A Glimpse on Latest Breakthroughs in High Voltage Direct Current (HVDC) Transmission Systems

31 Jan
2024

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Highlights:

What recent breakthroughs in HVDC can enhance your business capabilities?
Why is it essential for businesses to opt for HVDC transmission systems?
Global overview of the booming HVDC transmission domain

In the ever-evolving realm of power transmission, HVDC transmission systems have emerged as a transformative technology. Unlike AC power transmission technology, it is efficient for long distances and high-voltage power transmission. HVDC transmission systems support a cost-effective infrastructure and help reduce energy waste and copper use. Many industries rely on HVDC power transmission because of its greater efficiency and lower carbon emissions.

What recent breakthroughs in HVDC transmission can enhance your business capabilities?

With continuous technological advancements, the HVDC transmission systems have undergone several transformations, redefining the electrical grid landscape. Ultra-high voltage direct current (UHVDC) is a groundbreaking power transmission technology that enables the transmission of ultra-high voltage electricity across large areas. It supports efficient transmission of electricity from remote sources to highly dense areas, as it possesses greater power capacity.

On the other hand, the innovation of voltage source converters has provided more controlled and flexible power transmission solutions. Unlike traditional HVDC systems, these converters offer bi-directional power flow, expanding their applicability. With this additional feature, they can support connecting renewable energy sources to the grid, promoting sustainability in power transmission. Based on technological advancements, the voltage source converters sub-segment is expected to manifest the highest CAGR of 8.8% during 2023-2032.

In addition, the invention of HVDC circuit breakers has further improved HVDC power transmission with high-level protection. They can help identify the malfunctioning sections within the electrical grids, ensuring the stability of the overall system. Modern HVDC circuit breakers are capable of faster fault clearing and fault handling capabilities, reducing downtime and power disruptions.

Why are HVDC transmission systems essential for industries?

For industries, these systems can offer unparalleled solutions as they support bulk power transfer over long distances with minimal energy losses. This is mainly because DC power possesses less capacitive losses than AC power. Moreover, HVDC power systems support precise control capabilities that promote grid stability and ensure a reliable power supply for industries globally. Additionally, this power transmission technology can help run various industrial operations as it can contribute to increased energy efficiency and offer a cost-effective and sustainable way of transmitting power.

Global insights into the accelerating HVDC transmission industry

The global high voltage direct current transmission industry is observing progressive growth due to the increasing integration of HVDC transmission systems with renewable energy sources. Moreover, the rising emphasis on incorporating modern grids with enhanced stability can boost the domain with extensive goals. The domain is examined across various regions including North America, Europe, Asia-Pacific, and LAMEA. Based on country-wise analysis, India is predicted to showcase the highest CAGR of 9.7% during 2023-2032. To foster the competitive landscape, several prominent players in this sector have come up with inventive product launches. A suitable instance in this context is the launch of a new 525 kV HVDC cable technology by Prysmian Group, a leading provider of energy and telecom cable systems. With this launch, the company aimed to offer more efficient, reliable, and sustainable power transmission.

To wrap up, the increasing emphasis on sustainable power transmission by governments of many nations, due to emerging environmental concerns will drive the domain with greater opportunities. Moreover, continuous technological innovations in developing eco-friendly power transmission solutions can bring immense possibilities across the sector.

To capitalize on the investment opportunities in the HVDC transmission domain, feel free to talk to our experts today!

Koyel Ghosh

Author’s Bio- Koyel Ghosh is a blogger with a strong passion and enjoys writing in miscellaneous domains, as she believes it lets her explore a wide variety of niches. She has an innate interest in creativity and enjoys experimenting with different writing styles. A writer who never stops imagining, she has been serving the corporate industry for the last five years.

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