Global HVDC Converter Station Industry

Global HVDC Converter Station Industry

  • October 2019 •
  • 258 pages •
  • Report ID: 5798785 •
  • Format: PDF
HVDC Converter Station market worldwide is projected to grow by US$5.5 Billion, driven by a compounded growth of 7.5%. LCC, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$9.2 Billion by the year 2025, LCC will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 6.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$190 Million to the region’s size and clout in the next 5 to 6 years. Over US$164.9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, LCC will reach a market size of US$485.8 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 11.1% over the next couple of years and add approximately US$1.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others, ABB Ltd.; Bharat Heavy Electricals Ltd.; C-Epri Electric Power Engineering Co., Ltd.; China Xian Xd Power System Co. Ltd.; General Electric Company; Hyosung Corporation; LSIS Co., Ltd.; Mitsubishi Corporation; NR Electric Co., Ltd.; Siemens AG; Toshiba Corp.; XJ Electric Co., Ltd.