Global High Voltage Direct Current (HVDC) Transmission Market Research Report 2024(Status and Outlook)

Global High Voltage Direct Current (HVDC) Transmission Market Research Report 2024(Status and Outlook)



Report Overview:

HVDC Transmission 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.

The Global High Voltage Direct Current (HVDC) Transmission Market Size was estimated at USD 6046.80 million in 2023 and is projected to reach USD 9125.62 million by 2029, exhibiting a CAGR of 7.10% during the forecast period.

This report provides a deep insight into the global High Voltage Direct Current (HVDC) Transmission market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global High Voltage Direct Current (HVDC) Transmission Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the High Voltage Direct Current (HVDC) Transmission market in any manner.

Global High Voltage Direct Current (HVDC) Transmission Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Hitachi ABB Power Grids

Siemens

Prysmian Group

XD Group

GE Grid Solution

TBEA

Xuji Group

Nexans

NKT

Toshiba Energy Systems & Solutions

Mitsubishi Electric

NR Electric

Market Segmentation (by Type)

Less than 400 KV

400-800 KV

Above 800 KV

Market Segmentation (by Application)

Overhead Transmission

Underground Transmission

Subsea Transmission

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the High Voltage Direct Current (HVDC) Transmission Market
  • Overview of the regional outlook of the High Voltage Direct Current (HVDC) Transmission Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
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Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the High Voltage Direct Current (HVDC) Transmission Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of High Voltage Direct Current (HVDC) Transmission
1.2 Key Market Segments
1.2.1 High Voltage Direct Current (HVDC) Transmission Segment by Type
1.2.2 High Voltage Direct Current (HVDC) Transmission Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 High Voltage Direct Current (HVDC) Transmission Market Overview
2.1 Global Market Overview
2.1.1 Global High Voltage Direct Current (HVDC) Transmission Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global High Voltage Direct Current (HVDC) Transmission Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 High Voltage Direct Current (HVDC) Transmission Market Competitive Landscape
3.1 Global High Voltage Direct Current (HVDC) Transmission Sales by Manufacturers (2019-2024)
3.2 Global High Voltage Direct Current (HVDC) Transmission Revenue Market Share by Manufacturers (2019-2024)
3.3 High Voltage Direct Current (HVDC) Transmission Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global High Voltage Direct Current (HVDC) Transmission Average Price by Manufacturers (2019-2024)
3.5 Manufacturers High Voltage Direct Current (HVDC) Transmission Sales Sites, Area Served, Product Type
3.6 High Voltage Direct Current (HVDC) Transmission Market Competitive Situation and Trends
3.6.1 High Voltage Direct Current (HVDC) Transmission Market Concentration Rate
3.6.2 Global 5 and 10 Largest High Voltage Direct Current (HVDC) Transmission Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 High Voltage Direct Current (HVDC) Transmission Industry Chain Analysis
4.1 High Voltage Direct Current (HVDC) Transmission Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of High Voltage Direct Current (HVDC) Transmission Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 High Voltage Direct Current (HVDC) Transmission Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global High Voltage Direct Current (HVDC) Transmission Sales Market Share by Type (2019-2024)
6.3 Global High Voltage Direct Current (HVDC) Transmission Market Size Market Share by Type (2019-2024)
6.4 Global High Voltage Direct Current (HVDC) Transmission Price by Type (2019-2024)
7 High Voltage Direct Current (HVDC) Transmission Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global High Voltage Direct Current (HVDC) Transmission Market Sales by Application (2019-2024)
7.3 Global High Voltage Direct Current (HVDC) Transmission Market Size (M USD) by Application (2019-2024)
7.4 Global High Voltage Direct Current (HVDC) Transmission Sales Growth Rate by Application (2019-2024)
8 High Voltage Direct Current (HVDC) Transmission Market Segmentation by Region
8.1 Global High Voltage Direct Current (HVDC) Transmission Sales by Region
8.1.1 Global High Voltage Direct Current (HVDC) Transmission Sales by Region
8.1.2 Global High Voltage Direct Current (HVDC) Transmission Sales Market Share by Region
8.2 North America
8.2.1 North America High Voltage Direct Current (HVDC) Transmission Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe High Voltage Direct Current (HVDC) Transmission Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific High Voltage Direct Current (HVDC) Transmission Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America High Voltage Direct Current (HVDC) Transmission Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa High Voltage Direct Current (HVDC) Transmission Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Hitachi ABB Power Grids
9.1.1 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Basic Information
9.1.2 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Product Overview
9.1.3 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.1.4 Hitachi ABB Power Grids Business Overview
