Product Code: ETC6182579 | Publication Date: Sep 2024 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The high voltage direct current (HVDC) transmission systems market in Australia is linked to the increasing demand for more efficient power transmission systems, especially in the context of renewable energy integration. HVDC technology allows for long-distance transmission of electricity with minimal losses, making it ideal for connecting remote renewable energy sites to urban areas. Australia`s efforts to modernize its power grid and reduce carbon emissions are fueling growth in this market.
The high voltage measuring equipment market in Australia is driven by the need for precise monitoring and measurement of high voltage systems in power generation, transmission, and distribution networks. These instruments ensure the safe and efficient operation of high voltage systems and are essential in testing and commissioning new infrastructure. With the increased use of renewable energy sources and the ongoing upgrade of the national grid, the demand for high voltage measuring equipment is set to grow.
The HVDC transmission systems market in Australia is challenged by the high initial capital required for the development of HVDC lines and converter stations. In addition, the regulatory and permitting processes can be slow, causing delays in the deployment of new HVDC projects. There is also competition from traditional AC transmission systems, which are more established in the market, making the transition to HVDC more difficult.
The expansion of HVDC transmission systems is critical to Australias energy transition goals. Investment prospects are robust in this sector due to government support for interconnection projects that aim to link energy-rich areas with demand centers. Large-scale renewable projects require advanced HVDC lines to transport power efficiently. Stakeholders in grid infrastructure development, transmission component manufacturing, and engineering services can find lucrative long-term opportunities in this sector.
In Australia, HVDC transmission systems are a focal point for enhancing the national grid, particularly for renewable energy integration. Government policies have supported the development of HVDC systems as part of the countrys energy transition strategy. Federal and state governments have invested in HVDC interconnectors to connect remote renewable energy sources to population centers. Additionally, regulatory frameworks have been established to ensure the effective and efficient deployment of HVDC technology, promoting energy efficiency and grid resilience.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Australia High Voltage Direct Current (HVDC) Transmission Systems Market - Industry Life Cycle |
3.4 Australia High Voltage Direct Current (HVDC) Transmission Systems Market - Porter's Five Forces |
3.5 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume Share, By Transmission Type, 2021 & 2031F |
3.6 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Trends |
6 Australia High Voltage Direct Current (HVDC) Transmission Systems Market, By Types |
6.1 Australia High Voltage Direct Current (HVDC) Transmission Systems Market, By Transmission Type |
6.1.1 Overview and Analysis |
6.1.2 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume, By Transmission Type, 2021- 2031F |
6.1.3 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume, By HVDC Overhead Transmission System, 2021- 2031F |
6.1.4 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume, By HVDC Underground, 2021- 2031F |
6.1.5 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume, By Submarine Transmission System, 2021- 2031F |
6.2 Australia High Voltage Direct Current (HVDC) Transmission Systems Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume, By Converter Stations, 2021- 2031F |
6.2.3 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenues & Volume, By Transmission Medium (Cables), 2021- 2031F |
7 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Import-Export Trade Statistics |
7.1 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Export to Major Countries |
7.2 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Imports from Major Countries |
8 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Key Performance Indicators |
9 Australia High Voltage Direct Current (HVDC) Transmission Systems Market - Opportunity Assessment |
9.1 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Opportunity Assessment, By Transmission Type, 2021 & 2031F |
9.2 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Australia High Voltage Direct Current (HVDC) Transmission Systems Market - Competitive Landscape |
10.1 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Revenue Share, By Companies, 2024 |
10.2 Australia High Voltage Direct Current (HVDC) Transmission Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |