HVDC Transmission Market forecast From 2012 to 2018 May 2014 | Page 2

and recent blackout in the U.S. is the reason behind the adoption of HVDC in
the region. From these factors, it is believed that these markets will grow at a
significant rate for the forecast period of 2013 and 2018.
The HVDC transmission market is broadly segmented into: technology,
configuration, component, power rating, application, and geography. All the
major segments are further segmented into sub segments. All the segments
and sub segments are separately described in the report.
Global HVDC transmission market is expected to reach $9.62 billion by 2018,
at an estimated CAGR of 16.97% from 2013 to 2018. The major driving factors
for HVDC transmission market are the growth in offshore wind farms
installation and increasing the government incentivization. In the report,
different technologies are discussed like line commutated converters and
voltage source converters. The configuration includes back to back,
monopolar, bipolar and multi-terminal. The HVDC’s component comprises
thyristor, IGBT (insulated gate bipolar transistor), surge arrester, converter
transformer, smoothing reactors, harmonic filters, DC circuit, control &
protection. The power rating market is categorized into below 500 MW, 501
MW – 999 MW, 1000 MW – 2000 MW, above 2000 MW.

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