(PRWEB) September 02, 2013
According to a new market research report of “HVDC Transmission Market - By Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above 2000 MW), Application, Component & Geography (2013 - 2018)" published by MarketsandMarkets the HVDC transmission market is expected to grow at a CAGR of 16.97% from 2013 to 2018 and reach $9.62 billion in 2018.
Browse 117 market data tables and 55 figures spread through 303 pages and in-depth TOC on “HVDC Transmission Market - By Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above 2000 MW), Application, Component & Geography (2013 - 2018)”. Download a free sample report for HVDC Transmission Market.
Early buyers will receive 10% customization on this report.
The increasing wind farms, focusing on power trading and reliable power transmission in the continent have been driving HVDC transmission market. It is expected that wind farms would produce 10,000 MW of power - 50 times more than today’s offshore farms. Even the European Union, also focusing on the adoption rate of the HVDC as they have set a target of 20% of electricity from renewable sources by 2020, and much of this will come from wind farms.
Europe and APAC are considered to be the fastest growing markets due to high development in power transmission networks. American market also constitutes as a substantial share in high voltage direct current market where as the U.S. is considered as the major contributor. The ageing infrastructure and recent blackout in the U.S. is the reason behind the adoption of HVDC in the region. From these factors,
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