Hvdc Converter Stations Market Growth, Trends Outlook and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global HVDC Convertor Stations Market 2016-2020

Technavio recognizes the following companies as the key players in the global HVDC convertor stations market: ABB, BHEL, GE-Alstom Grid, and Hitachi.

Other Prominent Vendors in the market are: Areva SA, Hitachi, Toshiba, and Mitsubishi.

Browse full report with TOC@ https://marketreportscenter.com/reports/368491/global-hvdc-converter-stations-market-2016-2020

Commenting on the report, an analyst from Technavios team said: Increasing demand for power generation will be a key trend for market growth. Power demand has increased exponentially across the globe. Further growth in the population and the global economy is expected to drive this trend in the future as well. According to the UN, world population is projected to increase from 6.7 billion in 2011 to 8.7 billion by 2035. Also, according to the IEA, world electricity demand is expected to increase from 19,004 TWh in 2011 to 34,454 TWh by 2035. The population growth and increasing developmental activities would require substantial amounts of power to sustain the pace of economic growth.”

According to the report, surge in global demand for electricity will be a key driver for market growth. The global HVDC converter stations market is expected to show steady growth shortly with the global demand for electricity expected to rise considerably. Growing electricity demand in countries in APAC and the need to transmit power over long distances with fewer transmission losses has increased. The share of clean and emission-free power from hydro, wind, solar, and other renewable energy sources in the global energy mix is expected to rise. Since the power plants producing these types of clean energy are expected to be situated away from major urban areas, HVDC transmission through the converter stations will transmit this clean electricity generated from renewable power plants to urban areas with minimum...