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Global High Voltage Direct Current (HVDC) Transmission Systems Market
High-voltage, direct current (HVDC) system is an electrical power transmission system which uses direct current for long distance electrical power transmission as opposed to more common alternating current power transmission systems. These systems are economical and offers better stability than AC line or AC cable and can be easily customized to specific function to improve the reliability of the network. HVDC systems can be applied at any voltage levels which makes it possible to connect the systems between two asynchronous networks. Demand for the HVDC systems is mainly from the countries where power stations are located at larger distance from consumer ends such as India & China and is less from the densely populated areas such as countries in Europe since the electrical losses are negligible at smaller distances. Global HVDC market is witnessing new product developments and large scale agreements, collaborations and partnerships across the value chain, with a number of tier-one companies globally. Currently large number of projects deployed uses line Commuted converter LCC technology, however focus on increasing the use of non-renewable energy sources has increased the demand for voltage Source Converter technology VSC.
Global Agricultural Equipment Market
Agricultural equipment consist of various farm field and farmstead machinery used for crop cultivation and production of agricultural livestock. Agricultural equipment reduces human effort and provides ease of operation in various farming activities such as soil cultivation, planting, fertilizers & pest control activities, irrigation, produce sorting, harvesting, hay making, milking, animal feeding and others. The use of agricultural equipment in farming delivers improved harvest quality within reduced period of time. The expansion of population around the globe, especially in developing countries portrays a positive picture for the agricultural equipment market in the near future, as increased population will lead to increased demand for food, which in turn raises farm income. The agricultural equipment market is increasing due to continuous focus of manufacturers on providing technically advanced solutions such as advanced farming equipment needed for precision farming. Increasing technology in agriculture equipment market reduce the overall farming cost. Further, improvement in economic condition in near future tends to increase investment in agricultural equipment market. In case of mature markets, farms tends to be large, requiring mechanization and thus implementing agricultural equipment to carry out various farming activities.
