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$8.9 Billion Worldwide HVDC Converter Stations Industry to 2027 - Impact of COVID-19 on the Market

Research and Markets
·2-min read

Dublin, Oct. 13, 2020 (GLOBE NEWSWIRE) -- The "HVDC Converter Stations - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 7th edition of this report. The 288-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global HVDC Converter Stations Market to Reach $14 Billion by 2027

Amid the COVID-19 crisis, the global market for HVDC Converter Stations estimated at US$8.9 Billion in the year 2020, is projected to reach a revised size of US$14 Billion by 2027, growing at a CAGR of 6.6% over the period 2020-2027.

LCC, one of the segments analyzed in the report, is projected to record 6.3% CAGR and reach US$9.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the VSC segment is readjusted to a revised 7.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 10.2% CAGR

The HVDC Converter Stations market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2027 trailing a CAGR of 10% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Competitors identified in this market include, among others:

  • ABB Ltd.

  • Bharat Heavy Electricals Ltd.

  • C-Epri Electric Power Engineering Co., Ltd.

  • China Xian Xd Power System Co. Ltd.

  • General Electric Company

  • Hyosung Corporation

  • LSIS Co., Ltd.

  • Mitsubishi Corporation

  • NR Electric Co., Ltd.

  • Siemens AG

  • Toshiba Corp.

  • XJ Electric Co., Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • HVDC Converter Station Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/so8btg

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900