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

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

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Report Details

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.
1. Executive Summary
1.1 The Global HVDC Market Overview
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology
1.5 Global HVDC Transmission Market Forecast 2013-2023
1.6 Regional HVDC Transmission Market Forecasts 2013-2023
2. Introduction to the HVDC Transmission Market
2.1 HVDC Transmission Market Definition
2.2 HVDC Transmission Market Structure Overview
2.3 Types of HVDC Transmission Project
2.4 Brief History of HVDC Transmission
3. Global HVDC Transmission Market Forecast 2013-2023
3.1 Environmental Considerations
3.2 Reducing Greenhouse Gas Emissions
3.3 HVDC Circuit Breakers - A HVDC Transmission Game Changer
3.4 HVDC versus Gas Transport Solutions
3.5 Large Scale Solar Integration Possibilities
3.6 Grid Management and Renewables Integration
3.7 Vast Distance Transfers
3.8 Energy Security
3.9 Power Balancing and Investment Decision Vulnerability
3.10 Underground versus Overground
3.11 Global HVDC Transmission Market Drivers & Restraints
3.12 Advantages and Disadvantages of HVDC Transmission
3.12.1 Advantages
3.12.2 Disadvantages
3.13 HVDC Back-to-Back (B2B) Station
4. Regional HVDC Transmission Markets 2013-2023
4.1 Regional HVDC Transmission Markets Share Forecast 2013-2023
4.2 Barriers to Entry Analysis for Regional HVDC Transmission Markets
4.3 The Asian HVDC Transmission Market 2013-2023
4.3.1 Asian HVDC Transmission Market Drivers & Restraints
4.3.2 Chinese HVDC Outlook
4.3.3 Indian HVDC Outlook
4.3.4 Sri Lankan HVDC Outlook
4.3.5 South Korean HVDC Outlook
4.3.6 Asian HVDC Transmission Projects & Upgrades Planned or Under Construction
4.4 European HVDC Transmission Market Forecast 2013-2023
4.4.1 European HVDC Transmission Market Drivers & Restraints
4.4.2 Southern European Outlook
4.4.3 UK and Ireland Outlook
4.4.4 Western and Central European and Scandinavian Outlook
4.4.5 Desertec and Other HVDC Grid Propositions
4.4.6 European HVDC Transmission Projects & Upgrades Planned or Under Construction
4.5 North American HVDC Transmission Market Forecast 2013-2023
4.5.1 North American HVDC Transmission Drivers & Restraints
4.5.2 Canadian HVDC Outlook
4.5.3 US HVDC Transmission Outlook
4.5.4 North American HVDC Transmission Projects & Upgrades Planned or Under Construction
4.6 South American HVDC Transmission Market 2013-2023
4.6.1 South American HVDC Transmission Drivers & Restraints
4.6.2 South American HVDC Transmission Projects & Upgrades Planned or Under Construction
4.7 African HVDC Transmission Market 2013-2023
4.7.1 African HVDC Transmission Market Drivers & Restraints
4.7.2 Renewables Potential
4.7.3 North African HVDC Outlook
4.7.4 DRC Hydropower and African Power Demands
4.7.5 Development Finance
4.7.6 African HVDC Transmission Projects & Upgrades Planned or Under Construction
4.8 South East Asian and Oceanian HVDC Transmission Market 2013-2023
4.8.1 South East Asian and Oceanian HVDC Transmission Drivers & Restraints
4.8.2 South East Asian and Oceanian HVDC Transmission Projects & Upgrades Planned or Under Construction
5. PEST Analysis of the HVDC Transmission Market 2013-2023
6. Expert Opinion
6.1 Europacable
6.1.1 Europacable Objectives
6.1.2 Common Points of Contention for the European HVDC Market
6.1.3 Undergrounding
6.1.4 Permitting for HV Cables in Europe
6.1.5 Exciting European HVDC Projects
6.1.6 HVDC Circuit Breaker
6.1.7 Cable Supply Capabilities
6.1.8 Cable Specification Capabilities
6.1.9 Limitation of Investment in Europe
6.1.10 HVDC Market Outside of Europe
6.2 Statnett
6.2.1 Statnett and HVDC
6.2.2 Nordic and Northern European HVDC Outlook
6.2.3 Statnett HVDC Capital Expenditure Commitment
6.2.4 Sydvestlinken Project Update
6.2.5 Nordic HVDC Transmission Drivers
6.2.6 Constraints on HVDC Transmission Capital Expenditure
7. Leading Companies in the HVDC Transmission Market
7.1 Leading HVDC Transmission Component Suppliers
7.1.1 ABB Overview
7.1.1.1 Analysis and Future Outlook
7.1.1.2 M&A Activity 2013
7.1.1.3 Regional Focus
7.1.2 Siemens Overview
7.1.2.1 Analysis and Future Outlook
7.1.2.2 M&A Activity
7.1.2.3 Regional Focus
7.1.3 Alstom Overview
7.1.3.1 Analysis and Future Outlook
7.1.3.2 Regional Focus
7.2 HVDC Cable Manufacturers
7.2.1 Prysmian Overview
7.2.1.1 Analysis and Future Outlook
7.2.2 Nexans Overview
7.2.2.1 Analysis and Future Outlook
7.3 Other Leading Companies in the HVDC Transmission Market
8. Conclusions
8.1 Global HVDC Transmission Market Outlook
8.2 Global HVDC Transmission Drivers & Restraints
8.3 Regional HVDC Transmission Market Forecasts 2013-2023
9. Glossary

