HVDC Transmission Systems Market in UK to Grow by $ 328.38 Million through 2022-2026
Key Drivers and Market Trends
Optimal solution for long-distance transmission power and growing focus on energy efficiency in the UK are among the key factors likely to drive market growth. The HVDC Transmission Systems market in UK is expected to grow by $ 328.38 million, accelerating at a CAGR of 7.78% till 2025.
This research report analyses all the growth drivers that are likely to boost market growth along with market trends. The report also assesses the market segments and regional segments to provide a comprehensive analysis of the market in focus. The purpose of this research report is to create a 360-degree view of the market for our clients. The key takeaways from this report will equip our client with clear insights to strategize future growth plans.
HVDC Transmission Systems Market in UK : Segments and Geographical Regions
- This report segments the market Type (Subsea transmission, Underground transmission, and Overhead transmission) and Component (Converter Stations and Transmission Medium).
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
HVDC Transmission Systems Market in UK : Vendor Analysis
- The market is concentrated due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- General Electric Co., Hitachi Ltd., Mitsubishi Electric Corp., National Grid Plc, NR Electric Co. Ltd., Prysmian Spa, Rongxin Power Ltd., Siemens AG, Sumitomo Electric Industries Ltd., and Toshiba Corp. are some of the major market participants.
Market Segmentation by Type
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- HVDC Transmission Systems Market in UK Split by Type
- Subsea transmission
- Underground transmission
- Overhead transmission
- HVDC Transmission Systems Market in UK Split by Component
- Converter Stations
- Transmission Medium
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- General Electric Co.
- Hitachi Ltd.
- Mitsubishi Electric Corp.
- National Grid Plc
- NR Electric Co. Ltd.
- Prysmian Spa
- Rongxin Power Ltd.
- Siemens AG
- Sumitomo Electric Industries Ltd.
- Toshiba Corp.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 7.78%.
- What is the incremental growth of the market?
The market is expected to grow by $ 328.38 mn through 2022-2026.
- What is a key factor driving this market?
optimal solution for long-distance transmission Power will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Americas are the key regions featured in this research report.
- Which is the leading geographic region for this market:
100% growth will originate from UK
- Who are the leading market vendors?
The leading vendors in this market are General Electric Co., Hitachi Ltd., Mitsubishi Electric Corp., National Grid Plc, NR Electric Co. Ltd., Prysmian Spa, Rongxin Power Ltd., Siemens AG, Sumitomo Electric Industries Ltd., and Toshiba Corp.
- What are the market segments covered in this report?
The market is segmented by Type (Subsea transmission, Underground transmission, and Overhead transmission) and Component (Converter Stations and Transmission Medium)
