HVDC Converter Station Market by Type (Monopolar, Bi-Polar, Back to Back, and Multi-Terminal), by Technology (Line Commutated Current Sourced Converters and Voltage Source Converters (VSC)), by Application and by Geography – Global Trends & Forecasts to 2019
An HVDC converter station is used to convert AC current to DC current and thereby reduce the loss of power. It is a type of substation which forms the terminal equipment for a high-voltage direct current transmission line. Various important components lying behind this conversion process are transformers, capacitors or synchronous condensers for reactive power, converters, switch gears, and harmonic filters.
The rapid increase in offshore wind farms and increasing demand for efficient power transmission are some of the drivers of the HVDC converter station market. With increase in government incentive policies to establish HVDC converter station, power operators are forced to implement improved and effective drilling equipment in power transmission.
The HVDC converter station market is therefore expected to show a sound growth in the coming years. The global HVDC converter station market is expected to reach approximately $12.7 billion by 2019 at a CAGR of 5.1% from 2014 to 2019.
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Market Analysis
6 HVDC Converter Station Market, By Type
7 HVDC Converter Station Market, By Technology
8 HVDC Converter Station Market, By Geography
9 HVDC Converter Station Market, By Applications
10 Competitive Landscape
11 Company Profile