVDC TRANSMISSION FOR INTERCONNECTING NETWORKS MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 51 HVDC TRANSMISSION FOR INTERCONNECTING NETWORKS MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 52 HVDC TRANSMISSION FOR INTERCONNECTING NETWORKS MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 53 HVDC TRANSMISSION FOR INTERCONNECTING NETWORKS MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 54 HVDC TRANSMISSION FOR OIL & GAS OFFSHORE MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 55 HVDC TRANSMISSION FOR OIL & GAS OFFSHORE MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 56 HVDC TRANSMISSION FOR OIL & GAS OFFSHORE MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 57 HVDC TRANSMISSION FOR OIL & GAS OFFSHORE MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 58 HVDC TRANSMISSION MARKET, BY POWER RATING, 2013-2020 ($BILLION)
TABLE 59 BELOW 500 MW:HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 60 BELOW 500 MW:HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 61 BELOW 500 MW:HVDC TRANSMISSION MARKET, BY COMPONENT, 2013-2020 ($BILLION)
TABLE 62 501 MW – 1000 MW:HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 63 501 MW – 1000 MW:HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 64 501 MW – 1000 MW:HVDC TRANSMISSION MARKET, BY COMPONENT, 2013-2020 ($BILLION)
TABLE 65 1001 MW – 1500 MW:HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 66 1001 MW – 1500 MW:HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 67 1001 MW – 1500 MW:HVDC TRANSMISSION MARKET, BY COMPONENT, 2013-2020 ($BILLION)
TABLE 68 1501 MW – 2000 MW:HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 69 1501 MW – 2000 MW:HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 70 1501 MW – 2000 MW:HVDC TRANSMISSION MARKET, BY COMPONENT, 2013-2020 ($BILLION)
TABLE 71 ABOVE 2000 MW:HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 72 ABOVE 2000 MW: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 73 ABOVE 2000 MW:HVDC TRANSMISSION MARKET, BY COMPONENT, 2013-2020 ($BILLION)
TABLE 74 HVDC TRANSMISSION MARKET, BY GEOGRAPHY, 2013-2020 ($BILLION)
TABLE 75 NORTH AMERICA: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 76 NORTH AMERICA: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 77 HVDC TRANSMISSION PROJECTS IN THE AMERICAS
TABLE 78 HVDC TRANSMISSION PROJECTS IN EUROPE
TABLE 79 EUROPE: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 80 EUROPE: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 81 HVDC TRANSMISSION PROJECTS IN ASIA-PACIFIC