9.1.5 Hitachi ABB Power Grids High Voltage Direct Current (HVDC) Transmission SWOT Analysis
9.1.6 Hitachi ABB Power Grids Recent Developments
9.2 Siemens
9.2.1 Siemens High Voltage Direct Current (HVDC) Transmission Basic Information
9.2.2 Siemens High Voltage Direct Current (HVDC) Transmission Product Overview
9.2.3 Siemens High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.2.4 Siemens Business Overview
9.2.5 Siemens High Voltage Direct Current (HVDC) Transmission SWOT Analysis
9.2.6 Siemens Recent Developments
9.3 Prysmian Group
9.3.1 Prysmian Group High Voltage Direct Current (HVDC) Transmission Basic Information
9.3.2 Prysmian Group High Voltage Direct Current (HVDC) Transmission Product Overview
9.3.3 Prysmian Group High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.3.4 Prysmian Group High Voltage Direct Current (HVDC) Transmission SWOT Analysis
9.3.5 Prysmian Group Business Overview
9.3.6 Prysmian Group Recent Developments
9.4 XD Group
9.4.1 XD Group High Voltage Direct Current (HVDC) Transmission Basic Information
9.4.2 XD Group High Voltage Direct Current (HVDC) Transmission Product Overview
9.4.3 XD Group High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.4.4 XD Group Business Overview
9.4.5 XD Group Recent Developments
9.5 GE Grid Solution
9.5.1 GE Grid Solution High Voltage Direct Current (HVDC) Transmission Basic Information
9.5.2 GE Grid Solution High Voltage Direct Current (HVDC) Transmission Product Overview
9.5.3 GE Grid Solution High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.5.4 GE Grid Solution Business Overview
9.5.5 GE Grid Solution Recent Developments
9.6 TBEA
9.6.1 TBEA High Voltage Direct Current (HVDC) Transmission Basic Information
9.6.2 TBEA High Voltage Direct Current (HVDC) Transmission Product Overview
9.6.3 TBEA High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.6.4 TBEA Business Overview
9.6.5 TBEA Recent Developments
9.7 Xuji Group
9.7.1 Xuji Group High Voltage Direct Current (HVDC) Transmission Basic Information
9.7.2 Xuji Group High Voltage Direct Current (HVDC) Transmission Product Overview
9.7.3 Xuji Group High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.7.4 Xuji Group Business Overview
9.7.5 Xuji Group Recent Developments
9.8 Nexans
9.8.1 Nexans High Voltage Direct Current (HVDC) Transmission Basic Information
9.8.2 Nexans High Voltage Direct Current (HVDC) Transmission Product Overview
9.8.3 Nexans High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.8.4 Nexans Business Overview
9.8.5 Nexans Recent Developments
9.9 NKT
9.9.1 NKT High Voltage Direct Current (HVDC) Transmission Basic Information
9.9.2 NKT High Voltage Direct Current (HVDC) Transmission Product Overview
9.9.3 NKT High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.9.4 NKT Business Overview
9.9.5 NKT Recent Developments
9.10 Toshiba Energy Systems and Solutions
9.10.1 Toshiba Energy Systems and Solutions High Voltage Direct Current (HVDC) Transmission Basic Information
9.10.2 Toshiba Energy Systems and Solutions High Voltage Direct Current (HVDC) Transmission Product Overview
9.10.3 Toshiba Energy Systems and Solutions High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.10.4 Toshiba Energy Systems and Solutions Business Overview
9.10.5 Toshiba Energy Systems and Solutions Recent Developments
9.11 Mitsubishi Electric
9.11.1 Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Basic Information
9.11.2 Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Product Overview
9.11.3 Mitsubishi Electric High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.11.4 Mitsubishi Electric Business Overview
9.11.5 Mitsubishi Electric Recent Developments
9.12 NR Electric
9.12.1 NR Electric High Voltage Direct Current (HVDC) Transmission Basic Information
9.12.2 NR Electric High Voltage Direct Current (HVDC) Transmission Product Overview
9.12.3 NR Electric High Voltage Direct Current (HVDC) Transmission Product Market Performance
9.12.4 NR Electric Business Overview
9.12.5 NR Electric Recent Developments
10 High Voltage Direct Current (HVDC) Transmission Market Forecast by Region
10.1 Global High Voltage Direct Current (HVDC) Transmission Market Size Forecast
10.2 Global High Voltage Direct Current (HVDC) Transmission Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe High Voltage Direct Current (HVDC) Transmission Market Size Forecast by Country
10.2.3 Asia Pacific High Voltage Direct Current (HVDC) Transmission Market Size Forecast by Region
10.2.4 South America High Voltage Direct Current (HVDC) Transmission Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of High Voltage Direct Current (HVDC) Transmission by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global High Voltage Direct Current (HVDC) Transmission Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of High Voltage Direct Current (HVDC) Transmission by Type (2025-2030)
11.1.2 Global High Voltage Direct Current (HVDC) Transmission Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of High Voltage Direct Current (HVDC) Transmission by Type (2025-2030)
11.2 Global High Voltage Direct Current (HVDC) Transmission Market Forecast by Application (2025-2030)
11.2.1 Global High Voltage Direct Current (HVDC) Transmission Sales (K Units) Forecast by Application
11.2.2 Global High Voltage Direct Current (HVDC) Transmission Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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