List of Tables

Table 1.1 Regional HVDC Transmission Market Forecasts Summary 2013, 2018, 2023 (CAPEX ($m), CAGR %)
Table 3.1 Global HVDC Transmission Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 3.2 Global HVDC Transmission Market Drivers & Restraints
Table 3.3 Back-to-Back HVDC Stations Planned or Under Construction (Name, Location, MW, Commission Date, Component Supplier)
Table 4.1 Regional HVDC Transmission Markets Forecast 2013-2023 ($m, AGR %)
Table 4.2 Asian HVDC Transmission Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 4.3 Asian HVDC Transmission Market Drivers & Restraints
Table 4.4 Chinese Electricity Demand (Population, Population Growth Rate, Y-O-Y Electricity Demand Growth, Economic Growth)
Table 4.5 Indian Electricity Demand (Population, Population Growth Rate, Y-O-Y Electricity Demand Growth, Economic Growth)
Table 4.6 Asian HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Type, HVDC Lead, Location, Sponsor, Status)
Table 4.7 Asian HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Est. Cost ($m), Voltage (kV), Power Rating (MW), Length (km))
Table 4.8 European HVDC Transmission Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 4.9 European HVDC Market Drivers & Restraints
Table 4.10 European HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Type, HVDC Lead, Location, Sponsor, Status)
Table 4.11 European HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Est. Cost ($m), Voltage (kV), Power Rating (MW), Length (km))
Table 4.12 North American HVDC Transmission Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 4.13 North American HVDC Transmission Market Drivers & Restraints
Table 4.14 North American HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Type, HVDC Lead, Location, Sponsor, Status)
Table 4.15 North American HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Cost ($m), Voltage (kV), Power Rating (MW), Length (km))
Table 4.16 South American HVDC Transmission Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 4.17 South American HVDC Transmission Market Drivers & Restraints
Table 4.18 South American HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Type, HVDC Lead, Location, Cost, Sponsor, Status)
Table 4.19 South American HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Cost ($m), Voltage (kV), Power Rating (MW), Length (km))
Table 4.20 African HVDC Transmission Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 4.21 African HVDC Transmission Market Drivers & Restraints
Table 4.22 African HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Type, HVDC Lead, Location, Cost, Sponsor, Status)
Table 4.23 African HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Cost ($m), Voltage (kV), Power Rating (MW), Length (km))
Table 4.24 South East Asian and Oceanian HVDC Transmission Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 4.25 South East Asian and Oceanian HVDC Transmission Market Drivers & Restraints
Table 4.26 South East Asian and Oceanian HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Type, HVDC Lead, Location, Cost, Sponsor, Status)
Table 4.27 South East Asian and Oceanian HVDC Transmission Projects & Upgrades Planned or Under Construction (Project, Cost ($m), Voltage (kV), Power Rating (MW), Length (km))
Table 5.1 PEST Analysis of the HVDC Transmission Market 2013-2023
Table 7.1 Leading HVDC Transmission Component Suppliers (Rank, Company, Total Revenue, Revenue from HVDC Transmission ($m), Share of HVDC Projects)
Table 7.2 ABB Overview (Total Revenue 2012, Revenue from Confirmed HVDC Transmission Projects, Share of HVDC Transmission Projects, HQ, Ticker, IR Contact, Website)
Table 7.3 ABB Confirmed HVDC Transmission Projects (Project, Type, Location, Lead Sponsor, Status)
Table 7.4 ABB Confirmed HVDC Transmission Projects (Project, Estimated Cost ($m), Voltage, Power Rating, Length)
Table 7.5 Siemens Overview (Total Revenue FY2012, Revenue from Confirmed HVDC Transmission Projects, Share of HVDC Transmission Projects, HQ, Ticker, IR Contact, Website)
Table 7.6 Siemens Confirmed HVDC Transmission Projects (Project, Type, Location, Lead Sponsor, Status)
Table 7.7 Siemens Confirmed HVDC Transmission Projects (Project, Estimated Cost ($m), Voltage, Power Rating, Length)
Table 7.8 Alstom Overview 2012 (Total Sales 2012-2013 FY, Revenue from Confirmed HVDC Transmission Projects, Share of HVDC Transmission Projects, HQ, Ticker, IR Contact, Website)
Table 7.9 Alstom Confirmed HVDC Transmission Projects (Project, Type, Location, Lead Sponsor, Status)
Table 7.10 Alstom Confirmed HVDC Transmission Projects (Project, Estimated Cost ($m), Voltage, Power Rating, Length)
Table 7.11 Prysmian Overview 2012 (Total Company Sales 2012, HQ, Ticker, IR Contact, Website)
Table 7.12 Nexans Overview 2012 (Total Revenue, HQ, Ticker, IR Contact, Website)
Table 7.13 Other Leading Cable and Equipment Manufacturers in the HVDC Transmission Market (Company, Product/Service)
Table 7.14 Other Leading Stakeholders in the HVDC Transmission Market (Company, Involvement in HVDC Transmission Market)
Table 8.1 Global HVDC Transmission Market Drivers & Restraints
Table 8.2 Regional Market Forecasts Summary 2013, 2018, 2023, CAPEX ($m), 2013-2023 CAGR (%)

