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HVDC Converter Stations Market by Technological Growth and Trends 2024 HVDC converter stations market size has the potential to grow by USD 3.36 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get Sample of the Report: https://www.technavio.com/talk-to-us? report=IRTNTR44893&type=sample&src=report This report provides a detailed analysis of the market by technology (LCC and VSC) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Alstom Holdings SA, Bharat Heavy Electricals Ltd., General Electric Co., Hitachi Ltd., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corp., NR Electric Co. Ltd., Siemens AG, and Toshiba Energy Systems & Solutions Corp.
Market Competitive Analysis The market is fragmented. ABB Ltd., Alstom Holdings SA, Bharat Heavy Electricals Ltd., General Electric Co., Hitachi Ltd., LS ELECTRIC Co. Ltd., Mitsubishi Electric Corp., NR Electric Co. Ltd., Siemens AG, and Toshiba Energy Systems & Solutions Corp. are some of the major market participants. Factors such as an increase in global power demand will offer immense growth opportunities. However, the ongoing slowdown in the Chinese economy may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this HVDC converter stations market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this HVDC converter stations market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The development of supergrids will significantly influence HVDC converter stations market growth in this region. 74% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for HVDC converter stations in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the HVDC converter stations market size.
HVDC Converter Stations Market: Key Highlights of the Report for 2020-2024