HVDC Transmission Market forecast From 2012 to 2018 May 2014

HVDC Transmission Market worth $9.62
Billion By 2018
According to a new market research report of “HVDC Transmission Market By Technology (LCC/VSC), Configuration (Back To Back, Monopolar, Bipolar,
Multi-Terminal), Power Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW
- 2000 MW & Above 2000 MW), Application, Component & Geography (2013 2018)".
Browse 117 market data tables and 55 figures spread through 303 pages and
in-depth TOC on “HVDC Transmission Market - By Technology (LCC/VSC),
Configuration (Back To Back, Monopolar, Bipolar, Multi-Terminal), Power
Rating (Below 500 MW, 501 MW - 999 MW, 1000 MW - 2000 MW & Above
2000 MW), Application, Component & Geography (2013 - 2018)”.
http://www.marketsandmarkets.com/Market-Reports/hvdc-gridmarket-1225.html
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The increasing wind farms, focusing on power trading and reliable power
transmission in the continent have been driving HVDC transmission market. It
is expected that wind farms would produce 10,000 MW of power – 50 times
more than today’s offshore farms. Even the European Union, also focusing on
the adoption rate of the HVDC as they have set a target of 20% of electricity
from renewable sources by 2020, and much of this will come from wind farms.
Europe and APAC are considered to be the fastest growing markets due to
high development in power transmission networks. American market also
constitutes as a substantial share in high voltage direct current market where
as the U.S. is considered as the major contributor. The ageing infrastructure