Apac Hvdc Transmissions System Market

HVDC Transmission System Market: Subsea Segment by Deployment Expected to Witness Higher Y-o-Y Growth over the Forecast Period: APAC Industry Analysis and Opportunity Assessment, 2016 - 2026

The Overhead segment by deployment is projected to remain dominant in the APAC HVDC transmission system market over the forecast period

The Overhead segment by deployment type is forecast to create incremental $ opportunity of more than US$ 800 Mn between 2016 and 2026. By the end of 2026, the Overhead segment is expected to reach a market value of more than US$ 1,000 Mn, increasing at a CAGR of 9.5% during the period of assessment (2016 – 2026). In terms of value, the Overhead segment is projected to be the most attractive segment in the APAC HVDC transmission system market during the forecast period. However, the Subsea segment by deployment type is anticipated to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the Subsea segment is expected to expand at a CAGR of 11.8% during the forecast period. In 2017, the Subsea segment is estimated to reach more than US$ 300 Mn in terms of value. The Underground segment by deployment type is forecast to create incremental $ opportunity of more than US$ 500 Mn between 2016 and 2026. By the end of 2026, the Combination segment by deployment type is expected to reach a value of more than US$ 500 Mn, increasing at a CAGR of 8.9% during the estimated period. This segment is expected to witness steady growth in the APAC HVDC transmission system market over the predicted period.

Increasing power supply in remote areas likely to boost the deployment of HVDC transmission systems in the APAC region

Deployment of HVDC transmission systems is beneficial for supplying power in remote areas. The deployment of HVDC transmission systems is increasingly becoming popular owing to the fact that undersea HVDC transmission lines can be deployed for connecting remote areas that do not have a power plant. As governments of more countries make efforts to connect underdeveloped areas such as villages to the grid, demand for the deployment of HVDC transmission systems is expected to increase during the predicted period.

For transmission of electricity over longer distances, HVDC transmission systems are preferred over HVAC transmission systems, owing to the fact that underground AC transmission lines – that stretch over long distances – are not capable of delivering a significant amount of electricity as the electricity gets absorbed by cables. As connecting offshore wind farms to the grid requires transmission over long distances, HVDC transmission systems are ideal. The deployment of HVDC transmission systems is more cost-effective as these systems require fewer transmission lines than HVAC systems, which reduces spending as well as land required for installing transmission systems. Therefore, many utility companies in the APAC region are switching to HVDC transmission systems, thereby contributing to the growth of the Deployment segment of the APAC HVDC transmission system market. Further, with the governments of several countries across the APAC region increasing their spending to build similar connections, the deployment of HVDC transmission systems is expected to witness significant growth over the next few years.

apac hvdc transmission systems market

The Subsea segment by deployment type is expected to exhibit relatively high CAGR in the Japan HVDC transmission system market over the forecast period

In terms of value, the Subsea segment by deployment type is projected to be the most attractive segment in the Japan HVDC transmission system market during the forecast period. This segment is anticipated to exhibit a relatively high CAGR in the Japan HVDC transmission system market during the period 2016 – 2026. In terms of value, the Overhead segment by deployment type is forecast to be the most attractive segment in the APEJ HVDC transmission system market during the period of assessment.

A new publication by Future Market Insights titled “HVDC Transmission System Market: APAC Industry Analysis and Opportunity Assessment, 2016-2026” demonstrates the key market dynamics and trends across two regions – Asia Pacific Excluding Japan (APEJ) and Japan which influence the current nature and future status of the HVDC transmission system market over the forecast period. The report provides detailed analysis of the APAC HVDC transmission system market and offers insights on the various factors driving the growth of the market. The report also provides an extensive analysis of industry drivers, restraints, market trends and market structure. This comprehensive market study provides an in-depth assessment of key stakeholder strategies and imperatives for succeeding in the business. The report segregates the APAC HVDC transmission system market based on system component, technology, deployment mode, and power rating across APEJ and Japan.

During the process of market sizing and estimation, we have considered the HVDC transmission system contracts formed by prominent players with various utility companies across the world. The initial value of the contract has been taken into consideration to arrive at the indicated market numbers. This excludes the variable cost component of subsequent years of contract duration.

Report Description

The report commences with an overview of the APAC HVDC transmission system market. In addition, this section includes an analysis of key trends, drivers and restraints from the supply, demand and economy side, which are influencing the APAC HVDC transmission system market. Impact analysis of key growth drivers and restraints based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights. A detailed analysis has been provided for every segment in terms of market size analysis for HVDC transmission systems across APEJ and Japan. The report provides a detailed analysis covering key trends, absolute dollar opportunity and BPS analysis. The report also presents a detailed analysis of the HVDC transmission system market across various countries in APAC. It provides a market outlook for 2016–2026 and sets the forecast within the context of the HVDC transmission system ecosystem, including latest technological developments as well as offerings in the market. This study discusses key trends within countries contributing to the growth of the market, as well as analyses the degree to which drivers are influencing this market in each country.

In the final section of the report, we include a competitive landscape to provide clients with a dashboard view, based on categories of providers in the APAC HVDC transmission system market value chain, presence in the HVDC transmission system portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the APAC HVDC transmission system value chain and potential players. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included within the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the APAC HVDC transmission system market.

APAC HVDC Transmission System Market: Segmentation

By System Component

By Deployment

By Technology

By Power Rating

  • Solutions

  • Services

  • Overhead

  • Underground

  • Subsea

  • Combination

  • LCC

  • VSC

  • Others

  • Below 1000 MWs

  • 1001-2000 MWs

  • 2000 MWs and above

 Research Methodology

While estimating the market value for HVDC transmission systems in the APAC region, we have tracked the contracts available online awarded to the players in this market. Contracts include those awarded for installation of new systems, upgrading and refurbishment of old systems, and supplying system components such as solutions and services. We have developed forecasting models to quantify the impact of each of these factors on industry spending. A forecast scenario for each causative factor is then created and the contribution of each factor on a prospective basis is identified. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the APAC HVDC transmission system market will develop in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analyses based on the technology trends.

Given the ever-fluctuating nature of the APAC economy, we have not only conducted our forecasts in terms of CAGR, but have also analysed the APAC HVDC transmission system market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. Another key feature of our report is the analysis of the various market segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the APAC HVDC transmission system market.