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HVDC Converter Station Market 2021 Revenue Growth, Global Demand, Industry Growth And Future Scope

The global “HVDC Converter Station Market” is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “HVDC Converter Station Market Size, Share and Global Trend By Type (Monopolar, Bi-Polar, Back-to-Back, Multi-Terminal), By Technology (Line Commutated Converters, Voltage Source Converters), By Application (Power Industry, Oil & Gas, Powering Island & Remote Loads, Interconnecting Networks) and Geography Forecast till 2026”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.

The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the HVDC Converter Station Market share, types, applications, growth factor, key players and regions.

Key Industry Development:

In June 2019, ABB has secured a contract from Korea Electric Power Corporation to build two new HVDC converter stations to link the mainland with Jeju and one of its nine provinces. The converter stations will provide an additional 200 MW of power to Jeju, which currently receives most of its power from the mainland via two HVDC links that transport 700 MW of electricity.

Report Highlights:

  • A comprehensive overview of the HVDC Converter Station Market
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the HVDC Converter Station Market
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.

Get a Sample Copy of the Report at – https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/101368

List of Top Key Manufacturers for HVDC Converter Station Market:

  • Siemens
  • ABB
  • GE
  • C-EPRI China Electric Power Research Institute
  • Toshiba and Mitsubishi Electric
  • BHEL
  • NR Electric
  • Hyosung and Hitachi Ltd

“Contract Between Korea Electric Power Corporation and ABB to Propel Market Growth”

ABB has secured a contract from Korea Electric Power Corporation to build two new HVDC converter stations to link the mainland with Jeju and one of its nine provinces. The converter stations will provide an additional 200 MW of power to Jeju, which currently receives most of its power from the mainland via two HVDC links that transport 700 MW of electricity. The launch of new HVDC converter stations is expected to create growth opportunities for the market.

Furthermore, the contract between Korea Electric Power Corporation and General Electric is expected to accelerate the growth of the market. In addition, the contract between  Korea Electric Power Corporation and General Electric is expected to spur the growth of the market. For instance, in Feb 2018,  General Electric has secured a contract from Korea Electric Power Corporation to provide equipment and expertise to deliver a 4 GW HVDC transmission link from the power complex located East of South Korea, to Seoul’s metropolitan area. The worth of the contract is $320 million.

However, the high installation cost and long approval process for the installation of the HVDC converter station is expected to hamper the HVDC converter station market growth.

Some of the Key Questions Answered in this Report:

  • Detailed Overview of HVDC Converter Station Market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • HVDC Converter Station Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
  • What trends, challenges and barriers will impact the development and sizing of the Global HVDC Converter Station Market?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What is the HVDC Converter Station Market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?
  • What focused approach and constraints are holding the HVDC Converter Station Market demand?

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Regional Analysis for HVDC Converter Station Market:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)

The HVDC Converter Station Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

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Major Table of Contents for HVDC Converter Station Market Research Report:

  • Introduction
  • Executive Summary
  • Market Dynamics
  • Key HVDC Converter Station Market Insights
  • Global Market Analysis, Insights and Forecast, 2015-2026
  • North America Market Analysis, Insights and Forecast, 2015-2026
  • Europe Market Analysis, Insights and Forecast, 2015-2026
  • Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
  • The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
  • Latin America Market Analysis, Insights and Forecast, 2015-2026
  • Competitive Landscape
  • Global HVDC Converter Station Market Revenue Share Analysis, By Key Players, 2020
  • Company Profiles
  • Conclusion

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