"Actionable Insights to Fuel Your Growth"
The high voltage transmission system, also known as the powered highway or the powered highway, is a power transmission system used to transmit large amounts of power. Compared to more common alternating current (AC) systems, direct high-voltage current (HVDC) power transmission systems (also known as power highways or power highways) use direct current for large amounts of power transmission. The HVDC transmission system can interconnect networks of different characteristics and frequencies, more competent than AC lines. HV power transmission system is an ideal choice for long-distance power transmission, with less power loss.
An increase in the installation of offshore wind energy generation projects will promote the market of the HV transmission system. Large amounts of energy generation can be done through marine wind energy. Therefore, the generated energy can be distributed to the high demand for power. Governments around the world have begun promoting the generation of renewable energy. The capacity of high voltage transmission technology to integrate new generations with existing infrastructure is driving the market. In general, in new projects that are expected to be activated during the forecast period, the HV transmission system market can witness remarkable growth in the coming years.
However, as the share of distributed and off-grid power generation increases, the need and demand for HV transmission systems are expected to decline. The market is expected to slow down during the year. The off-grid system is specially constructed for on-site power generation and consumption. It has low voltage requirements, so there is no need to use the high voltage transmission system that is most suitable for long-distance, high-voltage applications.
The growing demand for energy in the Middle East and Africa and the growth of the renewable energy sector are expected to create significant opportunities for the HVDC systems market shortly.
The high voltage transmission systems market is expected to take a minimal amount of time before recovering from the impact of the COVID-19 pandemic due to increasing renewable energy efforts globally. Moreover, the government targets of achieving clean energy goals are anticipated to propel the market despite the pandemic.
As the renewable energy landscape proliferates, the high voltage transmission systems demand is anticipated to rise rapidly.
The report will cover the following key insights:
According to the application, the high voltage transmission system market is divided into submarine, overhead, and underground transmission systems. The submarine segment will dominate the market. Due to the global submarine transmission system development, the submarine transmission system market may grow significantly. Due to increasing concerns about energy trade between countries, submarine power transmission has become more critical. The high-voltage direct current submarine power transmission system is a crucial technology for developing future power transmission networks. It is the only solution that can be used for long-distance underwater high-power transmission. The primary purpose of the submarine transmission is to connect countries or islands separated by the sea and connect remote offshore platforms to the leading transmission network.
To gain extensive insights into the market, Request for Customization
The European market is the largest market with fierce competition and is dominated by key players. Fueled by HVDC investments in China and India, the Asia Pacific region has gained tremendous momentum in recent years. Europe will be the fastest-growing region during the forecast years. As countries such as Germany and France increasingly turn to a low-carbon economy, the power generation structure in Europe is expected to undergo significant changes in the coming years, favoring renewable energy. The region also has several policies, such as the European Union Renewable Energy Directive and the National Renewable Energy Action Plan to support the transition to a low-carbon energy system. With the increasing integration of renewable energy and the growing demand for greater security of supply, HVDC grid technology is expected to develop in the region.
The report will include profiles of key players such as Prysmian Group, Nexans, General Cable, NKT, Furukawa Electric Co., Ltd., ABB, Dubai Cable Company - Ducab, Jiangnan Group Limited, Schneider Electric, Tratos, Universal Cables Ltd, Brugg Cables, Riyadh Cables Group Company, Synergy Cables, and ZTT.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry