France HVDC Transmission Market
France’s HVDC transmission market is evolving as the country seeks to modernize its electricity infrastructure and enhance the integration of renewable energy sources. As part of its energy transition strategy, France is investing in HVDC technology to address challenges related to long-distance power transmission, grid stability, and renewable energy integration.
The French government’s commitment to reducing carbon emissions and increasing the share of renewable energy in the electricity mix is a major driver for the HVDC market. HVDC systems are particularly well-suited for transmitting electricity from renewable energy sources, such as offshore wind farms and solar plants, to major consumption centers in France. The development of HVDC infrastructure supports the country’s goal of achieving a low-carbon energy system and enhancing grid reliability.
One of the key HVDC projects in France is the Réseau de Transport d'Électricité (RTE) project, which aims to improve the connectivity between France and neighboring countries through HVDC interconnectors. This project is expected to enhance cross-border electricity trading, increase grid stability, and support the integration of renewable energy into the French grid.
France’s regulatory environment and government incentives play a crucial role in supporting the HVDC market. Policies such as the Energy Transition for Green Growth Act and the Multiannual Energy Plan (PPE) provide a favorable framework for the deployment of HVDC technology and the development of related infrastructure.
In summary, the HVDC transmission market in France is advancing due to the need for renewable energy integration, grid modernization, and cross-border connectivity. The country’s strategic projects and supportive policies are driving the growth of HVDC technology and contributing to its energy transition goals.
The HVDC Transmission Market is estimated to be worth USD 22 Billion by 2032, registering an 7.45% CAGR during the forecast period (2024- 2032).
High Voltage Direct Current (HVDC) is applied in long-distance transmission. HVDC power transmission systems utilize DC for electricity transmission. Due to the DC (DC), HVDC systems asynchronously connect power grids therein particular areas which eliminate numerous outage-causing issues. High voltage DC (HVDC) transmission systems are comparatively less costly for long-distance electricity transmission and produce lower electrical losses. HVDC systems facilitate the transmission of power generated from solar panels and wind plants at long distances. The designing and developing processes of the HVDC transmission system rely on three components, the converter station at the transmission and receiving ends, the transmission medium, and the electrodes.
HVDC transmission is more affordable for considerable distance power transmission and generates lower electrical misfortunes responsible for the growth of the HVDC transmission market in the coming future. The other factor pushing the growth of the HVDC Transmission Market is the boosting demand for cable-based transmission as opposed to transmission via overhead lines. Increasing demand for VSC (Voltage Source Converter) based high voltage direct current (VSC-HVDC) transmission systems that provide total flow control in both directions, stop fault propagation, and lower network losses are estimated to push the market.
The HVDC Transmission Market report provides an integrated evaluation of the market. The report provides a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a significant role in the market.
Regional Analysis
The HVDC Transmission Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The HVDC Transmission Market in APAC is witnessing exponential growth in power consumption. The event of power infrastructure during this region tenders many growth opportunities for market players. These factors are estimated to fuel the HVDC Transmission Market in APAC within the coming years.
The HVDC transmission systems market in North America is projected to grow during the forecast period, due to plans to develop the offshore wind farm sector, cheap long-distance transmission costs, controllability, and low short circuit current. Due to the amplification of renewable power generation and offshore wind installations, the United States obtained the greatest market share in North America over the projection period.
Market Segmentation
The HVDC Transmission Market is segmented into the following types;
By Component
- Products
- AC & DC Harmonic Filters
- Converters
- DC Lines
- Circuit Breakers
- Others
- Services
- Repairs & Maintenance
- Engineering & Consulting
By Technology
- Line Commutated Converters (LCC)
- Voltage Source Converters (VSC)
- Others
By Application
- Energy Transmission & Distribution
- Distributed Energy Resources (DER)
- Renewable Energy
By Deployment
- Overhead
- Underground
- Subsea
- Combination
By Power Rating
- Below 1000 MW
- 1001 - 2000 MW
- Above 2000 MW
Key Players
The HVDC Transmission Market’s prominent key players are Siemens (Germany), Toshiba Corporation (Japan), ABB Group (Switzerland), Schneider Electric (France), Adani (India), Hitachi Energy (Japan), General Electric Co. (US), Mitsubishi Electric Corporation (Tokyo), Alstom (France), NKT A/S (Copenhagen), Nexans (France).
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