Global HVDC Converter Market - Industry Analysis Size Share Growth Trends and Forecast 2024 - 2031

Product Description

The converter stations consists of all the needed equipment for going from AC to DC or vice versa. Converter substations generate current and voltage harmonics, while the conversion process is accompanied by reactive power consumption. As a result, it is necessary to install expensive filter-compensation units and reactive power compensation units. HVDC exists from long time but has become popular these days with weighing advantages for the traditional HVAC transmission technology. HVDC system uses direct current for the bulk transmission. The HVDC Converter market revenue was xx Million USD in 2019, grew to xx Million USD in 2023, and will reach xx Million USD in 2031, with a CAGR of xx during 2024-2031. Considering the influence of COVID-19 on the global HVDC Converter market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions. This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery. Under COVID-19 Outbreak, how the HVDC Converter Industry will develop is also analyzed in detail in Chapter 1.8 of this report. Major Players in HVDC Converter market are: Areva BHEL Toshiba Nissin Electric Co Ltd Crompton Greaves Ltd. General Electric Siemens Alstom GE-Alstom Grid Bharat Heavy Electricals Ltd. ABB Mitsubishi Hitachi Most important types of HVDC Converter products covered in this report are: Monopolar Bi-Polar Back to Back Multi-Terminal Most widely used downstream fields of HVDC Converter market covered in this report are: Power Industry Powering Island and Remote Loads Interconnecting Networks Oil & Gas Other Major Regions or countries covered in this report: North America Europe China Japan Middle East and Africa South America India South Korea Southeast Asia Others In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations. In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out. In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.