Global HVDC Transmission System Market Size, Manufacturers, Opportunities and Forecast to 2030

Global HVDC Transmission System Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

HVDC Transmission System uses direct current for the bulk transmission of electrical power, in contrast with the more common alternating current (AC) systems. For long-distance transmission, HVDC systems may be less expensive and suffer lower electrical losses. For underwater power cables, HVDC avoids the heavy currents required to charge and discharge the cable capacitance each cycle. For shorter distances, the higher cost of DC conversion equipment compared to an AC system may still be justified, due to other benefits of direct current links. HVDC allows power transmission between unsynchronized AC transmission systems. Since the power flow through an HVDC link can be controlled independently of the phase angle between source and load, it can stabilize a network against disturbances due to rapid changes in power. HVDC also allows transfer of power between grid systems running at different frequencies, such as 50 Hz and 60 Hz. This improves the stability and economy of each grid, by allowing exchange of power between incompatible networks.

According to APO Research, The global HVDC Transmission System market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for HVDC Transmission System is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for HVDC Transmission System is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for HVDC Transmission System is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global companies of HVDC Transmission System include ABB, Siemens, XD, NR Electric, GE Grid Solution, NKT, TBEA, XJ Group Corporation and Hitachi ABB Power Grids, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for HVDC Transmission System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVDC Transmission System.
The HVDC Transmission System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global HVDC Transmission System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, gross margin by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

ABB
Siemens
XD
NR Electric
GE Grid Solution
NKT
TBEA
XJ Group Corporation
Hitachi ABB Power Grids
Nexans
Toshiba
Mitsubishi Electric
Abengoa
Prysmian Group
China XD Group
HVDC Transmission System segment by Type

Below 400 kV
Between 400-800 kV
Above 800 kV
HVDC Transmission System segment by Application

Overhead Transmission
Underground Transmission
Subsea Transmission
HVDC Transmission System Segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global HVDC Transmission System market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of HVDC Transmission System and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of HVDC Transmission System.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2019-2024, 2025-2030). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 3: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 4: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 5: Detailed analysis of HVDC Transmission System companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter 12: Concluding Insights of the report


