(MENAFN- PR Newswire)
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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Attractive Opportunities in HVDC Converter Stations Market by Technology and Geography - Forecast and Analysis 2021-2025
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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