PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: RESEARCH METHODOLOGY PART 04: MARKET LANDSCAPE • Market ecosystem • Market characteristics • Market segmentation analysis PART 05: MARKET SIZING • Market definition • Market sizing 2017 • Market size and forecast 2017-2022 PART 06: FIVE FORCES ANALYSIS • Bargaining power of buyers • Bargaining power of suppliers • Threat of new entrants • Threat of substitutes • Threat of rivalry • Market condition PART 07: MARKET SEGMENTATION BY TECHNOLOGY • Segmentation by technology • Comparison by technology • LCC – Market size and forecast 2017-2022 • VSC – Market size and forecast 2017-2022 • Market opportunity by technology PART 08: CUSTOMER LANDSCAPE PART 09: REGIONAL LANDSCAPE • Geographical segmentation • Regional comparison • APAC – Market size and forecast 2017-2022 • EMEA – Market size and forecast 2017-2022 • Americas – Market size and forecast 2017-2022 • Key leading countries • Market opportunity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES • Market drivers • Market challenges PART 12: MARKET TRENDS • Development of supergrid • Growing focus on energy efficiency • Growing investment in T&D infrastructure PART 13: VENDOR LANDSCAPE • Overview • Landscape disruption • Competitive scenario PART 14: VENDOR ANALYSIS • Vendors covered • Vendor classification • Market positioning of vendors • ABB • BHEL • GE Power • Mitsubishi Electric • Siemens • TOSHIBA PART 15: ABBREVIATION • List of abbreviations   Exhibit 01: Parent market Exhibit 02: Global T&D market Exhibit 03: Market characteristics Exhibit 04: Market segments Exhibit 05: Market definition - Inclusions and exclusions checklist Exhibit 06: Market size 2017 Exhibit 07: Validation techniques employed for market sizing 2017 Exhibit 08: Global HVDC converter stations market – Market size and forecast 2017-2022 ($ mn) Exhibit 09: Major HVDC markets Exhibit 10: Right of way comparison for approximately 2 GW Exhibit 11: Relative cost of 2,000 MW AC and DC transmission Exhibit 12: Global HVDC converter stations market – Year over year growth 2018-2022 (%) Exhibit 13: Five forces analysis 2017 Exhibit 14: Five forces analysis 2022 Exhibit 15: Bargaining power of buyers Exhibit 16: Bargaining power of suppliers Exhibit 17: Threat of new entrants Exhibit 18: Threat of substitutes Exhibit 19: Threat of rivalry Exhibit 20: Market condition - Five forces 2017 Exhibit 21: Global HVDC converter stations market by technology – Market share 2017-2022 (%) Exhibit 22: Comparison by technology Exhibit 23: Global HVDC converter stations market by LCC– Market size and forecast 2017-2022 ($ mn) Exhibit 24: Global HVDC converter stations market by LCC – Year over year growth 2018-2022 (%) Exhibit 25: Global HVDC converter stations market by VSC – Market size and forecast 2017-2022 ($ mn) Exhibit 26: Global HVDC converter stations market by VSC – Year over year growth 2018-2022 (%) Exhibit 27: Market opportunity by technology Exhibit 28: Customer landscape Exhibit 29: Global HVDC converter stations market by region – Market share 2017-2022 (%) Exhibit 30: Regional comparison Exhibit 31: HVDC converter stations market in APAC – Market size and forecast 2017-2022 ($ mn) Exhibit 32: HVDC converter stations market in APAC – Year over year growth 2018-2022 (%) Exhibit 33: HVDC converter stations market in EMEA – Market size and forecast 2017-2022 ($ mn) Exhibit 34: HVDC converter stations market in EMEA – Year over year growth 2018-2022 (%) Exhibit 35: HVDC converter stations market in Americas – Market size and forecast 2017-2022 ($ mn) Exhibit 36: HVDC converter stations market in Americas – Year over year growth 2018-2022 (%) Exhibit 37: Key leading countries Exhibit 38: Market opportunity Exhibit 39: Average distance of wind farm from shore (1991-2016) Exhibit 40: Benefits of interconnected systems Exhibit 41: Benefits of distribution generation Exhibit 42: Countries with energy-efficiency targets and policies 2015 Exhibit 43: Global cumulative energy-efficiency investments 2014-2035 (%) Exhibit 44: Global investments in electricity networks, 2000-2016 ($ billions) Exhibit 45: Vendor landscape Exhibit 46: Landscape disruption Exhibit 47: Vendors covered Exhibit 48: Vendor classification Exhibit 49: Market positioning of vendors Exhibit 50: ABB overview Exhibit 51: ABB – Business segments Exhibit 52: ABB – Organizational developments Exhibit 53: ABB – Geographic focus Exhibit 54: ABB – Segment focus Exhibit 55: ABB – Key offerings Exhibit 56: BHEL overview Exhibit 57: BHEL – Business segments Exhibit 58: BHEL – Organizational developments Exhibit 59: BHEL – Geographic focus Exhibit 60: BHEL – Segment focus Exhibit 61: BHEL – Key offerings Exhibit 62: GE Power overview Exhibit 63: GE Power – Business segments Exhibit 64: GE Power – Organizational developments Exhibit 65: GE Power – Geographic focus Exhibit 66: GE Power* – Segment focus Exhibit 67: GE Power – Key offerings Exhibit 68: Mitsubishi Electric overview Exhibit 69: Mitsubishi Electric – Business segments Exhibit 70: Mitsubishi Electric – Organizational developments Exhibit 71: Mitsubishi Electric – Segment focus Exhibit 72: Mitsubishi Electric – Geography focus Exhibit 73: Mitsubishi Electric – Key offerings Exhibit 74: Siemens overview Exhibit 75: Siemens – Business segments Exhibit 76: Siemens – Organizational developments Exhibit 77: Siemens – Geographic focus Exhibit 78: Siemens – Segment focus Exhibit 79: Siemens – Key offerings Exhibit 80: TOSHIBA overview Exhibit 81: TOSHIBA – Business segments Exhibit 82: TOSHIBA – Organizational developments Exhibit 83: TOSHIBA – Geographic focus Exhibit 84: TOSHIBA – Segment focus Exhibit 85: TOSHIBA – Key offerings

ABB BHEL GE Power Mitsubishi Electric Siemens TOSHIBA