High Voltage Direct Current (Hvdc) Power Supply Market Insights, Review and Outlook to 2022: Hexa Reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

High Voltage Direct Current (HVDC) Power Supply Market

Share, Size, Market Insights, Trends, Market Review and

Outlook, Overview And Segment Forecasts To 2022

The global HVDC power supply market is expected to reach USD 4.88 billion by 2022, according to a new

report by Grand View Research, Inc. These systems, integrate easily with renewable or alternative

energy sources such as photovoltaic, fuel cells, and wind power, and provide considerable avenues for

industry growth.

The emergence of the hybrid HVDC circuit technology that utilizes Voltage Source Converters (VSC), and

is compact in design when compared to traditional design is anticipated to fuel product demand over

the next seven years. Further, the HVDC supply industry has also witnessed the development of high

power Insulated Gate Bipolar Transistors (IGBT) that has reduced the HVDC system size resulting in

substantial economic benefits.

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HVDC supply enhance the reliability of an electrical system and is the only possible solution available in

the market today; which can be utilized in renewable energy sources. The ability of these products to

efficiently transmit bulk power over long distance has significantly contributed to the development of

direct-drive wind turbine, which supports the sustainable development of the current energy

infrastructure.

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Market Research Reports and Insightful Company Profiles

Further key findings from the report suggest:

The industrial segment accounted for over 40% of the overall revenue in 2014 and is estimated to grow

at a CAGR exceeding 11% over the forecast period. It can be ascribed to rapid industrialization in

emerging countries, such as India and China, along with rising demand for efficient power supply.

The telecommunication application segment is...