LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global high voltage direct current (HVDC) transmission systems market report from 2017-2021. This market research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The global HVDC transmission systems market has a considerable number of vendors providing a comprehensive product portfolio, necessary for the installation of HVDC systems. The prominent players in the market are ABB, GE, Hitachi, Mitsubishi Electric Corporation, and Siemens AG. These vendors provide specialized and highly sophisticated HVDC transmission systems and components. These players offer an extensive range of products, such as transformers, capacitors, and cables, and provide complete turnkey development to sustain the competition in the market. The companies also provide customized services and products as per the requirements and need of the different end-users.
According to Kalle Palli Rama Deepak, a lead analyst at Technavio for automation research, “The vendors are increasing the investment in product development and providing innovative solutions for different applications. The global HVDC transmission systems market is witnessing bulk procurement of components from multiple vendors for a single HVDC project, thereby increasing the need to develop components with reduced interoperability issues.”
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Technavio market research analysts identify the following key vendors:
ABB provides power technology products and automation solutions to diverse industries, including utilities, transport, manufacturing, automotive, and infrastructure industries. The company focuses on maintaining a competitive position in terms of product offerings with innovative consulting, design, and advanced software-based services. The company is also focusing on strengthening the cross-business customer collaboration to simplify and enhance internal processes.
GE Grid Solutions
GE is involved in manufacturing and distribution of products and services including aircraft engines, power generation, business and consumer financing, oil and gas production equipment, and industrial products. The company is providing HVDC products and solutions through a joint venture with Alstom under GE Grid Solutions.
Hitachi is a global electronics company focused on information and technology systems, power system, urban development system, industrial, and transportation. The company is offering HVDC solutions through a joint venture company Hitachi ABB HVDC Technologies.
Mitsubishi Electric Corporation
Mitsubishi Electric Corporation is a manufacturer and provider of electronics and electrical equipment used in applications such as information processing and communication, satellite and communication, energy, industrial technology, consumer electronics, building equipment, and transportation. The company announced that it developed a high-speed direct-current (DC) circuit-interruption technology for railway power-supply systems.
Siemens is a German multinational company with core activities in the field of industry, energy, healthcare, and infrastructure. The company has a strong process instrumentation portfolio, offering transmitters used in various applications. These process instruments are used for pressure, measuring flow, temperature, and level. In addition, the company offers process controllers, electro-pneumatic positioners, power grid and transmission, process recorders, and industrial wireless sensors.
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