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The High Voltage Direct Current (HVDC) Transmission Market 2013-2023

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Table of Contents

Management Report
Published: June 2013
Pages: 154
Tables: For full details, please email deborahf@cmsinfo.com
From: GBP 1699.00  Buy Now!
Research from: Visiongain
Sector: Energy

High Voltage Direct Current (HVDC) transmission is the method of choice for the subsea transmission of electricity, the connection of disparate AC grids and/or the movement of bulk amounts of electrical power over vast distances. In each of these three respects HVDC transmission is superior to its competitor HVAC (high voltage alternating current).

Composed of the capital expenditure upon HVDC transmission, this market is due for steady, incremental growth over the next 5 years. Visiongain anticipates, nevertheless, that some regions of the world, such as South East Asia and Africa, have the potential to attract significant investment given opportune political and regulatory circumstances.

The majority of HVDC transmission constructed is of the point-to-point variety; with no integrated HVDC circuit breaker proven commercially viable, electricity can only be moved between two points. This limits potential. Subsequently, it is used, for the most part, to connect large power resources, such as a hydroelectric power generation facilities, to load centres. The ABB HVDC circuit breaker, announced in 2012, is a game-changer for the industry that could enable the creation of a HVDC grid.

Asia dominates the HVDC transmission market. In China, the government's ambition to connect hydropower resources in the South-West and coal reserves in the North-West to Eastern and South-Eastern cities is the prime agent of this dominance. In addition, with fewer regulatory or right-of-way obstacles facing development than in Europe or North America, the Asian share of the HVDC transmission market declines relatively little during the next 10 years. Lower barriers to project development, combined with low political instability, also make Asian investment outcomes more certain than any other region.

Overall, the outlook for HVDC transmission is positive. The core drivers for spending on this method of transmission are in place: power balancing, energy efficiency gains, greater affordability for end users and the connection of renewables. However, rigid regulation, right-of-way issues, political instability and political opposition to hydropower conspire to limit growth and amplify investment uncertainty and risk.

Visiongain has determined that the value of the High Voltage Direct Current (HVDC) Transmission market will reach $16,556.1m in 2013.

What makes this report unique?

Visiongain consulted widely with industry experts and full transcripts from these exclusive interviews are included in the report. As such, the report has a unique blend of primary and secondary sources providing informed opinion. The report provides insight into key the drivers for, and restraints on, HVDC transmission capital expenditure. It also identifies future growth areas, analyses leading companies and provides a unique blend of qualitative analysis combined with extensive quantitative data including global and regional market forecasts from 2013-2023 - all highlighting key business opportunities.

Why you should buy The High Voltage Direct Current (HVDC) Transmission Market 2013-2023

• 154 pages of comprehensive analysis
• 2 Exclusive Visiongain interviews with:
- Marcello Del Brenna, Chairman of the Utilities Board at Europacable
- Ingard Moen, Vice President of Business Development at Statnett
• 86 tables, charts, and graphs
• Global HVDC transmission market forecasts between 2013-2023
• Six regional market forecasts between 2013-2023 for:
- Asia
- Europe
- North America
- South America
- Africa
- South East Asia and Oceania
• Within these regional markets, HVDC transmission capital expenditure outlooks and analyses for the following countries is provided:
- China
- India
- Sri Lanka
- South Korea
- US
- Canada
• A PEST analysis
• In-depth analysis of the leading 5 companies active in the supply of HVDC components.

Companies Listed

Abengoa Group
Adani Group
Agder Energi
APS Technology Group
Atco Electric
Atlantic Wind Connection
Bregal Energy Inc
China Southern Power Grid Company
Clean Line Energy Partners LLC
C.N.T.E.E. Transelectrica S.A.
DEH Quantum Energy
Duke American Transmission Company
E-CO Energi
EDF Trading
EGL (Elektrizitäts-Gesellschaft Laufenburg)
Egypt Electricity Transmission Company
Electrical Interconnection Company Colombia-Panama SA
Electricidade de Moçambique (EDM)
Element Power
ENEL Endesa Group
ENL Maritime Link Inc
Ethiopian Electric Power Corporation
Furukawa Electric
Hidroeléctrica De Cahora Bassa
Hudson Transmission Partners, LLC
Israel Electric Corporation
Korea Electronic Power Corporation (KEPCO)
Kraftnat Aland
Los Gatos Research
LS Cable & System
Lyse (Lyse Energi)
Manitoba Hydro
Marunbeni Corp.
Mitsubishi Corporation
Moncado Energy Group
Nalcor Energy
National Grid Corp of the Philippines (NGCP)
National Grid (UK)
Northeast Utilities
Norte Brasil Transmissora de Energia
Norte Energia consortium
Northern Pass Transmission LLC
Nur Energie
PLN (Perusahaan Listrik Negara)
Polish Transmission System Operator (TSO) PSE Operator S.A
Powergrid Corporation of India
PPC Renewables
Red Electrica de España
RTE (Réseau de Transport d'Électricité)
Saudi Electric Company
Scottish Power
Scottish and Southern Energy (SSE)
Société Nationale d'Électricité
State Grid Corporation of China (SGCC)
Star Capital Partners
STEG (Société Tunisienne de l´Electricité et du Gaz)
Svenska Kraftnät
TenneT B.V.
Transcanada Corp
Transpower New Zealand
TSO Cyprus
Vattenfall UK
Westcor Company

Government Agencies and Other Organisation Mentioned in This Report
African Development Bank
Alberta Utilities Board
Bonneville Power Administration (BPA)
Bureau of Ocean and Energy Management
Ceylon Electricity Board
Electricity Authority of Cyprus
EIA - US Energy Information Agency
German Ministry of Environment
International Monetary Fund (IMF)
MIT - Massachusetts Institute of Technology
National Development and Reform Commission (NDRC) - China
National Oceanic and Atmospheric Administration (NOAA)
Norwegian Ministry of Petroleum and Energy
Politecnico di Milano
United Nations Educational, Scientific and Cultural Organisation (UNESCO)
US Department of Energy (DoE)
World Bank

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