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.3 Global HVDC Transmission System Market Size Overview by Region 2019 VS 2023 VS 2030
1.4 Global HVDC Transmission System Market Size by Region (2019-2030)
1.4.1 Global HVDC Transmission System Market Size by Region (2019-2024)
1.4.2 Global HVDC Transmission System Market Size by Region (2025-2030)
1.5 Key Regions HVDC Transmission System Market Size (2019-2030)
1.5.1 North America HVDC Transmission System Market Size Growth Rate (2019-2030)
1.5.2 Europe HVDC Transmission System Market Size Growth Rate (2019-2030)
1.5.3 Asia-Pacific HVDC Transmission System Market Size Growth Rate (2019-2030)
1.5.4 Latin America HVDC Transmission System Market Size Growth Rate (2019-2030)
1.5.5 Middle East & Africa HVDC Transmission System Market Size Growth Rate (2019-2030)
2 HVDC Transmission System Market by Type
2.1 Type Introduction
2.1.1 Below 400 kV
2.1.2 Between 400-800 kV
2.1.3 Above 800 kV
2.2 Global HVDC Transmission System Market Size by Type
2.2.1 Global HVDC Transmission System Market Size Overview by Type (2019-2030)
2.2.2 Global HVDC Transmission System Historic Market Size Review by Type (2019-2024)
2.2.3 Global HVDC Transmission System Market Size Forecasted by Type (2025-2030)
2.3 Global HVDC Transmission System Market Size by Regions
2.3.1 North America HVDC Transmission System Market Size Breakdown by Type (2019-2024)
2.3.2 Europe HVDC Transmission System Market Size Breakdown by Type (2019-2024)
2.3.3 Asia-Pacific HVDC Transmission System Market Size Breakdown by Type (2019-2024)
2.3.4 Latin America HVDC Transmission System Market Size Breakdown by Type (2019-2024)
2.3.5 Middle East and Africa HVDC Transmission System Market Size Breakdown by Type (2019-2024)
3 HVDC Transmission System Market by Application
3.1 Type Introduction
3.1.1 Overhead Transmission
3.1.2 Underground Transmission
3.1.3 Subsea Transmission
3.2 Global HVDC Transmission System Market Size by Application
3.2.1 Global HVDC Transmission System Market Size Overview by Application (2019-2030)
3.2.2 Global HVDC Transmission System Historic Market Size Review by Application (2019-2024)
3.2.3 Global HVDC Transmission System Market Size Forecasted by Application (2025-2030)
3.3 Global HVDC Transmission System Market Size by Regions
3.3.1 North America HVDC Transmission System Market Size Breakdown by Application (2019-2024)
3.3.2 Europe HVDC Transmission System Market Size Breakdown by Application (2019-2024)
3.3.3 Asia-Pacific HVDC Transmission System Market Size Breakdown by Application (2019-2024)
3.3.4 Latin America HVDC Transmission System Market Size Breakdown by Application (2019-2024)
3.3.5 Middle East and Africa HVDC Transmission System Market Size Breakdown by Application (2019-2024)
4 Global Market Dynamics
4.1 HVDC Transmission System Industry Trends
4.2 HVDC Transmission System Industry Drivers
4.3 HVDC Transmission System Industry Opportunities and Challenges
4.4 HVDC Transmission System Industry Restraints
5 Competitive Insights by Company
5.1 Global Top Players by HVDC Transmission System Revenue (2019-2024)
5.2 Global HVDC Transmission System Industry Company Ranking, 2022 VS 2023 VS 2024
5.3 Global HVDC Transmission System Key Company Headquarters & Area Served
5.4 Global HVDC Transmission System Company, Product Type & Application
5.5 Global HVDC Transmission System Company Commercialization Time
5.6 Market Competitive Analysis
5.6.1 Global HVDC Transmission System Market CR5 and HHI
5.6.2 Global Top 5 and 10 HVDC Transmission System Players Market Share by Revenue in 2023
5.6.3 2023 HVDC Transmission System Tier 1, Tier 2, and Tier 3
6 Company Profiles
6.1 ABB
6.1.1 ABB Comapny Information
6.1.2 ABB Business Overview
6.1.3 ABB HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.1.4 ABB HVDC Transmission System Product Portfolio
6.1.5 ABB Recent Developments
6.2 Siemens
6.2.1 Siemens Comapny Information
6.2.2 Siemens Business Overview
6.2.3 Siemens HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.2.4 Siemens HVDC Transmission System Product Portfolio
6.2.5 Siemens Recent Developments
6.3 XD
6.3.1 XD Comapny Information
6.3.2 XD Business Overview
6.3.3 XD HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.3.4 XD HVDC Transmission System Product Portfolio
6.3.5 XD Recent Developments
6.4 NR Electric
6.4.1 NR Electric Comapny Information
6.4.2 NR Electric Business Overview
6.4.3 NR Electric HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.4.4 NR Electric HVDC Transmission System Product Portfolio
6.4.5 NR Electric Recent Developments
6.5 GE Grid Solution