TABLE 82 APAC: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 83 APAC: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 84 ROW: HVDC TRANSMISSION MARKET, BY TECHNOLOGY, 2013-2020 ($BILLION)
TABLE 85 ROW: HVDC TRANSMISSION MARKET, BY CONFIGURATION, 2013-2020 ($BILLION)
TABLE 86 HVDC TRANSMISSION PROJECTS IN AFRICA
TABLE 87 NEW PRODUCT LAUNCHES, 2012–2014
TABLE 88 PARTNERSHIPS, CONTRACTS, AGREEMENTS AND JOINT VENTURES
TABLE 89 MERGERS AND ACQUISIT IONS
TABLE 90 OTHER DEVELOPMENTS
“
“LIST OF FIGURES
FIGURE 1 HVDC TRANSMISSION MARKET, BY COMPONENT
FIGURE 2 RESEARCH METHODOLOGY
FIGURE 3 AVERAGE COST OF FOSSIL FUELS FOR THE ELECTRIC POWER INDUSTRY (2008-2012)
FIGURE 4 GLOBAL INSTALLED WIND POWER CAPACITY (MW) ACROSS REGIONS
FIGURE 5 EFFECT OF EXTRUDED HVDC CABLE SYSTEMS
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 8 ASSUMPTIONS OF THE RESEARCH STUDY
FIGURE 9 POWER RATING MARKET SNAPSHOT (2014 VS 2020): MARKET FOR ABOVE 2000 POWER RATING IS EXPECTED TO DOUBLE DURING THE FORECAST PERIOD
FIGURE 10 CONFIGURATION MARKET DNSPSHOT (2013 VS 2020): MARKET FOR BIPOLAR LONG DISTANCE IS EXPECTED TO DOUBLE DURING THE FORECAST PERIOD
FIGURE 11 HVDC TRANSMISSION MARKET, BY APPLICATION, 2014
FIGURE 12 HVDC TRANSMISSION MARKET SHARE, 2014
FIGURE 13 BOOMING OPPORTUNITIES IN THE HVDC TRANSMISSION MARKET
FIGURE 14 VOLTAGE SOURCE CONVERTER TO GROW AT A FASTER RATE IN THE HVDC TRANSMISSION MARKET
FIGURE 15 INTERCONNECTING NETWORKS TO HOLD THE MAXIMUM SHARE IN THE EMERGING ASIA-PACIFIC MARKET
FIGURE 16 APAC COMMANDS OVER ONE-THIRD OF THE MARKET SHARE
FIGURE 17 INDUCTIVE TECHNOLOGY WOULD CONTINUE TO DOMINATE THE NORTH AMERICAN MARKET
FIGURE 18 APAC IS EXPECTED TO DOMINATE HVDC TRANSMISSION MARKET BY 2020
FIGURE 19 VOLTAGE SOURCE CONVERTER HAS A PROMISING FUTURE IN THE EMERGING ECONOMIES OF THE APAC REGION
FIGURE 20 MARKET SEGMENTATION: BY TECHNOLOGY
FIGURE 21 MARKET SEGMENTATION: BY CONFIGURATION
FIGURE 22 MARKET SEGMENTATION: BY COMPONENT
FIGURE 23 MARKET SEGMENTATION: BY APPLICATION
FIGURE 24 MARKET SEGMENTATION:BY POWER RATING
FIGURE 25 RISING NEED FOR INTEGRATED NETWORKS EXPECTED TO LEAD TO NEW GROWTH OPPORTUNITIES IN THE HVDC MARKET
FIGURE 26 VALUE CHAIN ANAYLYSIS (2013): MAJOR VALUE IS ADDED DURING THE GENERATION & TRANMISSION PHASE
FIGURE 27 PORTER’S FIVE FORCES ANALYSIS
FIGURE 28 PORTER’S FIVE FORCES’ ANALYSIS OF THE HVDC TRANSMISSSION MARKET
FIGURE 29 THREAT FROM NEW ENTRANTS
FIGURE 30 THREAT FROM SUBSTITUTES
FIGURE 31 BARGAINING POWER OF SUPPLIERS
FIGURE 32 BARGAINING POWER OF BUYERS
FIGURE 33 INTENSITY OF COMPETITIVE RIVALRY
FIGURE 34 TECHNOLOGY INTEGRATION AND PRODUCT ENHANCEMENT OF KEY PLAYERS
