HVDC Transmission Market Share

HVDC Transmission Market Share Analysis

The global landscape experienced impediments that affected the seamless execution of new projects. Despite hindrances, work persisted during lockdowns, causing only delays rather than halting progress. In the Asia-Pacific (APAC) region, notable developments included the commissioning of five High Voltage Direct Current (HVDC) projects, with various governments announcing plans for future HVDC projects. For example, the Indian state of Maharashtra initiated a 1 GW project with proposed 80 km HVDC transmission lines. In Europe, several HVDC projects commenced construction, such as the Viking Link HVDC project linking the UK and Denmark, which started in July 2020. While some projects, like the Johan Sverdrup p2 project in Spain, faced delays due to pandemic-induced supply chain disruptions, significant impacts on regions were mitigated, with delays in project completion and extended timelines being the primary outcomes.

Pathology practices globally have adapted to the new normal introduced by the COVID-19 pandemic, which includes revenue losses, temperature checks, emergency loans, and the adoption of remote working. The pandemic and subsequent disruptions severely impacted global GDP in 2020, experiencing a sharp 4.3% decrease, according to the World Bank. Every region faced significant growth downgrades, with the US contracting by 3.6%, the Euro area by 3.6%, the Middle East & North Africa by 5.0%, Europe & Central Asia by 2.9%, South Asia by 6.7%, and Latin America and the Caribbean by 6.9%. In contrast, the East Asia & the Pacific region saw an estimated growth of 0.9%. The manufacturing, supply chain, and distribution channels were adversely affected by decreased demand and supply, labor availability, and trade barriers. As government authorities predominantly commission most HVDC projects, a reduction in GDP may impede the required investment for developing new HVDC projects. However, these downturns are anticipated to reverse over time.
Manufacturers play a pivotal role in the HVDC transmission market supply chain, contributing significant value to the end product. The process begins with the procurement of raw materials, which are then utilized to manufacture HVDC transmission based on the finalized design. Manufacturers typically conduct the manufacturing process in their in-house facilities.
In the manufacturing process, small metal wires are tightly rolled into a larger conductor core, forming the central section of the cable. Subsequently, an insulation layer is applied over the conductor, and it is typically made of either XLPE (cross-linked polyethylene) or EPR (ethylene propylene rubber). The final product undergoes stringent quality measures, including a quality control test conducted at a voltage of 50 to 60 Hz with very high sensitivity. Only after successful quality assurance, the product is prepared for distribution.