APAC HVDC Transmission Systems Market, by System Components (AC & DC Harmonic Filters, Converters, DC lines, Circuit Breakers, and Others), by Technology (LCC, VSC, and Others), by Development (Overhead, Underground, and Subsea), by Power Rating (Below 1,

APAC HVDC Transmission Systems Market, by System Components (AC & DC Harmonic Filters, Converters, DC lines, Circuit Breakers, and Others), by Technology (LCC, VSC, and Others), by Development (Overhead, Underground, and Subsea), by Power Rating (Below 1,000 MWs, 1,001 to 2,000 MWs, and 2,001 MWs and above), and by Country (China, India, ASEAN, Australia & New Zealand, and Rest of APEC) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

High voltage direct current (HVDC) transmission system transfers DC current over long distance through overhead transmission line or submarine cables. Moreover, HVDC transmission is preferred over HVAC transmission, as it is more cost-effective considering very long distance, losses, and other factors. HVDC is often referred as Power superhighway or Electrical superhighway. Moreover, HVDC has the ability to interconnect networks utilising HVDC transmission lines. HVDC system uses line commutated converter (LCC) and voltage source converter (VSC), in which LCC is a very economical technology and is based on Thyristor power semiconductors. On the contrary, VSC is relatively new technology in the market and is based on power transistors. Furthermore, HVDC transmission typically has a power rating of several hundreds of megawatts (MW) and many are in the 1,000 – 3,000 MW range. They use overhead lines, or underground/ undersea cables, or a combination of cables and lines.
Market Dynamics
One of the most significant advantages of the High voltage direct current (HVDC) is the efficiency of power transmission over long distances. Furthermore, High-voltage direct current (HVDC) transmission systems can able to low the electric losses and allows more efficient bulk power transfer over long distances which will be another driving factor for market growth. HVDC transmission is also very stable and easily controlled. For instance, in January 2017, ABB, a Swiss-Swedish multinational corporation collaborated with the Power Grid Corporation of India Limited (POWERGRID) to build longest 800 kilovolts (kV) ultra-high-voltage direct current (UHVDC) transmission system. The new transmission line will connect Raigarh city, Chhattisgarh to Pugalur in the southern state of Tamil Nadu.
However, HVDC transmission systems require high cost of components such as Transformer, Switchgears, and protection which will hamper the growth of the market.
Market Taxonomy
This report segments the APAC HVDC transmission systems market on the basis of system components, technology, development, and power rating. On the basis of system components, the APAC HVDC transmission systems market is segmented into o AC & DC harmonic filters, converters, DC lines, circuit breakers, and others. On the basis of technology, the market is segmented into LCC, VSC and others. On the basis of deployment, the market is segmented into overhead, underground, subsea, and combination. On the basis of power rating, the market is segmented into Below 1,000 MWs, 1,001 to 2,000 MWs, and 2,001 MWs and above.
Key features of the study:
This report provides an in-depth analysis of the APAC HVDC transmission systems market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the APAC HVDC transmission systems market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study ABB Ltd., Siemens AG, Toshiba Corporation, General Electric Co., Prysmian SpA, Hitachi Ltd., TransGrid Solutions Inc., and ATCO Electric Ltd.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The APAC HVDC transmission systems market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the APAC HVDC transmission systems market
Detailed Segmentation:
APAC HVDC transmission systems market, By System Components:
AC & DC Harmonic Filters
Converters
DC Lines
Circuit Breakers
Others
APAC HVDC transmission systems market, By Technology:
LCC
VSC
Others
APAC HVDC transmission systems market, By Development:
Overhead
Underground
Subsea
Combination
APAC HVDC transmission systems market, By Power Rating:
Below 1,000 MWs
1,001 to 2,000 MWs
2,001 MWs and above
Company Profiles
ABB Ltd.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
ATCO Electric Ltd.
General Electric Co.
Hitachi Ltd.
Prysmian SpA
Siemens AG
Toshiba Corporation
TransGrid Solutions Inc.
*Browse all the market data tables and figures on "APAC HVDC transmission systems Market - forecast to 2027”