WiredInUSA-November2015

INDEX

The market for HVDC and high voltage alternating current submarine electricity transmission systems is highly specialized. Analysis of existing and planned systems indicates that the submarine transmission industry will continue to experience substantial growth for years to come. In Europe, the transmission system requires extensive reconfiguration and expansion to deal with coal and nuclear generation plant retirements and the rapid growth of offshore and onshore wind generation in the Nordic region, as well as in other remote offshore areas. The European market will likely account for over half of the global submarine cable projects over the next decade. According to Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024. This latest Navigant Research report analyzes the global market for submarine electricity transmission systems. The study provides an analysis of the market issues, including market drivers and regulations and policies, associated with submarine electricity transmission projects. Global market forecasts for project value, segmented by technology and region, extend through 2024. The report also provides case studies and examines the key technologies related to submarine electricity transmission systems, as well as the competitive landscape.

HVDC report

wiredInUSA - November 2015 ire In - N ve er 2015

21