According to Future Market Insights (FMI), the global HVDC transmission system will see steady and rapid growth over the next 10 years. Meanwhile, from 2016 to 2020, developed countries in Europe and the United States will lead the international HVDC transmission market. In the second five-year period, 2021-2025, the nimble emergence of new economies such as China, India and Brazil will require them to surpass the European and American malls.
According to the region, the statement divides the global HVDC shopping mall air into 7 regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific (excluding Japan), Japan, Middle East and Africa. By the end of 2015, North America was the world's largest market for HVDC transmission, followed by the Asia-Pacific region (excluding Japan). The Asia-Pacific region (excluding Japan) is expected to overtake North America as the world's largest regional market for HVDC transmission by 2025, the statement estimated.
High voltage direct current transmission is the use of stable direct current with no inductive resistance, tolerance does not work, no synchronous question and other advantages of the choice of high power long distance direct current transmission. The transmission process is DC. It is commonly used in undersea cable transmission, communication between asynchronous operation systems and other aspects. The increasing need for electricity, increased requirements for transmission efficiency and increasingly stringent government mandates are the main factors driving the development of HVDC systems around the world, according to the statement. The high cost of HVDC transmission and the low penetration rate of new skills pose great challenges for the development of HVDC market worldwide.
In terms of companies, ABB of Switzerland, Alstom of France, General Electric of the United States, Hitachi of Japan, National Grid of the United Kingdom, Schneider Electric of France, Siemens of Germany, Toshiba of Japan and Transgrid will become the world's leading provider of HVDC power transmission skills. During this period, ABB of Switzerland is expected to become the leader in this market.