6.5.1 GE Grid Solution Comapny Information
6.5.2 GE Grid Solution Business Overview
6.5.3 GE Grid Solution HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.5.4 GE Grid Solution HVDC Transmission System Product Portfolio
6.5.5 GE Grid Solution Recent Developments
6.6 NKT
6.6.1 NKT Comapny Information
6.6.2 NKT Business Overview
6.6.3 NKT HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.6.4 NKT HVDC Transmission System Product Portfolio
6.6.5 NKT Recent Developments
6.7 TBEA
6.7.1 TBEA Comapny Information
6.7.2 TBEA Business Overview
6.7.3 TBEA HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.7.4 TBEA HVDC Transmission System Product Portfolio
6.7.5 TBEA Recent Developments
6.8 XJ Group Corporation
6.8.1 XJ Group Corporation Comapny Information
6.8.2 XJ Group Corporation Business Overview
6.8.3 XJ Group Corporation HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.8.4 XJ Group Corporation HVDC Transmission System Product Portfolio
6.8.5 XJ Group Corporation Recent Developments
6.9 Hitachi ABB Power Grids
6.9.1 Hitachi ABB Power Grids Comapny Information
6.9.2 Hitachi ABB Power Grids Business Overview
6.9.3 Hitachi ABB Power Grids HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.9.4 Hitachi ABB Power Grids HVDC Transmission System Product Portfolio
6.9.5 Hitachi ABB Power Grids Recent Developments
6.10 Nexans
6.10.1 Nexans Comapny Information
6.10.2 Nexans Business Overview
6.10.3 Nexans HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.10.4 Nexans HVDC Transmission System Product Portfolio
6.10.5 Nexans Recent Developments
6.11 Toshiba
6.11.1 Toshiba Comapny Information
6.11.2 Toshiba Business Overview
6.11.3 Toshiba HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.11.4 Toshiba HVDC Transmission System Product Portfolio
6.11.5 Toshiba Recent Developments
6.12 Mitsubishi Electric
6.12.1 Mitsubishi Electric Comapny Information
6.12.2 Mitsubishi Electric Business Overview
6.12.3 Mitsubishi Electric HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.12.4 Mitsubishi Electric HVDC Transmission System Product Portfolio
6.12.5 Mitsubishi Electric Recent Developments
6.13 Abengoa
6.13.1 Abengoa Comapny Information
6.13.2 Abengoa Business Overview
6.13.3 Abengoa HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.13.4 Abengoa HVDC Transmission System Product Portfolio
6.13.5 Abengoa Recent Developments
6.14 Prysmian Group
6.14.1 Prysmian Group Comapny Information
6.14.2 Prysmian Group Business Overview
6.14.3 Prysmian Group HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.14.4 Prysmian Group HVDC Transmission System Product Portfolio
6.14.5 Prysmian Group Recent Developments
6.15 China XD Group
6.15.1 China XD Group Comapny Information
6.15.2 China XD Group Business Overview
6.15.3 China XD Group HVDC Transmission System Revenue, Global Share and Gross Margin (2019-2024)
6.15.4 China XD Group HVDC Transmission System Product Portfolio
6.15.5 China XD Group Recent Developments
7 North America
7.1 North America HVDC Transmission System Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2 North America HVDC Transmission System Market Size by Country (2019-2024)
7.3 North America HVDC Transmission System Market Size Forecast by Country (2025-2030)
8 Europe
8.1 Europe HVDC Transmission System Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2 Europe HVDC Transmission System Market Size by Country (2019-2024)
8.3 Europe HVDC Transmission System Market Size Forecast by Country (2025-2030)
9 Asia-Pacific
9.1 Asia-Pacific HVDC Transmission System Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2 Asia-Pacific HVDC Transmission System Market Size by Country (2019-2024)
9.3 Asia-Pacific HVDC Transmission System Market Size Forecast by Country (2025-2030)
10 Latin America
10.1 Latin America HVDC Transmission System Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2 Latin America HVDC Transmission System Market Size by Country (2019-2024)
10.3 Latin America HVDC Transmission System Market Size Forecast by Country (2025-2030)
11 Middle East & Africa
11.1 Middle East & Africa HVDC Transmission System Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2 Middle East & Africa HVDC Transmission System Market Size by Country (2019-2024)
11.3 Middle East & Africa HVDC Transmission System Market Size Forecast by Country (2025-2030)
12 Concluding Insights
13 Appendix
13.1 Reasons for Doing This Study
13.2 Research Methodology
13.3 Research Process
13.4 Authors List of This Report
13.5 Data Source
13.5.1 Secondary Sources
13.5.2 Primary Sources

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