List of Figures

Figure 2.1 Global HVDC Transmission Market Structure Overview
Figure 3.1 Global HVDC Transmission Market Forecast 2013-2023 ($m, AGR%)
Figure 3.2 HVDC Transmission Distance Added, China & RoW, Year of Completion 2013-2018 (km)
Figure 3.3 Cost Comparison Relationship HVAC vs. HVDC
Figure 4.1 Regional HVDC Transmission Markets Forecast 2013-2023 ($m)
Figure 4.2 Regional and Global HVDC Markets CAGR% (2013-2018, 2018-2023, 2013-2023)
Figure 4.3 Regional HVDC Transmission Markets Share Forecast 2013 (%)
Figure 4.4 Regional HVDC Transmission Markets Share Forecast 2018 (%)
Figure 4.5 Regional HVDC Transmission Markets Share Forecast 2023 (%)
Figure 4.6 Regional HVDC Transmission Market Share Change, 2013-2023 (%)
Figure 4.7 Regional HVDC Transmission Market Shares, 2013-2023 (%)
Figure 4.8 Barriers to Entry vs. National Market Size vs. CAGR% 2013-2023 ($m, CAGR%)
Figure 4.9 Asian HVDC Transmission Market Forecast 2013-2023 ($m, AGR%)
Figure 4.10 Asian HVDC Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.11 HVDC Transmission Distance Added in China (km), Year of Completion, 2013-2018
Figure 4.12 Percentage of HVDC Transmission Added by Distance, China vs. RoW (%)
Figure 4.13 Yangtze River Dams Completed, Planned and Under Construction (excluding tributary projects), (Distance from Mouth (km), Elevation (metres))
Figure 4.14 European HVDC Transmission Market Forecast 2013-2023 ($m, AGR %)
Figure 4.15 European HVDC Transmission Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.16 Average HVDC Transmission Cost per km, RoW, EU & Asia ($m)
Figure 4.17 North American HVDC Transmission Market Forecast 2013-2023 ($m, AGR %)
Figure 4.18 North American HVDC Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.19 Estimated Levelised 2018 Cost of New Power Generation, US ($/MWh)
Figure 4.20 Map of Hawaii - Channel Depth and Telecommunication Cables
Figure 4.21 South American HVDC Transmission Market Forecast 2013-2023 ($m, AGR %)
Figure 4.22 South American HVDC Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.23 African HVDC Transmission Market Forecast 2013-2023 ($m, AGR %)
Figure 4.24 African HVDC Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.25 Sub-Saharan GDP Growth Rates, 2005-2011 (% Change)
Figure 4.26 South East Asian and Oceanian HVDC Transmission Market Forecast 2013-2023 ($m, AGR %)
Figure 4.27 South East Asian and Oceanian Market Share Forecast 2013, 2018 and 2023 (% Share)
Figure 4.28 Indonesia, Malaysia & Philippines GDP per Capita, Purchasing Power Parity, AGR (%), 2005-2011; GWh Consumption, 2009
Figure 7.1 Leading Companies in the HVDC Transmission Market
Figure 7.2 HVDC Component Suppliers Share of Confirmed HVDC Transmission Projects (%)
Figure 7.3 HVDC Transmission Project Averages - Cost ($m), Voltage (kV), Power Rating (MW) - by Component Supplier
Figure 8.1 Regional HVDC Transmission Markets Forecast 2013-2023 ($m)
Figure 8.2 Regional and Global HVDC Markets CAGRs % (2013-2018, 2018-2023, 2013-2023)
Figure 8.3 Regional HVDC Transmission Market Shares, 2013-2023 (%)

