The electricity generation, transmission, distribution, and consumption processes, within the vast industrial landscape, are undergoing dramatic changes. The electricity markets, par ticularly concerning the transmission and distribution network, have undergone restructuring, paving way to more advanced transmission technologies in the developing countries. High-voltage direct current (HVDC) technology is one of the catalysts that is driving transformation in the electricity market. HVDC transmission technology is a crucial technology, holding a potential to disrupt the power transmission landscape of the world. This technology is at the forefront of the emerging "smart grid" revolution, and it has emerged as an economically viable solution for bulk and long-distance power transmission. Various countries are adopting HVDC over HVAC, due to its cutting-edge features, such as long-distance transmission, asynchronous transmission, ease in controlling the active power link, the possibility of bulk power transmission, and low loss (typically 30-50% less transmission loss than comparable alternating current overhead lines) in transmission of power.

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

5. MARKET SEGMENTATION

6. COMPETITIVE LANDSCAPE

7. MARKET OPPORTUNITIES AND FUTURE TRENDS