China is the biggest market
for HVDC substations and accounted for a share of 51% of the global market in
2012. Power plants in China are located close to the sources of fuel –
hydropower and others – and are far away from the load centers.
This means that the power
has to be transmitted over long distances, leading to a growing need for stable
HVDC infrastructure. There are a significant number of power generation and
infrastructure projects planned during the forecast period in China, which will
translate into demand for HVDC converter stations. For example, many new
large-scale hydropower plants are expected to come online in the southwestern
region, where hydropower resources are abundant, and these would need to be
connected to load centers such as Shenzhen and Guangzhou. This gives rise to
opportunities for HVDC projects. Over the 2013–2020 period, the cumulative
revenues from the Chinese HVDC converter station market are expected to reach
$27.1 billion.
ABB, Siemens and Alstom are
the major players operating in the global HVDC converter station market. They
accounted for 98% of the global HVDC converter station market in 2012, with
Toshiba accounting for the remaining 2%. It can be said that ABB and Siemens
usually account for over 90% of the entire market. In fact, in 2006, they
accounted for 100%. Following this year, the market saw the entry of Alstom as
a competitor, while Toshiba entered the market more recently in 2012. ABB and
Siemens are the strongest players in the market with the most expertise in HVDC
converter-station technology.
Know more about this “High-Voltage Direct Current (HVDC) Converter Stations -
Global Market Size, Average Pricing and Equipment Market Share to 2020” report:: http://mrr.cm/ZXJ
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