The global HVDC power supply market is expected to reach USD 3.56 billion by 2022, according to a new report by Grand View Research, Inc. These devices integrate easily with renewable or alternative energy sources such as photovoltaics, 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.
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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summary of this report @ http://www.grandviewresearch.com/industry-analysis/high-voltage-direct-current-hvdc-power-supply-market
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
anticipated to witness healthy growth and accounted for over 25% of the market
in 2014. It can be primarily attributed to the reliable and long-distance
transmission with minimal loss offered by these products. The rapid
infrastructure development owing to the widespread usage of the internet may
also contribute significantly towards the segment growth.
·
Over 4,000 V voltage segment accounted for more
than 45% of the overall revenue in 2014. It may be primarily ascribed to the
enhanced features such as low output noise, creation of an automated high voltage
test system, and improved sourcing precision and measurement sensitivity
provided by these products.
·
Asia Pacific HVDC power supply market accounted
for over 20% of the overall revenue share in 2014, which may increase over the
next seven years. Healthy demand across the transmission grids owing to the
ability of these products to connect remotely located electricity generation
plants is expected to fuel the demand over the next seven years. Europe is also
projected to witness a significant growth owing to increasing emphasis on the
use of renewable energy resources in the region.
·
The notable companies in the market include ABB
Ltd., Excelitas Technologies, General Electric, Glassman Europe Ltd., Siemens
AG, Spellman, General Electric, UltraVolt, Inc., Toshiba Corporation, and
Alstom SA. The leading industry participants emphasize on quality control and
testing, wherein manufacturing activities are monitored right up to final
testing to ensure that the product is manufactured in conformance with specific
customer requirements and industry standards.
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Grand View Research has segmented the global high voltage direct current power supply market on
the basis of application, voltage, and region:
HVDC Power Supply Voltage Outlook (Revenue, USD Million; 2012 - 2022)
·
<1,000V
·
1,000-4,000V
·
>4,000V
HVDC Power Supply Application Outlook (Revenue, USD Million; 2012 -
2022)
·
Telecommunication
·
Medical
·
Industrial
·
Oil & Gas
·
Others
HVDC Power Supply Regional Outlook (Revenue, USD Million; 2012 -
2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices
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