FIGURE 35 HVDC TRANMISSION MARKET, BY TECHNOLOGY
FIGURE 36 VSC IS EXPECTED TO DOMINATE THE HVDC TRANSMIISSION TECHNOLOGY MARKET, BY 2020
FIGURE 37 BIPOLAR CONFIGURATION LIKELY TO WITNESS THE HIGHEST GROWTH IN THE HVDC LCC MARKET
FIGURE 38 CONNECTING WIND FARMS APPLICATIONS IS EXPECTED TO GROW AT A FASTER RATE BY 2020, IN THE HVDC LCC MARKET
FIGURE 39 DEVELOPMENT OF POWER INFRASTRUCTURE IS FUELING THE GROWTH OF THE HVDC LCC MARKET IN APAC
FIGURE 40 BIPOLAR CONFIGURATION IS ESTIMATED TO HAVE THE LARGETS SHARE IN THE HVDC VSC MARKET, BY 2020
FIGURE 41 ABOVE 2001 MW POWER RATING IS PROJECTED TO HAVE THE HIGHEST SHARE IN HVDC VSC MARKET, BY 2020
FIGURE 42 APAC IS EXPECTED TO DOMINATE THE HVDC VSC MARKET TILL 2020, DUE TO HUGE INVESTMENTS IN POWER INFRASTRUCTURE
FIGURE 43 MULTI-TERMINAL CONFIGURATION IS EXPECTED TO REGISTER THE HIGHEST GROWTH IN THE HVDC TRANSMISSION MARKET
FIGURE 44 CONFIGURATIONS OF CONVERTERS
FIGURE 45 VARIOUS TYPES OF CONFIGURATIONS
FIGURE 46 BACK TO BACK CONFIGURATION CIRCUIT DIAGRAM
FIGURE 47 VSC TECHNOLOGY IS ESTIMATED TO GROW FASTER THAN LCC IN THE HVDC BACK-TO-BACK CONFIGURATION
FIGURE 48 RELIABILITY OF POWER TRANSMISSION IS DRIVING THE GROWTH OF INTERCONNECTING NETWORKS IN THE BACK-TO-BACK CONFIGURATION MARKET
FIGURE 49 APAC IS EXPECTED TO HAVE THE LARGEST SHARE IN THE HVDC BACK-TO-BACK CONFIGURATION MARKET, BY 2020
FIGURE 50 MONOPOLAR LINK CONFIGURATION
FIGURE 51 INTERCONNECTING NETWORKS APPLICATION LIKELY TO WITNESS THE HIGHEST GROWTH IN THE HVDC MONOPOLAR CONFIGURATION MARKET
FIGURE 52 1501 MW – 2000 MW POWER RATING IS EXPECTED TO MATURE AT A FASTER RATE IN THE HVDC MONOPOLAR CONFIGURATION MARKET
FIGURE 53 BIPOLAR LINK CONFIGURATION
FIGURE 54 VSC TECHNOLOGY IS LIKELY TO DOMINATE THE HVDC BIPOLAR CONFIGURATION MARKET
FIGURE 55 ABOVE 2001 MW POWER RATING ACCOUNTED FOR THE LARGEST SHARE IN 2014 AND IS EXPECTED TO DOMINATE THE MARKET BY 2020
FIGURE 56 APAC ACCOUNTED FOR THE LARGEST SHARE IN HVDC BIPOLAR CONFIGURATION MARKET IN 2013
FIGURE 57 MULTI TERMINAL LINK
FIGURE 58 DUE TO THE EMPHASIS ON THE REDUCTION OF CO2 EMISSION CONNECTING WIND FARM APPLICATION IS EXPECTED TO GROW FASTER, BY 2020
FIGURE 59 EUROPE IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE IN THE MULTI-TERMINAL CONFIGURATION MARKET
FIGURE 60 MARKET BY COMPONENTS
FIGURE 61 DC TRANSMISSION CIRCUIT IS EXPECTED TO HAVE THE LARGEST SHARE IN THE HVDC TRANSMISSION COMPONENTS MARKET, BY 2020
FIGURE 62 TYPES OF SURGE ARRESTER
FIGURE 63 TYPES OF APPLICATIONS
FIGURE 64 INTERCONNECTING WIND FARMS WOULD CONTINUE TO DOMINATE THE HVDC APPLICATION MARKET BY 2020
