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Market Share & Future Growth with Forecast of Global Converter Transformer Market | Ozone Market Reports
by Ozone Market Reports · September 14 Deion Jones Shirt , 2018


Ozone Market Reports projects that the Converter Transformer market size will grow from USD 1280.8 Million in 2017 to USD 3564.6 Million by 2023, at an estimated CAGR of 18.6%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.


There has been a rapid growth in demand for energy following increased population and industrial need for electricity in the past few years. With the increasing need of energy transmission over long distances, HVDC technology is expected to play a pivot role in the future globally. HVDC transmission facilitates high voltage electricity transmission between generation and consumption centers over long distances. Owing to the stringent environmental regulations being adopted across countries, there is a growing need for cable-based transmission instead of overhead lines for transmitting power over long distances. Also, energy generation from renewable sources such as offshore wind farms, hydel plants, and remotely located solar panels is expected to witness an exponential growth rate in the next decade. With continued high investments in HVDC transmission technology Keanu Neal Shirt , the market for Converter transformers is expected to grow at a fast pace. The converter transformer is one of the most important components in an HVDC converter station. Converter transformer plays a vital role in terms of total cost of an HVDC converter station, as it affects the performance of the entire connected electric power system. A converter transformer is used to step-up the voltage of the AC supply network. It acts as an interface between the AC system and the thyristor valves in HVDC systems. A major advantage of an Converter transformer is that, it acts as a galvanic barrier between the AC and DC system to prevent the DC potential to enter the AC systems. It also transforms voltage between the AC supply and the HVDC system.



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The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.


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Ozone Market Reports is committed towards delivering intensive research based analysis reports, enabling clients to easily make fact-based decisions. We also have with us the facility of our innovatively designed and developed data processing and analysis division.


Ozone Market Reports is a research-based consulting firm specializing in getting research inputs and using them appropriately in the marketing planning process. In saying this, we are trying to convey that we always attempt to interpret the research data from the viewpoint of recommending action priorities – both Focus on up to 10 meticulou. Wholesale Air Jordan Shoes Wholesale Nike Air Max Shoes Cheap Nike Shoes Free Shipping Wholesale Womens Nike Shoes Wholesale Nike Shoes Wholesale Nike Running Shoes Cheap Air Max 270 Light Bone Cheap Air Max 90 Online Cheap Nike Air Max 90 Infrared Cheap Air Max 270 Shoes

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