HVDC transmission systems market is expected to grow at CAGR of 15.58 % from 2017 to 2021 according to the Market Study report.
The main market drivers will be the optimal solution for long distance transmission, the main market challenge will be the high capital investments needed for installation of HVDC substations and the main market trend will be the emerging hybrid HVDC circuit breaker.
The key players are: ABB, GE Grid Solutions, Hitachi, Mitsubishi Electric Corporation, Siemens, Nexans, NKT, Toshiba, NR Electric, Prysmian Group, American Semiconductor, TransGrid Solutions, HVDC Technologies, ATCO Electric, and LSIS. The market segmentation by region is as follows: United States, Europe, Japan, China, India, and Southeast Asia.
Source: Redfield report