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HVDC Transmission Market (by Technology, Application and Power Rating) Projected to Reach $9.62 Billion by 2018 - Report by MarketsandMarkets(PR Web Via Acquire Media NewsEdge) (PRWEB) April 27, 2014 According to a new market research report of "HVDC Transmission Market - by Technology, by Configuration, Power Rating, Application, Component & Geography - 2018". Browse 117 market data tables and 55 figures spread through 303 pages and in-depth TOC on "HVDC Transmission Market". http://www.marketsandmarkets.com/Market-Reports/hvdc-grid-market-1225.html Download sample PDF today. http://www.marketsandmarkets.com/pdfdownload.asp?id=1225 The increasing wind farms, focusing on power trading and reliable power transmission in the continent have been driving HVDC grid 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 grid as they have set a target of 20% of electricity from renewable sources by 2020, and much of this will come from wind farms. Early buyers will receive 10% customization on this report. This report describes the market dynamics of global HVDC transmission market, which comprises of drivers, restraints along with their impact analysis matrix. Impact analysis matrix depicts the impact of particular driver and restraint on the market at present and future impact on the market. The major driving factors for HVDC transmission market are the growth in offshore wind farms installation and increasing the government incentivization. In the report, different technologies are discussed like line commutated converters and voltage source converters. The configuration includes back to back, monopolar, bipolar and multi-terminal. The HVDC's component comprises thyristor, IGBT (insulated gate bipolar transistor), surge arrester, DC circuit, smoothing reactors, converter transformer, harmonic filters, control & protection. The power rating market is categorized into below 500 MW, 501 MW – 999 MW, 1000 MW – 2000 MW, above 2000 MW. Request for Customization: http://www.marketsandmarkets.com/requestCustomization.asp?id=1225 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, it is believed that these markets will grow at a significant rate for the forecast period of 2013 and 2018. The global HVDC Transmission Market is broadly segmented into: technology, configuration, component, power rating, application, and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately described in the report. Global HVDC Grid Market is expected to reach $9.62 billion by 2018, at an estimated CAGR of 16.97% from 2013 to 2018. The major driving factors for global HVDC Grid Market are the growth in offshore wind farms installation and increasing the government incentivization. In the report, different technologies are discussed like line commutated converters and voltage source converters. The configuration includes back to back, monopolar, bipolar and multi-terminal. The HVDC's component comprises thyristor, IGBT (insulated gate bipolar transistor), surge arrester, converter transformer, DC circuit, smoothing reactors, harmonic filters, control & protection. The power rating market is categorized into below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW, above 2000 MW. Browse Related Reports Smart Grid Technology Market - Analysis & Global Forecast By Hardware, Software & Communication Network Technologies (2011 - 2016) http://www.marketsandmarkets.com/Market-Reports/smart-grid-technology-application-market-453.html Microgrid Market Forecast & Analysis (2012-2022): By Types (Hybrid, Off-Grid, Grid Connected); Technology (Switch Gears, Pv Inverter, Storage (Batteries, Flywheels, Super Capacitors), Micro turbines); Application (Campus, Commercial, Defense) http://www.marketsandmarkets.com/Market-Reports/micro-grid-electronics-market-917.html About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductors and electronics, aerospace & defense. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan North - Dominion Plaza 17304 Preston Road Suite 800, Dallas, TX 75252 Tel: +1-888-6006-441 Email: sales(at)marketsandmarkets(dot)com Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Read the full story at http://www.prweb.com/releases/hvdc-grid-market/hvdc-transmission-market/prweb11796749.htm (c) 2014 PRWEB.COM Newswire |