FIGURE 65 DEVELOPMENT OF IGBT AND SWITCHING DEVICES IS THE KEY FACTOR BEHIND THE GROWTH OF VSC TECHNOLOGY IN UNDERGROUND POWER LINK
FIGURE 66 HIGH POWER RATING PROJECTS OF ABOVE 2001 MW ARE DRIVING THE MARKET FOR UNDERGROUND POWER LINK APPLICATION
FIGURE 67 INCREASING DEMAND FOR ADVANCED INFRASTRUCTURE TECHNOLOGY IS DRIVING THE MARKET FOR UNDERGROUND POWER LINK APPLICATION IN APAC
FIGURE 68 BIPOLAR CONFIGURATION IS EXPECTED TO DOMINATE THE MARKET FOR POWERING ISLAND AND REMOTE LOADS APPLICATION, BY 2020
FIGURE 69 EUROPE IS ESTIMATED TO WITNESS THE HIGHEST GROWTH IN POWERING ISLAND AND REMOTE APPLICATION, BY 2020
FIGURE 70 BIPOLAR CONFIGURATION LIKELY TO DOMINATE THE HVDC TRANSMISSION FOR CONNECTING WIND FARMS MARKET, BETWEEN 2013 AND 2020
FIGURE 71 ABOVE 2001 MW IS ESTIMATED TO WITNESS THE HIGHEST GROWTH IN HVDC TRANSMISSION FOR CONNECTING WIND FARMS, BY 2020
FIGURE 72 VSC IS PROJECTED TO DOMINATE THE HVDC TRANSMISSION FOR INTERCONNECTING NETWORKS MARKET, BY 2020
FIGURE 73 THE MARKET FOR ABOVE 2001 MW FOR LONG DISTANCE TRANSMISSION IS EXPECTED TO WITNESS THE HIGHEST GROWTH
FIGURE 74 POWER TRADING IN THE APAC REGION IS LEADING TO THE GROWTH IN INTERCONNECTION NETWORKS
FIGURE 75 VSC TECHNOLOGY LIKELY TO DOMNIATE THE HVDC TRANSMISSION FOR OIL & GAS OFFSHORE MARKET, BY 2020
FIGURE 76 MULTI-TERMINAL CONFIGURATION IS EXPECTED TO WITNESS THE HIGHEST GROWTH IN THE HVDC TRANSMISSION FOR OIL & GAS OFFSHORE MARKET
FIGURE 77 NEED FOR TRANSMISSION LINES IN OIL & GAS OFFSHORE APPLICATION IS DRIVING THE GROWTH OF HVDC TRANSMISSION IN EUROPE
FIGURE 78 TYPES OF POWER RATINGS
FIGURE 79 ABOVE 2001 MW IS EXPECTED TO WITNESS THE HIGHEST GROWTH IN THE HVDC TRANSMISSION MARKET, BY 2020
FIGURE 80 VSC TECHNOLOGY IS EXPECTED TO DOMINATE THE BELOW 500 MW HVDC TRANSMISSION MARKET, BY 2020
FIGURE 81 DEMAND FOR HIGH MW POWER PROJECTS LEADING TO THE RAPID ADOPTION OF BIPOLAR CONFIGURATION
FIGURE 82 DC TRANSMISSION CIRCUIT DOMINATED THE OVERALL HVDC TRANSMISSION MARKET BY COMPONENTS IN BELOW 500 MW, IN 2014
FIGURE 83 VSC TECHNOLOGY DOMINATED THE OVERALL HVDC TRANSMISSION MARKET, WITH A SHARE OF 58.62%
FIGURE 84 INCREASE IN CONNECTING DEVICES AND EQUIPMENT THAT ARE VULNERABLE TO VOLTAGE SURGES LIKELY TO LEAD TO RISE IN DEMAND FOR SURGE ARRESTERS, BY 2020
FIGURE 85 THE ADVANCEMENTS IN VSC TECHNOLOGY ALLOW IT TO BE USED FOR HIGHER POWER RATING PLANTS IN THE HVDC TRANSMISSION MARKET
FIGURE 86 MULTI-TERMINAL CONFIGURATION IS EXPECTED TO DOMINATED THE HVDC TRANSMISSION MARKET, BY 2020
FIGURE 87 MULTI-TERMINAL CONFIGURATION IS EXPECTED TO GROW DUE TO THE VARIOUS ADVANTAGES OFFERED BY HVDC TRANSMISSION, BY 2020
