October 18, 2021

HVDC Converter Stations Market to Record almost $ 4 Bn Growth between 2021 and 2025 | Major Growth Expected in APAC | Technavio

NEW YORK, Oct. 4, 2021 /PRNewswire/ — The HVDC converter stations market size is expected to increase by USD 3.94…

NEW YORK, Oct. 4, 2021 /PRNewswire/ — The HVDC converter stations market size is expected to increase by USD 3.94 billion between 2021 and 2025, registering a CAGR of almost 11% during the forecast period.

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The HVDC converter stations market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.

The report identifies the increase in global power demand as one of the major factors driving the growth of the market. The technological advances in HVDC technology will be crucial in fueling the growth of the market over the forecast period.

The HVDC Converter Stations Market is segmented by Technology (LCC and VSC) and Geography (APAC, Europe, North America, South America, and MEA).

This report presents a detailed picture of the HVDC converter market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The HVDC converter stations market covers the following areas:

HVDC Converter Stations Market Sizing

HVDC Converter Stations Market Forecast

HVDC Converter Stations Market Analysis

Companies Mentioned

  • ABB Ltd.
  • Alstom Holdings SA
  • Bharat Heavy Electricals Ltd.
  • General Electric Co.
  • Hitachi Ltd.
  • LS ELECTRIC Co. Ltd.
  • Mitsubishi Electric Corp.
  • NR Electric Co. Ltd.
  • Siemens AG
  • Toshiba Energy Systems & Solutions Corp.

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HVDC Converter Stations Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of almost 11%

Market growth 2021-2025

$ 3.94 billion

Market structure

Fragmented

YoY growth (%)

10.38

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 75%

Key consumer countries

China, India, US, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Alstom Holdings SA, Bharat Heavy Electricals Ltd., General Electric Co., Hitachi Ltd., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corp., NR Electric Co. Ltd., Siemens AG, and Toshiba Energy Systems & Solutions Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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.



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SOURCE Technavio