Companies Listed

50Hertz
ABB
Abengoa Group
Adani Group
Agder Energi
Alstom
AltaLink
Amprion
AMSC
APS Technology Group
Atco Electric
Atlantic Wind Connection
Borealis
Bregal Energy Inc
C-EPRI
China Southern Power Grid Company
Clean Line Energy Partners LLC
C.N.T.E.E. Transelectrica S.A.
Colbun
DEH Quantum Energy
Desertec
Draka
Duke American Transmission Company
E-CO Energi
EDF
EDF Trading
EGL (Elektrizitäts-Gesellschaft Laufenburg)
Egypt Electricity Transmission Company
Eirgrid
Electrabel
Electrical Interconnection Company Colombia-Panama SA
Electricidade de Moçambique (EDM)
Electrobras
Element Power
Elering
Eletronorte
Eletrosul
Elia
Emera
EnBW
ENEL Endesa Group
Energinet.dk
ENL Maritime Link Inc
Eskom
Ethiopian Electric Power Corporation
Eurotunnel
Fingrid
Fujikura
Furukawa Electric
Google
Hidroeléctrica De Cahora Bassa
Hudson Transmission Partners, LLC
Invensys
Israel Electric Corporation
KfW
Korea Electronic Power Corporation (KEPCO)
Kraftnat Aland
Lapp
Landsvirkjun
LITGRID
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)
Nexans
Northeast Utilities
Norte Brasil Transmissora de Energia
Norte Energia consortium
Northern Pass Transmission LLC
NSTAR
Nur Energie
PLN (Perusahaan Listrik Negara)
Polish Transmission System Operator (TSO) PSE Operator S.A
Powergrid Corporation of India
Power-One
PPC Renewables
Prysmian
Red Electrica de España
REN
RTE (Réseau de Transport d'Électricité)
Saudi Electric Company
Scottish Power
Scottish and Southern Energy (SSE)
Siemens
Société Nationale d'Électricité
Sonelgaz
SNC-Lavalin
State Grid Corporation of China (SGCC)
Statnett
Statoil
Star Capital Partners
STEG (Société Tunisienne de l´Electricité et du Gaz)
Svenska Kraftnät
TenneT B.V.
TERNA
Toshiba
Transcanada Corp
Transelec
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
Europacable
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

Read the full report:
The High Voltage Direct Current (HVDC) Transmission Market 2013-2023

http://www.reportbuyer.com/energy_utilities/electricity/high_voltage_direct_current_hvdc_transmission_market_2013_2023.html

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