FIGURE 88 THE ADOPTION OF VSC TECHNOLOGY HAS INCREASED WITH THE OFFSHORE WIND FARM DEVELOPMENT IN THE HVDC TRANSMISSION MARKET
FIGURE 89 THE BIPOLAR LONG DISTANCE CONFIGURATION TRANSMITS POWER AT LONG DISTANCES REDUCING THE LOSSES AT LONG DISTANCES
FIGURE 90 DC TRANSMISSION CIRCUIT DOMINATED THE OVERALL ABOVE 2001 MW HVDC TRANSMISSION MARKET, BY COMPONENT, IN 2014
FIGURE 91 CHINA AND INDIA ARE THE MAJOR CONTRIBUTORS IN THE HVDC TRANSMISSION MARKET IN APAC, DUE THEIR GROWING POWER DEMAND
FIGURE 92 MARKET BY GEOGRAPHY
FIGURE 93 NORTH AMERICA MARKET SNAPSHOT: DEMAND WILL BE DRIVEN BY VOLTAGE SOURCE CONVERTERS TECHNOLOGY BY 2020
FIGURE 94 THE BIPOLAR CONFIGURATIONS ARE BEING INCREASINGLY ADOPTED IN NORTH AMERICA DUE TO THEIR RELIABILITY IN CARRYING HIGH POWER LOADS
FIGURE 95 VSC TECHNOLOGY MARKET IS EXPECTED TO GROW DUE TO THE RECENT DEVELOPMENT IN OFFSHORE WIND FARMS IN EUROPE
FIGURE 96 ASIA-PACIFIC HVDC TRANSMISSION MARKET SNAPSHOT – CHINA IS THE MOST LUCRATIVE MARKET
FIGURE 97 BIPOLAR LONG DISTANCE CONFIGURATION IS ESTIMATED TO OCCUPY THE MAJOR SHARE IN APAC DUE TO INVESTMENTS BY VARIOUS COMPANIES
FIGURE 98 VSC TECHNOLOGY IS EXPECTED TO GROW IN ROW DUE TO POWER INFRASTRUCTURE AND INDUSTRIAL DEVELOPMENTS IN THE MIDDLE EAST AND AFRICA
FIGURE 99 PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS HAVE BEEN THE KEY STRATEGIES OVER 2011-2014
FIGURE 100 ABB LTD. AND SIEMENS AG GREW AT THE FASTEST RATE BETWEEN 2011 AND 2013
FIGURE 101 HVDC TRANSMISSION MARKET SHARE, BY KEY PLAYER, 2013
FIGURE 102 MARKET EVOLUTION FRAMEWORK- AGREEMENTS & CONTRACTS HAVE LED TO GROWTH AND INNOVATION (2012 – 2014)
FIGURE 103 BATTLE FOR MARKET SHARE: PARTNERSHIPS, AGREEMENTS, AND CONTRACTS COMPRISED THE KEY STRATEGY
FIGURE 104 GEOGRAPHIC REVENUE MIX OF TOP 5 MARKET PLAYERS – REFERENCE
FIGURE 105 COMPETITIVE BENCHMARKING OF KEY MARKET PLAYERS (2011-2013): GENERAL ELCTRIC IS GROWING BUT SUSCEPTIBLE TO DISTRIBUTION
FIGURE 106 ABB LTD: BUSINESS OVERVIEW
FIGURE 107 ABB LTD.: SWOT ANALYSIS
FIGURE 108 ALSTOM SA : BUSINESS OVERVIEW
FIGURE 109 ALSTOM SA: SWOT ANALYSIS
FIGURE 110 AECOM : BUSINESS OVERVIEW
FIGURE 111 GENERAL ELECTRIC CO. : BUSINESS OVERVIEW
FIGURE 112 GENERAL ELECTRIC CO. SWOT ANALYSIS
FIGURE 113 HITACHI LTD.: BUSINESS OVERVIEW
FIGURE 114 NATIONAL GRID: BUSINESS OVERVIEW
FIGURE 115 SCHNEIDER ELECTRIC SE : BUSINESS OVERVIEW
FIGURE 116 SCHNEIDER ELECTRIC SE SWOT ANALYSIS
FIGURE 117 SIEMENS AG.: COMPANY SNAPSHOT
FIGURE 118 SIEMENS AG.: SWOT ANALYSIS
FIGURE 119 TOSHIBA CORPORATION: BUSINESS OVERVIEW
FIGURE 120 TANSGRID SOLUTIONS: BUSINESS OVERVIEW
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